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The Skill of Spending | Mr. Money Mustache | Ep 432

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!

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

Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. American Express is a ChooseFI advertiser. Disclosures.
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