Re:The Rise of Renting in the U.S
by toomuchtodo on Wednesday February 17, 2016 @04:31PM
(#11121589)
Updated to: "Make more than you spend and save combined"
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What does that mean? Where does the extra money go? Under normal definitions, income = spend + save. That's not an equation to be optimized; it's a tautology.
Wait, why? Where does the money go that is neither spent nor saved?
Re:The Rise of Renting in the U.S
by toomuchtodo on Wednesday February 17, 2016 @05:02PM
(#11121813)
Income - savings - spending = 0. If you're spending and saving (combined) more than you're income, that's debt.
Your goal should be to maximize the savings section of the equation, and minimize spending.