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.
Continue reading “A Quick Note for Those Struggling with Spending”EP 2: Value Spending: A Damn Good Start
In this podcast episode, it’s just little ole’ me. Today we begin where financial strength nearly always begins: with value spending. Here we discover why value spending habits, not unsustainable frugality, really impact the bottom line.
In this episode we cover:
- The Pareto Principle and how to apply to personal finances
- Identifying our spending “weaknesses”
- “The Big Three” spending categories and cost saving solutions
- Help with one-off expenses and compulsive spending
Value Spending: How to Really Save Money
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.
Continue reading “Value Spending: How to Really Save Money”How to Destroy Your Finances in Your 20s and 30s
The following are fictional narratives of many of the character traits, decisions, and habits that either my wife or I have exhibited, or those observed or communicated by readers of this website. Let’s examine together some of the many common scenarios where young people set the ball rolling on a path to destroying their finances.
Continue reading “How to Destroy Your Finances in Your 20s and 30s”The Simple Systems to Kicking Monetary Ass
The often-touted rule-of-thumb for achieving financial independence is to secure 25 times one’s annual expenses via intentional saving and investing. Even though these are simple systems, we know from the second or third grade that multiplying things by 25 produces much bigger numbers than the thing itself (our spending in this case). Therefore, it seems absolutely outlandish to imagine saving that much money! Outlandish, I tell you!
So, as with many difficult endeavors in life, the tendency is to focus too narrowly on the distant target, and then immediately get overwhelmed. And in doing so, we may never start in the first place. Behaviors remain unchanged; the status quo is preserved.
How can a series of simple systems be implemented to change our lives forever?
Continue reading “The Simple Systems to Kicking Monetary Ass”Nate Drolet: So You Want to be a Coach?
Alright folks, we’re finally getting back on the interview wagon, and I’m pleased this week to bring you Nate Drolet. Nate, at 31 years young, is a coach, trainer, and podcast co-host for Power Company Climbing, a well-rounded climber (he has climbed multiple 5.14a routes and V12 boulders), and a master of movement. Nate also takes an admirably pragmatic approach to learning and self-improvement.
In many cases, it might be as simple as mind over matter…
Continue reading “Nate Drolet: So You Want to be a Coach?”How to Make Food at Home That Doesn’t Suck
Let’s get one thing clear right off the bat: I’m not against eating out. I’m 100% an advocate of experiences, and I find that food, when done well, is an art and sensation worth the expense.
That said, far too many folks almost exclusively eat out because either they think there’s no time, or they simply haven’t taken the initiative to learn how to cook. Over time, the resultant opportunity cost is hundreds of thousands of foregone dollars and the delayed effects of one-too-many chicken fingers. Today, let’s examine a handful of really simple tips to make food at home that doesn’t suck.
Continue reading “How to Make Food at Home That Doesn’t Suck”