Income and outcomes

Maximizing your income is not the same as maximizing outcomes.

It’s a choice what you want to see grow.

A choice that is increasingly more difficult each day with the rise of student debt—a trap many continue to fall into…sell out to corporate America to increase your standard of living or pick work that you love while struggling to live paycheck to paycheck.

Why do we even have to choose between work that you love and work that pays?

One problem: It’s because of the education system we have built.

A system of private institutions marketing to students about increased opportunities and better quality life by going to this popular schools over the other one. With some charging $250,000.

Yet, there is no evidence, no data that actually supports that by going to a popular school, you are going to have a better quality of life. Because the only thing that makes schools popular/prestigious is the football team.

Some tips on how to game the system so that you can have a comfortable income (comfortable being the key word here) while maximizing your outcomes:

  1. Avoid student loan debt. Get your associates from a community college and then pick a college that is in your home state to avoid out-of-state tuition.
  2. Avoid car payments. Get a junker. Pay it with cash. And when that breaks down, buy another. 150,000 miles is not too many miles. See how many miles you can get on your paid for vehicle before you buy a new one.
  3. Avoid consumer debt. If you can’t pay with cash, then don’t buy it.
  4. If you are in debt, get out of it. It might take the next decade to get out. Worth it.
  5. Skimp on Friday night dates before skimping on insurance.
  6. Don’t seek to raise your status. Live in a neighborhood that you can afford, drive a car you can afford, don’t pay for a spare bedroom you don’t use…

The happiest people in the world are the ones who can figure out what’s the least amount of income they can earn to be comfortable while maximizing their outcomes.

Also creating something that you are so proud of that you can put you name on is priceless.