Why do people spend so much of their disposable income on consumption and save so little towards their own financial independence? This episode presents four competing theories that try to answer this question:

• Theory 1: People are brainwashed into consumerism by advertising.
• Theory 2: Spending escalates as people try...

Many people who write about financial independence emphasise the benefits of self-sufficiency and DIY as part of their lifestyle. Will it help your journey to financial independence to try to be self-sufficient? Does it make financial sense to do your own repairs and renovations? This episode provides a...

John Holt was a leading figure in the school reform movement, who became increasingly interested in how children learn outside of school—what he called “unschooling.” He wrote many influential books about alternatives to schooling and he helped start the modern homeschooling movement.

His book Escape...

In his book Stop Acting Rich, author Thomas Stanley explained a way to calculate your relative net worth, taking into account both your age and your income. He used this calculation to create a wealth index, which you can use to judge whether you are on the path to FI, or whether you are burning more of your income than...