How to Maximize Wealth and Avoid Lifestyle Creep

MILMO Show

Konten disediakan oleh Lacey Langford. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Lacey Langford atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

1y ago 38:27

MP3•Beranda episode

We see money messages everywhere we go. There are advertisements on streaming services, billboards, in social media, and even podcasts that encourage us to consume and buy more. Buying more increases our lifestyle, not our wealth. How can we see past all of that each day to find our own financial clarity?

Army Veteran and Certified Financial Planner, Christopher Manske shares the common money illusions were are taught that limit our ability to build wealth and encourage lifestyle creep and how to change our mindset and actions to maximize our wealth instead.

In this episode:

The common "money illusions" that limit our ability to build wealth
What lifestyle inflation is and how it impacts wealth
Systemic issues of advisor quotas and their ramifications
How the Consumer Price Index (CPI) manipulation leads to underestimated inflation
Why "pay yourself first" is a trick that enables lifestyle creep
Why a growth mentality is difficult long-term
How putting money into savings first can pay off

The show notes can be found here: https://laceylangford.com/podcast/avoid-lifestyle-creep

308 episode

#Trading #Business #Lacey Langford #Investing #Laceylangford #Military #Money #Personalfinance #Militaryspouse #Entrepreneurship #Militaryfinance #Militarymoney #Veterans