20: Frugal vs. Cheap

FromMillennial Money Minutes | Personal Finance in 5 Minutes

Start listening View podcast show

20: Frugal vs. Cheap

FromMillennial Money Minutes | Personal Finance in 5 Minutes

ratings:

Length:

4 minutes

Released:

Jan 9, 2017

Format:

Podcast episode

Description

There's a big difference between frugal and cheap. In this episode learn the pros/cons of each.

Released:

Jan 9, 2017

Format:

Podcast episode

Titles in the series (100)

Millennial Money Minutes distills tough personal finance topics in 5 minutes or less. Hosted by Grant Sabatier @MillennialMoney and Matt Zubricki @DistilledDollar

Skip carousel

10: How To Save Money: The biggest way to capitalize on savings is by tackling the largest expenses first. We share our two biggest life hacks on How to Save Money. by Millennial Money Minutes | Personal Finance in 5 Minutes
3 min listen
18: The True Cost of Anything: That cup of coffee cost more than you think. In this episode we cover how to calcuate how much money you need to earn, how much of your life you are exchanging, and the true cost of any purchase. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
26: Minimalism: We explore minimalism and living with less. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
20: Frugal vs. Cheap: There's a big difference between frugal and cheap. In this episode learn the pros/cons of each. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
21: When Do You Need Insurance: Insurance can be expensive and sometimes not worth it. Learn when insurance is a great investment. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
13: The Power of Habits: Learn how habits are the key to building wealth and achieving financial independence. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
2: Budgets Suck: After our experience of budgeting we share when they’re useful and necessary. We also share why we think budgets suck and why we don’t use them today. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
6: Should I Invest in a 401K or IRA?: We discuss the first two steps we would take if we started off investing from scratch. Should I invest in my 401k or IRA will not be complicated anymore. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
4: Active vs. Passive Funds: Based on the investment strategy, it can make sense to use passive funds. Other times active funds make more sense. Here’s our take on Active vs. Passive funds. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
12: Millennial Retirement: Learn how Millennials are redefining what retirement means and taking control of their futures. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
3: Automated Savings: Strategies we utilize for automated savings. We would agree that spending is what is left after saving, not saving is what is left after spending. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
28: Day Trading Sucks: Learn why day trading sucks (for most investors). by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
7: Saving vs. Spending: Whether you're saving 0% or 60%, like Matt, the line between saving and spending is a difficult one to walk. Joys of life, such as travel, is money well spent. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
9: Index Funds: Index Funds offer us a low cost entry point into buying a slice of the entire economy. See how the vast majority of active funds fall short of market returns. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
5: Is A Car Worth It?: From insurance hacks to rideshare programs to moving within walking distance to work, we discuss uncommon strategies to reduce the cost of car ownership. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
1: Introduction to Millennial Money Minutes: Our introduction to Millennial Money Minutes includes our backgrounds and our goal of the podcast to distill down personal finance topics in 5 minutes or less. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
23: Maximize Your Value: Learn How to Maximize Your Value and Make More Money. It's easier than you think. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
30: Grant in The Hot Seat: Matt interviews Grant @MillennialMoney. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
43: Value Investing: Learn the investing strategy of Warren Buffett, the most successful investor ever. Value investing is a proven investment strategy worth exploring. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
22: The Millionaire Next Door: New Series: Best Personal Finance Books in 5 minutes or less. First up The Millionaire Next Door by Thomas Stanley. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
11: Rent vs. Buy: Learn two perspectives on whether you should rent or buy a home depending on where you are in your financial life. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
16: Paradox of Frugality: In this episode we explain two frugality paradoxes - moral liscensing and lifestyle inflation. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
8: Roth vs. Traditional IRA: From Backdoor Roth contributions to IRA Conversion Ladders, we tackle the Roth vs. Traditional IRA topic from start to finish. See which is better for you. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
29: Matt in The Hot Seat: Matt is in the hot seat! Learn more about Matt @DistilledDollar. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
51: WTF is Money?: Money is personal, universal, and infinite. Learn how we think about money. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
38: Interview: Chris @KeepThrifty: We chat living experiments and finance spreadsheets with Chris from KeepThrify.com. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
32: Actually Meet Your Money Goals: Two very different approaches to actually meet your personal money goals. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
15: The Love of Money: Do you love or hate Money? Our relationships with money are complicated. Money is just a tool and an abundant resource. But it isn't everything. Learn how Grant and Matt think about Money in this episode. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
40: Sides Hustles: Should you start a side hustle? Probably, but here's what you need to know. Hustle, but smart. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
39: Your Money or Your Life: We share the highlights from one of the best personal finance and financial independence books of all time. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen

More Episodes from Millennial Money Minutes | Personal Finance in 5 Minutes

Skip carousel

283: Real Estate Investing Fail: Grant is moving to New York City and made a big mistake with his real estate investment. We chat about when investing in real estate is and isn't a good idea, as well as some of the risks. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
282: What's the Goal?: In this episode we talk about money, success, and what it all means. by Millennial Money Minutes | Personal Finance in 5 Minutes
8 min listen
281: Homeownership w/ Fannie Mae: Learn how you can buy a home with as little as a 3% down payment. by Millennial Money Minutes | Personal Finance in 5 Minutes
11 min listen
280: Fast Track Money: Getting rich quick is different than getting rich fast. We share some of our top strategies for fast tracking your money. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
279: Mondays: How to set yourself up to crush the week. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
278: Is Frugality Enough?: Most of personal finance is focused on cutting back, budgeting, and frugality but is that enough? by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
277: Make More Money: As you know one of the easiest ways to make money is through side hustling, but most people who side hustle are leaving a ton of money on the table. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
Welcome Back - New Season 2!: Welcome to Season 2 of Millennial Money Minutes! Thanks for being patient while we took the month of March off so Grant could finish his book and we could develop some exciting new projects. We are super stoked to be back. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
275: Advanced House Hacking w/ Jacob Perez: Jacob is one of the top house hacking experts in the game. In this 30 minute deep dive interview, we dig deep into house hacking and how you can use it to make a ton of money. by Millennial Money Minutes | Personal Finance in 5 Minutes
26 min listen
274: How to Scale Money: Here's how you can scale money and hit the next level. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
273: Art and Science of FI (part 2): We discuss the art of financial independence and how to get your friends on board. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
272: Art and Science of FI (part 1): In this special 2 part episode, we discuss the art and science of financial independence. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
271: Home buying Myths w/ Fannie Mae: We bust home buying myths with Jonathan Lawless from Fannie Mae. by Millennial Money Minutes | Personal Finance in 5 Minutes
11 min listen
270: A Real Money Strategy: Why you need a real money strategy and how to build one. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
269: Savings Rate vs. Net Worth: How and why you should track both your savings rate and net worth - the two most important numbers in personal finance. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
268: Bringing the FIRE Everyday: How to bring it every day. Happy Monday! by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
267: Money Hacking: Money has never been easier to hack. Here's how. by Millennial Money Minutes | Personal Finance in 5 Minutes
9 min listen
266: Ultimate Money Hacking: It's never been easier to make more money, save more money, live for free, and travel for free. by Millennial Money Minutes | Personal Finance in 5 Minutes
9 min listen
265: Are Stocks Too Expensive 2.0: Stocks are absolutely crushing it... but are they getting too expensive? by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
264: Look Back To Look Forward: Why solve problems that have already been solved before? Why looking back to history is one of the best ways to find answers and direction today. by Millennial Money Minutes | Personal Finance in 5 Minutes
9 min listen
263: Bitcoin Update: An update on Bitcoin and Grant's Bitcoin holdings. by Millennial Money Minutes | Personal Finance in 5 Minutes
8 min listen
262: What Matters Most: How to find what matters most in money and in life. by Millennial Money Minutes | Personal Finance in 5 Minutes
9 min listen
261: Skills As Future Currency: The skills you have in the future will be more valuable than anything else. Here's why and how to build new ones. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
260: How High Can Stocks Go?: Stocks are at all-time highs, how high can they really go? by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
259: Reflecting on Money: We spend so much of our time consuming, but little time examining and then creating. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
258: Money Habits 2.0: How to pick, evaluate, and make new money habits or ditch them if they aren't working. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
257: Crush The Money Taboo: Talk about money. Here's why. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
256: How To Travel The World For Less: It's never been easier to travel the world for less money. Here's how we do it. by Millennial Money Minutes | Personal Finance in 5 Minutes
8 min listen
255: From Zero to One: How to make that small yet massive leap in money and life. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
254: How To Get Comfortable With Risk: Managing risk is an essential component of investing and life. Here's how to get comfortable with it in all areas of your life. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen

Related podcast episodes

Skip carousel

21: When Do You Need Insurance: Insurance can be expensive and sometimes not worth it. Learn when insurance is a great investment. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
412 | What's In Your Index Fund? | Katie & Alan Donegan: In this episode; global funds, it's not doctrine, index funds, VTSAX, what is in index funds, and the opposite of active investing. If you've been in the FI community for a while now, you've probably at one point have heard of index Funds. However,... by ChooseFI
59 min listen
413 | Mental Wealth & Healing | Rich Jones: In this episode: success on paper, building the life you want, therapy, craving progression, and what leads to change. When beginning and well into your FI journey, it may seem like reaching and achieving your end goal of financial independence will... by ChooseFI
51 min listen
278: Is Frugality Enough?: Most of personal finance is focused on cutting back, budgeting, and frugality but is that enough? by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
445 | Fundamental Truths of Investing | Brian Feroldi: In this episode: investing, losing money hurts, pessimism, optimism, index funds, psychology, history, and building wealth. Whether you're a confident investor or weary of playing the market, there is still a lot to be learned when it comes to your... by ChooseFI
38 min listen
Tony Robbins - How To Beat The Elites At Trading: I spoke with Tony Robbins about The Holy Grail of Investing and the ultimate strategies for financial freedom. Get Tony's book here: https://a.co/d/2lo6Veq -- ? Support this channel directly here: https://bit.ly/RussellBrand-Support WATCH me LIVE wee... by Stay Free with Russell Brand
27 min listen
The Tax Risks That Could Blow Up Your Retirement Plan, with Ed Slott: #307: “Taxes are the single biggest factor that separates people from their retirement dreams.” That’s a quote from today’s guest, Ed Slott, a nationally recognized IRA distribution expert, practicing CPA, and bestselling author. He argues... by Afford Anything
81 min listen
Could U.S. Pensions Be Next? by Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
46 min listen
43: Merger Arbitrage with Peter Steinberg MD: WCI and Dr. Steinberg discuss merger arbitrage. Now, this is a technique that hedge fund managers have done for some time, with varying amounts of success. Dr. Steinberg shares his experience with us. Critics say merger arbitrage has a limited upside... by White Coat Investor Podcast
48 min listen
Investing in China — Revisited: Capital Group investment professionals Winnie Kwan and Kent Chan discuss the outlook for China’s economy and markets as the world’s second largest economy emerges from the pandemic. Winnie Kwan is a portfolio manager with 23 years of investment... by Capital Ideas Investing Podcast
25 min listen
432 | The Skill of Spending | Mr. Money Mustache: In this episode: tackling the big issues, the everywhere effect, change and discomfort, and getting the most from what you have. On this Podcast in recent months, we have made a point to highlight the fact that FI isn't about deprivation. While we do... by ChooseFI
53 min listen
How to Know Your Money is Secure featuring Laura Spiekerman (S2EP09) by Girls Just Wanna Have Funds
41 min listen
Faith in Humanity Restored by Pick the Brain Podcast
24 min listen
1399: Flying Soon? The Points Guy on How to Protect and Save Your Travel Dollars Right Now by So Money with Farnoosh Torabi
34 min listen
Should You Be 100% Invested In Stocks? by Money For the Rest of Us
30 min listen
The Simplest Way to Improve Your Stock Market Returns (Feat. Jack Bogle): I discuss the importance of minimizing the costs of investing; a mathematically-proven way to improve your investment returns. The episode features sections from “The Little Book of Common Sense Investing” by Jack Bogle, founder of the Vanguard... by CMQ Investing Presents: Compound Money Quietly
17 min listen
RWH034: The High Road To Riches w/ Peter Keefe by We Study Billionaires - The Investor’s Podcast Network
112 min listen
251- Checklist: How important is it to create checklists? by InvestED: The Rule #1 Investing Podcast
33 min listen
WCI #261: The Only Investment Guide You'll Ever Need With Andrew Tobias: This episode we interview Andrew Tobias, the author of The Only Investment Guide You'll Ever Need, which has sold over a million copies and was influential in our financial education. We discuss financial plans, changes in the financial world during... by White Coat Investor Podcast
69 min listen
Jared Dillian — How To Live a Stress-Free Financial Life (EP.196): Jared Dillian is a writer, strategist, financial expert, public speaker, and author of four books, including No Worries: How To Live a Stress-Free Financial Life (out this month!). He joins us to discuss why you should never loan money to... by Infinite Loops
64 min listen
483: Lean FI in 6 Years, Fat FI in 10, and Quitting Your Job The FIRE Way: At twenty-nine years old, Andy Johnson had achieved lean FIRE. He had enough to survive but not enough to make his future family comfortably financially free. All he needed to do was work a little longer, make a bit more money, and intensely invest. That plan went out the window when Andy woke up one day, unable to return to work. The high levels of stress and constant demand from clients got to him. He quit his high-paying job with no plan. Over the next year, Andy did something incredible. Even without a steady paycheck, he built a massive real estate portfolio in just ten months, bolstered his family’s investments, and now, a few years later, in his mid-thirties, hasachieved true financial independence. How did he do it in such a short amount of time WITHOUT a job? His method is one only the savviest of investors would have thought of. In this episode, you’ll hear how Andy bought twenty-one rental propertie by BiggerPockets Money Podcast
53 min listen
The Economist: Kissinger on avoiding world war by The Intelligence from The Economist
53 min listen
Hoda Mehr teaches about investing using stock cards: Hoda Mehr is the co-founder and CEO of StockCard.io. She started Stock Card about a year ago to enable the new generation of stock market investors to make fact-based investment decisions without time-consuming research. She believes the old market... by Chain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More
27 min listen
#184 - Passive Investing: What You Should Understand: Passive investment management has taken over the world. Nine of the top ten mutual funds are based on passive investing. On this episode, I explain what passive investing is and how it works, the top two indices that most funds are based on, and the... by Retirement Answer Man
35 min listen
2024 Market Outlook: Why We Should Prepare for a Crash: Today I'm talking about stock market predictions. Specifically, I'm sharing: ‣ What happened in the markets in 2023 ‣ What may lie ahead for us in 2024 ‣ Why we should prepare for the biggest crash of our lifetime I'm also sharing an exciting... by Stay Wealthy Retirement Podcast
16 min listen
The Art of Simply Saying No: In this episode, in our Freddy Fri Day segment, Freddy talks with us about the art of simply saying no. Go to https://7goodminutes.com/podcast/simply-saying-no for complete show notes. Don't forget to subscribe, rate, and share it with a friend... by 7 Good Minutes: Archived Episodes
5 min listen
The Middle Class is Shrinking: What That Means for You! #545 by How to Money
46 min listen
Tim Ferriss - entrepreneur, author, and podcaster by Learnings from Leaders: the P&G Alumni Podcast
67 min listen
The Military Guide – Angel Investing, Market Crashes, & 14 Years of Early Retirement: Doug Nordman (a.k.a. Nords) from The Military Guide joined me on the Financial Independence Podcast to talk about retiring early on a military salary! by Financial Independence Podcast
59 min listen
404: How to Build Wealth in Three Simple Steps by BiggerPockets Money Podcast
50 min listen

Discover this podcast and so much more

20: Frugal vs. Cheap

20: Frugal vs. Cheap

Description

Titles in the series (100)

More Episodes from Millennial Money Minutes | Personal Finance in 5 Minutes

Related podcast episodes