A note from Daniel

Will a higher salary or net-worth solve most of our problems? Not exactly. Due to lifestyle creep (increasing your living standard to match a higher salary), many people with high salaries spend most of what they make and feel the same financial pressures as the rest of us. Whatever economic rung of the ladder you're on, that cohort has its own financial cues, expectations, and mores. It's about acknowledging that changes in one part of a system will often generate changes in another part.

Daniel The Great Mental Models, Volume 4, page 17 · December 4, 2024 Save to shelf
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