As your income increases, so does your expenses. Of course now that you can afford to eat at a restaurant, why hit the fast food chain right?
I always had this belief in mind, but after having a conversation with a client the other week who told me the same story, it got me to thinking… Even though I am aware of this odd behavior I do little to curb my sometimes frivolous financial decisions.
The goal was to get rich. But after much thought and observation, I realize that my approach is flawed. Yes I am earning enough to sustain a comfortable life style, but once i stop grinding everyday, I’ll eventually lose my cash flow and so on…
Ideally it’s better to know how to make money rather than to work for it. I’ve been stuck with this quandary for the past few years. Though I finally understand that it is better to earn small with little to no effort then multiplying the scheme as to earning big, but trading most of your time and youth for it. Now the only hurdle is thinking of a methodology to employ this thought process.
It’s easier said than done obviously, then again if it were that simple then everyone would be doing it right? At the very least, I am fortunate to have come to this realization at a relatively early age of 27. Knowing or reading about it is totally different from understanding the concept behind it, which is what I’ve learned just now.
So I guess, it’s back to the drawing board for me.
{ 2 comments… read them below or add one }
Nice, nice!
I will leave you with another food for thought: “Well done is better than well said” – Benjamin Franklin
yeah, we’ve started last year already, gotta gotta step things up a couple of notches. Hopefully by 30 we can live of time deposits and other investments hehehe ^^