"You've heard the seemingly outrageous stories of families
who earn hundreds of thousands of dollars and still can't make ends
meet. How can that happen?"
Trent Hamm explains: "One of the biggest reasons that high-earners struggle to pay their bills is lifestyle creep.
Here's how it happens: As people gradually earn more money, they begin
to buy more expensive things, and those purchases often result in a lot
of debt, maintenance, taxes and expensive insurance bills. Over time,
the bills required just to keep and maintain those expensive items can
gobble up your income, leaving you with all the old worries and more
career stress than before."
Sound familiar? I hope not but, if it does read Hamm's article: 5 Ways to Avoid Expensive 'Lifestyle Inflation.'
"Don't let mindless overspending decimate your increasing salary and delay financial milestones."
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