When receiving a salary raise, most people immediately spend the extra money on material upgrades like new cars, which prevents them from investing that money toward financial freedom; instead, they should invest their raises to build assets that generate passive income.
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Avoid The 'Lifestyle Creep' Trap! Invest Your Raises 🛑Added:
Trap number one.
>> [music] >> Lifestyle.
Most people do this and they don't even know it.
>> [music] >> What do most people do the minute they getting raised?
They go and buy something. So, people are getting raises, >> [music] >> upgrading their cars.
The money's gone. That money [music] should have been invested towards your financial freedom.
So, now you know what to do.
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