To build wealth, we can do two things:
- Earn more money
- Spend less than we earn
Option 1 is great but takes time and is somewhat out of your hands. You can work really hard and still end up not making money.
Option 2 is perfect because it’s more within your control. And yet, there are a lot of folks who don’t save enough.
Saving and investing are just like keeping fit. When the process feels like you’re “depriving” yourself of something, you’re more likely to splurge and waste your efforts later. That’s why you need a way to spend less without making it “hurt.”
