Doug chats with Kristen Knapp (FI Friends Travel) about the challenges of unwinding deep-seated frugal habits and learning to spend at the “right level” after achieving FI. Inspired by a recent blog post from the Mad Fientist, Doug & Kristen explore the nuances of maintaining a balance between saving & spending and discuss why many people struggle to actually spend money once they hit their financial goals. They also emphasize the importance of spending on what brings joy and the necessary shift in mindset that’s required to enjoy financial freedom without guilt.
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0:00 Introduction
2:19 Frugality
9:02 Spending after FI
16:43 Reframing expenses
24:41 FI Friends Travel
31:44 Award travel using points
37:05 The Fun Fund
44:18 Balancing present & future spending
51:25 Shared experiences
55:39 Soundcheck – Winter weather
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