117 - Living Below Your Structure

When it comes to money, a common piece of advice you've probably heard is "live below your means." On the surface, this idea makes intuitive sense and indeed can create a debt-free life. It's practical and it's intuitive. However, as one of host Travis Shelton's friends recently explained, this mindset can lead us down a self-serving, entitled, and narcissistic path. It's a path where we continually reward ourselves with nicer cars, bigger houses, and more glamorous trips. It's the pursuit of more. Instead, she proposed an alternative mindset. For each of us to establish our base standard of living, i.e. "structure", then giving the majority of the excess. Doing so creates a life of service to others, while also maintaining margin in our life to be in a position to make life/career shifts as we're called to do so. There are three main routes we can pursue with excess: hoarding, materialism, or unhinged generosity. This is the case for the third option. Yes, we understand the counter-cultural nature of this idea. But as you know, our job isn't to tell people what to do. Rather, it's to share a different perspective, help people see this money stuff from a different angle, then make the best decision for their journey.

Join our podcast community: https://www.facebook.com/groups/370457478238932

You can find the Meaning Over Money podcast wherever you listen to podcasts, including:

If you have questions or would like to connect with us outside of the podcast, here's where you can find us:

Online Course:  www.meaningover.money (podcast listeners can get 25% off by using the promo code "podcast25")

YouTube:  https://www.youtube.com/channel/UCasnj17-bOl_CZ0Cb9czmyQ

Instagram:  www.instagram.com/meaning_over_money

Travis's Instagram:  www.instagram.com/travis_shelton_

Travis's website:  www.travisshelton.com

E-Mail Us:  meaningovermoneypodcast@gmail.com

Previous
Previous

118 - To Combine or Not to Combine

Next
Next

116 - Preparing for Financial Windfalls