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March 28, 2006


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I just posted a piece on my blog that takes a very different angle than your piece. I argue that growing your income is the most important part of the wealth accumulation equation. I'd be interested in your thoughts.

I don't disagrre that growing your income can be a tremendous way to boost your net worth (in fact, I've posted on it), but spending less than you earn is more practical for the majority of Americans. It's not always easy to increase/grow your income, but EVERYONE can spend less than they earn and become wealthy as a result.

Said another way, you can become wealthy if you spend less than you earn -- no matter what your income (and whether or not it grows). But if you spend more than you earn (or as much as you earn), you won't get wealthy no matter what your income.

I love stories like that. I'm trying to write my own.

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