Pick the INCORRECT statement. The following steps will help you achieve long-term financial health.

Question

CHOOSE 1
Create a plan to get to where you want to be

Control your expenses and avoid emotional spending

Commit to increasing your lifestyle costs whenever your income increases

Commit to being excellent in your career or business

Create a financial safety net

Answer 1

Commit to increasing your lifestyle costs whenever your income increases

This is the incorrect statement. Increasing your lifestyle costs as your income increases can lead to lifestyle inflation, which can hinder your ability to save and invest for the future. Instead, it's advisable to maintain or modestly adjust your lifestyle and direct additional income toward savings, investments, and debt reduction to achieve long-term financial health.