episode: 81

Lifestyle Creep: The Silent Threat to Your Retirement Plans

August 21, 2023

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Circumvent the Lifestyle Creep Trap

Lifestyle creep—a subtle increase in expenses as income grows—can have a substantial impact on your financial future. It is a subtle yet powerful force that can silently erode your retirement plans. Ignoring this phenomenon can have serious consequences, potentially downgrading your anticipated lifestyle and derailing your wealth-building goals.

Recognizing the importance of aligning yourself with the right financial influences can be a game-changer in successful retirement planning.

Join Keith and Marcelo as they dive deep into effective strategies that will help you circumvent the lifestyle creep trap. They’ll shed light on how this pervasive trend affects retirement planning and equip you with the knowledge you need to safeguard your financial well-being. Empower yourself with this invaluable information and set yourself up for a successful future.

Thank you for tuning in and taking control of your financial destiny!

Match Retirement Savings to Lifestyle Expenses

  • Lifestyle creep: identifying it, avoiding it, and problems that can arise (0:50)
  • The importance of matching retirement savings to lifestyle expenses (5:28)
  • Avoiding lifestyle creep by budgeting, planning, establishing shared values (12:27)
  • The growing perception that home ownership is unattainable (15:30)
  • Feel rich by associating with frugal friends who have similar financial goals (15:36)
  • And much more!

Mentioned in this Episode:

Meet your hosts

Keith Matthews

Keith Matthews

Partner & Portfolio Manager

Marcelo Taboada

Marcelo Taboada

Associate Portfolio Manager

Lawrence Greenberg

Lawrence Greenberg

Associate Portfolio Manager

Thanks for Listening!

Be sure to subscribe on AppleGoogleSpotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112 Follow Tulett, Matthews & Associates on social media on LinkedInFacebook, and more! Follow The Empowered Investor on FacebookLinkedIn, and Instagram

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