Consultants often get golden handcuffs, where they struggle to move into the next role because of their local maximum when it comes to competition. If they become accustomed to a lifestyle that’s expensive, no doubt, they have less bargaining power or the ability to decide what they want to do next, or for less.
If most of the money that you’re making you don’t ever see, you’re more likely to act in ways that benefit your future self. Whether that’s picking up more experience, making a lot more money to leverage into something that you would prefer to do, you get to control things.
In general, the big appeal to marginal propensity to save is that it effectively informs the options you’re able to do in the future. If you save more, you have less that you have to save later. Your assets can appreciate more with a greater time horizon, especially if that’s seen early in your career.
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