3585: How to Save Money by Spending Money on Yourself (No, Really) by Charlie Johnson with Jackie Beck

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 6 June 2026

⏱️ 10 minutes

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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 3585: Charlie Johnson shares a counterintuitive approach to saving money: spend intentionally on the few things that genuinely increase your happiness while cutting back aggressively on everything else. By identifying and prioritizing the expenses that matter most, he explains how this strategy helped him eliminate $25,000 in credit card debt while enjoying life more along the way. Read along with the original article(s) here: https://www.jackiebeck.com/how-to-save-money-by-spending-on-yourself-no-really/ Quotes to ponder: "I was spending tons of money on things I didn’t care about." "As long as I continued to spend money on the things that made me happy, I could enjoy life and save money." "The goal is to spend on the few things that matter the most to you and save your money on the many things that don’t." Episode references: Starbucks: https://www.starbucks.com Netflix: https://www.netflix.com The Pareto Principle (80/20 Rule): https://en.wikipedia.org/wiki/Pareto_principle Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, it's Justin from Optimal Living Daily. Before we start, I want to share a super powerful practice I use called
0:05.7	NSDR, or non-sleep, deep rest. In just about 10 minutes or so, this yoga nidra practice
0:11.6	leaves you feeling as refreshed as after a nap without actually sleeping. Experience it for yourself
0:18.5	on our guided podcast. Search NSDR and look for the one from Optimal Living Daily.
0:26.2	This is Optimal Finance Daily.
0:29.0	How to save money by spending money on yourself.
0:32.1	No really.
0:32.9	By Charlie Johnson with Jackie Beck.com.
0:36.6	I know this sounds strange.
0:38.8	How can you save money by spending money?
0:41.7	If you're rolling your eyes right now or you think this is a joke,
0:44.6	I don't blame you.
0:46.0	But if you move on before hearing this post,
0:48.2	you'll miss out on a powerful method for saving money.
0:51.7	I should know.
0:53.1	I use this method to pay off $25,000 of credit card debt in four
0:57.0	months. In order to do this right, you need to understand how spending and saving impact your debt
1:03.3	freedom journey. Let me explain. I used to lose money by spending on myself. For most of my adult life, I never paid attention to where
1:13.2	my money was going. I'd spend money on all sorts of things that I thought made me happy,
1:18.7	and by the end of the month, I'd have spent more than I earned. Plus, I wasn't any happier than before
1:23.8	all the spending. Then one day, I had a wall. I'd racked up tons of credit card debt
1:29.7	through reckless spending, and my last credit card got declined. I was completely broke. I wanted to
	...

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