Permission to Spend: From Frugality to Value-Based Purchases - Amberly Grant | MHFI 318

Doug chats with Amberly Grant (FinTalks) about how their views & mindsets around frugality have evolved and share recent spending decisions, especially around travel and “quality of life” purchases.  They discuss the changing psychology of spending as income grows and the practical value of “removing negatives” from life.

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• Guitar Accessories
• Hiking & Outdoor
• Essentials for Sleep

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Links

• Amberly Grant
• EconoMe Conference
• Nuuly (subscription clothing rental)
• Rusty on MHFI episode 317
• EconoMe Conference, “Carl Jensen: FI-Landia Is A Lie. What I Learned on My Journey to FIRE”
• CampFI
• EconoMe Conference, “James Lowery: How to Become a Lazy Landlord”
• MHFI Facebook group
• Doug’s site
• Check out Producer Chris’s blog: Epic Financial Journey

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**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.**

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0:00 Introduction

1:13 Frugal roots & changing perspectives

7:06 Evolving spending habits

14:41 Delayed gratification purchases

20:12 Renting clothes & subscriptions

27:42 Fitness gear & gym memberships

36:11 Irrationality & sunk cost 

41:02 Finally buying a new couch

50:00 Recent value purchases

55:55 Travel & subscription audit

1:00:03 FinTalks

1:04:24 Soundcheck – EconoMe presentation

1:11:23 Preparation for giving a speech

1:16:59 Observations & tips