Upgrading Your Lifestyle: Realistic, Targeted Financial Goal-Setting

The Money with Katie Show

Money with Katie

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

4.8 • 1.3K Ratings

🗓️ 25 January 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

This 20-minute rundown is about an (accidental) three-year study I ran on myself. Back in 2020, I was subjected to hours of content encouraging me to use the “great pause” of a global panini to reassess my entire life. Challenge accepted. At the time, I wrote one of my very first blog posts for a fledgling Money with Katie site, describing all the ways I’d like to level up my lifestyle—the little ways money could buy happiness. I revisited this exercise from my 2023 vantage point and had two major realizations: For starters, most of it came true. Some of it felt the way I thought it would…but a lot of it didn’t. So how can we set financial goals in a way that’ll actually produce the desired feelings we’re striving for? Tune in to find out. Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie Transcripts can be found at podcast.moneywithkatie.com. — Mentioned in the Episode Getting Clear on Your Lifestyle Upgrade: https://moneywithkatie.com/blog/getting-clear-on-the-lifestyle-upgrade Life is a Picture, But You Live in a Pixel: https://waitbutwhy.com/2013/11/life-is-picture-but-you-live-in-pixel.html How to Balance Money & Friendships: https://podcast.moneywithkatie.com/money-friendships-and-quality-of-life-spending-on-high-roi-activities-experiences/ — Follow Along at Money with Katie: https://moneywithkatie.com/ Watch on YouTube: https://www.youtube.com/@MoneywithKatie Follow Money with Katie! - Instagram: https://www.instagram.com/moneywithkatie/ - Twitter: https://twitter.com/moneywithkatie Subscribe to The Money with Katie Newsletter - Sign up for free today: https://www.morningbrew.com/money-with-katie/subscribe/2 Follow the Brew! - Instagram: https://www.instagram.com/morningbrew/ - Twitter: https://twitter.com/MorningBrew - TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Can money buy happiness?
0:03.3	Well, I basically did a three-year study on this unintentionally, and here's what I found.
0:17.3	Welcome back to the Money with Katie Show Rich People.
0:19.6	I'm your host, Katie Gattie Tossan.
0:22.0	Today, we're talking about some of the small lifestyle level-ups money can buy that often
0:27.6	do lead to greater happiness, or what I like to call lifestyle upgrades in the long run,
0:33.1	and how to identify them in your own life.
0:35.5	We'll also cover where this approach falls short, and where you may be trying to buy
0:40.3	a feeling that you can just get for free.
0:55.7	Every so often, when I'm working on new material, I go back to read stuff that I wrote years
1:00.2	ago to see if my perspective has a shifted at all, and it's always a trip.
1:06.7	In doing some poking around recently, I found this post from 2020 that seemed, well,
1:13.4	oddly prescient, and you'll see why.
1:16.4	At the time, I was trying to get clear on what I actually wanted for my life.
1:21.7	This was the very romanticized phase of the panorama.
1:25.8	People online were referring to it as like the Great Puzz.
1:29.0	And my type I asked was like, well, that means I need to take advantage of this time to
1:32.7	make some meaningful change.
1:36.3	Enter the financial Monday Wednesday exercise.
1:41.3	The Monday Wednesday is a philosophy that I have shamelessly co-opted from Tim Urban
1:45.9	of Wait But Why Fame.
1:48.1	I originally discovered it in his 2013 blog post called Life Is a Picture, but you live
	...

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