featured image for podcast episodeThe Skill of Spending | Mr. Money Mustache

The Skill of Spending | Mr. Money Mustache
Episode 432

Choose
Posted by Choose FI
Podcast
Download
Listen on
Apple Podcasts

Episode Guide

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!

[elementor-template id="143609"]

Mr. Money Mustache:

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:

M1 Finance

While You're Here

← Back