You Can’t Spend Your Way to Building Wealth
Such shortsightedness is tantamount to aiming a heat-seeking missile at our financial future. Instead, we need a sound financial plan: 1) create a long-term savings strategy; 2) eliminate short-term spending plans; 3) refuse to reward yourself for enduring tough times; and 4) stop deluding yourself that you can treat shopping discounts and bargains in the same manner as savings deposited in the bank. Bottom line: You can’t spend your way to building wealth.
