Created by “Your Rich BFF” Vivian Tu, the S.T.R.I.P.
method can help you build wealth and avoid lifestyle creep as you advance your career.
), its understandable that youd want to take advantage.
Its so important [to save and invest] because its today-you taking care of future-you.
Lifestyle creep happens when people start to cut out that 20 percent, says Tu.
Its so important [to keep that up] because its today-you taking care of future-you.
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Figuring out exactly how to do that, however, is often easier said than done.
Thats why Tu has created what she calls the S.T.R.I.P.
Read on to learn how you could use the S.T.R.I.P.
method to build wealth while tamping down on lifestyle creep (or avoiding it altogether).
What is The Missionary Sex Position?
Think: credit-card debt, student loans, and mortgages.
Prioritize paying off the highest-interest debts first because they accumulate the fastest, says Tu.
Anything above seven percent is a top priority, and anything below that is on the back burner.
P: Plan
The last (but certainly not least) piece of the S.T.R.I.P.
…
method to build wealth is the planning part.
To learn more financial tips for fending off lifestyle creep, listen to thefull episode here.
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