Lea Schodel – Financial Planner, Yoga Teacher and founder of The Mindful Wealth Movement
Lea inspires me so much with her dedication to empowering women around managing finances and improving their mindset and overall wellbeing. I too believe achieving financial freedom is not only about getting your finances sorted but it’s about living an overall healthier life in general and a lot to do with mindset. I am so excited to share this amazing interview with you all and I recommend checking out Lea’s website and her Mindful Wealth Movement.
Tell me a bit about who you are and what you are passionate about?
I would describe myself as an ambivert. Quite simply, there’s a yin and yang going on in my mind and in my heart. I am both introverted and extroverted and I am also both technical and creative (i.e. left and right brain focused). I am both serious and fun, powerful and vulnerable, inventive and safe, a lover and a fighter, a leader and a follower, a doer and a thinker, a home-body and an explorer, a student and a teacher. And I love that I am all of those things.
From a professional sense, I am a wealth coach and social entrepreneur. I am a financial adviser and yoga teacher, writer, workshop facilitator and retreat organiser.
I am passionate about helping women to create more authentic and conscious relationships with money so that they can create more wealth & wellbeing in their lives!
I certainly don’t like to be confined to a box! Once I learnt how to balance all these seemingly conflicting aspects of my personality, I’ve been able to find my own path and find flow in life, my career and in my relationships.
You are a yoga teacher, financial adviser and successful entrepreneur. In everything you do you inspire women to live a healthier and wealthier life. How did you get started on this journey?
For a long time (almost 15 years) I worked in the “traditional” financial planning industry, but I always felt like I didn’t quite fit in. Like I was too creative for this left-brain industry, or that I wasn’t helping people quite as much as I could pontetially be doing. It’s not until I studied yoga that I realised my purpose and how I could take a unique approach to help more people. There is so much more to managing money well than spreadsheets, numbers and calculations. In fact, in order to manage your money well, you need to manage yourself well. Which means that you need to manage your thoughts, beliefs, feelings and emotions + take action! So often we just focus on the actions, but the truth is we must focus on all these areas, if we are to get in control and be able to create more wealth!
As a yoga teacher, I am passionate about wellbeing, but it is also because finances are so often the number 1 cause of stress for most people. They are also the number 1 cause of relationship breakdown and divorce. I am on a mission to help more people reduce stress around money and take back control of their relationship with money, so that they can live happier, wealthier and ultimately healthier lives.
Tell me what ‘The Mindful Wealth Movement’ is all about and how it got started?
Being mindful with wealth & wellbeing is about creating awareness around what it is we do with our money, and taking action towards creating healthier beliefs, habits and behaviours with it! The mindful wealth movement is a social enterprise that has an online course, workshops and wealth wellness retreats. It was started to help more women (who wouldn’t typically be interested in learning about money) to be inspired to do so! It’s a feminine approach to learning about money and managing wealth. It’s designed for the dreamers, the yogis, the wellbeing practitioners, the creatives, the artists, the healers and the soulful entrepreneurs looking to get ahead financially.
I am also passionate about making financial advice and learning about money inclusive for everybody. I created The mindful wealth movement as a social enterprise, so that it provides ALL women with an opportunity to learn from us. For every woman that comes through our online course, I grant a scholarship for another woman to participate! We also run many community programs for women from disadvantaged backgrounds to help inspire and empower them in wealth and wellbeing too!
What do you think women can do to improve their health and wellbeing while working a stressful corporate job or running a business?
Perhaps the biggest thing (speaking from personal experience) is to prioritise it and to give yourself permission to take time out and practice a little self-care. I am a big believer that in order to be our best and do our best, then we need to make sure our cup is not just full, but overflowing! Another thing that I have learnt is that saying “NO” sometimes is a-okay.
In my course, I go into the concept that wellbeing comprises of many elements and is much more than just our health and physical fitness. If we are to attain total wellness, then we need to give our attention to and practice healthy choices with our mental, financial, social and spiritual wellbeing too!
Who inspires you and why?
I am constantly inspired by others. Of late though, I have watched as my sister and many of my friends (who run a business), have had children. I am inspired by how they manage to raise such awesome little humans, run a household and somehow still continue to manage their businesses!
What is the best piece of financial advice you have ever been given?
This would have to be – tell your money where to go, or you’ll wonder where it went. In other words, create a spending plan to allocate your money purposefully and consciously in accordance with your goals and values.
What is one action we can take every day that will improve our financial future?
I hear a lot of people tell me that they want to be “wealthy” or “rich”. What I find interesting though is that they aren’t doing anything to actually prioritise this or make it happen. A goal without a plan is just a wish! If we really want something then we need to make it a priority and then direct our attention (thoughts and feelings) and take action to make it a reality. So my one action would be to shift your mindset and make your wealth + wellbeing a priority! This subtle shift in mindset may see you starting to think and act differently when it comes to managing your money!
I love the idea of telling your money where you want it to go. It is so important to be intentional around our spending so we know where our money is going. I also love so much that your mindful wealth movement is designed designed for the dreamers, the yogis and soulful entrepreneurs. You have made financial planning advice more accessible and easier to digest for everyone.
If you are interested in checking out what Lea is up to please see her website below and the link to the Mindful Wealth Movement website and social media pages.