Left unchecked, there’s one thing that’s almost certain to happen in the lives of most people as they grow in their careers:
The more money you earn, the more money you will spend.
This is the core concept of lifestyle inflation. It’s a difficult trap to avoid. Preventing growth is easier than downsizing later in life.
Purchases that tie us down for years are the hardest to handle. Student loans, home purchases, and cars are the leading limitations, but health care expenses can be a burden with a single emergency while uninsured.
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