Introduction to 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 card balance and be right back in serious debt because they didn't fix the fundamental problem, spending too much money. Americans today don't have a problem with debt. They have a problem with out-of-control spending. Debt is simply the result.
The truth is, you can't outearn dumb spending. Just ask all the multimillionaire Hollywood celebrities, sports stars, and lottery winners who ended up broke. Most people become wealthy and stay wealthy because they care as much about money going out as money coming in.
Spending Smart provides both the philosophy and the details to help you care about your spending too. If you already care, it will speed your trip to financial freedom and wealth.