We make $300k per year but still spend more than we make - how do we get our heads above water?

Lifestyle creep is a phenomenon where high earners tend to justify increased spending, leading them to live paycheck to paycheck despite impressive incomes.

Sethi argues that just because an individual earns a high income, it doesn’t mean they are building wealth; aligning expenses with income is crucial.

A couple earning $300,000 yet living beyond their means exemplifies that without proper financial planning, high earnings can result in minimal wealth accumulation.

Credit card debt becomes less of a concern for high-income earners, yet it still signifies a need for changing spending habits to create meaningful wealth.

Read at 24/7 Wall St.