Spend Less than What You Earn – One of the Great Back Door Secrets of the Super Rich!
Though earning a high income certainly makes life easier, it’s not necessarily the only solution to attracting wealth and gaining financial freedom. The “super rich” have another great back door secret that often goes unnoticed. It’s the secret of spending less than you earn to build wealth. Not only those who are already rich, but some middle-to-lower class workers are well on their way to creating wealth by using this simple method. They realize the value of a dollar and how just a little creativity – and discernment – can keep them one step ahead of the financial game.
What Does it Mean to “Spend Less than You Earn?”
It means just what the statement implies – don’t spend it if you don’t have it, spend less instead. If you earn $3,000 monthly, spend only $2,800 if possible, and put the remaining $200 into a retirement or college savings plan or some sort of wise investment that will yield a return later. Live within your means. In other words, don’t buy an expensive car and/or home that you...
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