How to Money · Friday, July 17, 2026
Joel and Matt on How to Money argue against the extreme financial advice of only investing and never spending. They believe this approach leads to burnout and is not sustainable, advocating instead for a balanced life that includes both saving for the future and enjoying the present. The hosts suggest that smarter spending, not necessarily more spending, is key to maximizing satisfaction.
“You know what, buddy, this episode is going to be all about maximizing your satisfaction from the dollars that you get to spend every single day. But should we just cut to the chase and tell folks to that they shouldn't be spending money, they should only be investing their money. Spend their money on ETFs that's slightly diversified, diversified low cost index funds.”
“Well, we know, we've always said this, there are a lot of people in the space who kind of lean towards that advice. It's kind of like, yeah, you want to buy something you enjoy, that's dumb. You shouldn't be investing for your future instead. And that's just a poor way to treat people. One, it's not going to be long lasting.”
“You're gonna burn out because there are i would say an infantismally small number of folks who could actually stick to that kind of plan.”