3min chapter

The Pathless Path with Paul Millerd cover image

#132 Making Money Simple & Smart - Nick Maggiulli on blogging into a new career, writing for smart people, building relationships in the finance world, the lifestyle creep myth, dying with too much money, and money emotions

The Pathless Path with Paul Millerd

CHAPTER

The Law of the Stomach

Lifestyle creep is this idea that people sort of believe it while also not actually having it play out in their own life. So why? Like spending doesn't increase with income, even though we say things like that and reinforce this idea. And so I think the simplest analogy for this is what I call the law of the stomach: If you increased your income by 10x, would you eat 10 times more? But most people don't, right?

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