Financial freedom lives in the spread between income and expenses. Commit to making that spread as big as possible in your life. Work on your financial vision from 2 sides – increase income and cut expenses. In order to do this, you have to resist the powerful, natural urge to spend more as you make more. Expenses almost always rise to meet income, and this explains why most people retire poor. No matter how much they make – they spend it – plus a little more. No matter how much they bring in, there never seems to be enough. Commit to driving a wedge in between your income and your expenses. As your income increases, you will increase your expenses at a slower rate and invest or save the difference. This is a huge part of the recipe for your financial independence. Manage your money and keep your expenses low.
Posted on: Mon, 16 Sep 2013 10:27:42 +0000
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