Lifestyle Inflation (Why Many High Earners Stay Poor)
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Lifestyle Inflation (Why Many High Earners Stay Poor)
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About this listen
You go to better restaurants, buy more things you don’t need, buy more expensive versions of things, etc. – after a while, you start spending your entire $10k paycheck.
You then become accustomed to that lifestyle and it becomes your baseline.
If you were to suddenly get demoted and have to get back to an $8k per month income – you will feel like your life sucks (even though earlier you were perfectly happy at $8k/month in income).
https://lifemathmoney.com/money-advice-avoid-lifestyle-inflation/
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