Treat Your Salary Like It’s Temporary

If you’ve finally gotten that job (or that raise), it can be easy to assume that you don’t have to worry about money anymore. You’ve got that steady paycheck, after all.But every paycheck is steady until it isn’t—and the biggest mistake you can make with your income, especially once it hits the level at which…

Treat Your Salary Like It’s Temporary

If you’ve finally gotten that job (or that raise), it can be easy to assume that you don’t have to worry about money anymore. You’ve got that steady paycheck, after all.But every paycheck is steady until it isn’t—and the biggest mistake you can make with your income, especially once it hits the level at which you no longer need to stress about your day-to-day expenses, is to assume it’ll stay that way forever.At Kiplinger, certified financial planner Joseph C. Conroy explains:That’s the challenge with high-earning professionals. Being intelligent and making a lot of money does not mean you know what to do with it when you have it. These careers also take more time to start bearing fruit. That extra time puts the professional behind on their savings goals, which creates
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