{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Thing We Never Talk About","title":"You Can't Out Earn Your Spending","html":"","width":"100%","height":180,"duration":609,"description":"When people feel financially stretched, it can be hard to decide where to cut back. What if you just focused on earning more instead? It seems like the logical solution — but there's a problem with that logic: almost everyone increases their spending when their income goes up. The result is that you find yourself right back where you started, just at a higher level. In this episode, Tim shares a real example of a household earning over $400,000 a year that still had nothing left over, why trying to out earn your spending rarely works, and a practical framework for building a gap between what you earn and what you spend — and keeping it.\nOne Key Takeaway: Earning more won't solve a spending problem. Instead you need to spend below your means, save the rest, and widen that gap every time your income goes up.\nLinks:\nSend me a question to be answered on a future episode.\nSign up for the Keep It Easy newsletter.","thumbnail_url":"https://img.transistorcdn.com/ij30T8S22oW7oq3h35PBmjsaEjzv6wqJJXFR2goCl8k/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS80MWUw/NTk1NDU5NDIxMTc4/N2RlZDJiNGFhZmUx/MDQ0OS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}