2678: Budgets Suck. Do This Instead by FIRECracker of Millennial Revolution on Personal Financial Habits

Optimal Health Daily - Fitness and Nutrition

Optimal Living Daily LLC

Fitness, Health & Fitness, Nutrition

4.4 • 671 Ratings

🗓️ 25 August 2024

⏱️ 11 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2678: FIRECracker of Millennial-Revolution.com challenges conventional budgeting by advocating for a personalized approach. By identifying and prioritizing your top three values, you can allocate money towards what truly matters to you, rather than conforming to restrictive spending limits that can undermine your happiness and financial independence. Read along with the original article(s) here: https://www.millennial-revolution.com/build/budgets-suck-instead/ Quotes to ponder: "Budgets tend to look at all your spending and try to force you to ruthlessly cut back on everything. But what they don’t do is EMPOWER you." "What you’ve just written down are your top three VALUES. These are what you SHOULD be spending money on." "Everyone’s path to Financial Independence is unique, and uniquely their own. So figure out your values, and fill that jar your way, with your own rocks, and screw what anyone else thinks." Episode references: Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 Mr. Money Mustache: https://www.mrmoneymustache.com/ Budgets Are Sexy: https://www.budgetsaresexy.com/ Frugalwoods: https://www.frugalwoods.com/ The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Health Daily. Budgets suck. Do this instead by Firecracker of millennial-dashrevolution.com.
0:09.1	And I'm Dr. Neil Malik. Hey there and welcome to another bonus Sunday episode where I share an article
0:14.8	from one of the other podcasts in our network. Today's post comes from Optimal Finance Daily,
0:20.1	where articles covering all types of
0:22.1	information on personal finance are read to you every day. You could follow or subscribe to
0:27.2	Optimal Finance Daily wherever you're hearing this. Now with that, here's Diana with the
0:32.2	post and commentary as we optimize your life.
0:41.6	Budgets suck. Do this instead.
0:45.3	By Firecracker of millennial-revolution.com.
0:47.9	There, I set it.
0:50.1	And now as I dive under the covers to hide from the combined fury wrath
0:52.6	of Mr. Money Mustache,
0:53.9	budgets are sexy, and Mrs. Frugal Woods.
0:56.7	Let me tell you why. Now, you're probably thinking, what the hell are you talking about,
1:01.2	Firecracker? I'm clearly full of, considering how often I wax poetic about my budgeting spreadsheets
1:07.6	and those sexy, sexy Southeast Asian prices. But hear me out. The reason why I say
1:13.6	budgets suck is because they just don't work. Sure, weirdos like me will get off on tracking
1:19.7	every dollar spent and fawn over frequent flyer miles. But for most people, budgets are as fun as
1:26.0	getting a fire ant enema. This is because for regular non-crazy people, budgets are as fun as getting a fire ant enema.
1:32.9	This is because for regular non-crazy people, budgets can feel like straight jackets.
1:39.0	And even though I think too much freedom can be bad for you, too little freedom is even worse.
1:40.4	Let me explain.
	...

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