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Monday, September 21, 2015
JAMES CLEAR:The Proven, Reasonable and Totally Unsexy Way to Become More Successful
There is a common phenomenon in the world of personal finance called “lifestyle creep.” It describes our tendency to buy bigger, better, and nicer things as our income rises.For example, say that you receive a promotion at work and suddenly you have $10,000 more of income each year. Rather than save the extra money and continue living as normal, you’re more likely to upgrade to a bigger TV or stay at better hotels or buy designer clothes.
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