Money Strategies for the Fiscally Confused

Simple Strategies You Can Use to Jack Up Your Net Worth

Sunday, February 26, 2006

It's How Much You Keep, Not What You Make

I am fond of platitudes. They are obvious, sometimes trivial statements that lack originality. But usually, they make sense. I'm fairly sure this blog will be rife with platitudes about money, as some simple, easy-to-remember rules about money can come in handy. Money doesn't have to be complicated, nor should you fear it.

Thus, my first money platitude for you to think about is, "It's how much you keep, not what you make." Before you stop laughing and then stop reading, consider for a second one of the first questions you ask yourself when you're comparing your money situation to someone else. Does "I wonder how much he/she makes?" ring a bell? Of course! We all go right after the top line and cling to it like it's the most important thing in the world. Guess what? It's not. The bottom line is all that matters.

The bottom line is how much you keep. Think of it as your personal profit. You are a business, and what you have left over is your profit, your bottom line. What are you going to do to increase this number? Cut costs? Increase your income? Invest smarter?

This blog sets out to help you do a whole lot of all three of these things. 1) Cut costs (or save), 2) Boost your income, and 3) Make your money work for you. Keep an eye on upcoming posts, as I have strategies galore for making you wealthier than you ever thought possible by keeping more of what you make.

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