Episode Summary:
In this week’s episode, we talk to Haley and Justin from the Price of Avocado Toast podcast. Haley and Justin share their story of inheriting $600K, quickly spending it and getting in more debt, and then completing a total 180 and turning around their finances. They share their thoughts on lifestyle inflation, fulfillment and what creates happiness, and how they are still paying for their past decisions. They now live more intentionally, with less and on a budget, but are so much happier. And they have recently made a big power move that is going to get them debt-free. We really enjoyed talking to Haley and Justin, and we encourage you to check out their podcast and Instagram account.
Episode Notes:
In this discussion with Haley and Justin, we cover many topics, including:
- How they were each raised by single moms and not taught anything about money. They saw their parents suffering, and they wanted more.
- How they got a $600K inheritance and quickly blew it without really knowing where it went.
- Lifestyle inflation.
- No matter how much money you have, if you don’t know how to handle your money, you could have some serious regrets.
- They are still paying for their past decisions.
- How to find fulfillment with less stuff.
- They are happier now, living on less.
- They are doing things for the future.
- They have made some serious sacrifices to get their shit together.
- Their money mistakes were so big, and now they are so close to being debt-free.
- The debt has been an enormous burden.
- Why they don’t follow Dave Ramsey anymore.
- Leading with shame and guilt to improve your finances versus leading with inspiration and positive encouragement.
- People think the more money you have, the happier you’ll be, but not the case.
- Their recent decision to sell their money and move to an area with a lower cost of living. This is a massive financial power move!
- They learned to budget.
- The importance of having financial literacy in school and teacher curriculum.
Show References:
- Price of Avocado Toast on Instagram
- Price of Avocado Toast podcast on Apple Podcasts.