Navigating Lifestyle Creep and Building Financial Respect

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Exploring the phenomenon of lifestyle creep and offering strategies like intentional spending and saving pay raises to prevent unconscious increases in spending habits as income grows.

On today’s rewind episode, Robert Leonards chats with Aaron Nannini about ways to wisely manage your money and the importance of having a proper mindset for wealth-building. After struggling with money in his twenties and being sick of living paycheck-to-paycheck, Aaron started educating himself on personal finance.

Aaron is now the founder of CashUncomplicated.com, a personal finance website that teaches people how to achieve financial success through implementing basic and uncomplicated principles such as life goals, daily habits, intentional money decisions, and a value-based spending mindset.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

03:06 - Why behavior and mindset are so important when it comes to money.

04:42 - What value-based spending is and how it can help with balancing the YOLO and future-thinking mindsets.

06:07 - What “keeping up with the Joneses” means and why you shouldn’t do it.

10:57 - How to fight back against lifestyle creep.

12:53 - How to avoid or get out of the paycheck-to-paycheck cycle.

18:16 - What the difference is between bad debt and good debt.

18:16 - How to get out of bad debt and leverage good debt.

22:37 - If one should use or avoid credit cards and how to appropriately use them.

34:08 - What silent killers are in terms of money.

40:54 - What the shocking cost of cars is and the myths of car loans.

48:25 - How to successfully manage money with one’s partner and avoid divorce.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Recommended Book: Cash Uncomplicated by Aaron Nannini.
Recommended Book: The Millionaire Next Door by Thomas Stanley and William Danko.
Recommended Book: I Will Teach You To Be Rich by Ramit Sethi.
Recommended Book: Broke Millennial by Erin Lowry.
Recommended Book: The Richest Man in Babylon by George Clason.
Check out the books mentioned in the podcast here.

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