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Optimal Finance Daily - Financial Independence and Money Advice

1215: If You Want To Be Bad, Follow A Good Spending Ratio by Sam of Financial Samurai on Getting To Financial Freedom

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.51.3K Ratings

🗓️ 7 July 2020

⏱️ 7 minutes

🧾️ Download transcript

Summary

Sam of Financial Samurai shares if you want to be bad, follow a good spending ratio. Episode 1215: If You Want To Be Bad, Follow A Good Spending Ratio by Sam of Financial Samurai on Getting To Financial Freedom Sam Dogen's net worth took a beating in 2009 as the world was falling apart. He thought it would be a good idea to start a personal finance site to help himself and others make sense of chaos. After all, he had spent 10 years working in the finance industry, got his MBA from Cal, invested and saved aggressively, and still got financially rocked! Since then, more than 20 million visitors have stopped by FinancialSamurai.com. The original post is located here: https://www.financialsamurai.com/if-you-want-to-be-bad-follow-a-good-spending-ratio/ 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 episode 1215.

0:03.6

If you want to be bad, follow a good spending ratio

0:07.0

by Sam of financial samurai.com.

0:10.0

And I'm Dan reading you the best personal finance blogs on the web each and every day.

0:15.4

We put those great blogs into audio form for you.

0:18.9

And if you enjoy this crazy idea of reading blogs to you for free, It'd be great if you could share this

0:23.6

podcast with somebody today. You can simply email them or text them a link to

0:27.6

old podcast.com or even better if you're able to subscribe them to the

0:31.8

podcast right there on their

0:33.1

smartphone. It's a really big help to keep this show going and growing. But I'll

0:37.8

keep this intro nice and short for you, so for now let's hear today's post as

0:41.7

we start optimizing your life.

0:44.0

If you want to be bad, follow a good spending ratio by Sam of Financial samurai.com.

0:55.2

I have trouble spending money on things I don't need because I value the freedom that money

0:59.5

buys.

1:00.8

After enjoying complete financial freedom for the last four years, I never want to be forced to go back to work for money again.

1:07.0

Once you have financial freedom shooting through your veins, you'll do anything to keep the high going.

1:13.0

At the same time, I struggle finding a proper balance between my earnings and my spending.

1:18.0

To earn money is why we wake up at 5 a.m. commute in painful rush hour traffic, tolerate micromanagers, work 80 hours a week, start a

1:26.7

business, ignore our spouses, neglect our kids, and do all sorts of other selfish things.

1:32.0

Thus, if we sacrifice so much,

1:35.0

surely we are entitled to spend a portion of our earnings on things we don't need.

...

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