Spend Less Than You Earn

One thing I learned along ago is that personal finance is not rocket science. In fact, it is far from it. The hitch is that simply because I know how to get my personal finances in order doesn’t mean that it’s always easy for me to do so when there are a lot of competing things that I want. The best piece of financial advice I have ever received was that while there are a huge number of financial rules and hints that can help me get my finances in better order, there is one that is by far the most important because it stands true no matter how little or much money I make: if I learn to spend less than I earn, I will be OK. Once I master this one simple rule, my finances will be f


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5 Responses to Spend Less Than You Earn

  1. teresa says:

    Great clip, high school seniors should be required to watch something like this, maybe the next generation would understand the concept!

  2. Gail says:

    The clip isn’t showing for me now but your message is right on target. You will never catch up or succeed financially if you constantly spend more than you earn, eventually your financial life will collapse. I like the way that you also share your thought processes along the way as it helps to understand and show how we should think things through. I know some like to comment and tell you you are stupid (or words to that effect) but it is obvious that they are the ones that aren’t thinking through things. Just because ‘it’ doesn’t apply to them doesn’t mean the thought behind the decision might not be very applicable to them. Best wishes for a great year!

  3. Bob Farmer says:

    This applies to most things in daily life. Want to lower your electric bill? Use less power. etc etc. Good job.

  4. This is a very good article. If more of us lived within our means, our nation would not be in the condition that it is currently in right now.

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