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The median American household is not living paycheck to paycheck.
Most peoples feelings about money dont match how they actually spend it, he said.
Create a system where your back is never up against the financial wall, he advised.
He recommended starting out small, squirreling away $100/month.
Once the three to six month threshold is hit, that money can be redirected to investing or saving.
This, said Sethi, is a way to justify extraneous spending.
If not, then its not time to make that purchase.
The problem, said Sethi, is that people often struggle to say no.
Its a miserable way to live when all your spending is determined by other people, said Sethi.
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