Be mindful of lifestyle inflation from "summary" of The Simple Path to Wealth by Jl Collins
Lifestyle inflation is a sneaky little devil. It creeps in when you least expect it, slowly but surely taking a bigger and bigger bite out of your hard-earned money. It's the reason why someone who gets a raise at work suddenly finds themselves no better off than they were before. You see, as your income increases, so do your expenses. You start to believe that you deserve a nicer car, a bigger house, fancier clothes. Before you know it, you're living paycheck to paycheck, trapped in a cycle of never-ending consumption. This is how lifestyle inflation works its dark magic, turning what should be a cause for celebration into a source of stress and discontent. The key to defeating lifestyle inflation is to be mindful of it. You must be vigilant, constantly on the lookout for its subtle signs. When you get a raise, don't automatically assu...
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