#11 - The Art Of Money Discipline With @mravocadough
Listen now
Mr Avo joined me on this episode of The Making Money Simple Podcast to discuss money discipline. The conversation was free flowing and we discussed a range of topics, from opportunity cost, to instant vs delayed gratification, to lifestyle inflation, to how to set yourself up for success on payday. In particular, we talked about frugality and how it is important to strike a disciplined balance. Whilst having an avocado toast on the weekend won't be too detrimental to your wealth building journey, daily expenditures can certainly rack up over the course of the year. It's important to strike a healthy balance between treating yourself but also investing for the future. As ultimately the goal of investing is to one day build up your 'nest egg' to a point where you can do whatever you like on a daily basis. Listen to the full episode for more details.
More Episodes
Tara from @allourbestintentions joined me on this podcast episode to discuss SIPPs. A SIPP, or Self Invested Personal Pension, is one option available for us in the UK to invest for the long-term. These differ to Workplace Pensions (which is what I currently have), so we first started by talking...
Published 04/26/21
Anna from @pandabossanna joined me on this episode to talk about passive income streams and side hustles. Building up passive income streams, whether that's through investing or a side hustle, is a goal that many people have so that they can be 'free' from working a 9-5 job. We started off the...
Published 04/12/21
Laura joins me on the podcast to discuss how she saved £15,000 and then £25,000, before taking the plunge to making her first investment in 2020.  Many people are in a similar position where they are able to save money but struggle to get started investing, whether that's out of fear or out of...
Published 03/29/21