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Optimal Finance Daily - Financial Independence and Money Advice

2940: Get Rich With: Profitable Leisure Time by Mr. Money Mustache on Financial Freedom & F.I.R.E

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.51.3K Ratings

🗓️ 18 November 2024

⏱️ 9 minutes

🧾️ Download transcript

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 2940: Mr. Money Mustache explores how to enjoy leisure time without excessive spending by embracing fulfilling, low-cost activities. By valuing local, sustainable hobbies and even money-making pastimes, he demonstrates how redefining leisure can create both personal satisfaction and financial freedom. Read along with the original article(s) here: https://www.mrmoneymustache.com/2011/05/05/get-rich-with-profitable-leisure-time/ Quotes to ponder: "Leisure represents the freedom to do things that make you happy." "When you are not at work, you need to do SOMETHING with your time. The possibilities are endless." "Make your own leisure list including the feeling of waking up on a Monday morning and realizing you don’t have to go to work unless you want to." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Using my Berkeley Card Forward Credit Card to pay for the stuff I need now

0:03.2

could help build up my credit school for the day I need something bigger.

0:06.5

So buying a set of headphones, or waits for my workout, smashed it.

0:11.4

Could help in the future when I want to rent my first flat share.

0:15.4

Now that's forward thinking. Check if you're eligible at barclaycard.cote.

0:20.4

33.9% APR representative variables subject

0:23.2

to application financial circumstances in borrowing history, T's and Cs apply. Responsible

0:27.3

use of a credit card can help build your credit score when you pay on time. This is Optimal Finance

0:32.0

Daily. Get Rich with Profitable Leisure Time by Mr. Money Mustash of Mr. Money Mustash.com. Here at Mr. Money Mustash,

0:43.3

the word leisure seems to come up quite a bit. This is not only because it's a classic and

0:49.2

amusing old-fashioned word, much like fancy, but also because it's at the core of what we're promoting.

0:57.0

It represents the freedom to do things that make you happy. But in our rich society,

1:03.2

leisure time has become confusingly mixed with massive spending, partly because it's a natural

1:09.6

human instinct to show off one's power and wealth,

1:13.5

and partly because millions of clever companies are advertising to us every day that we need to

1:20.0

buy their products in order to enjoy leisure time. So let's break it down logically. When you're

1:26.7

not at work, you need to do something with your time.

1:30.2

The possibilities are endless. You can eat and sleep and watch TV, which are very low-cost activities,

1:37.4

but they can be depressing in large doses. So many higher-achieving people take it up a notch and actually get off the couch. They hop into their

1:47.2

cars and head out to the shopping mall, the restaurant, the golf course, or the ski resort. Some hitch

1:54.6

the powerboat or the trailer full of ATVs to the back of their full-size pickup and head for the lake or the mountains.

2:02.6

The added challenge of any of these activities over watching TV is invigorating, and it helps to make these people happy.

...

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