@LitNomad

Expounding on “Bursty Spending”:

If Charlie Sheen sleeps with a playboy bunny, it’s just another Tuesday to him. However, if he asks the bunny to sleep with a random homeless guy, it’s going to be the greatest day of that guy’s life. I want to feel what the homeless guy feels not what Charlie feels.

According to the “hedonic treadmill” we get used to everything and it becomes normal to us. So in order to feel the rush again, we need to renormalize our base level standards lower again.

This is convenient because it allows us to also save money and execute this lifestyle within a fixed budget.

As for the suffering of having to live at rock bottom, it isn’t wasted time. Experiencing hardship builds character and sharpens your judgement. Politicians like Mitt Romney are criticized for being born into privilege and not being able to relate to the poor. Guys like McCain were praised for having suffered through being a POW. Experiencing hardship gives you the right to speak on it and the perspective to understand it. It is life experience and you grow as a person from it.

An example is heartbreak. As a child, I found sappy R&B songs to be so corny, and couldn’t understand why they were popular. Then my first gf in HS dumped me. I heard “End of the Road” on the radio and it hit so different I almost cried. I could relate to the lyrics and emotion behind them now. It took heartbreak for me to unlock that perspective.

Well rounded adults with keen judgement have experienced a lot in life, and that’s why we trust them and give them leadership roles. So there is no downside to adopting a bursty spending lifestyle. You gain value on both the upside and downside.

Also, here’s the foundational video I keep referring to:

https://youtu.be/PohgVrofJBE?si=OgwD3043DUAHIIGi

@2KJUICE

Bros edging him self financially

@ninjahsk5748

If TechLead was a finance bro.

@theloniuspoon

dude got rich then became a stoic to bring the dopamine levels back down again lol

@defguy319

This channel is about to blow up

@tionx126

Watching a homeless multimillionaire filming himself in front of his car explaining to me game theory is not something I thought I would stumble onto on a Saturday night

@TrendyStone

I remember reading that Seneca, the wealthiest man in ancient Rome, would go out into the desert for a couple weeks each year without anything but food, water and a few basics to reset his bearings and reprioritize.  Great man, great philosopher.  Too bad Nero had him killed.

@luisfernando-mm3jt

Dont forget the most important thing ...Your health

@InL1keFlynn

I know where you're coming from. I'm a 54 y.o. millionaire and I live in Thailand on $30 a day. I have no commitments. It's called freedom. When I'm ready, I'll join the world working or hunt for an opportunity to grab.

@hamishcooke5265

This guy has got it fuckin' sorted. Respect, and following along. Thanks YT algorithm.

@williamhamill813

I made 2 million right out of highschool and never really worked since. I was a river guide in the summer for 15 years and skied like a bum in the winter. I just live off the dividends and buy and sell a house every five years. Life is good. You need to realise expensive shit won't make you happy. Buy a shitty sailboat and sail around the world.

@ripplles

I think this whole idea makes absolute sense... within a specific universe.  Within your lifestyle (single, no family), you can control your happiness quite a lot through spending and imposing conditions on yourself.  Exit this and start a family with someone you love, and gain compounding happiness and fulfilment.  No need to reset and recalibrate.  Great video as always!

@delayedgratification581

I'm worth 6 millions and I live under the poverty line.

@TigerTsunami404

I'm a multi-millionaire at early 40's with no debt, but it's about the young kids at this point to set up their future and ensure flexibility for long term.  All depends on your situation.  Never think about it honestly - keep stacking to choose what makes you happy.   Live within your means and keep it simple is my advice

@erickim8089

this is cool, but all of that stuff is just ambient background noise relative to relationships, creativity, family, learning

@iTzDritte

Just found your channel, seems like all my fellow $4M net worth homies in their 30s and 40s are converging here. I appreciate your thoughtfulness, since most people say “at $10M then I’ll do X”, which to me means that they haven’t actually thought about their life plan that hard or it wouldn’t have been such a round number.

@ainokea4u

I'm a multi-billionaire and I choose to live in a rat infested culvert pipe close to mcdonalds...I rock

@tomTom-lb5cu

We work hard to save , invest and accumulate more and more and more just to worry about keeping it once we have it.  This guy is right less is more peaceful.  But we do get sucked into worldly life in America.  What we call poor living is what other countries would call very comfortable spoiled life.  We want bigger, more and we are never satisfied.  Well I have a 2008 paid off truck, a rancher paid off home, enough money to pay all my monthly bills, no cable channels just internet, exercise equipment in my basement, a vegetable garden, a/c in the summer heat in the winter Jesus in my life.  And I’m happy, content peaceful in my mind.  I don’t drink or smoke don’t need it.  I feel I have an abundant life in my heart and mind.  I’m so grateful.

@Xun_Liu_International

iI had a Tesla four years ago, and I lived in the car back then. I miss that feeling of freedom and adventure. I think more people will start living in cars in the future. You can go anywhere you want, and it’s actually saving money. Plus, it’s nice to have a cozy home on wheels. I’ve traveled all over the US, and I’m currently in Oklahoma. The house here is really big!

@shubhamcweb

I'd rather start off with nothing and work my way up to having everything rather than the other way around.