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Are you sure you couldn’t find better benefit in reducing expenses? A second job is exchanging more of your time to add to an already high salary, which seems l
by graypegg 4y ago
Are you sure you couldn’t find better benefit in reducing expenses? A second job is exchanging more of your time to add to an already high salary, which seems like it might take more effort than cutting a few extra expenses you might be spending.
- jjice 4y agoI'd start here too. It isn't just increasing the amount you can save, but also increases the power of every dollar saved, since you need less to subsist now (assuming you stay at a sustainable reduce level of expenses). Your savings rate is a big talk in the financial independence community for this reason. Even if you're not interested in retiring early, Mr Money Mustache's article "The Shockingly Simple Math Behind Early Retirement" [1] really puts that ratio into perspective. Just the idea that lower expenses is more than just another dollar saved was really powerful for me and made me feel much more in control over my finances. [1] https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ https://www.mrmoneymustache.com/2012/01/13/the-shockingly-si...