Your W-2 Career

Don't Quit Your Day Job

Ask yourself, "Am I able to accomplish what I want to do in life on my current career's income?" If you're answering "Yes" then you're one of the lucky ones.

Congratulations.

I hope you can keep that job also. In this day and age, that may not be likely.

If you're answering "NO!" (an emphatic NO) then you're probably in the company of the majority. In fact, according to the US Census Bureau, median income for ALL HOUSEHOLDS in 2009 dollars was $49,777 (U.S. Census Bureau, 2010)

What will 50 GRAND do these days? Not much other than getting a roof over your head (which is important), food in your mouth, and something to get you to and from that job.

So what about the extras?

Well, you can go without. Most certainly.

OR

You can get them now, and pay for them later. This is called GOING INTO DEBT. And from personal experience, I DO NOT RECOMMEND IT.

It’s painful. And if you’ve been there, or are there, you know what I’m talking about.

So the right answer is live within your means. Easier said than done. And I’m not talking about living extravagantly either. I’m simply adding all the things one is supposed to do in life, up.

Do you contribute 15% to a 401K?

Participate in an employee stock purchase program (if your job has one)?

Have children that you want to put in activities?

Want to go out to eat once and a while?

Even buy an occasional gift for your loved one?

Take a vacation, maybe?

Are these overly extravagant things I’m talking about here?

Absolutely not.

Can you get them just from working your career alone?

...Maybe...

But probably not to the extent you would like to.

There are two sides of the equation on your personal economy. Either decrease expenses, or increase revenue.

Which would you rather do?

Next Stop: CLICK HERE

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