What's Parkinson's Law?-Becoming Your Own Banker #9
Channel: Wealth Nation
Date: 17/12/2018

R. Nelson Nash observes that "a luxury once enjoyed becomes a necessity," highlighting how rising income often leads to increased expenses due to Parkinson's law.
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A luxury once enjoyed becomes a necessity," says R. Nelson Nash.  Have you ever noticed that once your income rises your expenses rise with it? Why is that? Well... due to Parkinson's law,  we become accustomed to the "finer" things in life and they slowly become apart of our daily necessities.  For example, grooming, more expensive clothing, more expensive groceries, etc. What luxury have you brought into your life that you've become accustomed to?