Yeah, step 2 sounds easy, but is actually the hardest. I know plenty of folks who had well paying jobs, but quickly blew it all on boats, multiple luxury cars, investing in their cousin's hot startup, etc.
Lifestyle creep is incredibly hard to resist when everyone around you is caught up in it. My compromise has been to allow myself reasonable splurging on a few hobbies that prioritize experiences over consumerism while keeping the rest of my life as minimalist as possible.
