Want to Get Wealthy? Then Don’t Cut Your Expenses!

When it comes to building wealth, a lot of people think the key is to save every penny, skip your favorite coffee, avoid vacations, and maybe even put your goldfish on a diet.

Right?

Wrong!!!

Financial “experts” will tell you that living on a super tight budget will somehow make you rich. But let me tell you, cutting your expenses will mostly make you… miserable.

Sure, you shouldn’t spend like there’s no tomorrow, but the real path to wealth isn’t through extreme penny-pinching. The real game-changer? Increasing your income!

Before you raise an eyebrow, let me clarify: I’m not saying you should spend like a lottery winner on things you don’t need. You should still be mindful of your money, just don’t become obsessed with cutting every tiny expense.

Yesterday, one of my Facebook fans asked how she could save more money to invest in index funds, like I suggest in my book. Her situation? She’s barely making ends meet with her current salary.

So, I gave her some advice that could change her life. Ready for it?

Stop focusing on saving, and start focusing on earning.

When you focus on saving, especially if your income is low, you’re fighting an uphill battle. Let’s say you earn 100 and spend 100. How much can you realistically save? 10? Maybe 15 if you eat instant noodles every day? Even if you invest very wisely, it’ll take about 157 years to get rich.

But if you focus on boosting your income, the sky’s the limit! You can go from earning 100 to 200, and who knows—why not 1,000 or even 10,000? I’m living proof of that. I went from zero to millionaire status by honing my money-making skills and focusing on growth.

With more income, you can save more, invest more, and watch your wealth grow like a well-fed goldfish.

So, instead of obsessing over cutting expenses, shift your focus to learning money-making skills—sales, marketing, persuasive writing, leadership, technical skills… you name it.

These skills will help you land a better job, get promoted, or even start your own business. Once you’re earning more, the next step is just as crucial: invest wisely. By increasing your income and putting that extra money into smart investments, you can build wealth much faster and enjoy financial freedom in 7 years, instead of waiting 157 years.