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#AskLeo - increase income or decrease expenses?

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@alexvan
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Hi,

for today's #askleo, the tag by @acesontop, I want to ask you another question related to the financial aspect of your life.

What do you focus on, decrease the expenses or increase the income?

Most of my friends are trying to save every penny, by every mean possible, like freezing in winter or trying to save on food. When they see that I try to eat mostly premium, unprocessed bio food, they think that I'm wasting valuable money.

Well, for me health is an investment, and by avoiding crap entering my body, I can be more productive.

Also, I tell them, that earning more is for me the way to be. From 1 BTC for example, one can save only 1 BTC at the maximum, but by increasing income, sky is the limit, as earning 3 BTC and spending 1 is more than saving 1 BTC as a whole.

Also, most of the wealthiest persons in the world did not become rich by saving. Most managed to deliver a good product that increased their income.

Imagine how many savings must have Elon Musk have made to reach his status, or how many lunches he skipped to eat a poor meal. This is nonsense in the end.

Ok, don't reach the other extreme, by spending all on lavish things, there must be something behind the wealth creation. At the start, saving makes perfectly sense, so that the wealth creation is boosted.

How do you see it? What do you prefer to reach wealth, increase income or decrease expenses?

Posted Using LeoFinance Beta