Most folks have no problem spending their money. I hate to say it, but shopping is basically an American pastime! It certainly drives production as data shows that consumption is responsible for ⅔ of our economy. But not everyone indulges in retail therapy- hopefully the majority of listeners to the podcast are less likely to mindlessly spend. And there’s a certain subset of folks who actually struggle with the opposite problem: they mindlessly save. We frequently discuss Financial Independence Retire Early, and we’re excited to be joined by a recovering member of the FIRE movement, Gwen Merz. Gwen has been a part of the community for years. She’s the creator behind the blog Fiery Millennials and was recently featured in multiple Business Insider articles. And now she’s working on a book documenting her FIRE journey!- here’s a quote from her book proposal: “Supersavers will improve the quality of their lives by shedding maladaptive behaviors and emotions…”. It turns out that the habits that lead to more savings and investments, may not be the same ones that lead to happy and fulfilling lives. Listen as we discuss Gwen’s introduction to FIRE, how far she pushed her savings rate, a failed attempt at investing in real estate, her spending experiments, 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 Georgia On My Mind Wholesome Wave Collab by Piedmont Brewery! 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!

Most folks have no problem spending their money. I hate to say it, but shopping is basically an American pastime! It certainly drives production as data shows that consumption is responsible for ⅔ of our economy. But not everyone indulges in retail therapy- hopefully the majority of listeners to the podcast are less likely to mindlessly spend. And there’s a certain subset of folks who actually struggle with the opposite problem: they mindlessly save. We frequently discuss Financial Independence Retire Early, and we’re excited to be joined by a recovering member of the FIRE movement, Gwen Merz. Gwen has been a part of the community for years. She’s the creator behind the blog Fiery Millennials and was recently featured in multiple Business Insider articles. And now she’s working on a book documenting her FIRE journey!- here’s a quote from her book proposal: “Supersavers will improve the quality of their lives by shedding maladaptive behaviors and emotions…”. It turns out that the habits that lead to more savings and investments, may not be the same ones that lead to happy and fulfilling lives. Listen as we discuss Gwen’s introduction to FIRE, how far she pushed her savings rate, a failed attempt at investing in real estate, her spending experiments, 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 Georgia On My Mind Wholesome Wave Collab by Piedmont Brewery! 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

Why I Left the FIRE Movement w/ Gwen of Fiery Millennials #779

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8a647e4d-3d27-4d7f-9fd6-b0fc013c9371/transcript

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