How far would you go to save a few bucks, or even pennies? Mom always said all things in moderation, but it seems like these super-savers didn't get the memo. Remember, you can always put your energy into increasing your revenue streams, but playing the extreme frugality game quickly steps into the realm of diminishing returns. This round-table originally aired in 2018, but espcially after our last year, the push for extreme frugality could return to the forefront.
You can read our (mostly) original show notes below:
Being financially prudent is one thing, but when does saving money cross the line into being extremely, and possibly even grossly, frugal? Helping us answer these questions are today's special guests: from the Fiery Millennials blog, we welcome Gwen Mertz; and from this here podcast, we welcome our very own OG and Taylor.
(2021 note: On this show's original run Gwen was still co-hosting the Fire Drill podcast, and Taylor didn't join the Basement until about 18 months later. Pretty cool.)
Halfway through the show we'll take a little break to talk to Jason Brown from Tally. Making the decision to get on the road to financial freedom is a good one, and paying off credit cards and debt can be a major road block. We'll sit down with Jason doing our FinTech segment and see just how his company is setting out to help people climb out of debt.
And of course, we'll still have take some time to throw out the Haven Life Line to Joe, who wants to retire in the next few years. There's just one problem: Joe has no goals for retirement life. Can we throw some resources his way so he can figure out what he wants to do?