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How can a surgeon struggle on a $665K salary? Ramit Sethi blames a certain financial mistake — here’s how to avoid it
- What: A surgeon with a $665K salary is struggling financially due to a common financial mistake.
- Why: Ramit Sethi attributes this to overspending on lifestyle inflation, where increased income is matched with increased expenses.
- Signal: Surgeons are not immune to financial struggles, despite high salaries.
- Target: Avoiding lifestyle inflation by allocating excess funds to savings, investments, and debt repayment is crucial for long-term financial stability.
- Risk: Failing to manage lifestyle inflation can lead to financial stress, even for high-income earners.