This episode is all about stories. You're going to hear different stories from both my partner James as well as myself about how do you overcome the scarcity mindset?

Because a lot of people are good savers and that's what has put you in a position where you can retire.

But switching to become a spender isn't that easy. No matter how many graphs or Monte Carlo analyses you run or probability of success,

it's, hey, why is it, no matter what I look at financially, I still have this feeling of I might run out.

And so we talk about what's the mindset and give you some stories that hopefully will help you out.

Enjoy. There's a story I like to tell, Ari, where I was meeting with a client who had done

really well. Both husband and wife had run successful businesses, sold the business, great people,

good amount of money, eight figure portfolio. And we met. And we went through some projections that said,

look, you can live a pretty great retirement if you want and still probably have a lot more money left at the end of your lifetime at this current rate of spending than you have today, which by the way, today is a lot of money. And they're blown away. And they said, oh my goodness, we can spend so much more. Look at these things we can do. I had no idea. This is awesome. And in their minds, it's all these cool things we can do is now what they're thinking about. And we had this meeting. They were in Northern California. I was in Southern California in San Diego. And so we had this meeting virtually. But they happened to be in San Diego, I think it was a week after, a couple weeks after. And so we got lunch, maybe a week after this meeting. And we're at lunch, and they shared a story.

I said, hey, I think it was a week after, a couple weeks after. And so we got lunch, maybe a week after this meeting.

And we were at lunch and they shared a story. I said, hey, James, you walked us through these projections.

And we left that meeting high-fiving. So excited. Look at all these cool things we can do.

Then we took this trip down to San Diego and we were walking back to our hotel room and we just had dinner and we're getting

to the hotel room and there's of course the treat box. You know, there's the water bottles and

the candy and the stuff and I was really feeling, he said, I was really feeling like having some

M&Ms. And I went to that hotel snack box and those M&Ms were $5. And I just could not bring myself to spend $5.

So I walked out of the hotel down the street. I don't even know how far to the nearest 7-Eleven

so I could spend $2 on a bag of M&Ms and then walked back to my hotel room. And he said,

what struck me was you had just finished telling us that we could legitimately

spend an extra six plus figures every single year and be good forever.

But here I was unable to spend $5 on a bag of M&Ms because the sticker price, there was

something that inside of me revolted

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