Forget About How Much You Make and Focus On What You Keep

November 11, 2006 at 6:11 am Leave a comment

People always talk about how much they make, either annual salary or commission. In America, we view successful people as those who make a lot of money. The more you make, the more successful you are. It’s an obsession, and I think we’re missing the point.

High income does not equal success. There are numerous people in America making a six figure income. It’s important to remember though, that success is not determined by how much one makes, but by how much you keep. You can make $30,000 a year and if you keep $15,000, you are wealthier than someone making $300,000 who spends $305,000. What you keep determines your success.

It’s quite common to find these high income earners overextending themselves, financially. They are targeted by financial and credit institutions because, statistically, they are more likely to spend more money than lower income earners. These folks are just as likely, if not more, to declare bankruptcy and/or lose everything.

So, whatever income spectrum you may be in, remember, your success is determined by how much you keep, not how much you make.

What are your thoughts about how income determines success in America? Do you keep more than you spend?

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Entry filed under: Soap Box.

Are you a Dave Ramsey geek? I Don’t Agree with the Dave Ramsey Philosphy, I Use My Credit Cards Responsibly

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