1307: Living Frugally and Loving It by Tynan on Frugal Life & Minimalism and Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.5 • 1.3K Ratings

🗓️ 7 October 2020

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tynan shares his thoughts on how to love living a frugal life. Episode 1307: Living Frugally and Loving It by Tynan on Frugal Life & Minimalism and Money Tynan was named as one of the top 25 best bloggers in 2013 by Time Magazine. He believes in making deliberate decisions and breaking away from the herd mentality. He likes learning new things, building habits, exposing the world, connecting with awesome people, and creating good work. The New York Times Bestseller “The Game” featured him as one of the main characters, as he was one of the most famous pickup artists in the world. In 2008, he sold everything he owned and went on an extended world trip, becoming a fervent minimalist. Fun facts: he’s a college dropout, was a professional poker player, Courtney Love was his roommate for 9 months, and he once built a swimming pool in his living room. The original post is located here: http://tynan.com/lovefrugal Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily episode 1307 living frugally and loving it by
0:07.1	Tynan of Tynd and I'm your host and personal finance enthusiast Diana Merriam.
0:14.0	This is the show where I read to you from some of the best blogs on personal finance every
0:18.0	day including weekends and holidays.
0:20.0	And we actually have six shows where we do that covering different topics.
0:24.0	Search for optimal living daily wherever you're hearing this and find all six of our narration style
0:29.7	podcasts. Do you have a personal finance question that you'd like answered here on the show?
0:34.4	Go ahead and email those questions to finance at oled podcast.com and you may be featured on a future episode.
0:42.0	But for now let's get right to it and continue
0:44.9	optimizing your life.
0:47.3	Living Frugally and Loving It by Tainan of Tainan.com
0:56.0	I've talked before about how important it is to live frugally.
1:00.0	A lot of people probably brush it off because it sounds like too great of a sacrifice or not relevant to them,
1:05.9	but I think that's a mistake. It is possible to live frugally and to love it at the same time.
1:11.5	In general, that's a key to how I live my life. I try to figure out what the
1:16.0	empirically correct thing for me to do is, and then I convince myself to love it.
1:20.4	How much money you should be saving is hard to determine. It depends on your age, your
1:25.6	earning ability, and your goals. I'll say this though, there is some way for you to save more
1:30.9	than 50% of your income.
1:33.0	That number is probably shocking,
1:35.0	as most millennials have a negative savings rate.
1:38.0	I'm not saying that you will do it, or even that you should.
	...

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