Episode description
Episode description
070 | Author and FI pioneer Vicki Robin discusses the cultural development of overconsumption, how much is enough, and what else, besides good investments, contributes to successful financial independence?
- Vicki’s story began when she invested in long-term bonds at a young age, achieving modest financial independence very quickly
- Vicki and her partner, Joe Dominguez, hosted seminars about financial independence beginning in the 1980s, donating the proceeds.
- What is the difference between making a living, and making a “dime”?
- How did the culture of over-consumption develop during the past century?
- Once the average person spends 20 years preparing for adulthood, and another third of your life sleeping, how much time do we really have for living?
- What is the idea of the Real Hourly Wage, and how could it impact the way we spend money?
- Why might we need to be “deprogrammed” from consumption?
- What is the Fulfillment Curve and what is the difference between a “cheap thrill” and real satisfaction?
- How does consumerism develop throughout life, and does it stem from dissatisfaction?
- How much is enough?
- Once people have “enough”, happiness actually comes from giving, not getting.
- How is Real Hourly Wage calculated?
- What needs and identities are neglected when we overspend our hours and consciousness on our jobs?
- How do people confuse work, jobs, and income?
- Finding passive income helps to separate jobs from income.
- What does Vicki enjoy about finding community with the world of FI?
- Community is currency – money isn’t the only element of becoming independent.
- How do meaningful relationships developing into situations of Mutual Aid, and how does that impact a person’s living costs?
- As a leader in the FI community for about 30 years, what does Vicki think it will take to create lasting, cultural changes?
- In order to change the way the world consumes, personal change is necessary, but not sufficient.
- How does universal health care impact FI in the US?
- Will FI become mainstream?
- Talking about our relationship with money in a first step toward creating lasting change
- Sharing: Half the cost and twice the fun.
Links to things mentioned in the show:
Book on Amazon: Your Money or Your Life
Book on Amazon: Dying for a Paycheck
Website: Millennial Money