1751: [Part 1] How to Create Sustainable Money Habits by Liz of FrugalWoods on Personal Finance Routines

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 25 December 2021

⏱️ 13 minutes

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Summary

Liz of Frugalwoods shares how to create sustainable money habits. This is part 1 of 2. Episode 1751: [Part 1] How to Create Sustainable Money Habits by Liz of FrugalWoods on Personal Finance Routines The Frugalwoods are ex-urban, rookie homesteaders finding contentment (and a lot of chores) on 66 acres in rural central Vermont along with their two young daughters. They write about a wide range of topics, including their experience as parents, their adventures as novice homesteaders, and the financial decisions that made their life possible. Their philosophy is that managing your money wisely enables you to pursue unusual aspirations and opens up a world of options for how to live your life. Through the application of frugality–coupled with good incomes and judicious financial management–they have created a life that they love living every single day. It’s not a life beholden to consumerism or the drive for material perfection or the incessant clarion call for more. The original post is located here: https://www.frugalwoods.com/2020/01/31/how-to-create-sustainable-money-habits/ 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 1751, how to create sustainable money habits,
0:07.0	Part 1, by Liz of Frugalwoods.com, and I'm your host and personal finance enthusiast, Diana
0:13.8	Mariam. Mary, Christmas to you if you're celebrating and listening in real time,
0:18.7	this is the podcast where I serenade you with the sweet sounds of personal finance knowledge
0:24.4	from some of the best blogs on the planet, with the author's permission of course,
0:29.4	and I have a bit of a longer post today. I'll read the first half today and then finish
0:34.4	the rest tomorrow. So with that, let's get right to Part 1 as we optimize your life.
0:44.4	How to Create Sustainable Money Habits Part 1, by Liz of Frugalwoods.com
0:51.4	Today's goal, make it easy to do the right thing with your money. A major focus of this challenge
0:58.2	is in shrining healthy money habits for the long term. It's not good enough to do good with
1:03.8	your money one month. You've got to do good with your money all the months. That's the only route
1:10.0	to true improvement. Frugality can become your default and you can train yourself to do the right
1:16.3	thing with your money. It's about establishing habits that are easy to follow and that remove
1:22.0	paralysis by analysis. I live my life according to habits and routines, because without them,
1:29.0	I'd be running around the house with baby socks flying out of the laundry hamper,
1:33.6	braiding one kid's hair while the other kid eats peanut butter off dirty plates in the dishwasher.
1:39.2	Just kidding, that happens anyway, but at least I have a routine for it.
1:43.8	Routines for schedules for money for life.
1:48.2	Listen routine haters. The routine routinely saves my bacon. If it's not for you, I get it.
1:55.7	But if you think it might possibly maybe be for you, hear me out.
2:00.6	Routines create automatic pathways for how we live our lives. We can follow positive routines
2:07.3	or negative routines. Science has proven this.
	...

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