BiggerPockets Money Podcast 1: The Surprising (Scientific) Truth Behind What Makes You Successful with Mr. Money Mustache
12 snips
Jan 1, 2018 AI Snips
Chapters
Transcript
Episode notes
Track Spending
- Track your spending meticulously, preferably down to the dollar, to understand where your money goes.
- Consult frugal people to identify overspending areas.
Reduce Expenses
- Find ways to reduce major expenses like housing, transportation, and food.
- Pursue win-win scenarios; don't sacrifice quality of life for frugality.
Long Commute Costs
- Mindy Jensen describes a previous long commute, highlighting the hidden costs of transportation.
- She emphasizes that cheaper housing closer to work would have been more cost-effective.