February 16th, 2010
In an interview a few months back on CNBC, Bill Gates (Founder of Microsoft) responded to a question on business with the following: “Well, it’s surprising that the fundamentals of business are pretty straight forward, you know. You try to take more in income than you spend in cost.”
The same could be said about personal finance, “The fundamentals of personal finance are pretty straight forward. You try to make more than you spend.” Personal finance at its most basic level is simply making sure that you are earning more than you are spending.