The endless debate. Earn More? Spend Less? Which is more important? Why is it important? Where do I focus my energy?
Camp #1: Earn More
Is more better? Ask a five year old. Of course he’ll say yes. He would rather have 10 pieces of candy than 8. This tends to be the current theme of development. More growth is always better. Earning more is always better. Higher wages, higher employment, more money, more stuff, and bigger things. America has been operating on this adage since the turn of the century.
From a financial perspective, is more better? I think the question that needs to be addressed is twofold. First: What is enough? Second: What am I trying to accomplish? One of the most unique things about America is that we have an incredibly high spread between our average middle class wage and an efficient middle class standard of living (Is America the best place to grow a money mustache?). Continue reading Earn More vs. Spend Less: Attacking Financial Freedom from Both Ends