Comments on: Why Making More Money Trumps Spending Less in the End

By: stacy

stacy — Thu, 30 Oct 2008 19:36:37 +0000

Although I agree that you can only cut your expenses so much and making more money is a better method of improving your cash flow making more money isn’t an option for everyone and it seems to be the more you make the more you spend. My mom has worked in the bank for years and is now a stockbroker, but while I was a teenager she was doing loans and she used to tell me stories (without names obviously) of very successful people ie/doctors, lawyers, university professors that she had to turn down for loans because they had poor credit. Her number one lesson to me was that no matter what you can’t spend more than you earn. While I was surfing around for saving tips I saw something that bears repeating – if you make $50,000 a year and spend $49,000 you’ll be happy, if you make $100,000 and spend $110,000 you’ll be miserable.

By: Moneymonk

Moneymonk — Fri, 25 Jul 2008 17:15:25 +0000

I think Robert Kiyosaki said it best, “when you are liviing below your means it’s like you’re starving yourself”

I say always EARN MORE than you spend.

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Tue, 22 Jul 2008 13:27:12 +0000

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By: RC

RC — Fri, 18 Jul 2008 01:18:12 +0000

David:

I definitely agree with your point of view, working more hours is not the best solution-especially if it takes away from your personal or family time . Better would be to make a higher salary or hourly rate (i.e.-increase your value to your employer), or start a part-time business where you can make money at times convenient to you.

Thanks for the comment!

By: David

David — Thu, 17 Jul 2008 20:12:17 +0000

Great post and as SGM said “spin on the debate), but personally I would rather cut expenses so I can work less and still live my life the way I want. If I have to make more money, that means more hours at work (for most cases, anyway) and less time to do the things I want.

By: RC

RC — Tue, 15 Jul 2008 11:50:12 +0000

@SingleGuyMoney- Thanks! Yes, it is a very debatable issue, and I do think cutting costs is very beneficial and important, but making more money can be almost unlimited if you think about it.

By: SingleGuyMoney

SingleGuyMoney — Tue, 15 Jul 2008 10:27:35 +0000

Great post. It’s good to see someone put a different spin on the old debate.