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Living Rich by Gregory Karp

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Introduction: The Spending Smart Philosophy

Controlling Spending Is the Key to Building Wealth

Spending Smart is the only way to get out of debt and build wealth. That’s a bold, but true, statement. It’s like calories are the key to a weight-loss diet. It doesn’t matter what the new diet fad is. A diet to lose weight only works if you burn more calories than you consume. Everything else is just window dressing and hype.

In fact, controlling spending is far more important than the amount of your debt, which investments you choose, or even how much you earn. For people in debt, it wouldn’t matter a bit if somebody graciously paid off all their credit cards or if they got a huge bonus at work to pay off the balances. Before long, they’d run up the ...

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