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Rachel Richards | Retire Early
@moneyhoneyrachel

109,673 followers

It sure would have been nice if I made a cushy 6 figure salary! 😅⁠ ⁠ But after I graduated from college, I made $36,000.⁠ Then I made $32,000.⁠ Then I made $42,000.⁠ ⁠ The reason I got ahead at a young age?⁠ ⁠ I saved 50% of my income 😱. I was living off a budget of $1,500 per month.⁠ ⁠ Now, is that necessary for you? No. Is that what you should do? I don’t use the word “should.”⁠ ⁠ The point is, your income does NOT determine how wealthy you become. Read that again.⁠ ⁠ Financial independence happens in the gap between income and expenses. ⬆️ Increase your income. ⬇️ Decrease your expenses. 💰 Invest the difference. ⁠ ⁠ Grow that gap as much as possible and you are unstoppable. 👊⁠ ⁠ Agree or disagree? Let me know in the comments.⁠ ⁠ 🌸If you want a permanent relationship with me, sign up for my newsletter by downloading my FREE passive income starter kit through the link in my bio!🌸⁠ ⁠ #moneyhoneyrachel #investingjourney #savingtips #financialmindset #growyourwealth #earlyretirement #ratrace #frugallife #financialindependenceretireearly #millennialmoney #ambitiouswomen #moneytips #moneytalks #frugalliving #financialindependence #financialliteracy #financialfreedom #debtfreecommunity #moneymindset #personalfinance #retireby30 #retireyoungerretirerich