Buy What You Love – Value-Based Spending – Jen Smith | MHFI 250

Doug chats with Jen Smith, author & co-host of the Frugal Friends podcast.  Jen shares her journey of paying off $78,000 of debt, her no-spend challenge, value-based spending, addressing financial guilt, and the importance of community support.  She also introduces her new book, “Buy What You Love Without Going Broke” (co-authored by podcast partner Jill Sirianni) and discusses the book-writing process along with some of the challenges. This episode is brought to you by GhostBed.  Doug has the GhostBed Luxe Mattress and loves it!  Take the 3 minute sleep quiz to see which mattress is right for you.  Save 50% site-wide on your new mattress, bed frame, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI) Save With Mint Mobile! (https://milehighfi.com/mint) New customers can get 3 months of unlimited premium wireless for $15/mo.  Doug’s phone bill went from $1440/yr to $360/yr for him and his wife.  It’s super easy to switch and you can use your existing phone.  If you use the MHFI link, it won’t cost you extra and it helps support the show. Looking for help with your estate plan?  Trust & Will provides online tools for creating, you guessed it… trusts and wills.  For those who don’t have any estate planning documents in place, this could be a good option to get started.  We’re affiliates so we can earn a commission if you sign up.  Thanks for the support. https://milehighfi.com/trustandwill Need a fee only advisor?  Nectarine is a network of financial advisors where you just pay for investing & planning advice.  Advisors don’t manage your money, sell products, or earn commissions. We’re affiliates so we can earn a commission if you sign up.  Thanks for the support. https://milehighfi.com/nectarine Help Doug pay for his Sip Club membership by providing support at Buy Me A Coffee. Links (*Some affiliate links so we might earn a commission if you buy something) Frugal Friends Website YouTube Jill Sirianni & Jen Smith, “Buy What You Love Without Going Broke” Money Magazine, “A Growing Number of People Are Getting Rich Selling T-shirts Online” Jen Smith, “The No-Spend Challenge Guide” Kindle Paperback Audiobook FinCon Maslow’s Hierarchy of Needs “Sounds Like a Cult” podcast MHFI Facebook group Doug’s site Check out Producer Chris’s new blog: Epic Financial Journey — Join the Mile High FI Club – It’s the email list! Get MHFi Merch – It helps support the show. Get t-shirts & more **Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.** Brought To You By: The Doug Show, aka Affiliate Marketing & Side Hustles Email the show: [email protected] 0:00 Introduction 3:20 Jill’s background & debt payoff 8:30 Value-based spending 13:09 Buying back time 18:39 The four F’s 23:41 Spending time instead of money 27:33 Saving money on food & leftovers 35:58 Book writing process 41:54 Lessons from the book 50:46 Soundcheck – Cult of Dave Ramsey