I was reading an article today that talked about the different ways that people have been able to manage a financially rewarding lifestyle. For one person he talked about how he was against borrowing money and when it came to him starting a business he did not rely on loans to get him going but rather he slowly generated revenue for his business which he would then re-invest back into his business. As a result, he created a multi-million dollar business.
I personally think this is one of the smarter and more logical things to do. Of course, there are a lot of people who believe otherwise as they say you should spend a lot of money at first to get things going as you need to spend money to make money. In my opinion, re-investing based on what you earn also kind of forces you to really be accountable and wise with your spending habits as well. That is the real value of it all as once you learn how to do that you should be able to manage your finances with ease.