Join your hosts Tom and Alex as they delve into the world of financial independence in the UK!
They cover a wide range of topics such as personal finance, career development, relationships and mental health as they discuss the strategies to success in achieving financial independence.
All content for Financial Independence UK is the property of Thomas Moreton, Alex Pettit and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Join your hosts Tom and Alex as they delve into the world of financial independence in the UK!
They cover a wide range of topics such as personal finance, career development, relationships and mental health as they discuss the strategies to success in achieving financial independence.
Welcome to the Financial Independence UK podcast! Join your hosts Tom and Alex as they talk about Lifestyle Inflation and how it impacts your FI journey.
Lifestyle inflation can sneak up on you, to define it, your outgoings increase as you earn more money. Most people will earn more over their career, this can lead to higher outgoings due to upgrading your lifestyle with the extra money. A good example of this is mobile phones, the manufacturers release new versions each year and effectively say their old thing is rubbish, you need this new one. Ever wondered why Apple is the most valuable business in the world? Also see; cars on 3 year finance cycles and luxury watches.
Pressure in life can make it very easy to spend all the money you have to feel like you ‘fit’ in.
Delayed gratification can help with making intentional purchases. Allowing a gap before parting with your money you trade hours of your life for will enable clarity as to whether you would really value a purchase rather than it being impulsive.
Lifestyle inflation will keep you forever on the hamster wheel. You get off when you retire or you die.
Financial Independence UK
Join your hosts Tom and Alex as they delve into the world of financial independence in the UK!
They cover a wide range of topics such as personal finance, career development, relationships and mental health as they discuss the strategies to success in achieving financial independence.
