Episode 210
Why More Income Won’t Create Financial Security
You make decent money. But somehow, it still feels like you’re behind.
You're earning more, working harder, and doing all the things you're supposed to do, yet somehow your finances still feel tight. Maybe you've increased your income, taken on a side hustle, or followed all the typical advice, but the feeling of security never quite shows up.
In this episode of Ditch The Suits, I explore why earning more doesn't necessarily make you feel more financially secure.
We'll look at how we define financial security and why two households earning exactly the same income can have completely different financial experiences.
More importantly, we uncover the question you really should be asking yourself if you want to understand where you stand financially.
In this episode, you'll discover:
- 0:00 – Intro.
- 0:29 – Why so many people feel behind financially.
- 2:52 – What financial security actually means.
- 4:29 – How we really measure poverty and why it will always exist.
- 5:29 – Why earning more doesn't automatically create financial stability.
- 7:34 – How two households with the same income can have completely different financial experiences.
- 10:06 – The gap between looking successful and being successful.
- 11:15 – What's missing from most people's financial lives.
- 13:22 – Why comparing your financial situation to other people's doesn’t work.
- 15:26 – The question you should ask to understand your own financial situation.
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Travis Maus on LinkedIn - https://www.linkedin.com/in/travis-maus/
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