lifestyle inflation is common and almost natural. But, if your goal is Financial Independence, however, then you cannot afford to inflate you lifestyle too much.
Early this year I had my “aha” moment. My “Why”, my reason for pursuing FI, has been staring at me the whole entire time since I discovered the FIRE movement.
It is preventing hundreds and thousands of Filipinos from increasing their net worth. It’s the main culprit that puts people into perpetual debt.
Money is freedom. Whatever your notion about money being evil and not a source of happiness is not going to help you or your offsprings. So make money and invest them in index funds.
Mitzi Laguda Lim: Success is when I have achieved my goals and vision in life. And at the center of that vision is my family.