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Episode 3347:
Leif challenges the common belief that spending more equals living better, arguing instead that dialing back on expenses can actually unlock a richer, more meaningful life. With personal stories and data-backed insights, he highlights how financial discipline offers not deprivation, but freedom, especially for high earners who mistakenly conflate luxury with happiness.
Read along with the original article(s) here: https://www.physicianonfire.com/spend-less-live-more/
Quotes to ponder:
"When you dial down the spending, you’ll be able to live more."
"It’s much easier to stay off the hedonic treadmill or keep it going at a slow speed than it is to hop off once it’s hit a ludicrous speed."
"We don’t seem to be getting any happier despite substantial wealth gains over the past decade."
Episode references:
Ramit Sethi – I Will Teach You To Be Rich: https://www.iwillteachyoutoberich.com/
World Happiness Report: https://www.worldhappiness.report/
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