Mile High FI Podcast

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

14 snips
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.
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ANECDOTE

Espresso Martini

  • Jen Smith recalls a memorable $22 espresso martini from FinCon, highlighting her appreciation for enjoying experiences.
  • This emphasizes her balanced approach to frugality and valuing what truly matters.
ANECDOTE

Debt Origins

  • Jen Smith's $78,000 debt was mainly student loans, not consumer debt.
  • She initially felt guilty, influenced by societal views, but later reframed debt as an investment in her career.
ADVICE

Addressing Financial Guilt

  • Address financial guilt by examining the fear behind hoarding money.
  • Explore spending comfortably without going broke, reframing frugality as resource management.
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