1628: The Unexpected Benefit of Earning Less Money Each Year by Kevin of Financial Panther on Income Trajectory

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 24 August 2021

⏱️ 11 minutes

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Summary

Kevin of Financial Panther shares the unexpected benefit of earning less money each year Episode 1628: The Unexpected Benefit of Earning Less Money Each Year by Kevin of Financial Panther on Income Trajectory Kevin is an attorney, writer, gig economy expert, side hustler, and the blogger behind Financial Panther. He paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer. He started Financial Panther to share all he knows about personal finance, travel hacking, and making more money by side hustling. The original post is located here: https://financialpanther.com/the-unexpected-benefit-of-earning-less-money-each-year/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily episode 1628, the unexpected benefit of earning less money each year.
0:06.9	By Kevin of FinancialPanther.com.
0:09.6	And I'm your host and personal finance enthusiast, Diana Mariam.
0:13.3	This is the show where I read to you and to myself, frankly,
0:16.8	from some of the best personal finance blogs on the planet every single day.
0:21.2	We're surrounded by messages of how difficult it can be to make ends meet and build wealth.
0:26.1	So thank you for spending this time with me, where we can empower ourselves to
0:29.8	take control of our financial health.
0:32.3	Do you have a question you'd like answered here on the show?
0:34.9	Go ahead and send it over to Finance at oldpodcast.com and you will hear from me soon.
0:40.7	Even if your question isn't answered on a Q&A episode, I do my very best to answer every email.
0:46.2	And we have a new author today from financialpanther.com.
0:49.9	I'll tell you more about him right after the post.
0:52.3	But for now, let's get right to it and start optimizing your life.
0:57.0	The unexpected benefit of earning less money each year by Kevin of FinancialPanther.com.
1:06.4	An assumption a lot of people make when thinking about their income is that
1:09.6	it'll have a sort of linear upward trajectory.
1:13.1	It's a logical assumption to make.
1:15.3	Each year, you gain more experience, get promotions, earn raises, and move to higher paying jobs.
1:20.8	It's natural to think that as you progress in your career, your income will steadily rise.
1:25.9	And while this is probably generally true that your income will rise over time,
1:30.4	it's unlikely it'll do so in a linear trajectory.
	...

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