Live below your means to build wealth from "summary" of The Richest Man In Babylon. Illustrated by George Samuel Clason
One of the key principles to acquiring wealth is to live below your means. This concept, although simple, is often overlooked by many individuals who are eager to spend their money on luxuries and extravagances. By living below your means, you are able to save and invest the excess income that you would have otherwise spent on unnecessary expenses. When you live below your means, you are essentially practicing delayed gratification. Instead of indulging in immediate pleasures, you are focused on long-term financial security and stability. This requires discipline and self-control, as it can be tempting to splurge on items that provide instant gratif...
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