#24 – Frugality Syndrome: Making the Emotional Shift From Saving To Spending
The Financial Therapy Podcast - It's Not Just About The Money - A podcast by Rick Kahler - Tuesdays
The FIRE (Financial Independence, Retire Early) movement advocates extreme frugality in order to retire as early as age 30. The biggest challenge with the skills and discipline needed for a FIRE plan is not starting it (which isn’t necessarily easy) but stopping (which can be very difficult). Why? Like building an actual fire, building frugality into one’s lifestyle starts slowly. For some savers, especially FIRE advocates, frugality can become a way of life, a game, and a habit that’s hard t...
