How many times have you heard someone suggest that all their financial problems would magically disappear if they only made more money? But high incomes canâ€™t guarantee financial freedom; there are countless examples of people who earned millions yet still ended up bankrupt. The common thread among folks who get into financial trouble â€” no matter how much money they make â€” is their inability to consistently spend less than they earn.
The bottom line: The ultimate measure of financial success is not the size of your paycheck. Rather, itâ€™s the money left in your pocket after paying for all your obligations.