All
Thought leadership series
Why do high earners still feel financially stressed after upgrading?
Why do high earners still feel financially stressed after upgrading? Because most upgrades get evaluated on the wrong criteria, minimizing three key questions. "Can I afford this?" is almost always yes for someone at your income level. But that's not the question that matters. The important filter is whether the purchase expands your life or stresses it and locks it in. Before any major upgrade – new home, fancy car, status symbols - ask three questions. 1.Sustainable? Does this still make sense if your income changes or your business hits a slow year? 2.Freedom? Does it give you more options, or does it shrink them? Did that new purchase just become another responsibility or something you will truly enjoy a year from now? 3.Ego or Vanity? Is this something you actually need and brings ongoing value, or are you keeping up with the Jones’ and sending signals to the people around you? That last one is where people often see the most opportunity cost losses, and the least satisfaction over time. You work hard. And should enjoy spending your money. Just make sure you are being honest and making those choices for the right reasons and for the long run. Your future self-peace of mind (and retirement account balance) will thank you! If you want to work through a decision before you make it, that's exactly what we do. Link in bio. #LifestyleCreep #FinancialPlanning #HighIncomeEarners #CFP #WealthManagement #LifestyleInflation #MoneyMindset #PhiladelphiaFinance #SouthJersey
Osaic Wealth Form CRS
Securities and investment advisory services are offered through Osaic Wealth, Inc., member FINRA/SIPC and a registered investment advisor. Additional investment advisory services offered through Strategic Financial Advisors Corporation, a registered investment advisor. Strategic Financial Advisors Corporation and Strategic Financial Services Corporation are not affiliated with Osaic Wealth, Inc.
This communication is strictly intended for individuals residing in states where the contracted representative is licensed. No offers may be made or accepted from any resident outside the specific state(s) the representative is registered. Current registered states: AZ, CA, CO, CT, DE, FL, GA, KY, MD, NJ, NM, NY, NC, PA, SC, TN, TX, VA. Please contact us to determine the states in which each representative is registered.
Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances.
To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. Osaic Wealth, Inc. does not provide tax or legal advice.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the websites provided here, you are leaving this website. We make no representation as to the completeness or accuracy of information provided at these websites. The company is not liable for any direct or indirect technical or system issues or any consequences arising out of your access to, or use of third-party technologies, websites, information, and programs made available through this website. When you access one of these websites, you are leaving our website and assume total responsibility and risk for your use of the websites you are linking to.