1928: Polarizing Purchases by Tynan on Personal Finance Decisions & Frugality

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🗓️ 17 June 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tynan shares his thoughts on polarizing purchases. Episode 1928: Polarizing Purchases by Tynan on Personal Finance Decisions & Frugality 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: https://tynan.com/polarizing 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	Welcome aboard this Air France podcast message. Air France and its crew invite you to discover
0:09.4	its business class cabin, where you can enjoy a full flatbed. For even more comfort, an
0:16.0	ultra soft duvet and pillow are at your disposal. Air France wishes you a pleasant podcast.
0:23.4	Air France is a journey. Air France. Book your business class tickets now at Air France.co.uk.
0:29.4	This is Optimal Finance Daily Episode 1928. Polarizing Purchases by Tynon of Tynon.com.
0:38.4	And I'm your host and personal finance enthusiast, Diana Mariam. Let's jump right into today's
0:45.2	post as we optimize your life. Polarizing Purchases by Tynon of Tynon.com
0:57.2	A new friend asked me how I save money for travel. I get this question a lot in different
1:02.4	forms. How did I buy a Ducati? How can I afford not to work? People assume that because
1:08.8	I don't have a job that I don't work. How do I travel constantly? These questions stab
1:15.3	at the situation but don't quite skewer the meat of the issue. A more useful question
1:21.2	would be how do you manage your finances such that you're able to do whatever you want?
1:27.1	The reason this question is a lot more meaningful is because it takes into account both sides
1:31.8	of the invisible seesaw. People notice things that I spend money on, but it's easy to ignore
1:37.8	the things I don't spend money on. Let's dig into a few.
1:43.2	Number 1. I don't buy clothes. I bought an $89 pair of pants last month, which replaced
1:50.1	the single pair of pants I've owned since 2009. I have two t-shirts and two pairs of underwear.
1:57.5	That's my wardrobe. Years ago I went clothes shopping almost weekly, rarely leaving without
2:03.1	at least $100 worth of clothes, usually Cavali jeans or shirts. Even if you're not
2:10.4	a total idiot like I was, your bottomware budget is probably higher than $44.50 per year.
2:18.8	Number 2. I don't buy alcohol. I'm told that most people spend hundreds of dollars
2:24.0	per month on alcohol. I find that nearly impossible to comprehend, but so many people have corroborated
	...

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