antipaucity

fighting the lack of good ideas

the ultimate measure of financial success

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 can’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 — no matter how much money they make — 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, it’s the money left in your pocket after paying for all your obligations.


source: Len Penzo