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Episode 3131:
Corey of The Fioneers breaks down how focusing on the “big three” expenses, housing, transportation, and food, can dramatically improve your financial flexibility and fast-track your path to financial independence. With real-life examples and a mindset rooted in value over status, this post illustrates how intentional choices can save thousands annually without feeling like sacrifice.
Read along with the original article(s) here: https://thefioneers.com/reduce-household-expenses/
Quotes to ponder:
"We lack for naught in these three categories. Somehow, we have resisted the urge to keep up with the Joneses."
"Reducing your big expense categories will give you the most freedom and flexibility."
"Saving money has a triple effect on your finances. It not only gives you more money now, but it also provides more capital to invest and decreases the amount you need in investments to sustain your lifestyle long-term."
Episode references:
Pew Social Trends - Suburban Statistics: https://www.pewresearch.org/social-trends/2018/05/22/demographic-and-economic-trends-in-urban-suburban-and-rural-communities/
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