Mo Money #479 $500k income, no investments
Dec 3, 2025
Explore the pitfalls of earning a hefty $500k without building real wealth. Understand how lifestyle choices and high expenses can quickly drain your income. Learn the importance of financial targets and automated savings to keep you on track. Discover how to strategically leverage your peak earning years into tangible assets rather than lifestyle inflation. Dive into the psychology of spending and the need for objective financial advice to align goals as a couple. Smarter money moves start here!
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Big Income, Small Balance Sheet
- High income doesn't guarantee wealth; many earners have big lifestyles but little investments.
- Ben Nash highlights the "half a million dollar trap" where income outpaces asset building.
Start With A Full Money Audit
- Audit your full financial picture: income, tax, spending, assets and debts to get clarity.
- Use that clarity to model where you'll be in 6–12 months and set motivating targets.
Raised With Scarcity, Then Spend Freely
- Will Cant shares that some high earners grew up financially restricted and now prioritise spending for life experiences.
- He uses his client's story of wanting to give kids experiences after a frugal upbringing as an example.