“Don’t Be a (Lifestyle) Creep! How to Use Your Raise to Build Wealth”

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 15 May 2025

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A raise is cause for celebration, but if you’re not careful, it can also lead to lifestyle creep—a sneaky culprit that keeps you living paycheck to paycheck, even with a bigger paycheck. Today, Nicole helps a Money Rehabber design a game plan to maximize their raise, pay down debt, and hit their financial goals without falling into the lifestyle creep trap. If you’re ready to automate your budget, boost your savings, and stay on track, Bank of America has the tools to help. Learn more at bofa.com/FinancialNextSteps.

Transcript

Click on a timestamp to play from that location

0:00.0	Support for today's episode comes from Square, your all-in-one business partner making your day-to-day easier.
0:05.0	From point-of-sales systems and payments to inventory and customer tools,
0:09.0	Square brings everything together in one simple platform, keeping things organized and streamlined,
0:14.0	which is honestly pure magic when you're running a business.
0:16.0	Whether you're running a coffee shop, a salon, boutique, or something entirely your own,
0:20.0	Square gives you the flexibility or something entirely your own,
0:26.0	Square gives you the flexibility to grow at your own pace and even set up an online store in just a few clicks.
0:31.2	And right now, listeners can get up to $200 off Square hardware when you visit square.com slash go slash MN as in Money News Network. That is SQUA-R-E.com-E dot com slash GO slash M-N. Visit Square to get started because the right tools make all the difference.
0:43.4	And I know this firsthand. I love visiting La Cologne in Beverly Hills. They use Square to run an airtight
0:48.5	operation. Normally when I'm there, it's for a fast caffeine fix. I am on the go, so it is a
0:54.1	lifesaver that I can pay quickly.
0:55.7	Square keeps up so you don't have to slow down. Get everything you need to run and grow your business
0:59.6	without any long-term commitments. So why wait? Right now, you can get up to $200 off Square hardware
1:04.4	at Square.com slash go slash MN. That's SQ-U-A-R.com slash G-O-S-M-N.
1:12.4	Run your business smarter with Square. Get started today.
1:15.1	One of the things I really love about my work is the fact that I can do it from anywhere.
1:18.6	And getting a change of scenery can really help inspire creativity in my work and has once or twice or maybe more cured my writer's block.
1:25.7	Being a way for work, for fun, or for both is a perfect
1:28.9	opportunity to host your space on Airbnb. That way, not only do you get to experience a new
1:34.5	part of the world, but you're also making money while you're doing it. And if you think hosting
1:38.4	is overwhelming, I have a solve for you. With Airbnb's co-host network, it is easier than ever
1:43.7	before to host. Now you can hire a high-quality's co-host network, it is easier than ever before to host. Now you can hire a
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Money News Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Money News Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.