The Voluntary Life: October 2016

31 October 2016

267 Consumerism Vs Saving: Four Theories


Why do people spend so much of their disposable income on consumption and save so little towards their own financial independence? There are many competing theories that try to answer this question. In this episode, I present four theories:
  • Theory 1: People are brainwashed into consumerism by advertising.
  • Theory 2: Spending escalates as people try to keep up with their peer groups.
  • Theory 3: Central bank policies have undermined saving.
  • Theory 4: Spending is the path of least resistance, so you won't save unless you have sufficient motivation.
Which (if any) of these theories have merit? Is there a better explanation? Let me know what you think!

Show Notes:

Listen To Episode 267


23 October 2016

266 Self-Sufficiency And DIY: Good For Financial Independence?


Many people who write about financial independence emphasise the benefits of self-sufficiency and DIY as part of their lifestyle. Will it help your journey to financial independence to try to be self-sufficient? Does it make financial sense to do your own repairs and renovations? This week's episode provides a different perspective.

Show Notes:


Listen To Episode 266


15 October 2016

265 A Review Of Escape From Childhood By John Holt


John Holt was a leading figure in the school reform movement, who became increasingly interested in how children learn outside of school—what he called “unschooling.” He wrote many influential books about alternatives to schooling and he helped start the modern homeschooling movement.

In his book Escape From Childhood, the subject of this week's episode, he provided thought-provoking insights into many problems with how adults treat children, and a vision of how children could be treated with dignity and given greater freedom.

Show Notes:


Listen To Episode 265


3 October 2016

264 Thomas Stanley's Wealth Index


Financial independence is one of the core topics of The Voluntary Life. I've heard from listeners at all stages of the journey to FI— just beginning,  already achieved FI, and all the steps in-between. In a previous episode, I explained the milestones along the journey to FI, to help judge how far you have progressed if you are working towards this goal. In this week's episode, I share another tool for judging your progress.

In his book Stop Acting Rich, author Thomas Stanley explained a way to calculate your relative net worth, taking into account both your age and your income. He used this calculation to create a wealth index, which you can use to judge whether you are on the path to FI, or whether you are burning more of your income than you should.

In the episode I explain how the wealth index is calculated and provide commentary on how to use it. There is also a free website that does the calculation for you.

Show Notes:



Listen To Episode 264