Mile High FI Podcast cover image

Mile High FI Podcast

Buy What You Love - Value-Based Spending - Jen Smith | MHFI 250

Jan 14, 2025
Jen Smith, author and co-host of the Frugal Friends podcast, shares her inspiring journey of paying off $78,000 in debt. She dives into the concept of value-based spending and how it helped her find financial freedom. Jen discusses her no-spend challenge and the importance of community support in financial journeys. She introduces her new book, "Buy What You Love Without Going Broke," and opens up about the challenges of the writing process. Listeners gain practical tips on aligning spending with personal values and managing financial guilt.
55:02

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Jen Smith emphasized the transformative power of value-based spending, encouraging individuals to align their purchases with personal values rather than arbitrary budgets.
  • The conversation highlighted the importance of balancing finances with time and emotional well-being, advocating for mindful choices that enhance overall life quality.

Deep dives

Jen's Journey to Financial Freedom

Jen Smith and her husband managed to pay off $78,000 in debt within two years while earning less than $90,000 annually. Initially, she resisted changing her spending habits and opted for multiple side hustles, leading to extreme stress that resulted in shingles. This overwhelming experience prompted her to undertake a no-spend challenge, which transformed her outlook on money and spending. Motivated by the profound changes she experienced, she later wrote a successful book about her journey, emphasizing that budgeting is not the only path to financial freedom.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode