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Content provided by Chris Abraham. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Abraham or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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The High Cost of Normal

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Manage episode 500629637 series 2515319
Content provided by Chris Abraham. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Abraham or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Your Burn Rate Problem

The provided text, "Your Daily Latte Won't Buy You a House — But Your Burn Rate Will Keep You Broke," argues that individual spending habits, labeled "burn rate," are the primary obstacle to financial stability and wealth building, rather than small discretionary purchases like a daily latte. The author contends that many Americans have adopted an unrealistically expensive "normal" lifestyle encompassing numerous subscriptions, frequent food delivery, luxury car leases, and excessive consumerism. This high burn rate, the text suggests, consumes income before any savings or investments can occur, making it impossible to achieve significant financial goals like homeownership. The article challenges the notion that these modern conveniences are essential and posits that wealth accumulation requires significant trade-offs and a reevaluation of what constitutes a "normal" expenditure.

  continue reading

407 episodes

Artwork
iconShare
 
Manage episode 500629637 series 2515319
Content provided by Chris Abraham. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Abraham or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Your Burn Rate Problem

The provided text, "Your Daily Latte Won't Buy You a House — But Your Burn Rate Will Keep You Broke," argues that individual spending habits, labeled "burn rate," are the primary obstacle to financial stability and wealth building, rather than small discretionary purchases like a daily latte. The author contends that many Americans have adopted an unrealistically expensive "normal" lifestyle encompassing numerous subscriptions, frequent food delivery, luxury car leases, and excessive consumerism. This high burn rate, the text suggests, consumes income before any savings or investments can occur, making it impossible to achieve significant financial goals like homeownership. The article challenges the notion that these modern conveniences are essential and posits that wealth accumulation requires significant trade-offs and a reevaluation of what constitutes a "normal" expenditure.

  continue reading

407 episodes

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