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May 11, 2009


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I really enjoyed this e-book, as well. Strongly suggest everyone downloads it. Like you said... It's Free!

"Earn more than you spend" is a better income-amassing strategy.

If you focus on increasing earnings, your earning-to-spending ratio can be increased far beyond what you could do if you were only reducing expenses.

For example, as a freelancer, it's far easier for me to earn $1,000 more than it is to cut $1,000 from my already pared-down expenses.

Am billing $20,000 to $30,000 a month with expenses of only about $1,500, so makes sense to maintain the focus on "earning more than you spend," not "spending less than you earn."

I just realized the flaw in my above comment. With the availability of easy credit, you can far outspend your earnings, even your lifetime earnings! (See the wipeouts of Michael Jackson, Mike Tyson, etc.)

So perhaps it's: "Focus on earning more, but keep your spending under control"?"

Loved the post and agree completely with the simple steps that are listed for attaining wealth.

People are realizing in this economy that being in debt is SLAVERY and overspending leads to very BAD things. If you spend everything you earn, you will be broke. As they say, it is not so much what you MAKE, it's what you SAVE and INVEST that will make you wealthy.

It's pretty simple: Make more and save more! Do that for alot of years and you will be RICH!

The philosophy that has worked for us is Live Frugally, Get Rich, Be Free.

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