Let this first episode be your fresh start as we discuss the fresh start effect. Co-host Greg introduces himself as one of the rotating hosts and shares his background, interests, and experience with early retirement. Next, we introduce the fresh start effect, a phenomenon where people are more likely to tackle their goals immediately following salient temporal landmarks, and how to use it as a tool for personal finance success. A temporal landmark can be developmental milestones, life transitions, and other occasions. Maggie discusses her experience with ending the friends on FIRE podcast and how Inside Out Money is her fresh start. We end with a discussion about how this podcast can help to be your fresh start with your finances, and the best part is you get an ongoing accountability partner every week with new episodes each Monday.
Show References:
- Book: A course in miracles
- friends on FIRE episode #149 – Maggie and Greg’s last week of work and first week of retirement
- friends on FIRE episode #154 – 6 weeks into early retirement: Untethered and finding margin with Maggie and Greg
- friends on FIRE episode #138 – How a family of 5 can afford to retire at 41 and 43 (part 2 of 5)
- friends on FIRE episode #148 – 8 ways to tackle your financial fears
- Article: The Unexpected Science of Fresh Starts and Failures
- friends on FIRE podcast