Saving money is more important than earning money from "summary" of The Psychology of Money by Melody Jefferson,Morgan Housel
The idea that saving money is more important than earning money may seem counterintuitive at first. After all, we are often told that the key to financial success is to focus on increasing our income. However, there is a fundamental truth that many people overlook – no matter how much money you make, if you don't save any of it, you will never build wealth.
Saving money is essentially the foundation of financial success. It is the starting point from which all other financial goals can be achieved. Without a savings habit, earning more money becomes a moot point. In fact, studies have shown that individuals who prioritize saving over earning tend to be more financially secure in the long run.
One of the reasons why saving money is so crucial is that it provides a safety net for unexpected expenses. Life is full of uncertainties, and having a financial cushion can help protect you from financial hardship when...
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