240: Stop Spending Money Like a Drug Dealer

Are you a high-income earner who still struggles with money? You might be spending like a drug dealer—making it fast, and burning through it even faster.This episode reveals the shocking truth that high-income earners often make worse financial decisions than low-income earners. It all started when a new client was chastised by her friends for her low savings, despite her huge salary.We dive into the irrational mental traps that cause lifestyle creep and overspending, including a quiz that proves how your brain tricks you. More importantly, we break down rules of thumb for managing your spending so that you can learn from those who do more with less.