Life / Wealth / Behavior
The relationship between money, attention, independence and the life those resources support.
Burnout
Burnout is a work-related phenomenon associated with unmanaged chronic workplace stress, involving exhaustion, detachment or cynicism toward work, and reduced professional effectiveness.
Doom Spending
Doom spending is an informal term for spending associated with pessimism or distress about the future, often described as seeking immediate relief or enjoyment.
Financial Independence
In personal finance, financial independence means having sufficient resources or non-work income to support living costs without needing ongoing paid employment.
FIRE
FIRE stands for Financial Independence, Retire Early: an approach that aims to build enough resources to make paid work optional earlier than conventional retirement.
Generational Wealth
Generational wealth is financial resources passed between generations, including assets and support that can shape a person's choices during their working life.
Golden Handcuffs
Golden handcuffs are valuable pay, benefits or future rewards that make leaving a job or organization financially difficult.
Lifestyle Creep
Lifestyle creep is the gradual normalization of higher spending. It is commonly used interchangeably with lifestyle inflation, with emphasis on changing habits and expectations.
Loud Budgeting
Loud budgeting is an informal term for openly stating spending limits and financial priorities instead of hiding them behind excuses.
Money Anxiety
Money anxiety is a common description of worry or unease about money, including income, spending, debt and future security.
Money Trauma
Money trauma is an informal expression for lasting distress or learned responses associated with frightening, destabilizing or controlling experiences involving money.
Multiple Income Streams
Multiple income streams are two or more sources of earnings or other income available to a person or household.
Quiet Luxury
Quiet luxury is a style associated with costly, understated goods that signal refinement through materials, fit and recognizable details rather than prominent branding.
Retirement
Retirement is a life stage in which someone stops or substantially reduces their main paid work, often relying more on pensions, savings or other resources.
Rich vs Wealthy
Rich vs wealthy is a popular distinction between having high income or visible spending power and holding accumulated resources that can support life over time.
Side Hustle
A side hustle is paid work or a small commercial activity pursued alongside a main job or other primary commitment.
Time Rich
Time rich is an informal description of having meaningful control over how much time is available and how it is used.
Underconsumption
In consumer culture, underconsumption describes buying less and using possessions longer. In economics, the same word can refer to insufficient consumption across an economy.