129. Are you a HENRY? Escaping the traps so you can build wealth

Are you earning big but feeling broke? You're not alone. Welcome to the world of the H.E.N.R.Y.—High Earner, Not Rich Yet. This growing demographic of six-figure earners finds themselves in a financial paradox, with significant income but little to show for it in savings or investments. This episode dives into the two primary culprits behind the HENRY trap: the combination of lifestyle creep and a lack of a clear financial plan. We’ll show you how to hit pause, realign your spending with your values, and stop comparing your life to everyone else's.Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/129-are-you-a-henry-escaping-the-traps-so-you-can-build-wealth/Monarch Referall Link: Monarch Expense Tracking - Get 50% off you first year