2524: How to Be Frugal And Live a Good Life by Tynan on Making Mindful Spending Decisions

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

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🗓️ 20 November 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tynan talks about how to be frugal and live a good life. Episode 2524: How to Be Frugal And Live a Good Life by Tynan on Making Mindful Spending Decisions 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/frugal/ 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	At Eon Next, we believe life's better when you know you can get your hands on discounts across a range of home energy solutions, like boilers and solar panels, so you can treat your home to a bit of future proofing. We think that makes energy a little
0:14.5	bit better. And that's why we're always working towards helping you get more out of
0:19.2	your energy. So visit eon next.com today. Discounts available to Decons' customers and 31st of December 2023.
0:26.0	T's and C's eligibility criteria and geographical restrictions apply.
0:30.0	This is Optimal Finance Daily, Episode 2524.
0:35.0	How to be Frugal and Live a Good Life
0:37.6	by Tynon of Tynd.
0:40.2	And I'm your host and personal finance enthusiast Diana Merriam.
0:44.0	Now let's jump right into today's post to start the week as we optimize your life.
0:50.0	How to be Frugal and live a good life by Tynan of Tynan.com
0:59.5	I think the way most people spend money is absolutely nuts. I see people buying things they can't
1:05.5	really afford or things that will have no lasting impact on their lives whatsoever and I
1:10.8	cringe. Be frugal, I want to yell.
1:15.3	On the other hand, there are people who go way out of their way
1:18.3	to save a dollar, even when spending that dollar
1:21.3	would really make their life better or create some lasting memory
1:25.1	that would impact them long after the dollar was gone.
1:28.9	Don't be cheap, be frugal, I want to yell. Maybe a better phrase for frugal, at least the way I think of it, is financially efficient.
1:38.3	And just like most mistakes I see people make, this one stems from not actually thinking about decisions and just going with the flow.
1:45.8	Money should only be spent if you have it, first of all.
1:50.0	Just because everyone has a car doesn't mean that you're somehow entitled to one too.
1:55.0	If you don't have money for a car, don't buy one.
	...

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