There is a sad phenomenon in America today. Even when life is good and blessings are handed to you, you still have to be smart about how you manage those blessings. And sometimes the blessings can cause more harm than good. Check out this video about the dark side of Extreme Makeover Home Edition.
While the show is intended to bring joy and blessings to people’s lives, there is a dark and sad side to some of the recipients involved. When you take someone who doesn’t have sound financial management skills or habits and you give them a windfall, you are not blessing them. They are not prepared to handle the windfall. The sad reality is sometimes you are taking someone who has a low income and “blessing” them with higher home maintenance expenses than they can afford. That’s really not a blessing at all. It’s a curse.
Many times on Extreme Makeover Home Edition, the show helps homeowners become debt free through generosity but the temptation to tap into the home’s equity proves too great for some. After all, the banks are more than happy to lend them the money, and they willingly tell the homeowners that it’s a good idea to go into debt to generate “income” to live on.
Think you would love to have a house like that? Could you really afford the utilities on a place like that? Could you really afford the cost of maintaining a house like that? If you can’t afford the home you live in now, what makes you think a bigger, better place is really that much better?
Certainly Extreme Makeover Home Edition is a wonderful show with a wonderful mission and they help a lot of needy people. I just think it needs to be noted that not all happy stories have happy endings. What would you do if you were given a $450,000 gift dream home? Would you truly be prepared to handle the blessing? Maybe now is the time to start good money habits so you are prepared when life blesses you. Don’t let life’s blessings become curses.Matt Wegner is a personal finance, small business and leadership coach focused on teaching his clients the tools for L.I.F.E. (Living In Financial Excellence). Start preparing for life’s blessings by requesting a free planning session today or visit financialexcellence.net.