Optimal Finance Daily - Financial Independence and Money Advice

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

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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."
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