A Great Moment To Build Wealth: Hold Expenses Steady When Income Rises

A common psychological trait that most people share is a desire to experience forward progress—the harnessing of that trait, after all, is one of the reasons why it is much easier to stick with an income investing strategy over long periods of time.

If you own a diversified basket of assets, and contribute to it regularly, and reinvest, it is almost guaranteed that you will increase your income year after year, seeing the wealth-building process unfurl before your eyes. Someone who judges himself according to the amount of income that his household income each year will experience the psychological satisfaction of seeing the amount of income that his household generates go up year … Read the rest of this article!