Mindy and Carl catch up with long-time friend Brandon, the Mad Fientist, to discuss the balance between spending, saving, and maintaining happiness. Brandon details his journey from extreme frugality to spending experiments to purposeful spending/spending for happiness. He also discusses the indispensable role of personal development, the importance of experiences over possessions, and the influence of parenthood and life events in reshaping priorities.
Note: This is a rebroadcast of episode 22 of the “Mindy on Money” podcast.
Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)
Interested in your own spending experiment? If so, head over to Buy Me A Coffee and experiment with supporting the show!
Links
—
Join the Mile High FI Club – It’s our email list!
Get MHFi Merch – It helps support the show. Get t-shirts & more
**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl’s Blog about Early Retirement
Email us here: [email protected] or [email protected]
0:00 Introduction
4:29 Catching up with Brandon
10:32 Lessons from Ramit & Die With Zero
17:15 Recovering from Ramit
23:01 Carl’s Tesla
30:12 Spending experiments
41:23 Navigating the emotions of FI
48:12 Reframing thoughts on “frivolous” spending
53:00 Keys to happiness
58:03 Advice for others on their FI journeys
1:06:45 Bloopers & closing thoughts
Doug chats with his friend, Dusti, about cognitive biases and behavioral economics. They discuss how our financial habits are heavily influenced by emotions, and...
Doug and Carl talk about the EconoMe conference, bunking together, Skyline Chili, and dutch ovens. Here are a few highlights of their discussion: Doug...
Recorded in the hotel lobby from the EconoMe conference in Cincinnati, Doug and Carl catch-up on various topics including: a recap of their recent...