The Finicity Finance Tip of the Day

Wealth vs. Income

Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier.
Nov 27, 2018
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Wealth vs. Income

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Wealth vs. Income

Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend! – The Millionaire Next Door

If you are overspending, the first step is to create a solid budget where your income exceeds your expenses and you have a margin for savings.

Today's tip brought to you by Mvelopes and Money4Life Coaching.

Originally published December 04, 2018.

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