The Power of Spending Less

In a very long period of my life I thought that in order to become rich you need to earn a lot of money. When I started to study have the financial independent I found that this wasn’t the whole truth. The most important part to become financial independent is to spend less. If we … Continue reading “The Power of Spending Less”

How To Spend Less, and Still Be Happy

Buying stuff if often something that we find convenient. But there is a difference between really wanting a thing, to really need it. becoming financially independent is more about how little you can live on rather than how much you make. So if you can spend as little as 1000 $/month, you can become financial … Continue reading “How To Spend Less, and Still Be Happy”

The 80/20 Principle to Spend Less Than 50 % of Our Salary

Vilfredo Pareto was an Italian economist back in the early 1900. He discovered that 20 % of  the population owned 80 % of the wealth. (I think it was in Italy). People have later on applied this 80/20 principle to other stuff. Like 20 % of the carpet will get 80 % of the walking. … Continue reading “The 80/20 Principle to Spend Less Than 50 % of Our Salary”