Скачать или смотреть How To Avoid LIfestyle Inflation? | Lifestyle Creep

Lifestyle inflation or lifestyle creep happens when you spend more whenever you earn more.

In general, if you do well in life, you should also be able to enjoy your success. However, increasing your expenses - especially fix cost - is dangerous if your salary increase is only temporarily.

To reduce risk of losing a job or earning less, you want to avoid lifestyle inflation as much as possible.

In this video, I am sharing my strategies that help me to avoid lifestyle creep.

0:00 Introduction
0:21 Definition of Lifetyle Inflation
1:01 Is Lifestyle Inflation Really Bad?
2:21 Strategy 1: Big changes in life are driving expenses (not salary increases)
6:00 Strategy 2: 20% Saving Rule is Dangerous
9:31 Strategy 3: "I am the richest kid in my neighborhood."
11:10 Strategy 4: Look Like the Poorest Kid in you Circle of Friends
12:13 Strategy 5: Have a Big Financial Goal
16:55 Outro