466. Let‘s talk about MONEY: The Mindsets, the Beliefs + the Possibilities - Lin Shi

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Overview

Meet Lin. This relentless, practical idealist is focused on building a more compassionate world through her work as an actuary, consultant and nonprofit leader. She believes that community-based financial resilience can be a safeguard against the uncertainty our society is facing around the world💰 She’s the founder of Money Health Collective, a financial well-being community that is now serving people in 20+ countries🌎 Money can be hard to talk about, but when discussed in community we can reconsider our mindsets and beliefs and find new possibilities. Tune in to explore the interconnectedness of money, health and philanthropy.

💡Learn

Why talking about money is difficult

How to navigate conversations around money
Ways the stories we tell ourselves about money affect philanthropy

Today’s Guest

Lin Shi, Founder, Money Health Collective

“So many really challenging emotions come out when talking about money. Those emotions come out strongly in fear. We naturally don’t feel drawn towards it.”

— Lin Shi, Founder, Money Health Collective

Episode Transcript

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Episode Highlights

Lin’s story and journey to where she is today (2:35)
Why money is such a hard topic to discuss (7:05)
Talking about money cross-culturally (12:00)
The stories we tell about our money (14:40)
How money mindsets impact fundraising. (17:50)
Becky’s story about how not to let your limiting beliefs about money discount what a donor can give (20:15)
What is unlocked when people are comfortable with talking about money (25:00)
A powerful story of philanthropy in Lin’s life (27:00)
Lin’s One Good Thing: We don't have to choose one thing to do. (28:25)
How to connect with the Money Health Collective (30:10)

POWERFUL QUOTES

“Throughout that thread, regardless of how much money our family had, the immanence of financial stress was always present.” -Lin

"I am not alone, even though it feels that way. And I do not need to feel ashamed of my lack of knowledge, I'm doing the best I can with what I have." -Money Health Collective Participant

"Saying it out loud to people makes it actionable." -Money Health Collective Participant

"I need to spend more time consciously thinking about my finances and discussing them with people I feel safe around." -Money Health Collective Participant

"How have you felt about your own financial well-being if you look at that line going from birth until today?” -Lin

“So many really challenging emotions come out when talking about money. Those emotions come out strongly in fear. We naturally don’t feel drawn towards it.” -Lin

“There aren’t many spaces in our society where we can safely talk about money.” -Lin

“As long as you take care of yourself in the process, explore the many things you are passionate about.” -Lin

“Be open to exploring different ways to approach things.” -Lin