Why You Still Feel BROKE (Even With a Big Paycheck) 💸 | Parkinson's Law Explained

11/12/2025 21 min Episodio 20
Why You Still Feel BROKE (Even With a Big Paycheck) 💸 | Parkinson's Law Explained

Listen "Why You Still Feel BROKE (Even With a Big Paycheck) 💸 | Parkinson's Law Explained"

Episode Synopsis

We explore Parkinson’s Law—the idea that your spending rises to meet your income—and how the "dopamine rush" of buying new things keeps us trapped in a scarcity mindset. From the power of charitable giving to the importance of tracking your "monthly burn rate," this episode gives you the mental frameworks to stop feeling broke and start building a legacy.Key Takeaways:🔸 Parkinson’s Law: Why earning more money often leads to spending more money, leaving you feeling just as broke as before.🔹 The Dopamine Trap: Understanding why we buy things we don't need (like that flat-screen TV) for a fleeting rush, and how to pause before purchasing.🔸 Scarcity vs. Abundance: How giving money away (even when you think you can't afford it) can actually break the cycle of feeling poor.🔹 The Power of Vision: The story of the swimmer in the fog and why you need a clear financial "shoreline" to keep going.Question of the Day: If you received a $20,000 raise tomorrow, what is the first thing your gut tells you to do with it? Let us know in the comments below! 👇
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