Quote from: so98nn on Today at 05:54:07 AM

Quote from: Silberman on November 05, 2021, 06:48:39 PM

Quote from: MNbag on November 03, 2021, 03:07:35 PM

Income is temporary, bills are forever! Tongue

We will always walk on the daily treadmill of jobs, sleeping, eating and studying until the day our minds give out.

That is unless you are or become rich in between that.

The issue is that the expression becoming rich is wrong when it comes to building your wealth over the long term, you do not become rich you plan to become rich, most people do not have a plan, they just expect that someday the good life is going to happen to them and they will obtain the benefits of it, however the ones that were able to get so much money planned for it, they saw what they needed to reach their goal and they did it, and if that meant working several jobs or getting new skills they did it, while many other people will simply think of this as too much work and will keep waiting for their luck to change.

Exactly. You wont be gaining much if you are just sitting around one chair and doing nothing. The world itself is becoming way more expensive than anything now. Whether it is fuel, plastic chair or street food, I have seen them changing cents to cents every now and then. However what we dont realise is that these cents have piled up so much now that they have added multi dollar value to every thing.

The point is simple, our salary or income is not increasing at that same rate at which the expenses are growing. If we wanna have proper bank balance, then we need to have income which will balance out the expenses first and then we start saving huge amount. Thats why have multiple incomes, fill the accounts until everything looks way way cheaper.

That's true, especially now with inflation rapidly rising the past few months, while our income hasn't changed for the better. The available income after expenses is severely impacted due to the rising inflation, with fuel, groceries and electricity costing way more than it used to.

Usually, our income rarely increases, cause that needs a sequence of actions to happen, such as a promotion or a raise.