Great article Nathan, the formula as you point out is simple, but not easy (like most things). As individuals and families begin to gain more control over their financial situation, they can title the formula in their favour to be able to “live” on less (closer to 50% rather than 70%) and give and invest more.

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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