084R | Mindset of FI
ChooseFI
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How to Grow Your Gap
The problem with our consumer-based society is that we think the gap just allows us to purchase more stuff, thereby eliminating the gap. The person that is paycheck to paycheck on $100,000 a year salary is radically different than the person that's making $12 an hour and it's paycheck to paycheck. If you can reach a point in time where you can hit a 50% savings rate, if you can maintain that savings rate of 50% for 10 to 15 years, then you have created this perpetual money making machine.
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