As a financial/tax professional advising clients over the past 40 years - I would expect that generating, or at least passing along, financial smarts is MY job. I have done that very thing with both high and low earners over the years, and my comments to most people have been more or less the same: the biggest detriment to a great lifestyle and decent or better retirement is "overbuying" houses and cars, and occasionally just "stuff".
The long-term cost of (over)burdening oneself with debt is crippling to middle-earners and underestimating the exact same thing - or spending as if the tap will never shut off - has the exact same result to high earners.
It's pretty simple really: for all of us "regular people", buy reasonably and spend reasonably. (I'll note that I have great empathy/sympathy for young people trapped with debt right out of school....to me that is just a dreadful way of starting out.)
For most pros and high earners: the tap DOES shut off - some day. Act like it.
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