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Episode 2736:
Lisa Harrison of MadMoneyMonster.com encourages the frugal to selectively invest in essentials that enhance life quality without compromising financial goals. She outlines five critical areas where spending smartly can significantly benefit one's health, education, nutrition, living environment, and personal experiences, ensuring a fulfilling yet financially sound lifestyle.
Read along with the original article(s) here: https://madmoneymonster.com/2018/04/06/5-things-every-frugal-person-should-spend-money-on/
Quotes to ponder:
"Frugality is a major component of our overall plan to achieve financial independence and give ourselves the OPTION to retire early."
"Anyone who has dealt with major health issues or had a big scare can tell you that the quality of your health can have a tremendous impact on your mood and outlook."
"Spending money on experiences makes us happier than spending money on STUFF."
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Optimal Finance Daily - Financial Independence and Money Advice