Balancing Money and Mindset: Tackling Lifestyle Creep, Inflation, and Financial Goals



In this episode, Pete Gutekunst dives into the challenges many of us face when balancing financial goals with the realities of modern life. From lifestyle creep to rising costs and the struggles of high-income households, Pete shares actionable insights on how to take control of your finances without sacrificing your quality of life.

Here’s what you’ll learn in this episode:**
– What lifestyle creep is, how it sneaks up on you, and the signs to watch out for.
– Why tracking your spending is critical for financial success and how to master it.
– How to navigate financial dynamics in relationships, balancing different spending habits and priorities.
– The “Henry” phenomenon (High Earners, Not Rich Yet) and strategies for turning income into real financial security.
– How inflation and interest rates impact your finances and ways to manage these pressures.

Pete’s relatable stories and expert advice make this episode a must-listen for anyone looking to improve their financial planning while staying grounded in their personal values.

 

 

 

Any opinions are those of Pete Gutekunst and not necessarily those of Raymond James.  This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Past performance is not a guarantee of future results. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation.