ABOUT THIS EPISODE
After decades of saving/investing, it's hard to immediately flip a switch and go into spending mode.
Spending is a skill that you should develop on your way to FI, so that you're better at it when the time comes to really do it.
Here's what worked for me over the last few years!
Highlights
- How to reframe expenses and recalibrate how you value money (e.g. College Calculation, 0.01% Rule, etc.)
- Why you should expect inefficiencies/waste as your net worth grows
- The benefits of splurge accounts and forced annual-spending targets
- Balancing the idea that "everything is free" with the benefits of incremental improvements
- The importance of prioritizing "now" over "the future", while still spending/saving for both
- How to give more while increasing the personal benefits of that giving
English
United States
TRANSCRIPT 🔗
Are you the producer of this podcast?
Add a podcast transcript
Need Audio-to-Text?
Transcribe with Listen411 in Just 60 Seconds
SEARCH PAST EPISODES
Search past episodes of Financial Independence Podcast.
OTHER EPISODES IN THIS PODCAST
On today's episode of the Financial Independence Podcast, I welcome back Ramit Sethi from I Will Teach You to Be Rich!
I needed someone to come on the show to provide some tough love and Ramit was the only person for the job.
As Ramit mentioned during our last interview, FIRE people are great at …
Life has completely changed.
And because of this major change, I'm even more grateful for the freedom, flexibility, and time that financial independence and early retirement provide.
In this short episode, I fill you in on what's been happening and I discuss the reasons for my newfound appreciati…
On today's episode of the Financial Independence Podcast, I welcome back Chad Carson from CoachCarson.com!
Chad just released a new book, The Small and Mighty Real Estate Investor, and I wanted to get him back on the show to talk about it.
I'm not a real-estate investor myself though. So rather t…
Over the last few years, I interviewed members of my family to find out two things:
How I became the Mad Fientist (i.e. where did I get my extreme ideas about money)
What advice they'd give to parents hoping to raise money-smart children
This is a short but sweet holiday episode to end the y…
Cody Berman and Justin Taylor, hosts of the FI Show, have both achieved financial independence but they've taken drastically different paths to get there.
Listen to this Podcast Takeover episode to hear the similarities and differences between an employee's path to FI (Justin's) and an entrepreneu…
Disclaimer: The podcast and artwork embedded on this page are from The Mad Fientist, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.
EDIT
Thank you for helping to keep the podcast database up to date.
