[nivertech]

How much can you save per month by being frugal? Top several thousands dollars per month.

I prefer to focus my efforts on maximizing my income, which is theoretically unlimited, instead of minimizing my personal expenses, which are limited to $2K/month.

[billswift]

On the other hand, as todsul pointed out, cutting your expenses can give you more money to invest. Cutting costs that also eat up your time also gives you more time to increase your earnings potential. Owning many things brings to mind the definition of a boat as "a hole in the water into which you pour money" and your time.

[kamaal]

There is only X amount of time and Y amount of energy you can use to 'maximize your income'.

Now come to think of this. If you choose to go this way More expense imply more work. How long can you can you continue doing this. Unless you have a business which you can milk like a cash cow, a salaried employee can only go so far with 'Work more earn more' attitude to match his increasing expenses.

The only approach is to know to how to save and invest appropriately.

[alexallain]

It's worth noting that you are better off tax-wise saving one dollar than earning the same dollar. I didn't expect it to impact your argument that much, but given that the 2010 income tax rate in Israel is 44% for anyone making over ~90K/yr, 2K in savings is roughly equivalent to 3.5K in marginal income. From what I gathered last time I was in Israel, that was a pretty significant amount of income.