This is a true story of a lotto winner in England! Obviously it’s an extreme example in his windfall, spending, and downfall, but I think all of us can fall victim to a similar mentality. This idea that success or happiness with money is just the next raise or windfall away. When when that money comes, it gets spent and you need even more to continue your now more expensive cost of living.
Beware of lifestyle creep. Make a plan to save and invest part of your income and future raises before you spend them. Find happiness in relationships and experiences, not in spending and stuff.
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
-Jeremy
via Instagram
Taking out a loan for a car is a GREAT way to lose money
Welcome to Personal Finance Club where it’s shit on car loans Saturday! People are so weird about cars. So many of us otherwise