Episode 16 of I Hate Talking continues the discussion from the previous episode on money, money dysmorphia, and inflation, focusing on concrete strategies for enduring the current economic climate through budgeting and personal consumption adjustments.
Key Points:
1. Intro and "Chicken Wing"
The episode begins with a humorous intro about the phrase/word of the episode, "chicken wing," which is both a food and the name of a pet chicken.
2. Topic Introduction
The main topic is a continuation of the previous discussion on money dysmorphia, inflation, and concrete steps for managing personal finances during economic challenges. The hosts acknowledge that this topic, while important, can be a source of anxiety.
3. Control vs. Lack of Control
The hosts discuss the feeling of being out of control when it comes to finances, not necessarily due to overspending, but due to the rising cost of living. The episode focuses on what can be controlled (budgets and spending) rather than what is outside of their control (inflation, central banks, fiscal policy).
4. Social Media Awareness and App Limits
The hosts emphasize the importance of being aware of the impact of social media, both in terms of comparing oneself to others and impulse buying habits. They recommend strategies like app limits and uninstalling social media apps to reduce exposure to ads and social comparison.
5. Budgeting
The importance of having and sticking to a budget is highlighted. One host admits to disliking budgets but acknowledging their necessity. Having a budget helps avoid overspending, manage savings, and overall personal wealth.
6. Book Recommendations
---
Any views expressed on this podcast are those solely of the hosts and is for entertainment purposes only. None of the content is medical advice or financial advice.
Special thanks to Tim Wright aka CoLD SToRAGE for his permission to use the song Operatique.
