# Firecrest Group founder and financial planner Gareth Collier says many high-income earners remain financially trapped because of lifestyle inflation and excessive spending. Collier says in a feature article in Moneyweb, marking Savings Month, true financial freedom depends more on behaviour than income, warning that financing luxury lifestyles can erode long-term wealth. He urges investors to focus on the proportion of their wealth spent rather than the amount, arguing that sustainable spending and disciplined investing are key to building financial security and reducing the risk of future financial setbacks.
Expert says high income does not guarantee financial freedom