2415: How I Almost Committed Financial Suicide by Lisa Harrison of Mad Money Monster on Overspending on a Home

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 17 August 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Lisa Harrison of Mad Money Monster talks about how she almost committed financial suicide Episode 2415: How I Almost Committed Financial Suicide by Lisa Harrison of Mad Money Monster on Overspending on a Home Lisa is a mother, scientist, and financial enthusiast. She founded Mad Money Monster, a personal finance blog chronicling her and her family’s journey from doing money all wrong to doing it all right. She and her husband are known as Mr. & Mrs. Mad Money Monster on the site. They pride themselves as being Gen-Xers who have turned it all around and are now charting a course toward financial independence. The original post is located here: https://madmoneymonster.com/2015/10/02/how-i-almost-committed-financial-suicide/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2415.
0:04.5	How I Almost Committed Financial Suicide by Lisa Harrison of madmoneymonster.com
0:10.8	And I'm your host and personal finance enthusiast, Diana Mariam.
0:15.2	Welcome to Optimal Finance Daily, the show where I read to you from some of the best
0:19.3	money and finance blogs on the web, each and every day of the week.
0:23.4	So let's hear today's post and start optimizing your life.
0:30.8	How I Almost Committed Financial Suicide by Lisa Harrison of madmoneymonster.com
0:38.0	About six months ago, I had myself convinced we needed to buy a big beautiful suburban home
0:43.2	to validate our lives and prove to the world that we were successful.
0:47.7	What a difference six months can make.
0:50.5	My fiance and I had decided on a whim to start looking at houses.
0:54.8	We knew that sometime in the distant future we wanted to upgrade to more living space.
0:59.6	We thought this would be tons of fun.
1:02.0	We still have no idea how that whim quickly turned into a serious house search.
1:07.5	I suppose it's our fault for reaching out to a realtor to show us a property.
1:12.1	Before we knew it, we were signing agreements to work only with that realtor
1:16.1	and looking at a few properties each week.
1:18.8	After a few months, we found a home that we loved.
1:21.7	We were pre-approved for a ridiculously high mortgage and went back and forth with the
1:26.1	sellers to a Brianna price.
1:28.3	Interestingly, our price point of no more than $300,000 during our search
1:33.6	turned into an agreement price of $412,000 on the final contract.
	...

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