In this episode, Nathan breaks down the reality of lifestyle creep. How your expenses naturally increase as your income grows. Learn when it’s justified and when it’s keeping you trapped. From personal stories of owning luxury cars to practical budgeting strategies, Nathan reveals the freedom test to evaluate every financial decision and why delayed gratification during your 20s and 30s could be the key to true financial freedom.

00:00 – So, what is lifestyle creep?
01:13 – Understanding lifestyle creep vs inflation
02:08 – Personal story: from $50k to $100k income
04:37 – Why lifestyle creep didn’t affect Nathan early on
05:59 – Common lifestyle creep expenses
06:59 – Valuing your time and outsourcing decisions
08:29 – Health, fitness and lifestyle choices
10:24 – The cost of celebrating promotions
13:00 – Budgeting strategies for different life stages
15:00 – Wasteful spending to avoid
18:00 – The freedom test for financial decisions
20:00 – Health vs material possessions
21:21 – Budget, know your goals & apply the freedom test

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