Entrepreneur Jen Glantz says she wouldn't have been able to get her business off the ground if she'd followed the advice to "live below your means."
The article on MSN, written by a successful entrepreneur, challenges the conventional financial advice of "live on less than you make." The author argues that this advice can be limiting for several reasons. Firstly, it promotes a scarcity mindset which might prevent individuals from taking calculated risks necessary for growth. Secondly, the focus on merely saving rather than investing or expanding one's income can lead to missed opportunities for wealth creation. Lastly, the entrepreneur points out that this advice often ignores the potential of increasing one's income through entrepreneurial ventures or side hustles, which could be more beneficial than just cutting expenses. Instead, the author advocates for a mindset of abundance, encouraging people to seek ways to increase their earnings and invest in themselves and their businesses to achieve financial freedom.
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