Parkinson's Law
Your expenses always rise to meet your income. This is the first and most persistent obstacle to building wealth.
From Becoming Your Own Banker, Chapter 8
C. Northcote Parkinson observed that work expands to fill the time available. Nash extended this to personal finance: expenses rise to equal income. It's not a moral failing — it's human nature.
The IBC solution is structural, not motivational. When you commit to funding a whole life policy, you create a mandatory "expense" that removes money from your spending orbit before Parkinson's Law can claim it. Unlike a bill that disappears, this money goes into a compounding asset you own and control.
Nash emphasized that overcoming Parkinson's Law is a daily battle. The discipline of treating policy premiums as non-negotiable — paying yourself first, before lifestyle inflation consumes every raise — is the foundation everything else is built on.