ChooseFI

432 | The Skill of Spending | Mr. Money Mustache

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Apr 10, 2023
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ADVICE

Spending as a Skill

  • View spending less as a skill to develop, not deprivation.
  • Focus on getting the same or more value while reducing costs.
INSIGHT

FI and Middle-Class Living

  • Pursuing FI involves enjoying a middle-class lifestyle while building wealth.
  • It's about making smart tweaks to spending without significant sacrifices.
ADVICE

Impact of Efficient Spending

  • The impact of spending efficiently is more pronounced with lower incomes.
  • Reducing a $10,000 car expense by half has a bigger effect on a $30,000 salary than a $50,000 salary.
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