https://www.wacoca.com/life/373796/ The silent wealth killer: Understanding and combating lifestyle inflation #F&OTradingRisks #FinancialFreedom #FinancialSecurity #investing #lifestyle #LifestyleCreep #LifestyleInflation #LifestyleInflationInIndia #LongTermInvestments #PersonalFinanceIndia #SalaryHike #savings #SEBI #SIPs #YoungProfessionals #ライフスタイル

Every time you expand your lifestyle to match your income you reset your financial progress to zero. That raise didn't change anything. It just made the hamster wheel more expensive. Stop resetting. #personalfinance #lifestyleinflation #money

Two types of people get raises: those who get richer and those who get broker at a higher income. The raise doesn't matter. What you do with the difference matters. If it goes to lifestyle, you just got a fancier version of stuck. #personalfinance #money #lifestyleinflation

I've always thought of #lifestyleinflation negatively (the phenomenon by which the more income you have, the greater your expenses are). I now think it is positive for the individual, society and the #environment *if* the underlying cause is not an increase in the _amount_ of goods consumed but an increase in the _quality_ of goods consumed. E.g. by replacing cheap fashion with ethically-produced clothing, cheap food with organic, humane food, etc. Wealth can be used wisely.