Most people's lifestyle is connected to their income. Lifestyle inflation will slowly creep in on whatever income they have, making it nearly impossible to save and invest. AJ explains that your lifestyle shouldn't be based on your income at all but something else entirely.

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00:00 Introduction

00:56 Your home and your car should match your net-worth, not your income

02:12 Most people have almost no net-worth at all

02:56 Where is the median/avg person in their wealth journey?

05:11 Wealthy is not income, wealth is what you keep, not spend

07:28 50% ten year rule

09:22 AJ tells his story around this mentality

11:42 Conclusion

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