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Hedonic adaptation & financial freedom, with Tightwad Todd

01/02/2021 Posted by Martin Bamford Interview, Podcast

My guest on the podcast today became financially free at age 35, following a wake-up moment as he was following the traditional path of school, career and retirement.

Todd Miller, also known as Tightwad Todd, is a money coach and thrifty saver.

He grew up with a fascination about how money works, influenced by the frugality of his grandmother, who grew up during the Great Depression.

After graduating with a degree in finance, Todd started working for a Fortune Global 500 company, but was laid off less than a year later at the start of the global financial crisis.

This experience prompted the start of a 12-year journey to financial freedom.

During our conversation in this episode, I chat with Todd about why the traditional career path is so risky, how wealth is something you can’t see, and why hedonic adaption creates a barrier to happiness with our spending.

Here’s my conversation with Todd Miller in episode 530 of Informed Choice Radio.

 

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About Martin Bamford

Your host for Informed Choice Radio is Martin Bamford, an award-winning Chartered Financial Planner and Fellow of the Personal Finance Society. Martin is Director of Client Education at Informed Choice and the author of several personal finance books including The Money Tree, Brilliant Investing and How to Retire 10 Years Early.

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