3155: [Part 1] 5 Ways We Avoided Lifestyle Inflation to Reach Financial Freedom by Lisa Harrison of Mad Money Monster

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Investing, Business, Education, Self-improvement

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🗓️ 25 May 2025

⏱️ 10 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 3155: Lisa Harrison shares her personal journey from a youthful splurge on a flashy car to a values-driven commitment to living within her means. Through candid storytelling and practical advice, she highlights how avoiding lifestyle inflation, especially with car purchases, became a foundational strategy in her family's path to financial freedom. Read along with the original article(s) here: https://madmoneymonster.com/2021/03/22/5-ways-we-avoided-lifestyle-inflation-to-reach-financial-freedom/ Quotes to ponder: "After payments, insurance, maintenance, and gas, I was left with less than half of my take-home pay for everything else." "What mattered most was how much money you saved." "Despite our 2012 luxury SUV, my husband and I have driven reasonable cars for the entirety of our marriage." Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:53.9	Five ways we avoided lifestyle inflation to reach
0:56.6	financial freedom, part one by Lisa Harrison of madmoneymonster.com. After high school, I was dying to get
1:05.1	my hands on a brand new car. I had my adolescent sites set on either a colorful GEO tracker or a sporty Mitsubishi eclipse.
1:14.4	After all, I landed myself a job soldering small components together at a local factory
1:19.2	that paid me a little bit more than the minimum wage and even came with benefits.
1:23.2	It was the kind of job the older generation held onto for decades and retired from.
1:28.4	I was young and didn't have much financial prowess in my arsenal.
1:32.2	So there I was at 18 years old, having never heard of lifestyle inflation, yet falling victim to it.
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