The Best Financial Advice I’ve Ever Received

...and why it changed the way I think about money forever.

Over the years, I’ve heard countless money tips — from YouTube videos, books, podcasts, and even unsolicited advice from relatives at family dinners. But out of all of them, one piece of financial advice stuck with me and truly changed how I handle money:

“It’s not about how much you earn — it’s about how much you keep.”

Simple, right? But also so true.

💡 Why This Advice Hit Different

When I first started earning, I assumed that making more money would automatically lead to financial stability. But no matter how much my income grew, my expenses somehow followed. A raise felt great… until I found myself back at square one by the end of the month.

That’s when I realized: income is important, but money management is everything.

📌 Here’s What This Advice Taught Me

1. Track Every Money

Before I could “keep” anything, I had to know where it was going. I started tracking my expenses — not obsessively, but just enough to stay aware. The results were eye-opening.

2. Build a Gap Between Income and Lifestyle

When you start earning more, it’s tempting to upgrade everything — clothes, gadgets, vacations. But the goal isn’t to lookrich, it’s to build wealth. That gap between income and lifestyle? That’s where saving and investing live.

3. Automate Saving First

I used to save “what’s left” after spending. Now I do the opposite — save/invest first, then live off the rest. Even if it’s just a small amount, it adds up faster than you think.

4. Stop Comparing

Some people look rich but are drowning in debt. Others live modestly but are financially secure. I learned to run my own race and define what “wealth” means to me.

🧠 Bonus Advice That’s Also Changed My Mindset

• “Emergency funds are your real ‘peace of mind’ account.”
  Because unexpected things always happen — and they’re way less scary when you’re prepared.

• “Credit cards aren’t evil — but debt with no plan is.”
  Now I use my credit card as a tool, not a trap. Always pay in full, always have a plan.

• “Invest early, even if it’s small.”
  Time in the market beats timing the market. I started with small investments in mutual funds and ETFs — and learned as I went.

💬 Final Thoughts

Money can be emotional. It’s tied to our upbringing, culture, fears, and dreams. But learning to keep what I earn — by budgeting, saving, and spending intentionally — was the best financial decision I ever made.

If you’re just starting your financial journey, I hope this advice helps you too. And if you’ve already heard it before — maybe this is your sign to actually apply it. 😉

Addentum

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Danel Homméus AKA DaHo

Writer | Founder | Consultant | Entrepreneur l Philantropist