friends on FIRE
friends on FIRE
friends on FIRE
#093 | How to blow $600K with The Price of Avocado Toast
49 minutes Posted Apr 19, 2021 at 4:05 am.
0:00
49:55
Download MP3
Show notes

In this discussion with Haley and Justin, we cover many topics, including:

  • How they were each raised by single moms and not taught anything about money.  They saw their parents suffering, and they wanted more.  
  • How they got a $600K inheritance and quickly blew it without really knowing where it went.
  • Lifestyle inflation.
  • No matter how much money you have, if you don’t know how to handle your money, you could have some serious regrets.
  • They are still paying for their past decisions.
  • How to find fulfillment with less stuff.
  • They are happier now, living on less.
  • They are doing things for the future.
  • They have made some serious sacrifices to get their shit together.
  • Their money mistakes were so big, and now they are so close to being debt-free.
  • The debt has been an enormous burden.
  • Why they don’t follow Dave Ramsey anymore.  
  • Leading with shame and guilt to improve your finances versus leading with inspiration and positive encouragement.  
  • People think the more money you have, the happier you’ll be, but not the case.
  • Their recent decision to sell their money and move to an area with a lower cost of living.  This is a massive financial power move!
  • They learned to budget.
  • The importance of having financial literacy in school and teacher curriculum.  

Show References:

---

Follow friends on FIRE

Twitter

Instagram

Facebook

LinkedIn

Leave us a voicemail or text us: 404-981-3370

eMail us at:  friendsonfiremm@gmail.com

Visit our website: www.friendsonfire.org

friends on FIRE etsy store

---

Other Links

Maggie’s Blog: Mostly Minimal Life

Mike’s Book: Your New Relationship with Money