I think you bring up a great topic, and one that was recently written about by Steve, from the blog Brip Blap. He wrote that spending less than you earn is the wrong way to think
. His message was that you should think about increasing your income for the same reasons you mentioned.
I feel the same way and try to increase my income through raises at my day job and various other means including income via my blog. But I also write about reducing expenses. Why? Because most people have a lot of money leaks that if they can plug, will save them a lot of money. In my opinion, a penny saved is worth more than a penny earned
, mostly because of tax reasons and opportunity cost.
As for the poll... I am not rich yet, but if the option JD mentioned was up there, "I'm not rich yet, but I'm getting there," I would select that. My wife and I are comfortable, and I think we are doing the right things by saving and investing, and finding alternate income sources to increase our household income. We are by no means wealthy, but I think we are well on our way to getting there.