Joined in 2023 
82 
63 About this deal
I’ve noticed a lot of the O.G. F.I.R.E. bloggers and Podcasters have continued to make money after F.I.R.E. and then end up talking about these kind of “what do I do with all this extra money?” Topics. I don’t really need that message yet, but who knows maybe someday I will? This is a special solo episode where I answer questions from members of my Money Coaching program. In today’s episode: My favorite services that I use when I travel, how to handle FOMO when you're investing, and also how to handle traveling with other people. Many banks allow you to open these sub-accounts to categorize your money at no extra charge and still offer to pay some interest on it. Okay. Well let’s take a second to dream. Coffee is one of the things that makes you passionate. You love it and you wanna get more experience with it. So how would you discover how to go deeper into that hobby of yours?
How to Build a Bulletproof Budget: Worksheet + 50/30/20 Rule
Mad Fientist: Excellent. Well thank you so much, Ramit. Really appreciate it. And yeah, hopefully I’ll touch base with you in another three or four years and I’ll have made even more progress. I know, it’s crazy. I know. But I learned this myself. I’m like, why don’t you guys just buy this book , and in fact, get it from the library. You’ll solve all your money problems. And there are a lot of people that are just like, mm, I’m not gonna do that. I go, all right, I get it. We have to remember that most people are not buying any book, much less a money book. How do you think those kids felt? And she looked like she was gonna cry. And I was just like, I had the biggest grin on my face. Cause I’m like, gotcha. But that’s not how wealthy people treat money. That’s not how someone who’s living a rich life treats money. Think about somebody who’s like very good with food. They love to eat healthy food. They’re gonna talk about food with their kids. Oh, come on, let’s cut this garlic together, we eat this because it tastes good and it mixes well with that. Now, figuring out which side hustle to start is easier than you think. Think about the skills you bring to the table, to start.
However, technology has shown us that everything is easier when you automate it. Apps like Fudget and Monefy are great for those who wish to use the envelope system. This allows you to stay on top of your obligations, have a proactive approach to budgeting, and not overspend. While these are handy when you’re still trying to figure things out, it’s important that you find a ratio that works for you. The goal is simple, decrease your debt, increase your savings and investments, and allow yourself some guilt-free spending.
Will Teach You to Be Rich: No Guilt. No Excuses. Just a 6 I Will Teach You to Be Rich: No Guilt. No Excuses. Just a 6
But there are things that are really important to me, and so I actively seek out how to go deeper and make my life easier. And so I’m not surprised that you had that reaction and that you almost kind of seem to go blank when I asked you how would you do it? But that’s okay. It takes a little bit of coaching. And I don’t believe that. I think you can have a nice experience and you can also trust yourself enough to know what is enough. And that is really important in a rich life. I’m not saying everyone here just twirl around three times, repeat rich life and then go buy a private jet. That’s not how it works. You need to be able to afford it. I talk about the numbers. I’m not just out here doing some woo-woo life-coach BS. But I also think that you can trust yourself enough to experience something amazing and know that I will never let myself spend more than within our margin of safety. The key message to me is to embrace spending more money than you might otherwise because its value brings you happiness. This is next level optimization to me. It’s about letting go of nominal thinking and fully embracing the value. The key is staring with what you enjoy and then thinking larger. To some this might be a FatFIRE indulgence, but I think it could apply to anyone. Two examples from my life that come to mind: This is my prime spending years. And two, it was like, all right, I really do need to get serious about this because yes, I feel like I’m 20, so I should just keep saving, but this is my prime spending years. Mad Fientist: Ah, that’s what we needed. I need the tough love today. That’s what I brought you on. I knew you’re the only one that could do this. So yeah, the journal definitely there’s a lot I want to touch on in there, but before we do the podcast, episode 40 was really helpful in the sense that, like you said, we can spend on our kids or spend on our dog or spend on somebody else.If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 € per month. Emergency fund: Ideally, you’ll have at least 3-6 months’ worth of fixed-cost expenses saved in an emergency fund. But if you’re really ambitious, go for one year. A solid emergency fund can ease potential hardship. Let’s start with banks. There is a wide variety of products they offer and each one is either designed to keep their liquidity high (savings accounts) or earn them the big dollars (by offering credit with interest).
Great Deal 
New Comment