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Updated about 10 years ago on . Most recent reply

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Merina Parvin
  • Dhaka, Dhaka
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Which one is better?

Merina Parvin
  • Dhaka, Dhaka
Posted

Which one is more effective. ..lowering your costs of living a decent life or generating more income? I have the costs of renting a separate room and having good food and better transport to work which is are a bit higher than those who skimp on these. I want to know from the experts. Would it make me richer if I cut those costs or if I seek to increase my current income ? Please feel free to help me get to my financial goals. 

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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

Invest...then let the added income help payoff current debt.  After the debt is gone, the incom,e keeps coming.

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