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cover of episode 46. “The ghost of FIRE still haunts our money mindset—we can’t enjoy money”

46. “The ghost of FIRE still haunts our money mindset—we can’t enjoy money”

2022/6/7
logo of podcast I Will Teach You To Be Rich

I Will Teach You To Be Rich

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Gavin and Carolyn discuss their financial habits and how their past involvement in the FIRE community has influenced their current money mindset, leading to a lack of joy in their financial discussions.

Shownotes Transcript

Carolyn and Gavin have been married for ten years. They have three small children and bring in about $130k annually—with a healthy $500k in investments. So what’s the problem? Once we look closer, specifically at their obsession with money mechanics, we see a deeper issue.

They learned these bad habits as members of the FIRE community, a lifestyle they’ve left behind but that continues to haunt their money mindsets to this day. To make matters worse, Carolyn has disassociated from the family’s money conversation completely.

How do you work as a team when one member refuses to participate? And how can you reset your instincts related to saving and spending after so many years repeating bad habits? Listen in to find out.

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