Search

Home > FIRE & Chill > 2. Our Biggest Lessons on Personal Finance & Building Wealth
Podcast: FIRE & Chill
Episode:

2. Our Biggest Lessons on Personal Finance & Building Wealth

Category: Business
Duration: 00:39:16
Publish Date: 2020-05-18 20:00:00
Description:

In this episode, we share the financial lessons that have been game-changers and helped us on the road to Financial Independence and building better lives.

More specifically, we discuss:

  • The wealth illusion, debt and 'misleading millionaires'
  • What really causes lottery winners to end up broke
  • Why spending and happiness don't always line up how we expect
  • Personal stories from our early days learning about money and investing
  • How each of these lessons form the foundation of a wealthy life
  • Pat's rant on irrational homebuyers!
  • The unmatched power of saving
  • Wrapping our heads around compound interest
  • How people are controlled by money, rather than the other way round
  • Why your spending dictates your level of freedom


Stuff mentioned in the show...

Book:  The Millionaire Next Door, by Thomas J. Stanley & William D. Danko

Compound Interest Calculator:  MoneySmart

Early Retirement Calculator:  Networthify


More from us...

FIRE & Chill YouTube channel

Dave's blog: Strong Money Australia

Pat's blog:  Life Long Shuffle

Total Play: 0