This is Optimal Health Daily. P.S. The less you spend, the less you need to earn. By J.Money of

Budgets Aresexy.com, and I'm Dr. Neal. Hello and welcome back to our weekly bonus episode. This is

where I share an episode from another podcast in our network, an article that can also improve your

life in some way.

And today's comes from Optimal Finance Daily. You can find that show wherever you're listening

to this. So with that, here's Diana reading for you and her commentary as we optimize

your life.

P.S. The less you spend, the less you need to earn by J Money of Budgets Are Sexy.com

Three years ago, I stumbled across a passage from Mr. Money Mustache that completely changed how I view my expenses.

It came from an article I had read on many occasions prior

and is one of his most popular, but for whatever reason, it never hit me as hard as it did then,

perhaps because I wasn't open enough to fully appreciate it at the time. Here's what it said,

from the shockingly simple math behind early retirement.

Quote, the most important thing to note is that cutting your spending rate is much more powerful

than increasing your income. The reason is that every permanent drop in your spending has a double

effect. It increases the amount of money you have left over to save each month, and it

permanently decreases the amount you'll need every month for the rest of your life. End quote.

Think about that for a moment. Every time you cut one of your permanent or reoccurring expenses,

it increases the amount of money you have left over to save each month. But even more

powerful, it then permanently decreases the amount you'll need every month for the rest of your life,

provided you don't go back to it, of course. It's one of the simplest concepts in the world,

yet so many of us still haven't fully understood it. And I was one of them up until three

...