Afford Anything | Make Smart Choices About Your Money, Time And Productivity
How to Combat Lifestyle Inflation, with Julia Kelly
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:36:16
- More information
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Synopsis
#52: Imagine transitioning from making $8.50 per hour and sharing a crammed apartment with 5 people, to becoming a six-figure business owner doing what you love. That's the journey that Julia Kelly, caricature artist and founder of JK Expressions, took. Sounds great, right? Well, as they say, more money = more problems. When Julia earned $25,000 - $30,000 per year, she had fantastic money management skills. She had no debt and plenty of savings. But when her business started making six figures, she began ignoring her finances, stopped saving money .... and racked up thousands in personal credit card debt. Why? Some of us write this off as life getting more expensive as we get older, but it's actually a classic case of lifestyle inflation -- when you make more, you spend more. After Julia began earning six figures, she decided she was no longer happy with $12 haircuts from Supercuts. She happily splurged for $75 salon style cuts instead. She started paying for convenience. One-click Amazon or