INCOME VS EXPENSES MONEY LIFESTYLE PHILOSOPHY

This is the tricky thing; to consider the nuance in life of income versus expenses, savings etc.

This gets particularly interesting when your income is not fixed. That means, you don’t get a salary. Instead, when you are a self entrepreneur.

I thought that I had is that ultimately, maybe the best strategy is to simply slow drip yourself a base income, let’s say $5000 USD a month.

One thing I did learn from Daniel Kehnammen thinking fast and slow, is that ultimately, with money, it is better to instead of just give yourself a one huge lump sum, instead, better to have it come to you in small chunks.

For example, if you won the lottery, rather than anccepting all the money in one huge chunk, better to simply have it come to you in monthly installments.

Conversely, with bad things, bad news etc., better to give all the bad news in one huge lump sum, rather than in drips.