3048: Your Budget is Like a Leaking Ship by Jacob Lund Fisker of Early Retirement Extreme
By plugging these financial leaks, it's possible to live comfortably on far less while enjoying a higher quality of life
Optimal Finance Daily - Financial Independence and Money Advice · Optimal Living Daily | Diania Merriam
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Show Notes
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Episode 3048:
Jacob Lund Fisker dissects common spending habits, from frequent furniture replacements to excessive transportation costs, revealing how consumerism encourages unnecessary expenses that make financial freedom seem out of reach. By plugging these financial leaks, it's possible to live comfortably on far less while enjoying a higher quality of life.
Read along with the original article(s) here: http://earlyretirementextreme.com/your-budget-is-like-sinking-ship.html
Quotes to ponder:
"Most of the waste is, however, on leaks and quantity; not quality."
"Every activity must be bleeding money. Perhaps this explains the common misconception that spending less means 'not really living' or 'living deprived' or 'having a lower standard.'"
"How can anyone enjoy the journey when having to deal with the problem of running the bilge pump all the time? Why not take care of the leaks?"
Episode references:
Investopedia - Consumerism: https://www.investopedia.com/terms/c/consumerism.asp
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