http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/ Sat, 24 Mar 2012 18:32:57 +0000 hourly 1 http://wordpress.org/?v= http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/comment-page-1/#comment-70447 Welcome to Financial Spiderplant! » NO DAY BUT TODAY - GRADUATION! Wed, 07 May 2008 19:16:47 +0000 http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/#comment-70447 [...] The One-Year $1 Million Challenge 5 frugality tips for college grads Ten Financial Tips For June’s College Grads Five Smart Money Moves for New College Graduates Financial Tips for 20-Somethings How to Become Wealthy The Absolute Best Way to Become Wealthy [...] [...] The One-Year $1 Million Challenge 5 frugality tips for college grads Ten Financial Tips For June’s College Grads Five Smart Money Moves for New College Graduates Financial Tips for 20-Somethings How to Become Wealthy The Absolute Best Way to Become Wealthy [...]

]]> http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/comment-page-1/#comment-54609 handmade cards Thu, 28 Jun 2007 13:25:05 +0000 http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/#comment-54609 Great article I can see what you are saying and maybe I need to look at what I'm spending then look at what I can cut down on that is not essential. Maybe it wont make me rich but If I can get a holiday out of it at the end of the year that will do me. Great article I can see what you are saying and maybe I need to look at what I’m spending then look at what I can cut down on that is not essential. Maybe it wont make me rich but If I can get a holiday out of it at the end of the year that will do me.

]]> http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/comment-page-1/#comment-9559 Neil McIntyre Sat, 09 Sep 2006 09:57:36 +0000 http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/#comment-9559 You can save yourself the $50 or you can save yourself the $17 in your example. You can't save both because in either case the saving of one precludes the saving of the other. If you save the $17 tax, you didn't earn the $50 and don't have it to save. If you save the $50 by not spending it, you still have paid the $17 tax. You can save yourself the $50 or you can save yourself the $17 in your example. You can’t save both because in either case the saving of one precludes the saving of the other. If you save the $17 tax, you didn’t earn the $50 and don’t have it to save. If you save the $50 by not spending it, you still have paid the $17 tax.

]]> http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/comment-page-1/#comment-9389 Jason Guthrie Tue, 05 Sep 2006 21:29:21 +0000 http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/#comment-9389 Neil, it's all about how you view your spending. If you look at it according to how much you need to work to earn the same amount of money, then it makes perfect sense. It's all about your spending power. That's how people are able to survive with incomes of $25,000 while those earning $100k complain about not having any money. If they were able to spend less money, they wouldn't have to work 80 hours a week to earn that $100k. They could work half as much and still have almost the same buying power. Neil, it’s all about how you view your spending. If you look at it according to how much you need to work to earn the same amount of money, then it makes perfect sense. It’s all about your spending power. That’s how people are able to survive with incomes of $25,000 while those earning $100k complain about not having any money. If they were able to spend less money, they wouldn’t have to work 80 hours a week to earn that $100k. They could work half as much and still have almost the same buying power.

]]> http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/comment-page-1/#comment-9385 Neil McIntyre Tue, 05 Sep 2006 19:11:56 +0000 http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/#comment-9385 The savings (and your example) are misleading (/wrong). You still have to pay the tax on the $67 to get the aftertax $50, so that cost is still incurred. You don't save that tax if the income is saved instead of spent, that's the problem with income tax vs. consumption tax. The savings (and your example) are misleading (/wrong). You still have to pay the tax on the $67 to get the aftertax $50, so that cost is still incurred. You don’t save that tax if the income is saved instead of spent, that’s the problem with income tax vs. consumption tax.

]]> http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/comment-page-1/#comment-9379 Todd Brill Tue, 05 Sep 2006 16:54:37 +0000 http://beancounterblog.com/2006/09/05/the-absolute-best-way-to-become-wealthy/#comment-9379 Great article! Many people have come to overlook the consumer frenzied society we have become and join in with the spending spree - even to the point of not using their own money (i.e. credit cards). Savings in most of the western world have plummeted as a result to the lowest levels since the Great Depression. Great article! Many people have come to overlook the consumer frenzied society we have become and join in with the spending spree – even to the point of not using their own money (i.e. credit cards). Savings in most of the western world have plummeted as a result to the lowest levels since the Great Depression.

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