What defines financial success? Of course, many people believe that all their financial problems would disappear if they made more money. But high incomes can’t guarantee financial freedom; there are countless examples of people who earn millions and yet still end up bankrupt. The common thread among folks who get into financial trouble — no matter how much they earn — is their inability to spend less than they earn.
The bottom line: So what does define financial success? Financially savvy people know that it’s not measured by the size of their paycheck. Rather, it’s measured by the money left in their pocket each month after paying all their obligations.
Photo Credit: Manuel Iglesias