Paula Tant: There are three major takeaways that I got from this conversation with Michael Kitzis. She says if you're going to inflate your lifestyle, ideally do it in a way where you're trading dollars for hours more so than objects. Takeaway number two is be very careful about recurring expenses such as vacations and traveling. Chief takeaway number three came at the end when he said, it's not the degree, it's the skills and the confidence.

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