spend less than you earn
Totally agree, simple to read, awfully difficult to execute. However, I always felt there are two parts to that statement: spend and earn
For some reason most of the focus has been on the spend part... meaning save more, be less excessive, be frugal. However, I feel, since it is a balanced equation, we can also focus of the earn part. Just earn more. Some reason most self-help books these days don't focus on that much. Earn more, helps you and your family, you pay more in taxes, therefore helps your society.
Now to "dad's saying"; mine didn't speak much towards the end, had minor case a dementia towards the end, and perhaps for a while. I wasn't with him when he passed away, but this is something he said a lot before:
Money is like sand, more you try to grab it, it tends to go out through the gaps in your fingers. So don't try to grab it.
:)
PS: on a lighter note: Never seen picture of Aussie Dollar before, (which is unreal when I think about it) so colorful! The reason its unreal to me, as I used to trade Aussie Dollar a lot! AUD/JPY , NZD/JPY at one time was one of the most lucrative carry-trade on the planet!
I agree, increasing ones income is a good way of having more however many who do manage that feat also spend it at the same rate negating the benefit. There's many elements that need to come together for a strong and effective financial position.
Yeah, our money is colour-coded because Aussies can't count past 10...Not really. Cool looking money huh?
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