Living Below Your Means And Buying Real Estate

[Cole Simpson]

People think it's weird when you live below your means and buy real estate. 

If you can live below your means, you have a great chance to reach financial freedom. In fact, it’s the biggest predictor of your financial success.

But you don’t have to commit to frugal living to make it happen.

So how do we strike that balance between living the life we want to live while also reaching financial independence?

Living below your means is when you spend less than what you make.

In other words, you have money left over at the end of the month. You’re not living paycheck to paycheck. You’re not having to go into more debt to pay for your living expenses.

Why is this important?

Money that is spent can’t go towards building your net worth. Once it’s out the door, it’s not there to go towards saving money, investing, or paying off debt.

Let me know your thoughts!