Keeping Up with the Joneses
Lifestyle inflation can be the enemy of wealth building. What could happen if you invested instead of buying more stuff?
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“Cut spending.” “Slash expenses.” “Avoid shopping.”
The overwhelming advice about cutting expenses makes it sound downright unappealing. No wonder many of us haven’t learned to be good financial managers.
401(k) savings are taxed as ordinary income when funds are withdrawn.
When it comes to retirement, some people can quit working and fall immediately into good money habits that they’ve practiced for years.