Story on 12 pilots interviewed and a 50year old senior pilot used to earn $23,000/m. His expenses were published to be $19,000/m! It caused strong reactions on forums…
Lifestyle creep, what is it? It’s not as simple as #needsvswants It is something invisible and affects almost everyone. Just with different extent.
With increasing amounts of money earned, more money is spent. When your peers are having a certain lifestyle, that becomes your expectation.
Expectation of luxury goods and discretionary spending to be a right to have NOT a choice. Hence, it is perceived as a need not a want. To #savemoney well, you need to be aware of #lifestylecreep and limit it’s effect.
Athletes have been known to make money fast and spend it all away quickly. Story of Anthoine walker who lost $110m dollars Video: https://youtu.be/oNaw2bk39jY
Special tip in video towards the end!