Personal Finance
The Complete Personal Budgeting Guide
By Investment Moats  •  May 21, 2023
There are 2 ways people usually look at budgeting. The first way is that you should focus on earning more. The more money you earn, the less you have to worry about the nitty gritty aspect of money. Earn so much more, such that you do not have to worry if you spend $500 on food or $1000 on food. The second way is that building wealth starts with being aware of the small things. If you cannot manage a small sum of money, how can you cope when you have more money? Both are not wrong. However, both ways can be described as some justification why we should not do the other. The first way of looking is flawed because we see a lot of folks earning $100,000/yr to $150,000/yr yet end up with very little net worthresidual cash flow and often in debt as much as 1 year of their massive salary....
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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