Warren Buffett: 5 Simple Tips To Live Below Your Means (Never Broke Again)

Do you frequently find yourself in debt because you spend more than you earn? If so, this video is for you. Today, we'll delve deeper into what it means to live below your means and how you may become more frugal with your money. Living beyond your means is a bad financial habit that might keep you from accomplishing your financial objectives.
Before we proceed, let us define and comprehend the following terms: living beyond your means, living within your means, and living below your means. What exactly is the difference?
What does it mean to live beyond your means?
Simply put, it implies spending more than you bring in.
If your spending exceeds your income, you are living beyond your means.
There is a distinction between living below and living within your means.
Let's look at an example to help you understand.
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