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Episode 411: The Hidden Cost of Over-Saving: When Saving Too Much Holds You Back

podcast January 29, 2025

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In this week’s episode of the Journey to Launch podcast, I’m exploring the concept of “over-saving” and its potential to hinder financial growth and life enjoyment. You’ll hear about my personal journey of saving, a habit deeply instilled in me by my family, and how it has enabled me to achieve significant milestones throughout my life. However, I also mention how an overemphasis on saving, driven by fear or outdated goals, can prevent you from taking risks, making investments, and enjoying your money. I encourage you to understand your “enough point”—the amount needed to sustain a comfortable lifestyle—and align your saving and spending habits with your evolving financial goals.

In this episode, I share:

  • The importance of balancing saving with spending, and how to reflect on whether your saving habits are holding you back from opportunities and personal growth. 
  • The concept of the “enough point,” the income and savings level needed to sustain a desired lifestyle, and how to align your financial goals with this benchmark.
  • How to reframe viewing money as a tool to achieve financial goals, how to intentionally spend and invest in personal growth, happiness, and financial freedom.
  • How to differentiate smart saving from over-saving and the need for intentional saving aligned with current goals and values + more!

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