1129: [Part 2] Personal Finance Is Personal: Why We Shouldn't Judge Others by Nick True of Mapped Out Money

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

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🗓️ 12 April 2020

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nick True of Mapped Out Money shares why personal finance is personal. This is part 2 of 2. Episode 1129: [Part 2] Personal Finance Is Personal: Why We Shouldn't Judge Others by Nick True of Mapped Out Money Nick True is the founder of Mapped Out Money, where he helps you get a grip on your finances and take hold of freedom. His goal is to help you save more, live more, reduce debt, and get free. Mapped Out Money is for you if you want actionable steps to help get control of your money, you want to be free from money stress, you're ready to change your life and use money to support your dreams, and you don't want to settle for mediocrity. The original post is located here: https://mappedoutmoney.com/personal-finance-personal-dont-judge/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily.
0:02.0	Episode 1129. Personal finance is personal.
0:05.0	Why We Shouldn't Judge Others.
0:07.0	Part 2
0:08.0	by Nick True of mapped-out money.
0:10.0	And I'm your host and narrator of the show. My name is Dan and I am here every day reading to you from some of the best personal finance blogs on the planet.
0:19.0	Today's post is from Nick True, and if you have any topic requests for us or an author you'd like us to reach
0:25.2	out to and see if we can read their content, share those ideas with us please at old podcast.com, that's
0:31.0	OLD Podcast.com. Now today's post is actually a continuation from yesterday.
0:37.0	So if you're new here, you might want to listen to yesterday's episode first.
0:41.0	That's episode 1128. But if you are all caught up, let's hear part 2 as we continue
0:46.6	optimizing your life. Personal finance is Personal is Personal.
0:54.0	Why we shouldn't judge others. Part 2, by Nick True of mapped out money.com.
1:00.0	Recognize the problem is deeper. The first problem is that most people have a
1:05.0	misconception of money. They assume that everyone has the same needs, wants, desires,
1:10.3	etc. They assume that everyone wants a new car and a big house, an iPhone, cable
1:15.0	TV, and a beach vacation every year. And if you deviate from that at all, well then
1:19.8	you're just cheap. These people don't understand the idea of being extremely tight on some things
1:25.2	so that you can spend a lot on others. For example, Hannah and I don't really care for nice cell phones,
1:30.6	so we pay $25 per month total for our cell phones. This saves us close to a thousand dollars a year compared to the average cell phone bill.
1:38.0	We also just bought a dog a few weeks ago for a thousand dollars. Now most people would think that's insane, but it
1:44.6	was extremely important to us that we get a very specific breed. To us it was worth it.
	...

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