Especially considering that at the time they could have just bought a house minutes from their office on a year’s salary instead of being over their head in debt because they preferred living in the next city in a house worth a couple millions…
That’s why lifestyle creep is a tough one. You make more money and then start thinking you want a bigger home, nicer car, eat out a lot more etc. It’s hard to scale back from that when the times get tougher as selling a multi-million home isn’t that easy.
Especially considering that at the time they could have just bought a house minutes from their office on a year’s salary instead of being over their head in debt because they preferred living in the next city in a house worth a couple millions…
That’s why lifestyle creep is a tough one. You make more money and then start thinking you want a bigger home, nicer car, eat out a lot more etc. It’s hard to scale back from that when the times get tougher as selling a multi-million home isn’t that easy.