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029 | In today's podcast we go through a discussion of the mindset differences between a 'reluctant frugalist' like Jonathan and an aspiring minimalist like Brad. In Today\\u2019s Podcast we cover: The reluctant frugalist (Jonathan) vs. the mindset of the aspiring minimalist (Brad)
How both these mindsets are valid and strong approaches to the concept of Financial Independence How do you talk to your spouse or significant other about financial independence? Voicemail from Royce about how he can get his wife on board with FI? You need to have a conversation with your significant other about what you want out of life and where you want to go as a team
The pursuit of FI can bring you closer together as it can make you wealthier and happier Jonathan\\u2019s story about FI and his wife plus a story of the \\u2018addictive nature\\u2019 of buying stuff How Jonathan changed his entire life with the pursuit of FI FI as the ultimate life hack
You need to see the other person\\u2019s motivation and incentives when trying to persuade them Being near or at FI transforms your relationships with your family and friends
How Brad aspires to be a minimalist and live in a hotel Excerpt from Physician on Fire\\u2019s article: Minimalism vs. Frugality Frugality and the scarcity mindset How people outside the FI community have to deal with a cash flow scarcity mentality
The differences between a minimalist and a frugal person How free your brain becomes when you remove the clutter from your rooms and your life How Brad\\u2019s daughters are different by nature regarding minimalism and clutter
Would you throw out all the items in your house that you haven\\u2019t used for some set period of time? 90 days?\\xa0 1 year? The sharing economy has changed the value of ownership Jonathan\\u2019s board game obsession and the value he gets from buying things What a week in Jonathan\\u2019s FI future life looks like A minimalist buys one item that fulfills multiple purposes, but is quite expensive and high quality Brand names: Is there any value?
Can you actually find a break-even point on certain purchases? The wardrobe differences between minimalists and frugal people How your brain operates better when you don\\u2019t make as many decisions and avoid \\u2018decision fatigue\\u2019 A minimalist doesn\\u2019t want a lawn/yard whereas a frugal person enjoys doing it themselves\\xa0
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