How You Can Earn More and Spend Less
Two essential investment principles to achieve financial freedom.
Financial freedom isn’t about how much you make.
It’s about how much you save.
Earning $1111 or $9999 won’t make a difference for your financial freedom if you’re spending all of it on consumer goods like food, technology, and travel.
By not investing anything, you won’t have left enough from your salary slip to make your money work for you.
Investment principles work like weight loss. You only lose weight if you increase the difference between the calories you eat and the calories you burn.
The higher this difference, the faster you lose weight. To enhance this gap, you can either eat fewer calories or burn more calories and exercise more. If you work on both ends, you’ll get great results.
With investing, you also want to focus on increasing the difference between how much you earn and how much you spend. The broader this gap, the sooner you’ll achieve financial freedom. You can earn more or spend less. By focusing on both factors, you’ll reach financial freedom.
Here’s why earning more and spending less makes sense: The more you invest each month, the faster your money will grow. Factor in…
