Wealth Is What You Don't Spend - Deepstash
Wealth Is What You Don't Spend

Wealth Is What You Don't Spend

Curated from: collaborativefund.com

Ideas, facts & insights covering these topics:

4 ideas

·

2.21K reads

5

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

Financial wellbeing

Financial wellbeing can't be measured by only focusing on how much you earn. The gap between what you earn and what you spend is an important figure.

Household savings fell by 30% during a period when median real income rose 40%. Even though Americans earn more than ever before, they have been offset with higher spending.

308

725 reads

Temptation to spend

It is tempting to spend more when your income rises. But savings rely on the ability to receive an extra dollar and say: "I can spend this money, but I'm not going to."

321

469 reads

Leave your gains alone

Leave your gains alone

Earning more will do little for building wealth if every extra dollar is offset by a dollar of new spending.

Wealth has less to do with your gains and more to do with your ability to leave gains alone without cashing them in.

304

450 reads

Live with less

  • Learn to live with less contently is easier and more in your control. It has the same effect as growing your income.
  • Money has a lot to do with the actions you don’t take. Everything has a price, and prices aren’t always understood.
  • The price of building wealth isn’t just earning money; it’s avoiding the post-earnings urge to spend what you’ve accumulated.

391

566 reads

IDEAS CURATED BY

trinity_

"My adversary is the world of finance." ~ Francois Hollande

Trinity 's ideas are part of this journey:

How To Be Effortlessly Charismatic

Learn more about moneyandinvestments with this collection

How to build confidence

How to connect with people on a deeper level

How to create a positive first impression

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates