3123: The Key To Happiness Is Saving More Not Making More Money by Sam Dogen of Financial Samurai

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 27 April 2025

⏱️ 12 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 3123: Sam from Financial Samurai argues that true happiness stems more from how much we save than how much we earn. Backed by compelling survey data and personal anecdotes, he illustrates how saving creates peace of mind, freedom, and long-term satisfaction, far outweighing the temporary highs of spending or earning more. Read along with the original article(s) here: https://www.financialsamurai.com/they-key-to-happiness-is-saving-more-not-making-more-money/ Quotes to ponder: "The more you save, the more likely you are to be happy." "Saving money affects happiness MORE than how much you earn." "There is no happiness plateau with saving money in the survey because savings gives people peace of mind, pride, and independence." Episode references: Healing Back Pain by Dr. John Sarno: https://www.amazon.com/Healing-Back-Pain-Mind-Body-Connection/dp/0446392308 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:31.1	Amazon offers term time working to their employees, like Anton,
0:35.7	who's home to look after his daughters during their holidays.
0:40.3	Hello!
0:41.3	To him, this is the best sound in the world.
0:43.3	Daddy!
0:47.3	Actually, maybe that's the best sound of all.
0:51.3	Now that's term time working.
0:53.3	Offered at Amazon. Ten weeks off guaranteed per year.
0:57.3	Mix of paid holiday and unpaid time off. Conditions apply. This is Optimal Finance Daily. The key to
1:04.0	happiness is saving more, not making more money. By Sam of Financial Samurai.com. We've discussed the curiosity of financial hoarding, as well as one way in which to eradicate the disease by revealing our desires for public shaming.
1:20.6	If we feel ashamed, we simply don't spend as much money.
1:23.6	Some folks found it a little strange that I find delight in getting judged for having
1:28.8	spending desires. After all, we should keep our thoughts pure in order to reach salvation. The truth of
1:35.4	the matter is that my love for saving money almost always trumps whatever negativity or difficulty
1:41.2	I've got to endure to save more. The pain of working 14-hour days in my 20s
1:46.4	was no match for the joy of having more savings in the bank. The delight of making active income
1:52.7	keeps me engaged in retirement for two to four hours a day, despite generating enough
1:57.8	livable passive income to not have to work.
2:05.5	Each comment I get about being wasteful for even thinking about spending money on a new vehicle or a watch makes me happier because it reinforces my desire to save more in order to save
	...

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