Earning and Spending is most hectic human activity. This theme is touched upon as an Inevitably pivotal link with other Essential vocations and avocations
Earning and Spending is a also one of the Inevitable themes in life that is touched upon in this blog. I was last man in the world who came to know the importance of earning money. Twice my father established setup for me to earn livelihood. But my mind was focused at a different level. First time when I earned some money, it was from the local exchequer where I served as clerk for six months. They paid me Rupees 75 per month.
The early you start earning money the better. That way, it is likely that your are coming up with expectation of your close relatives e.g. parent, brothers and sisters. Sharing money with them will result into your glorification. But I was not destined to enjoy this. My mother wanted that full salary should be given to her i.e. 75 per month. But I, having idealized my teachers dress, wanted to purchase that type of dress myself. But there was a communication gap between both of us. I would have been very happy, had fifty-fifty deal been struck between us.
SPENDING LESS OR EARNING MORE
Every one has some financial goals like buying a good house, starting some business, educating his children in good schools, colleges and universities.This is a commonsense wisdom to spend less than what one earns. It is considered one sure way to progress. But furthering of this process of progress splits into two opposite approaches i.e. Spend Less Or Earn More. These approaches have their own pros and cons. Read the Complete article here:http://thefirstmillionisthehardest.net/spending-earning/
DISPOSABLE INCOME VERSUS DISCRETIONARY INCOME
Disposable income is the income left after paying all the taxes.But Discretionary income is the income left after subtracting two expenditure, firstly taxes and secondly current bills.Read the complete article here:http://en.wikipedia.org/wiki/Disposable_and_discretionary_income
Read from the following link for further knowledge regarding Earning and Spending: http://www.investopedia.com/terms/d/discretionaryincome.asp
Earning and Spending Styles of the Rich
Earning and spending styles of the rich are very dissimilar to the poor. They earn from millions of dollars per month to billions of dollars per month. Not unlike their style of earning, is their style of spending. They lavishly spend on the purchase of esoteric articles e.g. antiques and diamonds in addition to luxury cars and ships.