2189: Why Lifestyle Inflation is Harmful and How to Avoid it by Mr. Finer

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🗓️ 31 January 2023

⏱️ 11 minutes

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Summary

Mr. Finer talks about the dangers of lifestyle inflation Episode 2189: Why Lifestyle Inflation is Harmful and How to Avoid it by Mr. Finer Mr. Finer is a normal salaried employee who achieved FI with no side hustle or other income sources. After spending a decade without any plan, he started pursuing FI in his 30s, and achieved it at 40. He created his blog to share experiences, mistakes, successes, benefits, positives, and negatives from his journey. The original posts are located here: https://mrfiner.com/why-lifestyle-inflation-is-harmful-and-how-to-avoid-it/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	Welcome aboard this Air France podcast message. Air France and its crew invite you to discover
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0:30.4	This Sunday we're live from the home of smart energy use, three occasion drive and Dave
0:34.8	Davos peck them off to a ployer. Bat's cooking next week's meals off, night's nutmeg
0:39.7	and now the washing machines on then straight into the hiding. Please see for the home side.
0:44.7	Thanks to the hard price electricity, brim British gas. Full time, Davos saved it all for
0:49.8	the Sunday. Now we can enjoy the football. Get half-crest electricity every Sunday with
0:54.7	British gas peak safe. Sunday's 11 to 4 and 24th of September. Season C's apply smart
0:59.3	me to required. This is Optimal Finance Daily episode 2189.
1:05.1	While lifestyle inflation is harmful and how to avoid it. By Mr. Finer of MrFiner.com.
1:12.0	And I'm your host and personal finance enthusiast Diana Mariam. Let's get right to today's
1:17.1	article and start optimizing your life. How lifestyle inflation is harmful and how to
1:26.2	avoid it. By Mr. Finer of MrFiner.com. Life style inflation is a silent killer of wealth.
1:35.1	Thinking differently about lifestyle inflation may help in dealing with it. What is lifestyle
1:40.6	inflation? Life style inflation, also known as lifestyle creep, happens when people spend
1:46.5	more and more money to achieve a higher standard of living. Lifestyle inflation can occur
1:51.8	in any area from everyday expenses like a cup of coffee to big purchases like buying a car.
1:58.4	When Jack starts at his first job, he may buy a used car as his first car. After a few
2:03.5	years he gets a promotion, so he upgrades to a brand new car. A few years go by and the
2:09.0	new car is replaced with a newer SUV. A few years later comes a luxury car. After that,
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