And here are the goodies for this week…
The Curse of Lifestyle Inflation (Kong Template)
Lifestyle inflation basically boils down to this. Your spending increases with your income. It’s quite interesting understanding why we always want more stuff. I know what you’re thinking. Isn’t that normal? Isn’t that the whole point of making more money? So that you can buy nicer things?
Real Cost To Own The World’s Most Expensive Toyota Prius (Investment Cache)
The example here in this post is a car, but it could have been any other “non-essential” item that is simply expense off or depreciates over time. A dollar spent is always worth more than a dollar if you take into account opportunity cost. In the long term, such cumulative expenditures can seriously derail you from your financial target.
Principles (The Simple Dollar)
You are better off handling challenges now and saving resources for the future, because your future self is rather unreliable. The more you rely on your “future self” to take care of something, the less likely it is to ever take place. You are almost always better off bearing that burden now than later, because your later self is almost always going to be in a more difficult situation than you’re in right now.
5 Reasons my Parents Escaped the Lower Class (and No, it’s not Hard Work) (The Give and Get)
I realize it sounds like a small thing – my dad was not a complete obstacle to my mother’s career. But I have seen the reverse pretty frequently, even in subtle ways. It occurred to me later in life that a lot of men will block their wives from advancing in their careers and, those who don’t actively impede are still unlikely to do much to support their wives, particularly when such support is to their own detriment, and if the wife is not earning as much.
There’s a term for people born in the early 80s who don’t feel like a millennial or a Gen X-er — here’s everything we know (Business Insider)
If you feel sort-of-but-not-quite like a millennial, and sort-of-but-not-quite like a Gen X-er, take heart: You might just be a Xennial. That’s a term for the “micro-generation” born between 1977 and 1985.
And here’s a quote to round it up.
