In the world of personal finance, there are only 2 ways to improve your current financial situation – Build your income and/or reduce your expenses.

It is interesting that there’s been a shift in millennial’s mindset these days. There is a bigger focus on income building than cutting expenses.

My Sundays’ are normally spent scouring through financial blogs and articles. And interestingly, you will find that 80% of these articles are talking about budgeting, debt repayment, savings accounts. Yet, the most important thing that will drive you on towards your financial independence journey is actually your income.

While good saving/budgeting behaviour will set you up for success, pinching those pennies alone will not see you getting far.

We can talk about Warren Buffett being very frugal with his expenses – still living in his Omaha, Nebraska house he bought for just $31,500 in 1958 and also driving a modest 2014 Cadillac which cost around $44,600