The key difference between wealthy and less wealthy individuals is not their income level but their financial philosophy: wealthy people invest their money first and spend only what remains, while less wealthy people spend first and invest only what's left over; the actual dollar amount doesn't matter as much as consistently adopting the investing-first mindset.
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Rich vs Poor: Investing StyleAdded:
Here's the real difference between the poor and the rich, and it's not your paycheck. Poor people spend their money first [music] and invest only whatever's left over.
That's the philosophy of the broke. Now, flip [music] it. Wealthy people do the exact opposite every single month. Rich people [music] invest their money first and spend only what's left. The startling truth is the dollar amount almost doesn't matter. What really matters is which philosophy you actually live by. So, adopt this rule starting with your very next [music] paycheck.
Invest before you spend. Pay your future self first and your everyday lifestyle gets only whatever's left.
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