Episode Guide

Episode Summary:

The episode features a deep dive into the skill of spending, where Pete Adeny, also known as Mr. Money Mustache, shares insights on how spending less can be streamlined as a positive skill rather than a deprivation. He emphasizes the importance of achieving a pleasurable lifestyle while reducing costs, arguing that intelligent spending can lead to financial freedom. The discussion expands on the impact of spending habits on various income levels and how small adjustments in spending can significantly transform lives. From strategies to cut down on car costs to enhancing daily living experiences through mindful spending, the conversation provides actionable steps for listeners to rethink their financial habits without compromising happiness or comfort. Overall, the episode reinforces that financial independence should align with living a fulfilling life, devoid of unnecessary constraints.

Episode Timestamps

In this episode: tackling the big issues, the everywhere effect, change and discomfort, and getting the most from what you have.

On this Podcast in recent months, we have made a point to highlight the fact that FI isn't about deprivation. While we do think making a few cuts in some areas is a good thing, we believe in that idea because it acts as a means to an end, with the endpoint being living the most fulfilling life available to you. So how is it possible to deprive ourselves in a manner that doesn't leave us feeling deprived? Well, we have to skill up our spending abilities.! This week we have Mr. Money Mustache on the podcast to discuss the skill of spending and how to approach utilizing your resources to ensure your own happiness and well-being. Make cuts in your life where there is a lack of purpose so you can level up areas of importance and passion!

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Mr. Money Mustache:

Website: mrmoneymustache.com

Timestamps:

0:51 - Introduction
4:15 - The Power Of Spending With Less Income
9:24 - Tackling The Big Issues First
17:06 - Change and Discomfort
19:55 - The Everywhere Effect
28:06 - The Power Of Community
31:45 - Getting The Most From What You Have
40:23 - Cost VS Comfort, Wheres The Line?
45:34 - Early Cutting Is Essential
50:53 - Conclusion

Resources Mentioned In Today’s Episode:

Consistently fun and informative

07/18/2017

Scotty Ga

This is the first review I have ever written but felt compelled to do so. This show offers consistent quality week in and week out. They do an excellent job of exploring topics and I appreciate their humility. They don't claim to have all the answers but will present different viewpoints and have expanded my knowledge on various different topics. I listen to this podcast feeding my 6 week old daughter at 2 am. It inspires me to be the best person I can for her and be more "intentional". Thanks guys keep it up. I would request some guests who are high income earners like physician on fire (great episode btw), white coat investor, big law investor. Thanks
The crucial FI foundation you’ve been looking for

01/10/2020

Debbie in LA

Whether you are just getting started or if you are a fi veteran, this podcast provides incredible information that will help you ensure a stable foundation of knowledge and strategies for FI. The guests are extremely knowledgeable and well know in the fi community. They are able to provide ideas and strategies to maximize your money that may not be easily found otherwise. Do yourself a favor and subscribe!

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