Spend less than you earn from "summary" of The Automatic Millionaire by David Bach
The single most important financial principle you will ever learn is this: spend less than you earn. It sounds so simple, yet so few people follow it. People all over America are spending more than they earn, and it's causing them to go deeper and deeper into debt. And when you're in debt, it's almost impossible to build wealth. The key to financial success is to live below your means. If you spend everything you earn, you'll never get ahead. You need to create a gap between what you earn and what you spend. This gap is where wealth is built. It's not about how much you make, it's about how much you keep.
If you want to become an Automatic Millionaire, you need to start by living below your means. This means cutting back on unn...
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