In this episode, Sammie and Michelle discuss the concept of lifestyle inflation. They take a look at different ways they have inflated their lifestyle over the years and show how lifestyle inflation can create golden handcuffs. Avoiding lifestyle inflation is the key to building wealth and gaining financial independence.
Show Notes
- The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley, William D. Danko
- The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley, Sarah Stanley Fallaw
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