Post
Topic
Board Economics
Re: Saving is not enough
by
mvdheuvel1983
on 03/07/2025, 17:59:41 UTC
The question begs, is there a way to get rich even if your expenses are higher than what you are earning?

I think it's impossible to be rich or financially stable when your expenses are higher than we you get or earn, such person will be always be in debt when spending more than you earn Because for example you earn 100$ a week and spend 120$ before weeks runs out you will see that you are already too more harm than good to your self so if there is a way such person will cut down his/her expenses so what he/she will earn will be bigger than what is been spent this is the one way one can gradually improve and be financially stable and also find a means for other sources of income in other to permanently defeat poverty.

Finding other sources of income allows for easier financial mobility. When a person spends more than they earn, they constantly get into debt, and this situation is very difficult to fix. The important thing is to stop yourself before you go down such a path and make smarter moves. A person needs to educate themselves on issues such as savings, savings, budgets, and get their economy in order.

Getting rich is possible with the right moves. Spending more than you earn is not the right move.

How can one find other sources of income when he doesn't have one at the moment, having financial stability goes a long way to show how economy of the place you find yourself is but if you have a good job that you can use to raise money to start up a business that is when you can be free from debt then you think of saving control. The high cost of reason makes everything different and difficult since you take home a penny as salary then end up losing all though unending expenses.