Why High Earners Also Need Help Managing Money

  • The more money you earn, the more complex your tax payments become
  • The more you earn, the less time you (usually) have to do your research and educate yourself on your financial options
  • The more you earn, the more you think you can spend (also called lifestyle inflation)
  • The more you earn, the more likely you are to be targeted by scammers, overpriced financial advisors and snake-oil salesmen.

Understanding complicated taxes

Learning about investing

Managing lifestyle spending

  • Pressure from society: “You’re a high earning lawyer now; you should be able to buy a nicer car”
  • Relying on a higher future income: “I will earn even more money in the future, so I should be able to take on as much debt as I like and pay it off later”
  • The “I deserve” this mentality: “I work long and hard hours; I deserve a nice car and a nice house”

Prioritizing financial education

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