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)

The Escape Artist - FIRE in the UK

The Escape Artist - FIRE in the UK

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Bogleheads - Life After FIRE

Bogleheads - Life After FIRE

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Fifth (and Final) Annual Update

Fifth (and Final) Annual Update

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Early Retirement Extreme - A Systems Approach to Lifestyle Design

Early Retirement Extreme - A Systems Approach to Lifestyle Design

On today's episode of the Financial Independence Podcast, I finally got to interview the person who introduced me to the concept of financial independence and early retirement in the first place… Jaco...

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8 Key Lessons from the Ultralearning Experiment

8 Key Lessons from the Ultralearning Experiment

Last year, I conducted an experiment in Ultralearning that I hoped would help me achieve a lifelong dream of mine of writing and releasing an album. I'm happy to say it was far more successful than I ...

2 Okt 202039min

Morgan Housel - The Psychology of Money

Morgan Housel - The Psychology of Money

One of my favorite financial writers, Morgan Housel, is on the Financial Independence Podcast today! I'm not the one conducting the interview this time though (all is explained in the episode). Morgan...

10 Sep 202048min

Valuable Lessons from My Fourth Year of Freedom

Valuable Lessons from My Fourth Year of Freedom

It's been four years since I left my full-time job and what a crazy year it's been! To celebrate this anniversary and to recap the things I've learned during this last year of post-FI life (and the CO...

7 Aug 202017min

Coronavirus Market Crash - Is This Time Different?

Coronavirus Market Crash - Is This Time Different?

Bear markets are a normal part of investing but is this time different? As the coronavirus COVID-19 spreads around the world, governments are struggling to limit the economic impact of the disease. In...

16 Mar 202029min

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