Quote:
Originally Posted by Cowboy89
Cost management has a defined upside (I.e. if somehow you found a way to eliminate all of your expenses to $0 you are limited to only being ahead by what you spend.) Focusing instead on making more money has unlimited potential upside. Not saying you should spend like crazy and be grossly negligent in how you spend money, but rather there's a diminishing return to cost management where at a point, effort would be be spent more on upscaling your skills, finding new income sources, etc.
Also for many Canadians it's a revenue problem. Collectively right now objectively things are much less affordable than they used to be.
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We used to call it the old "cost push". If your costs went up, it pushed you to be more proactive in finding ways to make more money.