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Your Entire Financial Life In One Deceptively Simple Chart

Friday, April 26, 2013 - 7:30 PM
From My Money Blog we have a pictorial on the gap between
income and expenses; this so-called wealth wedge is what
you really need to manipulate for more financial freedom.

Read more:
3
cumuluscumulus357 posts since
Jan 16, 2010
Rep Points: 1,657
1. Friday, April 26, 2013 - 8:16 PM
Intersting; but not that easy Scarlett:D

Income can vary by many factors and may not be a linear increasing function.  Expenses can vary drastically due to unplanned life events.  I need not name examples for both; but the basic lesson (earn more and spend less) is an obvious one without these charts.

My approach is (1) enjoy work while earning income, (2) invest my portfolio smartly, (3) spend happily but not without constraints, (4) leave the uncontrollable factors alone and treasure every day of our life.

Cheers.
4
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
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