You Have Permission to Spend

Two Money For the Rest of Us podcast listeners are struggling with spending money. The first listener is 22 and lives in Canada. He feels as if his money is going everywhere such as saving for a house, car, and retirement, but very little goes to things he enjoys. The second listener is 46 with a $2 million net worth, but in his case, he finds he doesn’t enjoy spending money on himself. He is willing to spend money on his wife and two children, but he still finds himself feeling tight, fearful and worried about money and his business, even though he has plenty of wealth and is close to his goal of financial freedom. In this podcast episode, we consider the standard to use to determine how much to spend on ourselves. Topics covered include:The most difficult part of figuring out how much is enough.What is the Voluntary Simplicity movement and how it can help us decide where to spend our money.What is the difference between comforts and luxuries.What is the difference between joy and pleasure.What is a simple filter we can use to determine where to spend money. Thanks to Masterwork and NetSuite for sponsoring the episode. For show notes and more information on this episode click here.