Most of our money thinking is
focused on the “profit line” – earnings and returns. Yet despite the wide range
of incomes people get, the vast majority manage to spend it all. Hand to mouth
living, even if the hand and mouth are very big. Like the limbs of a drummer, genuine
Financial Security requires the bits to move independently. You learn more
about spending habits from people who earn less than you. We have fixed
expenses each month, we have the ones we can control, and we have the predictable
surprises. You can get a sense of that rhythm. Then don’t let the beat change
when the earnings and returns get funky. “Save more later” is a nudge where you
commit to put any increases to work rather than spending them. There is
obviously a bare minimum below which putting anything aside is incredibly
difficult. It is what makes poor parents who sacrifice so much to get their
children a better education so impressive. Creating music starts with the hard
graft involved in training your limbs. Hard, but not impossible.
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