Making Money Is Like Loosing Weight

Making money is kind of like losing weight. It’s simple, but it’s hard. I mean, it’s real simple. It's not fun. It's not glamorous. There are no magic bullets.

How do you lose weight? You consume fewer calories than you "spend". Do that, and you won't get fat. That’s also how you get out of debt – you spend less money than you make. It's so simple. But you can find volumes and volumes of books about it.

It’s simple, but it’s hard to do. Especially in America – there’s so much nice stuff to buy. It’s hard – all those commercials. So people end up spending more than they make.

Now the interesting thing about that is right now in America there’s somebody making half as much as you who’s not in debt. And, there’s somebody else who makes twice as much as you and is going bankrupt right now. So it has nothing to do with what you make -- it’s not how much we make, it’s how we handle what we make.

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