Controlling Spending

Those who have managed to become financially independent through a process of slow accumulation of capital generally work as hard, if not harder, at spending their money as theyy do at making it. The person who makes an extra $100 may have to pay certain costs associated with earning that money, such as the expense of commuting to and from work and extra day, and will almost certainly have to pay taxes out of the extra earnings. It would not be at all unusual for a worker who earned an additional $100 to net only about $65 after paying taxes and costs related to earning the extra money. On the other hand, if you cut your spending by $100, you will have the full $100 to show for it.