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Should cover lifestyle creep #4

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snoop0x7b opened this issue Feb 20, 2022 · 2 comments

snoop0x7b commented Feb 20, 2022 •

edited

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Lifestyle creep is a phenomenon where people gain income but don't end up saving more because they spend more on luxuries. https://www.investopedia.com/terms/l/lifestyle-creep.asp#:~:text=Lifestyle%20creep%20occurs%20when%20an,former%20luxuries%20become%20new%20necessities.&text=A%20hallmark%20of%20lifestyle%20creep,right%20rather%20than%20a%20choice.

Pretty common to see in tech as your salary goes up, junior -> mid -> senior -> lead.

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emilepetrone commented Feb 20, 2022

Great idea +1

zsma0 commented Feb 20, 2022

Yeah, especially how you do budgeting and planning. And would love to hear your opinions on real estate investment if you have any!

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