The world is filled with the financial equivalent of athletes who finish every workout with four Big Macs. Wealth, at every income level, has less to do with your gains and more to do with your ability to leave gains alone without cashing them in.
Three points stick out here.
Learning to contently live with less has the same effect as growing your income , but it's often easier and more in your control. This is an opportunity for financial advisors to add value, though it has more to do with psychology than finance.
Money is often a negative art . It has a lot to do with the actions you don't take and things you avoid.
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The idea is part of this collection:
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Similar ideas to Three points to take home part 1
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.
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