We’ve certainly had some mindset shifts about our financial and life choices over the years, and according to Sahil Bloom, adapting your beliefs is the ultimate sign of intelligence. We get incredibly honest about the things we’ve changed our stance on over the years, and why. We unpack how our shifting mindsets have evolved alongside our lives, like downsizing to a smaller home, paying off our mortgages, and even our closely held beliefs about eyelash curlers. From rethinking our strict views on monthly subscriptions to abandoning the exhausting hustle of travel hacking, we explore how changing your mind is a critical part of personal growth.
Liz joins this week’s podcast as we talk about mindset shifts and much more:
– Why the willingness to change your mind is the ultimate sign of intelligence
– The financial things we absolutely have not changed our minds about
– How Liz found significantly more peace and less stress by drastically downsizing her home to a one-bedroom condo
– The pros and cons of paying off your mortgage early
– Maggie’s shift toward spending money on health and fitness, like paying a $50 monthly Peloton subscription because it actively solves a problem and improves her life
– Rethinking Roth versus Traditional 401(k) contributions and why taking action is more important than getting paralyzed by the decision
– Liz’s views on eyelash curlers and avocados
– A rapid-fire round covering our evolved thoughts on the risks of Deferred Compensation Plans (DCPs), the hassle of travel hacking, and robo-advisors
Show References:
- Sahil Bloom: A few things I’ve changed my mind on
- Inside Out Money episode #058 – Breaking Up With Your Financial Planner – Why and How to Do It
- Inside Out Money episode #076 – Investing Terms You Should Know – ETFs vs. mutual funds, target date funds, expense ratios, dividends, market vs. limit orders, and more!
- Liz Gets Loaded podcast Radical downsizing: a one year update
- Liz Gets Loaded podcast Day 30 – Downsizing as an Upgrade
- Inside Out Money episode #029 – The great mortgage debate: payoff or invest?
- friends on FIRE podcast #056 – Paying off your mortgage is a great investment
- Amazon: Walking Pads
- Speechify – Maggie’s referral code
- Inside Out Money episode #013 – Are We Quitting Travel Hacking?
- Inside Out Money episode #145 – Generational Wealth: Give While You Live or Leave a Lump Sum?
- Inside Out Money episode *APRIL FOOLS* 104. Wealth Whispers – ASMR your way thru this financial checklist
- Inside Out Money episode #052 – Simplifying our finances – How we’re saving $20K by ditching robo-investing
- Inside Out Money episode #177 – The Ultimate FIRE Bridge – The Truth About Deferred Compensation Plans vs. Brokerage Accounts
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