Published by John Hoff on 11 Jun 2008
Which Philosophy Do You Subscribe To?
The way I see it, there are three ways you can go about dealing with money you earn.
- Live above your means.
- Live within your means.
- Live below your means.
Breakdown of #1
Spend all the money I’ve got; spend a lot of money I don’t got and worry about it later.
Breakdown of #2
Spend all the money I’ve got; don’t spend any money I don’t got.
Breakdown of #3
Spend some of the money I’ve got; don’t spend any money I don’t got; invest and save the rest for the future.
If you answered #3 you win a gold star! If you said, “Number 3 is best but I’m really a 2 or 2 and a half,” then you get a silver star for knowing which is best.
If you answered #1 is how I live and I see nothing wrong with it, what do you think my answer would be?
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