1780: [Part 2] Spend Less - Live More by Leif of Physician On Fire on Intentional Spending & Living
Optimal Finance Daily - Financial Independence and Money Advice
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Is It Better to Spend Less Than to Earn?
Spending and net worth gains are inversely correlated, especially in the accumulation phase of wealth building. A dollar spent is a dollar not saved or invested. Once you're spending most of your pay check, assumin that's a six figure sum for a high income professional, you begin to see diminishing returns as your level of spending reaches a tipping point. This is the slope on the curve where more spending leads to more stress and decreasing happiness. Here it could mean earning more or spending less, some combination Is probably best.
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