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Episode 2929:
ESI of ESIMoney.com explores the age-old debate of spending less versus earning more for financial success. Both strategies are essential: spending less yields immediate benefits, while earning more increases financial freedom over time. True financial growth comes from maximizing the gap between income and expenses by controlling spending and boosting earnings.
Read along with the original article(s) here: https://esimoney.com/spending-less-versus-earning-more/
Quotes to ponder:
“Earning more without controlling spending is a waste.”
“The real magic happens when you raise income AND cut expenses.”
“Decide what’s important to you and spend on that (in moderation).”
Episode references:
The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474
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Optimal Finance Daily - Financial Independence and Money Advice