Financial freedom comes from increasing income rather than cutting expenses, because expenses have a fixed floor while income has no ceiling; since money is created by central banks, focusing on earning more provides unlimited potential for financial growth.
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The Income Strategy Rich People Use (Not Budget Cuts)Ajouté :
My wife and I stopped [music] tracking our expenses almost 4 years back just because we understood one very simple idea. The idea is that your expenses can be reduced only to a certain extent.
Your fixed expenses are going to remain fixed. They are also going to increase with inflation. You may cut down on your discretionary expenses, but do you want to cut them down in your 30s at the cost of your joy and happiness? We do not want to do that and we figured that instead of reducing our expenses, why not focus on increasing our income? This one single mindset shift has [music] changed our lives. We have created so many sources of income between both of us that we don't really have to think about spending couple of thousand rupees on a daily basis even if you want to do that. So, focus on increasing your income. There is no limit to the amount of money that you can earn. Money is literally printed by Central Bank, so why not just grab a share of that instead of seeing how you can cut down your expenses and waste all your time on that. Let me know what do you think about it.
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