The Prosperity Podcast The Myth of Cutting Expenses - Episode 556
This episode centered around the concept of cutting expenses, discussing how efforts to decrease spending often lead to limited financial success. Referencing the book, No Worries by Jared Dillian, a finance writer and former Wall Street employee, this episode highlighted the drawbacks of focusing solely on expense reduction. Rather than achieving true prosperity, continual cost-cutting may lead to financial stagnation. Spencer and Kim also emphasized the importance of rising above cutting costs and shifting focus onto cultivating abundance and increasing income. They discouraged clinging onto the concept of emergencies and being fixated on escaping debt. This negative focus might invite more of the unwelcome circumstances, aligning with the principle of attracting what one mostly thinks about.
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Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today!
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Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- No Worries by Jared Dillian: https://www.amazon.com/No-Worries-live-stress-free-financial/dp/1804090409
Show Notes
- Why cutting expenses is not always beneficial
- More insight about Jared Dillian's perspective on cutting expenses
- Personal experiences in managing day to day expenses
- Perspective on dealing with debts
- Why you should increase income rather than merely focusing on cutting costs
- Suggestion to expand financial thinking
- Looking at increased upsides rather than cutting costs
- Importance of thinking positively for prosperity.
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