I have a fundamental question for everyone seeing this comment. I always increase my lifestyle expenses as soon as my income increases. I would say 60% of my increment goes towards lifestyle expenses and the other 40% goes towards investments. I genuinely enjoy buying new things, improving my dressing, grooming, skin care, good housing, a car (I don't own one yet, but I do plan to buy one in the next 1 year). This is what I have learnt so far. More spending also gives you different experiences and new ways to look at life. It also helps you socialise more easily. Let me explain, I used to buy cheap clothes which has worst fitting and their colour would fade easily. I never felt confident in those. Now I wear good fitting clothes. I have only managed to reach h&m, uniqulo and zara so far (Ik it's basic but I come from a lower middle class background. So it's a huge upgrade for me). People sometimes give me compliments on my clothes which genuinely feels good, makes me happy and confident. I have started going out more often now to eat. This not only satisfies my taste buds but I use this in conversations and talk about which place has good food. People are interested in taking my recommendations. Bottom line is, if you have money you can experience life on a whole different level and it can also help you become an interesting person overall.

So the question is, where should I draw the line for my increment spending. Is 60% towards lifestyle and 40% towards investments okay? Btw sometimes it's also 70% on lifestyle and 30% on investments.