Frugality is a powerful tool for paying off debt, allowing you to cut unnecessary expenses, focus on essentials, develop discipline, and accelerate financial freedom. However, staying frugal for too long can lead to a scarcity mindset, making it hard to enjoy your money even after paying off your debt and achieving stability. While being frugal for a season helps you break free from debt, true financial freedom comes from learning to spend intentionally on what truly matters in your life!
The downside of extreme frugality is that it can create fear of spending and prevent you from investing in your well-being, relationships, and experiences. Money is not just for saving and hoarding—it’s a tool for creating a meaningful life. Transitioning from frugality to abundance means reframing spending as an investment in your happiness and values, rather than a loss.
Take a listen to learn how to develop the skill of spending in your life. Learn to spend intentionally by identifying what brings you joy, and creating an intentional spending plan that balances needs, wealth-building, experiences, and giving. Learn how to practice conscious spending and how to overcome guilt around spending. The goal is to move beyond restriction and build a life of financial security, freedom, and fulfillment on your way to financial independence!
Download your free Step-By-Step Guide to Develop the Skill of Spending today! You'll also receive access to journal prompts that will help you reflect on your mindset and beliefs during your journey to financial independence.
Are you just beginning your journey to financial independence and want to learn more? Download your free copy of the PA the FI Way Beginner’s Workbook here!
Website / Blog: pathefiway.com
Follow along on Instagram: @pathefiway https://www.instagram.com/pathefiway/
Connect on LinkedIn: https://www.linkedin.com/in/katarina-kat-astrup-mspas-pa-c-175848255/
Join the private Facebook group created for current and future PAs on their journey to financial independence: https://www.facebook.com/groups/pathefiway
Like the Facebook page to follow along for updates: https://www.facebook.com/pathefiway
Questions or thoughts about the show? Email pathefiway@gmail.com
Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway
Keywords: physician associate , physician assistant , physician assistant financial independence , physician associate financial independence , physician assistant finances , physician associate finances , physician assistant finance , physician associate finance , physician assistant money , physician associate money , physician assistant school , physician associate school , PA school , PA-S , PA-C , pre-PA , physician assistant student , physician associate student , money mindset , psychology of money
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.