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Optimal Finance Daily - Financial Independence and Money Advice

1711: The Thought Process of a Frugal Mind by Chelsea of Smart Money Mamas on Minimalism & Frugality

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 15 November 2021

⏱️ 10 minutes

🧾️ Download transcript

Summary

Chelsea Brennan of Smart Money Mamas shares the thought process of a frugal mind Episode 1711: The Thought Process of a Frugal Mind by Chelsea of Smart Money Mamas on Minimalism & Frugality Chelsea Brennan is a hedge fund investor turned online entrepreneur that helps moms make their money work for them and embrace their ambitions, so they can live their fullest lives. The original post can be found here: https://smartmoneymamas.com/thought-process-frugal-mind/ 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

It's a minimalist Monday edition of Optimal Finance Daily, episode 1711, the thought process

0:06.8

of a frugal mind by Chelsea of SmartMoneyMamas.com.

0:11.6

And I'm your host and personal finance enthusiast, Diana Mariam.

0:16.0

Now let's get right to today's post as we continue to optimize your life.

0:24.5

The thought process of a frugal mind by Chelsea of SmartMoneyMamas.com

0:31.0

Think frugal living is just for unhappy cheap skates?

0:34.4

Heck no.

0:35.4

Being frugal is for anyone who wants to reach their money goals while still spending on

0:39.6

the things that matter to them.

0:41.8

To be frugal and save money, you don't have to reuse paper towels, skip flushing the toilet,

0:47.9

ew, or eat ramen noodles.

0:50.9

You just have to spend more thoughtfully.

0:53.4

Today, I'm going to share the decision making process that helped my husband and me learn

0:57.8

how to be frugal.

0:59.4

It took some getting used to, but we love the options and freedom it gives us.

1:04.9

What does it mean to be frugal?

1:07.7

Frugal living is an empowering thing.

1:10.6

Practice thoughtfully, it isn't meant to represent a life of deprivation or unhappiness.

1:16.0

It certainly doesn't mean you never spend money or have to become a total cheap skate.

1:21.3

Being frugal is about optimizing the balance between cost and happiness.

1:26.3

Our society encourages quick, constant spending.

1:30.3

It's what makes the economic world go round.

...

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