2805: If You Work Your Whole Life, You're Doing It Wrong by Chris Reining on Financial Independence

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 23 July 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 2805: Chris Reining shares a powerful reflection on financial freedom and purposeful living. He discusses how shifting from a mindset of earning to consume to earning to invest in what truly matters can transform your life. Reining emphasizes designing a life filled with meaningful experiences rather than material possessions, inspired by personal anecdotes and insights from thought leaders like Bronnie Ware and Ryan Holiday. Read along with the original article(s) here: https://chrisreining.com/3-retirement-options/ Quotes to ponder: "I wish I’d had the courage to live a life true to myself, not the life others expect of me." "It’s easy to slip into a lifestyle where we work to earn, and earn to consume." "You can design your life to make sure you have the freedom to pursue what’s important to you." Episode references: Bronnie Ware's Regrets of the Dying: https://bronnieware.com/regrets-of-the-dying The 4-Hour Workweek: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily. If you work your whole life, you're doing it wrong.
0:06.0	By Chris Reining of Chris Reining.com, and I'm your host and personal finance enthusiasts, Diana Merriam. We're going to get right to today's
0:15.3	post and start optimizing your life. If you work your whole life, you're doing it wrong.
0:25.0	By Chris Rining of Chris Rining.com
0:29.0	I thought it was normal to hide in the back of a station wagon
0:32.0	when my dad checked into a motel.
0:35.4	Growing up, the biggest vacation we took was to Disney World. We drove to Florida from
0:41.2	Illinois and to save money he'd reserve a room with two
0:44.8	double beds for two people. After he got the key, me and my two sisters would sneak
0:50.4	into the room so the manager wouldn't see us.
0:53.6	We'd pack a sleeping bag and one of us would sleep on the floor.
0:57.8	I didn't feel poor as a kid, but in my early 20s
1:00.9	I started realizing some people spent money way differently than I was
1:04.8	taught like a buddy who'd spend a hundred dollars buying women shots or my
1:10.4	coworker who got a new luxury car every couple of years.
1:14.7	I thought they were stupid, but it wasn't long before I bought a BMW,
1:19.6	dropped $200,000 on a condo, and started a new hobby flying airplanes. I get emails all the time from people like
1:28.1	Karen. She wrote, quote, I was going through a rough patch at work and feeling unhappy with where I found myself.
1:36.4	More like put myself. I'm smart. I went to college, have zero debt,
1:41.5	have a really great well-paying job and sincerely felt this is it this can't be it is this
1:48.6	really how I want to spend the next 30 years end quote it's easy to slip into a lifestyle where we work to earn and earn to
1:57.8	consume. I did this and while it's nice to have nice things, eventually more stuff doesn't really make you any happier.
	...

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