This is why financial literacy is a big thing, there’s a quote saying that it’s not about how much you make or get from your salary that will make you liquid, its about how much you save. This has been my way of reminding myself not to spend beyond my limit, because I’m been through this situation already and I know the stress of spending too much. If you really want to become rich, you should know how to control your finances and stay rich for good.
A big yes for this, financial literacy will take you to a better place and no matter how much money you have its useless if you don’t know how to spend it wisely. Investing is a good thing, but the question is what are you going to do if you already achieve your financial goal? Having a good discipline is very important and we should not forget about this one while we are busy looking for other source of income.
I agree with this, people concentrate too much on the income they get and not on the money they actually accumulate, there are many people that may seem to be doing great but at the first moment something goes wrong they get into financial trouble almost immediately, so people need to learn to use their money in a more effective way and to live below their means, if they can do this and develop a solid investment strategy then sooner or later they will reach financial independence and they will not have to work for money anymore.