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.
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Links
(*Some affiliate links so we might earn a commission if you buy something)
- “Mindy on Money” Podcast
- Mad Fientist
- Ramit Sethi
- Elizabeth on MHFI Episode 212
- FinCon
- J. Money
- Budgets are Sexy
- Bill Perkins, “Die With Zero”
- BiggerPockets Money podcast, “Ramit Sethi’s Money Advice for Couples: Live a Rich Life, Together”
- Pete Adeney/Mr. Money Mustache
- Mile High FI Facebook Group
- Doug’s site
- Carl’s blog: 1500 Days
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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.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl’s Blog about Early Retirement
Email us here: doug@milehighfi.com or carl@milehighfi.com
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