No matter how much dough you're raking in, there's always the chance you'll blow it all and end up at the month's finish line with a barren bank account. Studies show that 45% of folks who are high-wage earners, so we’re talking about individuals making more than $100,000 annually, that they’re living paycheck to paycheck as well! Sure, some financial situations could be solved with a higher income, but more often than not, we are the problem. We’re our own worst enemies as we move the goalposts of what we think will make of happy, and continue to buy ridiculous amounts of stuff! And that’s why we’re excited to be speaking with our friend Liz Chai, author of “How To Buy Essentially Nothing For A Year” where she chronicles the personal challenge that has grown into a larger movement. We discuss Liz’s history with collectibles, why she recommends taking the hardcore path, the many benefits of buying less stuff, getting reluctant partners on board, and more!



Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.



During this episode we enjoyed a Dead On DIPA by Hidden River- a big thanks to Rhiannah for sending this one our way! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!



Best friends out!

No matter how much dough you're raking in, there's always the chance you'll blow it all and end up at the month's finish line with a barren bank account. Studies show that 45% of folks who are high-wage earners, so we’re talking about individuals making more than $100,000 annually, that they’re living paycheck to paycheck as well! Sure, some financial situations could be solved with a higher income, but more often than not, we are the problem. We’re our own worst enemies as we move the goalposts of what we think will make of happy, and continue to buy ridiculous amounts of stuff! And that’s why we’re excited to be speaking with our friend Liz Chai, author of “How To Buy Essentially Nothing For A Year” where she chronicles the personal challenge that has grown into a larger movement. We discuss Liz’s history with collectibles, why she recommends taking the hardcore path, the many benefits of buying less stuff, getting reluctant partners on board, and more!
 
Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
<ul>
<li aria-level="1">Knowing your ‘money gear’ is a crucial part of your personal finance journey. <a href="https://www.howtomoney.com/start-here/">Start here.</a> </li>
<li aria-level="1">Sign up for the weekly <a href="https://www.howtomoney.com/newsletter/">HTM newsletter</a>. It’s fun, free, &amp; practical.</li>
<li aria-level="1">Join a thriving community of fellow money in the <a href="https://www.facebook.com/groups/1623670287732189">HTM Facebook group.</a></li>
<li aria-level="1">Find the best credit card for you with our new <a href="https://www.howtomoney.com/creditcards">credit card tool</a>!</li>
<li aria-level="1">Massively reduce your <a href="https://www.howtomoney.com/choosing-the-best-cheap-cell-phone-plan/">cell phone bill</a> each month by switching to a discount provider like Mint Mobile.</li>
</ul>
 
During this episode we enjoyed a Dead On DIPA by Hidden River- a big thanks to Rhiannah for sending this one our way! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and <a href="https://podcasts.apple.com/us/podcast/how-to-money/id1337718773?mt=2">give us a quick review in Apple Podcasts</a> or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
 
Best friends out!

Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living a rich life.

How to Money

Buy Nothing to Gain Everything w/ Liz Chai #770

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fae7e251-a682-4e6b-9362-b0eb00f970ca/transcript

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