Six Important Financial Lessons I’ve Learned While Writing A Book
IT’S EASY TO COMPLICATE THINGS; IT’S HARD TO SIMPLIFY THEM.
“Earn money. Spend less than you earn. Save and invest the difference. Rinse and repeat.”
This is the advice an old boss would give when asked to distill financial planning into its simplest parts. It’s excellent advice. When I first heard him deploy the words that would become a well-worn mantra in my mind, it was the moment I realized how easy it is to complicate things and how hard it is to simplify them.
WORK ON BALANCING A SIMPLE PERSONAL FINANCE EQUATION AND YOU’LL DO MOST OF WHAT’S NEEDED TO HAVE HEALTHY FINANCES.
Day to day, month to month, and year to year — the great majority of your financial health and well-being depends on balancing one simple equation I call The Personal Finance Equation.
The Personal Finance Equation
What you earn = What you spend + What you save + What you put into investments
