<![CDATA[How lifestyle creep can threaten your retirement]]>

Summary: Doctors work hard for years, so when they finally start making good money, it is tempting to spend it. This is called "lifestyle creep." As income goes up, so do expenses like fancy cars, big houses, and expensive vacations. Because doctors start their careers later and often have huge student loans, spending too much right away can ruin their chances of a comfortable retirement. It is important to save early and keep spending in check!

Source: Medical Economics URL: medicaleconomics.com/view/how-lifestyle-creep-can-threaten-your-retirement (opens in new tab)