Episode 6 – Earning Well, Saving Poorly: The Investment Mistakes Expats Make

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Information correct at the time of recording.

In this episode of our Suitcase to Settlement series, Beth Ward sits down with Max Gerstein, a financial adviser at Skybound Wealth Management, to tackle one of the most common dilemmas facing high-earning expats: earning well, but saving poorly.

For many expats, higher earnings can bring the temptation of a more luxurious lifestyle. But without proper planning, it’s easy to fall into the trap of spending instead of saving. In this episode, Max shares valuable insights on how to avoid this pitfall and create a strategy that turns high income into long-term financial security.

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In this episode, you’ll learn:‍

• The real cost of lifestyle inflation and how it derails your savings
• Why an emergency fund is essential – and how to start building one now
• The danger of putting off investments and the costly consequences
• Practical strategies for structuring your finances as an expat
• How Skybound Wealth’s unique approach can help you set up a secure financial future
  

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Don’t Let Lifestyle Inflation Derail Your Financial Future

While earning more may feel like a win, it can sometimes lead to spending more. Max explains how this is a common trap for expats, and how small shifts in financial habits can make all the difference when it comes to long-term security.

Don’t let your lifestyle get in the way of your wealth building. Learn how to balance your current lifestyle with the need to save for the future, and how making smarter decisions today can result in peace of mind tomorrow.

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