You are viewing a single comment's thread from:
RE: If You Can Not Increase Your Income, Then You Must Decrease Your Expenses.
I like the 10-20-70 rule. I'm retired now and fortunately made decent investments over the course of my life. But there were times when my family and I had to cinch our belts a hole or two. It's never fun, but it must be done. (Sorry, I've been reading Robert Frost.) It is always prefferable to make more money, but circumstances don't always give us that choice.
Thanks for your comment. Glad you like the 10-20-70 rule. It is a great principle. Congrats on making good investment throughout your life. And even more importantly, congrats on making tough decisions when it was required. I agree. I would love to make more money, but when that is not possible, I need to be ready to reduce the amount of money going out.
Appreciate you stopping by and adding to the conversation.