spending money Archives - CLIPPING CHAINS

What Happened to Frugality?

Mr. Clipping Chains — Mon, 17 Jul 2023 06:00:00 +0000

Frugality is an endearing element of saving money and living the good life. But interestingly, the recent discourse in personal finance circles has seemingly shifted to embrace spending over saving. What is going on, how did this happen, and why should we care? Listen to the Podcast Roots of the Alternative Living Philosophies As we …

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Can The 4% Rule Actually Work For Early Retirement?

Mr. Clipping Chains — Mon, 17 Oct 2022 06:00:00 +0000

The 4% rule suggests that a retiree who withdraws no more than 4% of their portfolio each year could have provided for a 30-year retirement window during most historical retirement windows. And that is true! The problem is that the FIRE community, however, perpetuates at least two misconceptions when discussing the 4% rule. Today, we …

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A Quick Note for Those Struggling with Spending

Mr. Clipping Chains — Mon, 27 Jun 2022 06:00:00 +0000

We often use spending in an attempt to gain admiration and respect from our peers. Here’s why it doesn’t work and what we can do instead. Listen in Podcast Format It’s odd to say, but I just recently listened to my first episode of the Tim Ferriss Show. This podcast, a wildly popular lifestyle guru …

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EP 26: How to Spend Retirement Money Early

Mr. Clipping Chains — Mon, 21 Mar 2022 06:00:00 +0000

This week on episode 26, we revisit the Roth conversion ladder, a method used to spend retirement money early without penalty and with little to no tax burden. Topics on How to Spend Retirement Money Early What is a Roth conversion ladder? How can we save for retirement and withdraw those funds early without penalty …

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Value Spending: How to Really Save Money

Mr. Clipping Chains — Mon, 05 Jul 2021 14:00:00 +0000

We used to worry about every dollar spent. But then we learned to stop fretting and live well through value spending, putting our efforts where it matters most. Here’s how we made major and repeatable changes to our spending habits without materially changing our enjoyment of life. Want to hear this as a podcast? Enjoy! …

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