The Money Love Podcast 49: Becoming A Good Spender
Aug 24, 2021
Discover how being a good spender isn’t a born trait, but a skill anyone can master. Explore five key principles that transform your spending habits and align them with your values. Learn to shift your mindset from guilt to empowerment around money. Mindful spending can unlock pathways to wealth, regardless of your background or income. Plus, get insights into a supportive 'Money Love' community for enhancing your financial journey!
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Spending Habits Determine Wealth
- Spending habits are the true determinant of wealth, not income level.
- Both high earners and average earners have equal opportunities to become good spenders.
Tech Executive's Downfall
- Paige Pritchard recounts a story from "The Psychology of Money" about a wealthy tech executive.
- The executive's careless spending habits eventually led to his financial ruin.
Spend to Become a Good Spender
- To become a good spender, you must actively spend money, not hoard it.
- Avoiding spending stems from fear and scarcity, hindering the development of spending skills.