The Stacking Benjamins Show
When Have Your Saving, Spending and Earning Habits Gone Too Far? (SB 1421)
Oct 13, 2023
Join Diania Merriman, Doc G, and Paulette Perhach as they discuss extreme saving, extreme spending, and finding the right balance between the two. They touch on topics such as the Akano Me Conference, personal preferences and deprivation, retiring early, financial habits of neurodivergent individuals, the value of giving oneself permission to spend, origins and trivia of hockey, increasing income and job satisfaction, funny moments at children's birthday parties, and hotel lobby hacks.
01:04:26
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Quick takeaways
- Finding a balance between saving, spending, and working is crucial in achieving long-term financial success.
- Saving too much or excessively spending can have negative impacts on financial well-being, while working too hard can detract from enjoying life.
Deep dives
The Value of Finding a Balance in Saving, Spending, and Working
Finding a balance in saving, spending, and working is crucial. Saving too much can lead to feelings of deprivation. It's essential to question why we want what we want and if it aligns with our values. Similarly, spending too much can cause financial strain and limit future possibilities. It's important to determine the difference between wants and needs and prioritize financial goals. Lastly, working too hard can consume valuable time and detract from enjoying life. It's necessary to evaluate the trade-off between time spent working and the financial rewards it provides.
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