I recently had the pleasure of sitting next to a kind and successful retired entrepreneur on a flight home, and he was nice enough to impart some wisdom with me that I want to share with you all today. There’s a difference between being frugal in order to put yourself in a good situation and then continuing to be frugal when you don’t have to be. At some point, you have to reward yourself. When you’re motivated by tangible things, sometimes that’s more powerful than being motivated by something that you can’t really see, feel or touch. It’s also important to resist the temptation of instant gratification and buy it when you can really afford it. Listen in to hear more of our conversation and how I have weaved this advice into my life. 

Episode Timeline & Discussion Questions:

( 1:03 ) Welcome back to The Chris Harder Show.

( 1:31 ) Chris shares that he was seated next to a kind retired businessman on his flight home and they had a great conversation. 

( 4:44 ) Chris says the man shared a lesson that he learned: There’s a difference between being frugal in order to put yourself in a good situation and then continuing to be frugal when you don’t have to. At some point you have to reward yourself, or else what is the point of living life?

( 6:06 ) Chris says, “When you’re motivated by tangible things, sometimes that’s more powerful than being motivated by a secure retirement that you can’t really see, feel or touch.”

( 8:03 ) Chris lists ways that he’s able to fulfill his dreams due to his financial success. 

( 8:44 ) Chris says, “Lusting after an item that motivates you, and therefore causes you to make more money, is powerful. Buying it before you can afford it is detrimental.”

( 9:36 ) Chris explains how he and Lori decide if the timing is right to buy something. 

( 10:23 ) Text DAILY to 310-421-0416 to get daily Money Mantras or Business Perspective messages.

( 11:03 ) Chris asks listeners to share the podcast and leave a 5-star review.