4 ms·
Ramit Sethi[1] focuses almost exclusively on increasing income. He thinks the "latte factor" is bullshit, since you can just bring in more money. Personally, I
by zrail 11y ago
Ramit Sethi[1] focuses almost exclusively on increasing income. He thinks the "latte factor" is bullshit, since you can just bring in more money.
Personally, I think that increasing income and reducing expenses are two sides of the same coin. You're either changing the numerator or the denominator in the time-to-FI equation. The really powerful stuff happens when you do both at the same time.
[1]: http://www.iwillteachyoutoberich.com http://www.iwillteachyoutoberich.com
- oneiric 11y agoPerhaps you know the math, but I think it is important to be clear to readers that a penny earned is LESS than a penny saved. Put another way, are making $10,000 more dollars per year and spending $10,000 less per year the same? No. You will retire exponentially (literally, if not colloquially) sooner by spending less. The MMM resource: http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...