1449: Enjoying Paying for Value by Tynan on Frugality & The Abundance Mindset

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 26 February 2021

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tynan talks about enjoying paying for value. Episode 1449: Enjoying Paying for Value by Tynan on Frugality & The Abundance Mindset 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/payforvalue Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group 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 1449.
0:04.0	Enjoy paying for value by Tynan of Tynan.com.
0:09.0	And I'm your host and personal finance enthusiast, Diana Mariam.
0:13.4	This is the show where I serenade you with the sweet sounds of personal finance knowledge
0:18.1	from some of the best blogs on the planet, with the author's permission of course.
0:22.9	For now, let's get to today's post as we optimize your life.
0:30.8	Enjoying paying for value by Tynan of Tynan.com
0:36.8	Beginning around high school, one of my major core values was paying the least possible
0:41.3	amount for everything. I was always trying to figure out how to get things for massive discounts
0:46.0	or to orchestrate some complex trades so that it got whatever I wanted for free in the end.
0:51.2	I got so good at it that my first real income producing business was in high school
0:56.0	when I was buying and selling palm pilots and apple newtons.
1:00.4	I started that business with a purchase of a $70 newton and never invested more outside money
1:05.6	into it. Being frugal can be good. At its best, being frugal is the practice of deciding whether
1:12.1	you actually need something or not, whether it will be worth it to you and carefully stewarding
1:17.4	your money. Most people should probably be more frugal. Over time, however, I realized that my
1:24.0	frugality had turned into something different. I felt as though I didn't win unless someone else
1:29.6	lost. When I went to a buffet, it was important to me that I ate so much that the casino lost money on
1:36.0	me. Either I was the sucker or they were the sucker and I didn't want it to be me.
1:41.2	One of the best things at the Bellagio buffet was the Pesto mashed potatoes, but I would only
1:46.8	allow myself tiny amounts of them because I didn't want to fill up on cheap potatoes.
1:52.1	My business immediately after the newton trading business was professional gambling,
	...

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