Chapter
The Psychological Effects of Extreme Frugality
31:01 - 37:02 (06:00)
Some individuals who live extremely frugal lifestyles for extended periods of time can develop difficulty spending money on themselves, even in retirement. The podcast hosts share personal anecdotes on this topic.
Clips
The transcript talks about how frugality can lead to extreme happiness post retirement, beyond just material possessions.
31:01 - 33:28 (02:26)
Summary
The transcript talks about how frugality can lead to extreme happiness post retirement, beyond just material possessions. This is exemplified by a 1970s hippie commune called 'The Farm'.
ChapterThe Psychological Effects of Extreme Frugality
Episode#576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor
PodcastThe Tim Ferriss Show
Two elderly vegetarians from Northern California have found happiness in spending their days tending to their personal farm on the coast.
33:28 - 34:15 (00:46)
Summary
Two elderly vegetarians from Northern California have found happiness in spending their days tending to their personal farm on the coast. They grow majority of the food they eat and enjoy taking naps and bike rides in their spare time.
ChapterThe Psychological Effects of Extreme Frugality
Episode#576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor
PodcastThe Tim Ferriss Show
The successful entrepreneur talks about his career path from being a greeter at Denny's to his current status as a venture capitalist.
34:15 - 35:36 (01:21)
Summary
The successful entrepreneur talks about his career path from being a greeter at Denny's to his current status as a venture capitalist.
ChapterThe Psychological Effects of Extreme Frugality
Episode#576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor
PodcastThe Tim Ferriss Show
The speaker recounts their experience of being let go from a job just before they were about to become a full-time employee, resulting in confusion over the way the dismissal was worded.
35:36 - 37:02 (01:25)
Summary
The speaker recounts their experience of being let go from a job just before they were about to become a full-time employee, resulting in confusion over the way the dismissal was worded.