2888: How to Stop Being Broke With a High Salary by Lisa Harrison of Mad Money Monster on Intentional Living

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Business, Education, Investing, Self-improvement

4.5 • 1.3K Ratings

🗓️ 4 October 2024

⏱️ 11 minutes

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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 2888: Lisa Harrison challenges the common habit of living paycheck to paycheck, even with a high salary, by advocating for a lifestyle that prioritizes living below one's means. She offers practical tips on budgeting, tracking net worth, and cutting unnecessary expenses, empowering individuals to break free from financial stress and build real wealth. Read along with the original article(s) here: https://madmoneymonster.com/2017/05/01/how-to-stop-being-broke-with-high-salary/ Quotes to ponder: "High salary or not, look around you and you’ll likely see your friends buying bigger houses, new cars, etc. In order to keep up with this kind of lifestyle, even for high-salaried couples, you’re probably going to be broke." "The quickest fix to stop being broke with a high salary is to Live Below Your Means. It’s the oldest wealth-building secret in the book, and yet it escapes most of us." "Be an individual. Go against the grain. And wonderful things will happen." Episode references: Stop Acting Rich: https://www.amazon.com/Stop-Acting-Rich-Start-Living/dp/0470482559 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:01.8	This is optimal finance daily.
1:04.0	How to stop being broke with a high salary.
1:07.0	By Lisa Harrison of Mad Money Monster.com
1:11.0	and I'm your host and personal finance enthusiast, Diana Merriam.
1:15.0	For now, let's get right to today's post as we optimize your life.
1:25.0	How to stop being broke with a high salary
1:28.0	by Lisa Harrison of Mad Money Monster.com The cycle goes something like this.
1:35.0	Money comes in, money goes out, and round and round we go.
1:40.0	If you're making a healthy salary and you're still coming up short at the end of each month,
1:45.2	there's a problem. The problem is that you're making too much money to be broke.
	...

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