1. EachPod

Lifestyle Inflation and How it Impacts Your Money

Author
Annette Bau, CFP®;
Published
Wed 29 Nov 2023
Episode Link
https://themillionaireinsider.com/lifestyle-inflation-and-how-it-impacts-your-money/

Over my career, I’ve seen firsthand the impact of living rich: high income, high spending, and generally high debt. I've also seen the lives of wealthy people: earning less income and focused on accumulating wealth.

I’ve also met people who don’t fall into either category.

They are currently satisfied and even happy. They share that they don’t desire to have a ton of money.

Interestingly, many of these people have fallen into lifestyle inflation and creep, which often consumes their retirement funds.

Today, you’ll learn how to avoid this phenomenon, which can seem like no big deal but can wreak havoc on your financial future.

You'll love today's episode if you want a bright financial future and retirement.

In this episode, you will learn:

* What is lifestyle inflation

* How it impacts your financial well-being and life

* What to do to mitigate and even avoid it

* The potential impact it had specifically on women and their financial future

Links Referenced in the Show:

The Worth Barometer Guide: https://themillionaireinsider.com/wbg

Get your Free Financial Checkup:  https://themillionaireinsider.com/fc

Show notes and more information: https://themillionaireinsider.com/34 

This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.

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