Are You Saving or Just Being Cheap? | 9toFI 006 | 9 to FI Podcast
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Are You Saving or Just Being Cheap? | 9toFI 006 | 9 to FI Podcast
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About this listen
Are You Saving or Just Being Cheap? | 9 to FI Podcast
Join Josh and Elliot in this episode of the 9 to FI Podcast as they delve into the often blurred line between frugality and being cheap. In a world where upgrading to the latest gadgets and luxurious cars is the norm, how do you define what's truly necessary versus what's merely extravagant? The hosts share personal anecdotes, discuss living intentionally with purchases, and address the stigma that surrounds frugal living. From scrutinizing phone plans and car choices to discussing the importance of intentional spending on food and experiences, this episode provides a comprehensive guide to making smart financial decisions without sacrificing quality of life. Don't miss their engaging debate and practical advice for navigating these common financial dilemmas!
00:00 Introduction and Greetings
00:10 Frugality vs. Cheapness: Setting the Stage
01:06 Defining Frugality and Cheapness
02:09 Personal Stories and Examples
09:25 Phone Plans and Upgrades
18:32 Car Choices and Social Perceptions
28:04 Justifying Frugality to Others
38:31 Challenges and Final Thoughts