Avoid lifestyle inflation from "summary" of Quit Like a Millionaire by Kristy Shen,Bryce Leung
One of the biggest dangers to achieving financial independence is falling into the trap of lifestyle inflation. As your income increases, so do your expenses. You move to a nicer apartment, buy a fancier car, eat at more expensive restaurants, and before you know it, you're stuck in a cycle of working harder just to maintain your newfound lifestyle.
It's a common phenomenon, and one that's easy to justify. After all, you've worked hard to earn that raise or promotion, so why shouldn't you treat yourself to a few luxuries...
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