8/5/2023 0 Comments The hedonic treadmillI am a bit embarrassed to say this, but I don’t see how we could spend much less than we currently do without a dramatic change in our lifestyle. My spouse and I have found this to be very difficult, both early on and now that we’re in our mid-careers. Q. I know you have recommended that attending physicians should be putting about 20 percent of their gross income toward retirement. Jim Dahle and was originally published on The White Coat Investor. It’s incredible how much one can spend when the means are there (or seem to be). Why not? The income will always be there, right? Right?Īnd then there’s Ludicrous Speed. Others are at a sprint, taking on additional debts to fund the lifestyle they’ve been dreaming of for years. Some are going at a manageable, comfortable pace and still managing to set aside plenty of money for their futures while slowly increasing their standard of living. Most high-income professionals are getting a never-ending workout on this contraption they don’t even realize they’re on: the hedonic treadmill.
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