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Financial Focus

Essentially - Maximising Income vs Minimising Expenses

Finding a Way To Think About Finances

The simple way to a large surplus is to earn as much as possible and spend nothing. Obviously this is an ideal situation and not reality. Everyone must have a roof over their heads, clothes to wear, and food to eat - our basic needs. That costs. Your income is limited by your skills, energy and discipline, but you can always improve on each of these through education and strengthening your resolve.

Someone once told me that it is wise to use my finite energy to increase my income than finding ways to cut expenses. Cutting expenses can only return limited results for your effort, while you can conceivably earn much more for the same effort. It’s also more rewarding to earn more and manage reasonable expenses but you still have to have a life, so be wise with your choices.