We explore how to improve your financial mindset and tactics by adopting the “Lazy Genius” approach from author Kendra Adachi. The core philosophy is to be a genius about the things that matter and lazy about the things that don’t. Learn how to apply the Lazy Genius principles—which focus on embracing what matters, ditching the unnecessary, and reducing decision fatigue—directly to your personal finances.
Erica joins this week’s podcast as we talk about:
– The core philosophy of the Lazy Genius Way
– How financial overwhelm leads to avoidance and discouragement
– Applying the principle of Decide Once to automate key financial tasks like saving and investing
– Creating a system to Put Everything in Its Place for financial documents and information
– Asking the Magic Question to find “good enough” solutions and avoid perfectionism
– Batching similar financial tasks to improve efficiency (e.g., paying bills at one time)
– The inefficiency of task switching and multitasking in managing money
– The importance of living in the season and adapting financial plans to life stages
– Defining what “Enough” means for your personal lifestyle and financial security
– Building Margin into your finances to reduce stress
Show References:
- Book: The Lazy Genius Way: Embrace What Matters, Ditch What Doesn’t, and Get Stuff Done by Kendra Adachi
- Inside Out Money episode #137. The 80/20 rule of money – Don’t let perfect be the enemy of the good
- Inside Out Money episode #003 – How and why to invest in index funds
- Inside Out Money episode #039 – What’s in our wallet? Our index funds, accounts, and more!
- Inside Out Money episode #021 – What is enough?
- Inside Out Money episode #138 – Want what you already have – Tactics to rewire your brain to want less
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