1739: Why Increasing Your Income Won't Solve Your Financial Problems by Andy Hill of Marriage, Kids and Money

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🗓️ 13 December 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andy Hill talks about why increasing your income won't solve your financial problems Episode 1739: Why Increasing Your Income Won't Solve Your Financial Problems by Andy Hill of Marriage, Kids and Money Andy Hill is a husband and father to two awesome (and crazy) kids and they hail from the great state of Michigan. His goal is to give his family the best life possible and strengthen their family tree for generations to come. In 2016, he got so geeked about this topic of young family finance that he decided to start a blog and podcast about it. It began as a hobby and then morphed into a fun side hustle when people started to enjoy the information he was sharing. Fast forward to today, he’s left his corporate event marketing career behind and is now a full-time blogger and podcaster who has been featured in major media outlets like CNBC, Kiplinger’s Personal Finance and NBC News The original post is located here: https://marriagekidsandmoney.com/why-increasing-your-income-wont-solve-your-financial-problems 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	Do you hear that?
0:05.5	It might sound like nothing to you, but it's actually the sound of nuclear, wind and
0:10.0	solar energy.
0:11.0	At EDF, we're busy generating more British zero carbon electricity than anyone to help
0:16.8	keep future energy costs down for everyone and help cut UK carbon emissions to nothing.
0:22.6	Sound good to you?
0:24.6	It's a minimalist Monday edition of Optimal Finance Daily, episode 1739, while increasing
0:37.3	your income won't solve your financial problems.
0:41.0	By Andy Hill of MarriageKids and Money.com, and I'm your host and personal finance enthusiast
0:47.7	Diana Mariam.
0:49.4	This is the show where I serenade you with the sweet sounds of personal finance knowledge
0:54.3	from some of the best blogs on the planet, with the author's permission of course.
0:59.6	Now let's get right to today's post as we optimize your life.
1:07.7	Why increasing your income won't solve your financial problems by Andy Hill of MarriageKids
1:13.4	and Money.com.
1:16.1	I remember the day I received my first job offer, a $38,000 annual income.
1:23.6	For a young guy right out of college, this seems like an absolute boatload of money.
1:29.2	I felt like Scrooge McDuck swimming through his vault of gold coins.
1:34.6	That same year, I leased an Audi convertible, bought my first home with 10% down and traveled
1:41.2	on a week-long vacation to Mexico using my home equity line of credit or HELOC.
1:47.7	I was in my early 20s.
1:49.8	I was living paycheck to paycheck, but I didn't care.
	...

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