307: When Lifestyle Creep Catches Up to You

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 17 October 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After speaking about expenses being harder to cover lately, Derek decides to share his daily spending breakdown. Him and Johnny go over the categories and both realize that lifestyle creep is reality now for both of them. They discuss ideas to save money, what things they can slim down and what they may need to cut out all together. With everything getting more expensive and wages not keeping up, this episode is sure to relate to many others out there.

Discussed:

Where we are:

Johnny FD – Kyiv, UA / IG @johnnyfdj
Sam Marks - Barcelona, ES / IG @sammarks12
Derek – Los Angeles, US / IG @DerekRadio

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Time Stamp:

00:20 - Johnny/Derek Intro
14:52 - Gas/Auto Expenses
18:22 - Our Heads Are in Prices 10 Years Ago
22:27 - Should Derek Leave California?
34:55 - Why Johnny Likes Cheap Places

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Transcript

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0:00.0	Welcome to the Invest Like a Boss podcast.
0:02.5	I'm Sam Marks.
0:03.6	I'm Derek Sparts and I'm Johnny FD.
0:05.7	We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss.
0:10.1	Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
0:20.2	Hey bosses and welcome to episode 307 of the Vest Like a Boss podcast. Derek, can you believe
0:26.4	it's 307 already?
0:27.8	That's wild because I feel like we just celebrated this milestone in 300 and now we're
0:33.2	chugging away to 400.
0:35.7	Episodes have happened a little more often recently you guys might have
0:39.5	noticed so it's kind of good to get back into the grind of investing and the market's in a good
0:46.0	place right now we got an election coming so there's going to be all kinds of crazy stuff happening
0:50.4	that means more guests that we can have and more guests that can cancel and more fun for
0:54.9	me. So this is actually a curveball we threw in. And it came about from our quarterly update last week,
1:03.5	but you only heard it if you were in the Patreon only version. If you weren't aware,
1:08.0	every quarter, we do our quarterly updates. A lot of people really enjoyed those episodes. And for the first hour or so, we'll talk about kind of normal
1:15.6	everyday life, what's happening, what we did through the last three months. And then in the
1:19.4	back half of that episode, we saved that just for our Patreon members. We kind of dig a little
1:23.8	deeper into life. I know a lot of our health conscious things came up, Johnny.
1:28.5	We're all kind of getting into our 40s now. And it also came up that I have not necessarily
1:35.6	had any less income, but my lifestyle creep is starting to catch up. And I think a lot of
1:41.4	people out there are in the same boat right now.
	...

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