2688: Resisting Lifestyle Inflation by Lisa Harrison of Mad Money Monster on Hedonic Adaptation

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Business, Education, Investing, Self-improvement

4.5 • 1.3K Ratings

🗓️ 12 April 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2688: Lisa Harrison of MadMoneyMonster.com shares her journey of resisting lifestyle inflation, especially the allure of upgrading her living situation, which many find relatable. Through candid experiences, she underscores the importance of financial prudence, the power of minimalism, and the value of instilling good spending habits to secure a more stable and fulfilling future. Read along with the original article(s) here: https://madmoneymonster.com/2016/02/03/resisting-lifestyle-inflation/ Quotes to ponder: "It’s worry that is born out of fear, fear that you can’t comfortably afford to do something." "Committing to minimalism has given us focus and the ability to say NO to unnecessary clutter in our lives." "My emotional, arbitrary indicators of wealth have nothing to do with what we need or what makes the best financial sense." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:00.0	This is Optimal Finance Daily, episode 2688, resisting lifestyle inflation by Lisa Harrison of Mad
1:08.3	Money Monster.com, and I'm your host and personal finance enthusiast Diana Merriam.
1:13.9	Now let's get right to today's post as we optimize your life.
1:21.7	Resisting Lifestyle In inflation by Lisa Harrison of Mad Money Monster.com.
1:27.0	I have a love affair with real estate and once again allowed myself to consider the possibility of trading up.
1:34.6	After an entire day was spent driving by houses in our target market and running the numbers,
1:39.6	we started to feel that all too familiar anxiety of the cost associated with lifestyle inflation.
	...

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