A friend of mine asked me what my blog was all about. I tried explaining to her that it was a personal finance blog where I write about thrifty living, thrifty tips, money management, savings guide, 101 of investing , etc. She looked very unimpressed and then said, ' Why not just make more money instead of being thrifty. To be honest, her statement is quite correct. However, I have seen a lot of people including myself mismanage their increased earning.

A couple of years ago, my earnings increased but my net-worth remained the same over a period of 12 months. Why? My attitude to money did not change. I look back at those years and wish I had done things differently. I had to learn to manage my income properly. Now as a personal finance advisor, I guide people through managing their already earned income through proper financial planning, building a good savings culture and investing. I try to focus on living within your means, thereby accumulating wealth instead of liabilities. I preach living a fulfilled life without having to make your pocket cry.

Making more money and saving more money go hand in hand, it is a balancing act. You cannot build your net-worth by just making more money. Without proper savings and investment, you may mismanage your funds. For me, saving more money is also investing, and investments generate income. Therefore saving money is also making money. Now, whether through spending less than you earn or earning more than you spend. The ultimate goal is to grow our wealth.

So which do you practice or believe more in? Make more money or save more money?

forgive me for staying in the grey area. I believe in thrifty living. but I also believe that you should work on increasing your income and still maintain the thrifty life style. this helps to increase your savings and acquire more assets

@Feran 14. Very true. The two works together.

I think being thrifty pays even if you earn much. Fact is nothing in life is ever enough but if you've got financial discipline people won't even know when you earn little.

Plan within your means and aim high.

pacino26:
I think being thrifty pays even if you earn much. Fact is nothing in life is ever enough but if you've got financial discipline people won't even know when you earn little.
Plan within your means and aim high.

Very true. I can't agree less.