Spending Experiments: Learn What Purchases Make You Happy | E160 Carl Jensen

FI Minded: Achieve Financial Independence & Have Fun Doing It

Struggling to spend money? Same here. Honestly, I never thought this would be a problem as I got closer to financial independence. I mean, isn’t the goal to save up enough so we can finally spend on the things we want?

Turns out, after 15 years of working hard to build wealth, it’s not so easy to let go. Add in some good old financial insecurities, and suddenly, I’ve got money, but I’m too nervous to spend it.

And guess what? We are not the only ones. A lot of people in the FI community deal with this too, including Carl Jensen.

Carl, known for his blog 1500 Days, has a net worth of $6 million. Yet, he still found it hard to spend money. That was until he started challenging himself to do it. Through these spending challenges, Carl figured out what really brings him joy, whether it’s something small like treating a friend to dinner or big like a $10,000 private concert with his favorite band (don’t worry, we’ll talk about that one!).

So, if you’ve ever struggled to spend on things that would actually make you happy, this episode is for you. Hopefully, it inspires you to push past those money hang-ups and challenge yourself a little more.

I hope you enjoy my conversation with the Telsa fantastic, dinosaur-loving, early FI trailblazer…Carl Jensen.

Key Takeaways:

• How to recognize if you’re frugalism is hurting or helping
• Using spending experiments to uncover what is important to you
• One commonality of Carl’s favorite purchases
• What you can learn from the wrong purchases

Mentions:

Taming the Mammoth: Why You Should Stop Caring What Other People Think: https://waitbutwhy.com/2014/06/taming-mammoth-let-peoples-opinions-run-life.html

More of Carl:

Read Carl’s Blog: https://www.1500days.com/

More of The Struggle is Real:

Find show notes and more at https://www.tsirpodcast.com/

Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/