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Home / Services / Calculators / Newsletter / Archives Financial Truth #1 "WEALTH DOES NOT COME FORM EARNING MORE, IT COMES FROM SPENDING LESS THAN YOU EARN." This truth is both simple and easily overlooked. Most people can identify friends, whose finances are worse off after increasing their income. The classic examples are those who won the lottery. These winners have increased their lifestyles to the point that they are broke. Most of us have heard the saying, "PAY YOURSELF FIRST." If we would just take the first 10% of our earnings and invest it over our working lives, we would all have more wealth than we ever could have imagined! We all must learn to live on less than what we earn. If we do this we will be content, out of debt, and on our way to wealth. (April, 2003 Newsletter)
James E. Newland, CPA 939 Center Road Eastlake, Ohio 44095 440-951-9799 |
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