Learning How to Spend Money (While Enjoying Every Dollar Spent)

Learning How to Spend Money (While Enjoying Every Dollar Spent)

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

Episoder(84)

Ramit Sethi – How to Spend (and Actually Enjoy It)

Ramit Sethi – How to Spend (and Actually Enjoy It)

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My Family - Raising Money-Smart Kids

My Family - Raising Money-Smart Kids

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 parent...

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Podcast Takeover: The FI Show - Employee vs. Entrepreneur

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Mad Fientist Jr. - Why I'm Appreciating FI More Than Ever Now

Mad Fientist Jr. - Why I'm Appreciating FI More Than Ever Now

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Podcast Takeover: Financial Independence Europe - Effective Altruism

Podcast Takeover: Financial Independence Europe - Effective Altruism

Welcome to another podcast-takeover episode of the Financial Independence podcast! This time, Mathias from the Financial Independence Europe podcast takes over the show to talk to Luke Freeman (from G...

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The Best Advice from Mr. Money Mustache

The Best Advice from Mr. Money Mustache

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On today's episode of the Financial Independence Podcast, I speak to Patrick Aime from Aime to Invest! Patrick's journey to FI is an incredible one. He… Moved from his home in Rwanda to attend high s...

25 Apr 202237min

Podcast Takeover: Mile High FI - Early Retirement Failures & Successes

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I'm excited to share with you the first Podcast Takeover episode of the Financial Independence Podcast! Carl and Doug from the Mile High FI podcast take over the Financial Independence Podcast to talk...

28 Mar 202238min

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