Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now, while building a plan for financial freedom in 10 years or less.

Today's show features the discussion on the freedom of frugality.

In the most recent two episodes of radical personal finance I've talked extensively

about living rich, I've talked about about living rich.

I've talked about issuing frugality.

I've talked about focusing on how money

is something that is ultimately renewable,

but time is not.

So I want to balance those shows

with a discussion on the value of frugality

and what I would say, the freedom of frugality.

We're going to begin with a thought experiment. Here it goes. Let's pretend

that you are enrolled in a to receive a monthly check for $10,000.

Call it a UBI payment, right, universal basic income payment.

UBI is increasingly a point of conversation in our modern world, currently mostly associated

with a liberal set of ideas.

The idea is that, hey, the government should pay everyone a basic income so that everyone can at least

have some kind of living wage that they could live on and that would free them up

usually consider to be a liberal idea in the current political climate but not

necessarily there been libertarians for

decades who've been arguing for UBI so let's just assume it's UBI and let's pretend

for the sake of my little thought experiment that you actually trust it you

...