How $60k in debt hit from Hiding in the Bathroom author Morra Aarons-Mele

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After locking in new client soon-to-be President Barack Obama for her online consulting business Women Online, Morra Aarons-Mele learned she was $60,000 in the hole on her line of credit- three times what she had thought. The author of “Hiding in the Bathroom. An Introvert’s Roadmap to Getting Out There (When You’d Rather Stay Home)  shares what she did wrong, what her accountant did wrong, and what happened next.  

In Morra’s money story you will learn:

-How Morra found out she had triple the debt she thoght she had right on the same day she landed President Barack Obama’s election campaign as her client

-What went wrong

-Why her accountant had not alerted her to the debt

-Why Morra still deposits checks in person and yet still missed it

In Morra’s lesson you will learn:

-How her upbringing and her parents divorce, impacted her relationship with money

-How emotions can impact our spending

-How Morra developed ownership of her money issues

-How Morra’s business, women online, has benefitted from her new awareness of money issues

-The lesson her entrepreneur stepfather shared with her, and what you can learn from it as well

-How debt can be an important tool to grow a business

In Morra’s money story you will learn:

-Morra’s time-driven shopping strategy

-Online shopping habits to avoid

-How Morra blends her side-hustles with her primary business

In my take you will learn:

-Specific ways to get discounts linked to patience and timing

-Ways to get retailers to come to you with discounts

-Strategies to find what you want at lower prices

-How to tell the difference between using debt as a crutch and using debt as a tool to grow your business

Episode links:

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