Financial Mistakes People Make After Getting A Raise

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Joining a fancy social club

You know the ones. They provide workspaces, gyms, a nice bar, an on-site restaurant, and the opportunity to “network” with other professionals. The monthly fees are astronomical. It’s basically a second rent. But you say, “You gotta spend money to make money!” and you can make good connections there. Maybe it’s a good place for millionaires, but not for someone who just went from making 50K to 60K. You could be investing that $400 a month membership fee and growing it.

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