THE WORST FINANCIAL MISTAKE || HOW TO AVOID LIFESTYLE CREEP!!

Lifestyle creep keeps a lot of people living paycheck to paycheck and it occurs when a person's standard of living increases as their income increases. Things that used to be luxuries now become necessities and all the extra income is swallowed up in new expenses.
In today's episode, I am discussing practical ways in which you can avoid lifestyle creep and how to best take advantage of an increase in your income.
Enjoy,
Coach Susan.
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Music: Flow
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[@DanielMuringe]

Wow Susan.... I'm a 17 year old high school leaver and I find your advice golden. Its really mature and enlightening. It's a surprise that they do not teach this in school. I'm sure by following you I'll be better financially even at my age.

[@josephmwaura768]

I've learnt a very key point, that budgeting is telling money where to go instead of asking where your money went Thank you indeed

[@mikeindangasi716]

some of the lifestyle creep you never notice until its an experience. How i wish one can realize early enough

[@goodjoseph220]

Absolutely true. I talk about every time why you shouldn't up your appetite when income increases. This habit has trapped a horde number of middle incomers into poverty .

[@susan.wanjiku_]

Absolutely true! 💯💯

[@tabbymaina1497]

Thank you Susan, I discovered your content lately and I really love it

[@tsumaalex]

We are learning I'm telling you! Much appreciated Susan.

[@mwaurakihiu1996]

Thank you Susan, Great Content! You've gained a new subscriber.

[@annnduku2978]

Wise ideas given for free here. Very helpful info to help one in today's life. Thank you Susan.

[@adannoor6482]

Glad I discovered this channel...Informative!

[@muriukijoseph1785]

I like your content and the passion that you have in what you do. Kudos! Keep it up 💯💯💯

[@francisking5939]

Coach Susan very well stated, we should be intentional in managing expenses.

[@christinekaptuya7606]

Quite informative. Thank you Susan

[@ben2252]

Noted Susan.I will plan even if i don't have money.

[@armandojohanna6000]

You have changed my life just by watching you on KZbin for a little over 3 years now ❤❤🇳🇦🇳🇦🇳🇦

[@dorahmulinge3800]

Good pointers, your knowledge is practical. Taking no. 5 seriously

[@zacharialusenaka1555]

Your highness, thanks for being there for Us. Live long Madam

[@collinsangute301]

point on Suzie, keep us enlightened

[@vennahmogere1818]

Thanks, Susan. By watching most of your videos, I've come to realize the tremendous improvement in my financial literacy. With time, I'm confident in attaining my financial wellness. Keep it up!!

[@joywambui5748]

thanks too girl... very helpful indeed!!!

[@charleschege3785]

These expositions are very educative...I regret that in our school curriculum there is nothing to address these financial matters which are essential for development.

[@joshuakipkemoi1483]

Great video 👏🏽.Really love your content. Thank you so much.

[@susan.wanjiku_]

You are welcome! :)

[@wanjikumuragu5113]

Very good work my namesake ❤️👏

[@douglaskinyanjui2941]

Wow I felt like you were talking to me they was a time I was earning 32k but my salary now is more than 200k and still I live pay cheque to pay cheque I keep on procrastinating saving and investment

[@estherndira4336]

Wow....gal you are God sent....you are really speaking to me

[@kingnova3104]

Really love your videos. thought-provoking, informative .

[@susan.wanjiku_]

Thank you for your kind words! 😊

[@lucassakala3352]

Thanks so much for your message mama

[@leworlsabi3991]

Excellent 🎉🎉🎉

[@leister3348]

Thanks dia , very educative

[@peterochino5996]

Doing good girl... Great content

[@tonyabedmwau398]

i like your videos, very educative

[@kuikamau3945]

Thanks coach for this amazing content. Which is the best way to save for going back to school as an adult? Starting from scratch?

[@mosesfabian2185]

Very very educational ❤️❤️❤️❤️✅✅✅

[@yaniwilliamson]

Escape the Creep: How to Build Wealth While Living Well is a great book about lifestyle creep

[@ephantusmacharia9010]

I'm more enlightened. Thanks

[@juliusnduati6277]

I like the advice on lifestyle crepe and

[@twentythird_]

your doing a good job

[@tutoralex4719]

Wise advise

[@utdforever9236]

thank you for the wisdom...........you are beautiful

[@onyekachilorenz]

Thank you, very much, Ma

[@eliudmathu8781]

Hello madam Susan?I started investing in Nairobi securities exchange in 2006 during Kengen intial public offer.So far I have pumped more than 4m but if I sell today, those shares from 8 counters can only fetch me half of what I have invested.I know it's a paper loss but is NSE the best investment opportunity?

[@Nimo_Ann]

Very Nice.

[@susan.wanjiku_]

Thank you :)

[@kiongolinet7724]

Hapo kwa the body refuse something has twinkled me...once a friend bought food from kibanda since he was broke but before he eat the food a client tipped him with a 1k ,he told us the food has lost taste even before tasted and order for Better food ...this was funny how money makes your body respond to situation!!!

[@felicemwadime9491]

So nice

[@QuickFixHQ]

#Money&Sense! .....Yours is #LitContent! ....$$$... Good gal! Keep it up! Wapi hiyo link umesema utaweka? Ama Bado?

[@victorbrian9954]

i regret why i didn't know this channel before

[@joshuamwendwa5462]

How about you spend what is left after saving...and spending budget wise

[@fredricknyakuna2842]

Kindly madam Susan how can I get the budget tracker app on my phone so that they can helper in planning my finances? Thank you

[@agnetahkuya183]

So helpful

[@susan.wanjiku_]

Thank you for watching :)

[@lalipa08]

Lol lol lol 😂😂😂 ati your body starts rejecting somethings... Hahahah... Coach Susan ushasema.... We will behave lol lol.. thank you so much for the great advice you give us always💯💯💯🔥🔥👍👍. truly it has changed my life... I will do better... Planning on booking one of your classes soon...

[@susan.wanjiku_]

😂😂😂 Ukweli usemwe! Looking forward to having you in the classes.

[@symongithinji9907]

Thanks

[@fredricknyakuna2842]

How do I do restructure my financial life

[@janesassy4497]

Kindly advise on cryptocurrency,is it a worthy investment?thank you for your lessons in matters finance,I have learnt alot from all your videos and I must say I have greatly improved on my financial discipline

[@cikumainone]

I was doing so well and then suddenly lost my discipline to a midlife crisis of some sort. YOLO

[@gatharajohn1291]

From kingori to here

[@leworlsabi3991]

Lifestyle creep 😢😢 hatari sana

[@solomonweru8874]

Hey Susan,those 5 points are very crucial &important, my question is ...previously you discouraged us of not putting money in saccos if I invest in passive income will It be logical if I put little money in saccos lest in stock exchange &inform my sacco

[@solomonweru8874]

That's before I take a loan as I look for more cash.

[@danielngugi8789]

Akiiiii knowledge will kill you how I like that. Can you be my advisor?

[@marydona3821]

Thank you Suzan , today is my first time in following you , but I don't regret ,subscribing to your channel ,in fact I thank God I saw your video This lesson abt worst financial mistake was all abt me. But I learnt a lot and am willing to adjust cos my dreams overwhelms me.

[@lionesslamb7049]

💌

[@fredricknyakuna2842]

Thank you so much madam! I wish I meet you earlier! I used to earn 20 k per month and now I'm earning 45 k per month! I'm I don't have any savings, emergency fund. Or insurance! My basic expenditure are rising! So where do I start to a financial freedom journal & come out of poverty

[@dorahmulinge3800]

My twin😩😄,, I must stop this

[@fredricknyakuna2842]

@@dorahmulinge3800 hmmmmm

[@fredricknyakuna2842]

Susan why you don't respond to questions??????

[@christinemuturi7582]

Hey Susan,I need to invest in the CIC mutual funds but am out of the country.How do I go abaut it,all my documents are back home in Kenya.Am sorry this is out of topic but I sent you a text on FB but you didn't respond.

[@susan.wanjiku_]

Hi Christine, You could ask one of your family members to access and scan to you your ID, a copy of your KRA Pin certificate, front page of a Kenyan bank ATM that you use and a passport photo (which can ideally be a selfie). Those are the documents you need to open an account. After that, visit the cic website and get their email address and request them for the application forms of the fund you want. Once you print and fill it in, scan it back to them on email having attached the documents i have mentioned. They should be able to facilitate opening of an account for you.

[@christinekaptuya7606]

Quite informative. Thank you Susan

[@christinekaptuya7606]

Quite informative. Thank you Susan