First Principles
Let us assume that we suck with our finances now and our financial independence is far away. With this point A (status quo), let us get started.
The first principles of money
Earn more
Save more
At one end, earn more will allow the pool to get bigger and better and on the other hand, save more will allow the pool to remain bigger and better. Simple idea but a very powerful one.
Go ahead and check, how much are you earning now? It could be from active and passive sources. It could also be from old money (inheritance, past karma or anything).
Also go ahead and check how much are you saving now? One pro tip is to calculate your earnings and savings in percentages. How much percentage of your earnings you are saving now? With this the current reality becomes super clear. What we are not aware of, we cannot control and take action.
🥂to earning and saving!
