How to Use Today's Economic Uncertainty to Get Closer to Your Dream Life

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 4 June 2025

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

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Summary

The economic uncertainty of March 2020 inspired me to think about what I really wanted to do with my life—and Money with Katie was born. Now in the midst of another bout of uncertainty, I wanted to cover the fundamentals of financial planning and the flexibility that can unlock for you to get closer to your dream life. I invited investing educator Amanda Holden (aka Dumpster Doggy) to talk about the slow-but-necessary process of unlocking golden handcuffs and pursuing financial freedom while preserving the parts of yourself that matter most. Transcripts, show notes, production credits, and more can be found at: ⁠⁠⁠https://moneywithkatie.com/dream-life. — 📙 ⁠⁠⁠Preorder your copy⁠⁠⁠ of Rich Girl Nation (out 6/10), and receive 3 free book bonuses! Money with Katie’s mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Last year, Amazon was the world's largest corporate buyer of renewable energy.
0:07.0	Seeing all and more of our energy comes from wind farms like this one.
0:14.0	Guys, what happened to recording that a solar bomb?
0:18.0	To learn more, visit about Amazon.com.
0:24.4	At UK forward slash sustainability.
0:32.0	I know a lot of people right now in this moment feel like they have to break a part of themselves to work a
0:38.8	corporate job. And it's not just our fun-loving, imaginative, childlike selves, but also our
0:46.2	virtuous selves and ourselves that crave freedom and movement and thought. And so I do think
0:53.0	that it will forever and always be about striking the right
0:56.2	balance. And this is something that is going to move in waves for all of us. Like you said, we need
1:02.6	enough money to live free from daily economic anxiety. And if you are in that camp, I feel for you
1:08.5	and I believe that you're doing your best. But then on the other end, it's about not becoming so attached to the material that you are unable to live your truest life.
1:19.7	A recurring theme has woven its way through our episodes this year.
1:24.2	It started with Catherine Edwards noting that the real risk of a recession for
1:29.8	most folks is job loss, an effect that's felt acutely by a relatively small portion of the
1:35.3	population, the rest of whom, those who retain employment and therefore income, go more or less
1:41.5	unscathed. Then the subject appeared again in my conversation two weeks ago with J.L. Collins,
1:47.0	who noted that during a couple turbulent economic periods of the early aughts,
1:52.0	he was out of work for months, sometimes years.
1:56.0	And this is a surprising reality for a man who we can assume is a millionaire many times over,
2:01.6	thanks to his lifelong 50% savings rate.
2:04.6	Typically, we don't associate those who achieve top 1% wealth with long periods of unemployment.
	...

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