The key to wealth can be found between what you earn and what you spend. That savings rate can be used to pay down debt and invest to build wealth. The bigger it is, the faster you get there! And there’s two ways to increase that gap: 1.) Lower your expenses and 2.) Increase your income. Doing both in combination has the biggest impact!
Anyone else out there love to see that wide earning/spending gap on their prospective partners?
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
-Jeremy
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More ticker symbols doesn’t mean more diversification
This trivia question gets at a confusion I see a lot among newer investors. Investors will ask something like “I have a target date index