Hello friend, the truth is that yes, sometimes having more money makes us have more expenses, so we must be aware of it and keep our responsibilities up to date. Thanks for sharing. Greetings.
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Hello friend, the truth is that yes, sometimes having more money makes us have more expenses, so we must be aware of it and keep our responsibilities up to date. Thanks for sharing. Greetings.
Increased expenses because of increased wealth manifests on the individual's side as well. When people have more wealth (in real estate, equities, crypto), they are more comfortable spending more of their cash and income, even though they don't have more money in cash or income. They call this the “wealth effect.” And it's devastating to one’s net worth.