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This is Optimal Finance Daily, episode 418.

The Three Methods of Finance,

When Enough Is Enough.

By Jacob Lundfisker of Early Retirement Extreme. com. And I am your narrator Dan, I'm here every weekday reading to you from some of the best personal finance blogs on the planet.

And before we hear today's post, if you want to show some support for this podcast, come by Old Podcast.com slash support where you'll find a bunch of ways

that we have posted that you can help out both financially and otherwise and anything

listed there would be greatly appreciated.

But for now let's hear today's post as we optimize your life.

The three methods of finance, when enough is enough, by Jacob Lundfisker of Early Retirement Extreme.com.

There are three methods of paying for stuff. Some work and pay as they go. Some borrow and pay interest, and others live off the interest. I will try to make this as simple as possible.

The three ways look like this. Number one, you can pay as you go.

You save money and then you spend it.

If you don't have the money, you can't afford it, and if you can't afford it, you don't buy it.

For example, if you save $1,200,

you spend it on something that costs $1,200.

This could be a recurring cost of $1,200 per year

or $100 per month.

...