3147: Get Rich With: the ChaCHING Instinct by Mr. Money Mustache on Financial Independence

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 18 May 2025

⏱️ 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 3147: Mr. Money Mustache explains how developing a “ChaCHING!” instinct, feeling rewarded by not spending money, can radically shift your financial trajectory and mindset. By training yourself to see each avoided purchase as a small win, you increase both your wealth and your freedom without relying on deprivation or strict budgets. Read along with the original article(s) here: https://www.mrmoneymustache.com/2013/06/04/get-rich-with-the-chaching-instinct/ Quotes to ponder: "I just avoided a purchase, and I am richer because of it. Cha-CHING!!" "Every time you don’t spend unnecessary money, you have won a little game." "Your safety margin and independence in life just grew a little bit, and the entire rest of your life will now be better because of it." Episode references: The Marshmallow Test: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:53.4	Get Rich with the Chiching Instinct by Mr. Money Mustash of
0:57.7	Mr. Money Mustash.com. Ah, delayed gratification. It's one of the defining advantages of humanity
1:05.6	itself, the ability to put off immediate pleasure for the purpose of getting even better results in the future.
1:13.6	Compared to lower animals or insects, we've got this ability locked down.
1:18.6	Leave a dog in a room with a piece of tasty meat and a chart showing that dogs earn a 20,000% annual return for any meat left uneaten,
1:30.5	and the dog will still choose not to invest.
1:37.6	But while most of us can outstratage our pets, we humans still vary wildly in our ability to set aside resources for the future. This difference in abilities starts to show itself very early in
1:43.7	life.
1:49.4	My favorite example of this is a famous old psychological study that looked at young children,
1:53.3	offering them one cookie now or several cookies in a few minutes.
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