Live below your means from "summary" of The Wealthy Barber by David Barr Chilton
The concept of living below your means is a crucial piece of financial advice that many people often overlook. It means spending less money than you earn, and it is the foundation of building wealth over time. This may seem like common sense, but in today's consumer-driven society, it can be challenging to resist the temptation to spend beyond our means. Living below your means requires discipline and a willingness to make sacrifices in the short term for long-term financial security. It means distinguishing between needs and wants and being mindful of your spending habits. By living below your means, you can save money for emergencies, invest for the future, and enjoy a more secure financial future. Many people fall into the trap of living paycheck t...
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