After speaking about expenses being harder to cover lately, Derek decides to share his daily spending breakdown. Him and Johnny go over the categories and both realize that lifestyle creep is reality now for both of them. They discuss ideas to save money, what things they can slim down and what they may need to cut out all together. With everything getting more expensive and wages not keeping up, this episode is sure to relate to many others out there.
Discussed:
- Derek's 2023 AMEX Spend Chart
- ILAB 306: Q3 2024 Quarterly Update
- ILAB 305: The Economic and Lifestyle Value of Buenos Aires
Where we are:
- Johnny FD – Kyiv, UA / IG @johnnyfdj
- Sam Marks - Barcelona, ES / IG @sammarks12
- Derek – Los Angeles, US / IG @DerekRadio
Sponsor:
- Shopify
Shopify helps you sell EVERYWHERE. From their all-in-one ecommerce platform, to their in-person POS system–wherever and whatever you’re selling, Shopify’s got you covered. Sign up for a $1 per month trial period now at Shopify.com/ilab - ILAB Patreon
Join the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss
Time Stamp:
- 00:20 - Johnny/Derek Intro
- 14:52 - Gas/Auto Expenses
- 18:22 - Our Heads Are in Prices 10 Years Ago
- 22:27 - Should Derek Leave California?
- 34:55 - Why Johnny Likes Cheap Places
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