2687: I Used To Be Afraid Of Money, But Things Have Changed by Liz of Frugalwoods

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 11 April 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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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 2687: Liz's transformation from money fear to financial savvy underscores a powerful journey of overcoming financial anxiety. Through a candid account on Frugalwoods.com, Liz shares how eschewing debt, embracing frugality, and educating herself on personal finance turned her dread into confidence. This tale isn't just about saving pennies; it's a roadmap for anyone looking to wield money as a tool for life, rather than a source of fear. Read along with the original article(s) here: https://www.frugalwoods.com/2015/06/02/i-used-to-be-afraid-of-money-but-things-have-changed/ Quotes to ponder: "I used to be afraid of money. Not in the sense that I thought it was going to jump out of a dark alley at me, more in the vein of fearing the unknown." "I’m forced to confess that I was cheap-stupidly cheap and a far cry from strategically frugal." "Money is only a tool, it will take you wherever you wish, but it won’t replace you as the driver." Episode references: Personal Finance For Dummies: https://a.co/d/cAMarbU Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:34.0	USPS Ground Advantage.
0:36.0	Simple, affordable, reliable.
0:39.0	This is Optimal Finance daily episode 2687.
0:44.0	I used to be afraid of money, but things have changed
0:47.0	by Liz of frugalwoods.com
0:50.0	and I'm your host and personal finance enthusiast, Diana Merriam.
0:54.0	We're going to get right to it as we optimize your life.
0:58.0	I used to be afraid of money, things have changed by Liz of frugalwoods.com
1:07.0	I used to be afraid of money not in the sense that I thought it was going to jump out of a dark alley at me, more in the
1:14.0	vein of fearing the unknown.
1:16.8	Debt terrified me to such an extent that I didn't even have a credit card until I
1:20.4	was 23. Everything related to finance seemed cryptic and complicated to me and I wasn't sure what to do with money.
1:28.0	And so I saved it. Saving money isn't the worst default position and I suppose it was smart to an
1:35.5	extent the problem is that I was saving from a place of fear not a place of strength
1:40.4	I couldn't spend money. I felt as though I couldn't ever spend anything
	...

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