The dangerous side of lifestyle inflation & how to avoid it

Lifestyle inflation might be the reason why you're still broke! Let's talk about the dangers of lifestyle inflation & I'll show you practical tips on how to avoid it.

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T I M E S T A M P S :

00:00 Intro
1:03 The dangerous side of lifestyle inflation
4:03 Debt among young people
5:12 The role social media plays in lifestyle inflation
6:33 The fake side of social media
8:19 Getting out of the endless cycle of comparison
9:07 3 Foolproof ways to avoid harmful lifestyle inflation
9:15 1. Stop & Evaluate
9:43 2. Start saving today
11:45 Reflect on your goals - dig deep!
13:33 Make sure you have a plan
14:11 Outro


S O U R C E S :
(in order of appearance)

https://www.cnbc.com/2022/12/21/1-in-...
https://www.br.de/nachrichten/bayern/...
https://www.merriam-webster.com/dicti...
https://www.chicagobooth.edu/review/w...
James Welsh: The 'Fake Wealth' Industry Making Influencers Look Rich - Instagram VS Reality    • The 'Fake Wealth' Industry Making Inf...  


D I S C L A I M E R :

The information provided in my videos is not intended as investment, financial, tax, or legal advice. All information provided is for educational purposes only. I am not a Certified Financial Planner. Investing in the stock market involves risks and may result in loss of principal and capital gains. Past market performance does not guarantee future results.

#lifestyleinflation #alwaysbroke