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Maximal Ep. 426 | Breaking Free from Broke
🕑 Added 2024-01-15 12:01:01 +0000 UTCThe Minimalists speak with author George Kamel about letting go of past financial mistakes, frugality vs. minimalism, tipping culture, going to college debt-free, investing in precious metals, rainy-day funds, credit scores, how much money The Minimalists have, and much more!
Discussed in this episode:
How can I let go of my past financial mistakes? (02:10)
What’s the relationship between frugality and minimalism? (15:21)
When, and how much, is it appropriate to tip? (21:10)
What are George Kamal’s thoughts on rainy-day funds, 529 education plans, investing in precious metals, and cryptocurrency? (33:04)
Why are credit scores really debt scores? (53:01)
Are The Minimalists millionaires? (01:02:55)
Why did T.K. write his new book, Emotional Clutter? (01:12:40)
How can I let go of my LEGO collection? (01:15:46)
Why shouldn’t you sacrifice your well-being for money? (01:23:10)
Why is eating out a luxury, not a necessity? (01:36:04)
Is this ad a freakin’ parody? (01:42:38)
How did patron Manny discover a cure for overstimulation? (01:49:28)
LINKS
App: EveryDollar
Book: 16 Rules for Living with Less
Book: Breaking Free From Broke
Book: Emotional Clutter
Book: What's the Big Deal About Bitcoin?
Tour: The Everything Tour
Subscribe: The Minimalists' Newsletter
MAXIMS
Letting go of the past is a prerequisite for living in the present.
Regret is a signpost that informs you about the paths to avoid.
Frugality is a benefit until it is a burden.
An obligatory reward punishes the person who deserves a premium.
A college degree tastes better when it’s debt-free.
A credit score is not a credit score—it is a debt score.
It’s easy to let go when you never latch on.
Minimalists allow money to be a passenger in the car, but we don’t let it drive.
The doorway to decluttering is adorned with the benefits of living with less.
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Comments
Jen D.
This just reinvigorated my financial journey. I often fear finances just because I grew up not understanding it and was never really taught it. I’m on my learning journey and this just reminded me it’s never too late to get ahead, and have that peace. Thank you. 🙏🏼
Dana, NEEL & RYE Mali
The Lego “little guys” are called mini-figs or mini-figures lol
