Humility can be your most powerful financial tool, so learn how to check your ego and enhance your financial well-being. Cultivating and improving your humility can be transformative in building lasting wealth and a truly fulfilling life. Get ready to ditch the “keeping up with the Kardashians” effect and embrace actionable strategies that redefine success on your terms.
Andrew joins this week’s podcast as we talk about:
– Defining ego as an internal obstacle to financial freedom
– How ego manifests and harms finances in different life stages
– The direct impact of ego on spending habits and the illusion of wealth
– The antidote to ego and self-doubt
– Actionable strategies for financial humility
– The importance of preparedness over prediction
– Making smart housing decisions free from FOMO
– The “enough” mindset and defining your own “rich life”
Show References:
- Inside Out Money episode #045. The one metric you likely don’t track: Lifetime gross savings rate
- Inside Out Money episode #117 – How to make more money – career advice, asking for a raise, side hustles, and more
- Inside Out Money episode #021 – What is enough?
- friends on FIRE podcast #095 – How to stop caring what people think and start living
- 057. Comparison is the thief of joy – Stop comparing yourself to others
- 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!
- Book: The Simple Path to Wealth
- Book: Boglehead’s Guide to Investing
- Andrew Knight’s Blog: Dollar cost averaging the worry-free way to invest
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