2.2.1: Expenditure is more important than income
The importance of your finances lies not in the numbers, but the life choices they symbolise
One of the aims of this book is to get you investing like a non-idiot. To invest at all requires ‘saved’ money.[1] Savings are built up by income, and worn down by expenditure. So that is where we’ll begin. How we think about income and expenditure is also the clearest illustration of the problems caused by believing money is about numbers rather than narrative, about having stuff rather than a participatory process of becoming, and how we get stuck in these deceptive false beliefs because of the temptations of unthinking over slowing down and thinking things through.
[1] ‘Saved’ being apt wording to describe redirecting your money from the dark internal and external forces that would keep you from your Good Life that we’ll look at in the coming chapters.
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