I’ll probably get some hate for this one, but I feel as though it is a point worth making. So many people out there preach saving money, especially when getting into investments, and I do agree that saving money is very important. However it is easier said than done for most people, and most people simply cannot change their habits at the flip of a switch. When it comes to changing behavior, I’ve always found that it is easier to do upon changing your environment. 

This is why instead of emphasizing saving money, I like to emphasize creating more income streams, for a few reasons. First and foremost, whether working a full time job, driving for Uber on the side, or running a full scale business, making money costs time. It’s time during which you’re not spending money (I’m not talking about spending money on your business). More often than not, making money requires a change in environment or daily activities, and again this creates another opportunity to focus on the task at hand instead of spending your hard dollars. Now I know I am generalizing here, as I’m sure there are many people that spend their time on the clock also online shopping, but in general, I’ve found this to work well for me. 

The other reason I like to advocate for this strategy is because when it comes to saving, you can really only save your way to zero. In contrast, when it comes to making money, your upper limit is completely dependent on your income stream and financial strategy. Done right, there is really no limit to how much money you can make, and I do firmly believe that. If you’re busy making a lot of money to set up your future, odds are, in my opinion, you’re not spending too much of it on nonsense. 

All of this is to say that you very well could spend lots of time making money and still spend all of it, I’m sure there are people out there that do that. At the end of that day, it’s not about how much money you make but how much you keep, so it is still important to emphasize saving. Lastly, both saving and creating income streams are skills that need to be sharpened and honed over time. If you can master both of this, I truly believe there is no limit to success and wealth. Thanks for reading!