Budgeting, Expenses, Income

Cutting Expenses vs Increasing Income

Throughout the entire Financial Independence, Debt Reduction, Early Retirement, and many other communities, reducing your expenses is heralded as the main step for becoming financially independent. I won’t say that this is completely wrong, because it’s not. However, cutting your monthly expenses is only a step in the right direction. Increasing your income is still a significant step in moving…

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