Maximal Ep. 426 | Breaking Free From Broke (Video) (Patreon)
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Content
The 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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