bentleyWIRE | blogged

We all know what I'm about to explain. However, it needs to be placed at the forefront of your financial mindset at all times...and I can assure you that I've run across many a bozo who has lost it somewhere along the way. Most rules are very simple and this one is no exception.

3 Things - To improve your financial situation, you have 3 options. Increase your income, reduce your expenses or a combination of the 2. The easiest and most effective thing you can do is to cut expenses. Why? You might ask. I'm certain you'd agree that it's typically a heck of a lot easier to cut expenses vs increasing your income. In addition, when you do cut expenses, the savings drops straight to your bottom line dollar for dollar whereas Uncle Sam takes a hefty bite out of any income before the remainder of it finds its way to you.

CUT EXPENSES FIRST. THEN WORK ON BOOSTING INCOME.