Comments on: Live Within My Means? How? http://studenomics.com/debt-reduction/live-within-my-means-how/ Fri, 10 Feb 2012 02:51:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: SailboatFamily http://studenomics.com/debt-reduction/live-within-my-means-how/#comment-33313 SailboatFamily Thu, 08 Jul 2010 01:10:03 +0000 http://studenomics.com/?p=4583#comment-33313 Realistic spending is the art of optimal effort exchange in the acquisition of a need or want. Bill Gates, for example, in the span of a blink of an eye earns enough to buy the $100 t-shirt, while someone else whom earns minimum wage has to work 15 hours. In the exchange, whomever has the highest ratio of satisfaction from the spend versus the amount of effort it took to acquire the item/service wins. This implies that the minimum wage earner could have the better of the deal, although that is highly unlikely. The tip I would offer, to living within your means, is to always consider how much effort you put in to get something.As you become more efficient at earning money, and you exercise this efficiency, the realm of items within what is realistic will grow. Realistic spending is the art of optimal effort exchange in the acquisition of a need or want. Bill Gates, for example, in the span of a blink of an eye earns enough to buy the $100 t-shirt, while someone else whom earns minimum wage has to work 15 hours. In the exchange, whomever has the highest ratio of satisfaction from the spend versus the amount of effort it took to acquire the item/service wins. This implies that the minimum wage earner could have the better of the deal, although that is highly unlikely.

The tip I would offer, to living within your means, is to always consider how much effort you put in to get something.As you become more efficient at earning money, and you exercise this efficiency, the realm of items within what is realistic will grow.

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