Chapter 6: Focus on savings before earnings
Aussie FIRE | Financial Independence Retire Early
00:00
How to Increase Your Income
The bangfield buck value is the amount of effort required to improve a focus area. Improving your savings rate and increasing your income by the same amount has annihilated 6.53 years of working. But just like our savings rate, there are diminishing returns in the pursuit of increasing your income. If you're earning under $80,000 a year and have already optimized your expenses, you may be in a position to grab some really low hanging fruit for an excellent bang field buck return. Adding in some resistance training, two hours a week is such a small amount of effort that has an incredible return. Not only will you become healthier and stronger, but you'll also potentially save yourself a lifetime
Transcript
Play full episode
