3361: Why Increasing Your Income Won't Solve Your Financial Problems by Andy Hill of Marriage, Kids and Money

3361: Why Increasing Your Income Won't Solve Your Financial Problems by Andy Hill of Marriage, Kids and Money

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3361: Andy Hill shares how increasing his income didn’t solve his financial problems, despite earning more over time. He highlights the importance of focusing on net worth rather than just income, as building wealth is about managing the gap between earnings and expenses. Hill’s story emphasizes that lasting financial security comes from reducing debt, controlling lifestyle inflation, and investing wisely. Read along with the original article(s) here: https://marriagekidsandmoney.com/why-increasing-your-income-wont-solve-your-financial-problems Quotes to ponder: "My net worth was -$50,000. So it was really my Net 'Unworth.'" "We grow the gap by increasing income and reducing expenses; we protect the gap by avoiding lifestyle inflation." "Income can go away in an instant. My income would be gone, but my net worth would still be intact." Learn more about your ad choices. Visit megaphone.fm/adchoices

Avsnitt(3902)

037: On Failing Gracefully by Colin Wright of ExileLifestyle.com

037: On Failing Gracefully by Colin Wright of ExileLifestyle.com

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 37: On Failing Gracefully by Colin Wright of ExileLifestyle.com (Why Failure and Losin...

17 Jan 201610min

036: The Shockingly Simple Math Behind Early Retirement by Mister Money Mustache of MrMoneyMustache.com

036: The Shockingly Simple Math Behind Early Retirement by Mister Money Mustache of MrMoneyMustache.com

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 36: The Shockingly Simple Math Behind Early Retirement by Mister Money Mustache of MrM...

16 Jan 201610min

035: 10 Benefits of Rising Early, and How to Do It by Leo Babauta of Zen Habits

035: 10 Benefits of Rising Early, and How to Do It by Leo Babauta of Zen Habits

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 35: 10 Benefits of Rising Early, and How to Do It by Leo Babauta of Zen Habits (How an...

15 Jan 201613min

034: Letting Go of Sentimental Items by Joshua Fields Millburn of The Minimalists

034: Letting Go of Sentimental Items by Joshua Fields Millburn of The Minimalists

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 34: Letting Go of Sentimental Items by Joshua Fields Millburn of The Minimalists (How ...

14 Jan 201611min

033: How to Stop Complaining by Steve Pavlina of StevePavlina.com

033: How to Stop Complaining by Steve Pavlina of StevePavlina.com

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 33: How to Stop Complaining by Steve Pavlina of StevePavlina.com (Overcoming Negativit...

13 Jan 201612min

032: Great News - Early Retirement Doesn't Mean You'll Stop Working by Mr. Money Mustache of MrMoneyMustache.com

032: Great News - Early Retirement Doesn't Mean You'll Stop Working by Mr. Money Mustache of MrMoneyMustache.com

Mr. Money Mustache is a thirty-something retiree who now writes about how we can all live a frugal, yet awesome, life of leisure. He and his wife studied engineering and computer science in Canada, th...

12 Jan 201613min

031: 10 Ways to Simplify Your Budget by Leo Babauta of ZenHabits.net

031: 10 Ways to Simplify Your Budget by Leo Babauta of ZenHabits.net

Optimal Living Daily: Reading you the best content on personal development, productivity, and minimalism. Episode 31: 10 Ways to Simplify Your Budget by Leo Babauta of ZenHabits.net (Plus a Free Budge...

11 Jan 201612min

030: Financial Freedom: 5 Difficult Steps to Get Out of Debt, Create a Simple Budget, Plan for the Future, and Regain Control of Your Finances

030: Financial Freedom: 5 Difficult Steps to Get Out of Debt, Create a Simple Budget, Plan for the Future, and Regain Control of Your Finances

The Minimalists (Joshua Fields Millburn & Ryan Nicodemus) write about living a meaningful life with less stuff for 4 million readers. As featured on: ABC, CBS, NBC, BBC, TODAY, NPR, TIME, Forbes, The ...

10 Jan 201616min

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