52 min
Mindful Spending & Navigating Lifestyle Creep with Cris Caruso The Prosperous Empath® Podcast
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- Careers
In this episode of the Prosperous Empath®, I’m sitting down with financial advisor and UNBOUNDED Mastermind Alum, Cris Caruso to talk about a phenomenon that many people have experienced in recent years: lifestyle creep. Cris has been in the financial services industry since 2004 and a financial advisor since 2008. Beyond that, she has pursued additional education in understanding how our behaviors shape financial outcomes by earning the Behavioral Financial Advisor designation from Think2Perform. She also earned the Accredited Domestic Partnership Advisor credential prior to 2015 as a way to support her LGBTQIA+bclients and continues to use this knowledge to work with unmarried couples and non-traditional families. You’ll appreciate her unique experience throughout today’s episode as she speaks on lifestyle creep, or lifestyle inflation, which is overspending on things that you don’t actually need as your income increases. When you’re early in your career, your spending habits focus on must-haves like housing and groceries. But as your income increases, it’s easy to lose track of what is a necessity and what are simply too many luxuries, and to just keep buying more. Cris and I discuss both values-based and practical strategies on how to identify the areas of your life you should spend generously on and where to be more mindful to reach your long-term goals. How do you live in alignment with your money, especially as an entrepreneur and an empath? You’ll get an answer to this question as you listen to our thought provoking conversation on purposeful spending, the importance of allowing yourself to have fun & fabulous experiences, and more.
Topics:
Understanding lifestyle creep and how to identify and avoid meaningless overspending The importance of spending generously on things that truly satisfy you and how to identify what they are Recognizing how perfectionism, scarcity mindset, and societal expectations are contributing to your relationship with money Finding the right balance between lifestyle creep and mindfully increasing your spending as your income grows Navigating financial planning as an entrepreneur with a fluctuating income that often grows quicker than expected How to start investing in a way that is aligned with your values and vision
Episode Resources:
The Millionaire Next Door The Next Millionaire Next Door We Should All Be Millionaires BottomLine Join us on April 15th at 12pm ET for our monthly Non-Networking Power Hour for Empath Entrepreneurs with our UNBOUNDED Mastermind Community for deep connections and meaningful support.
Connect with Cris:
Website Facebook Instagram: @savoirefinancial LinkedIn
Connect with Catherine:
Website LinkedIn Instagram YouTube Sign up to receive my weekly digest on empathic entrepreneurship and hear from voices committed to spreading this message, sent straight to your inbox every Friday since 2016, here.
Work with Catherine:
Interested in working 1:1 with a certified coach on Catherine’s team, or joining her in one of her premium mastermind programs? Schedule a low-pressure call to begin the conversation here.
Visit this episode's full show notes page here.
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The Prosperous Empath® Podcast is produced by Heart Centered Podcasting.
In this episode of the Prosperous Empath®, I’m sitting down with financial advisor and UNBOUNDED Mastermind Alum, Cris Caruso to talk about a phenomenon that many people have experienced in recent years: lifestyle creep. Cris has been in the financial services industry since 2004 and a financial advisor since 2008. Beyond that, she has pursued additional education in understanding how our behaviors shape financial outcomes by earning the Behavioral Financial Advisor designation from Think2Perform. She also earned the Accredited Domestic Partnership Advisor credential prior to 2015 as a way to support her LGBTQIA+bclients and continues to use this knowledge to work with unmarried couples and non-traditional families. You’ll appreciate her unique experience throughout today’s episode as she speaks on lifestyle creep, or lifestyle inflation, which is overspending on things that you don’t actually need as your income increases. When you’re early in your career, your spending habits focus on must-haves like housing and groceries. But as your income increases, it’s easy to lose track of what is a necessity and what are simply too many luxuries, and to just keep buying more. Cris and I discuss both values-based and practical strategies on how to identify the areas of your life you should spend generously on and where to be more mindful to reach your long-term goals. How do you live in alignment with your money, especially as an entrepreneur and an empath? You’ll get an answer to this question as you listen to our thought provoking conversation on purposeful spending, the importance of allowing yourself to have fun & fabulous experiences, and more.
Topics:
Understanding lifestyle creep and how to identify and avoid meaningless overspending The importance of spending generously on things that truly satisfy you and how to identify what they are Recognizing how perfectionism, scarcity mindset, and societal expectations are contributing to your relationship with money Finding the right balance between lifestyle creep and mindfully increasing your spending as your income grows Navigating financial planning as an entrepreneur with a fluctuating income that often grows quicker than expected How to start investing in a way that is aligned with your values and vision
Episode Resources:
The Millionaire Next Door The Next Millionaire Next Door We Should All Be Millionaires BottomLine Join us on April 15th at 12pm ET for our monthly Non-Networking Power Hour for Empath Entrepreneurs with our UNBOUNDED Mastermind Community for deep connections and meaningful support.
Connect with Cris:
Website Facebook Instagram: @savoirefinancial LinkedIn
Connect with Catherine:
Website LinkedIn Instagram YouTube Sign up to receive my weekly digest on empathic entrepreneurship and hear from voices committed to spreading this message, sent straight to your inbox every Friday since 2016, here.
Work with Catherine:
Interested in working 1:1 with a certified coach on Catherine’s team, or joining her in one of her premium mastermind programs? Schedule a low-pressure call to begin the conversation here.
Visit this episode's full show notes page here.
--
The Prosperous Empath® Podcast is produced by Heart Centered Podcasting.
52 min