Category Archives: Philosophy

Rewarding Your Intentions?

Lauren talks about how she finds she rewards herself for her intentions before she starts a diet or forms a new habit.

Similarly, financial New Year’s resolutions are often preceded by splurging on a new TV or computer, when the hard work of getting the budget under control hadn’t been addressed yet.

The Thin Line Between Entitlement and Opportunity | Mike and Lauren LIVE

Tonight we’re going to talk about the thin line between entitlement and opportunity. Do we all deserve to do what we love? Why does our generation expect to have everything our parents had the moment they graduate college?

LIVE! Tuesday Jan 20th 8:30PM EST

Play

What Do You Mean Retire Comfortably?

When people ask “how much I need to retire comfortably”, most of the time they imagine traveling the world, staying in fancy hotels and golfing at the most luxurious resorts.

The question we’re asking is, are you willing to trade your freedom for that level of comfort?

Rather than save 1-5 million dollars for a “comfortable retirement” we are shooting for financial freedom. From there we can decide what truly makes us happy instead of trading the next 50 years for a a little luxury.

Fitting in Is the Hard Part

How could someone making $60k a year can say living on 50% of their income is impossible, yet there are many people who earn far less than that. We think it’s because fitting in is the hard part.

We discuss a few reasons why being frugal doesn’t mean you’re an outcast, as well as our weaknesses in fitting in.

Fear and Greed (Ignoring the Herd Is More Profitable)

Warren Buffet said “be fearful when others are greedy and greedy when others are fearful.” While he was talking about investing in the stock market, I feel like it applies to many other areas of life.

The scarcity mindset can be devastating on your finances and overall happiness. Instead we propose to view life through a lens of abundance and generosity.

Sign up for monthly income, expenses, and net worth reports!
http://newsletter.mikeandlauren.com

Follow us:
http://twitter.com/mikeandlauren

Skinny and Rich | Why Setting Goals Is So Important

Statistically speaking, the majority of us are fat and broke. We think this is because most people don’t set goals. How can you get somewhere if you don’t know where you’re going?

I mentioned a Jim Rohn video that explained why people can be extremely hard workers, but never make progress.

LINKS
Jim Rohn Video:

Our Food Log:
https://www.flickr.com/photos/mikeandlaurenfood

The Appearance of Having Your Sh*t Together

What does it mean to have your sh*t together? As an 18 year old in 2005, I bought a $200k dollar house with almost no money. Everyone thought I had it figured out. Unfortunately the housing bubble popped, and I was left with a climbing interest rate. I had to walk away.

Looking back it seems you don’t have to do much to get your act together and look successful. I did it the wrong way, but you can use that to your advantage!

Once in a Lifetime vs. Too Good to Be True

How do you decide if something is a once in a lifetime opportunity, or too good to be true? In the past 10 years, I’ve had plenty of experience with both.

When it comes down to it I think once in a lifetime opportunities are exclusive to you, and the value of it should not have to be “sold” to you.

What do you think? When has something turned out to be to good to be true in your life?

Polarizing Purchases | Buy Only What You Love

We mention all the time that our frugality isn’t a sacrifice for us. That’s because we buy only the things we truly love and cut everything else out of the budget.

Here’s a list of a few things we spend money on and a few things we couldn’t care less about.

A lot of this video was inspired(ripped off) from one of my favorite bloggers Tynan. He has an article called Polarizing Purchases where he describes how he is able to travel and buy (specific) nice things without the need for a “job.”

We have lived our lives pretty much the same way, buying only the things that are truly important to us.