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434 | The Transtheoretical Model of Change | Roundup with Ginger

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The Cost Phi Concept

Cost Phi is when you get to the point where more or less you've saved enough, your net worth is significant enough that it's growing in the background. That all you have to do on an annual basis is earn enough money to cover your expenses. And then eventually you will coast on into Phi, right? In that money that's working and compounding in the background is just getting you there while you're concurrently, just basically living paycheck to paycheck.

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