How Cutting Specific Expenses Can Lead To Massive Wealth
And a few other ways to reduce needless spending
This post is a follow-up post to this article: How to Use Money As A Tool To Build Lasting Wealth
“Beware of small expenses; a small leak will sink a great ship” — Benjamin Franklin
Despite the infinite wisdom of Benjamin Franklin, this is not going to be a post telling you to cut out your Starbucks habit.
What it is going to do is outline a way for you to isolate your largest expenses, and then work towards a much cheaper solution.
Remember, the less money you spend, the higher your Gap of Opportunity.
Notice there are no numbers on this bar graph. There doesn’t need to be.
No matter what your income is, there is a way to make your expenses less.
The goal is to create a surplus of income that can be applied toward investing.
This is the time tested best path for creating wealth.
