Earning more vs. Spending less

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Money Marketplace this week gives a new approach on how to grow money. The rationale is that over the past 50 years, the advice of spending less does not work for Americans. A lot of people still do not know how to manage debts or do not have a knowledge of finance. So a question is raised, why not earning more?

It is not easy to earn more. The commentator points out two reasons why people do not focus on earning more: they do not have an idea and they think they do not have enough time. He said that people should use their hobbies/ existing skills to earn more money.

To me, I think earning more and spending less should go hand in hand. Also, even if a person has a skill, it is still hard to find a job in this slow economy. I do not even know what skills I have, but I believe skills can be built. It is always a good idea to learn something new everyday, to re-educate oneself in a different field, to start a second career. I like to learn foreign languages and learn about finance. Learning about finance actually has helped me earn more money.

Are you thinking about a second career? What is it?


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