408 - Income Fund 101: Do You Have an Inconsistent Monthly Income? We Got You!
Episode description
One of the hardest nuances to manage in our finances is dealing with an inconsistent income. While some people might get a salary or work a consistent set of hours, many rely on commissions, royalties, bonuses, and varying hours to feed their family. One month might pay $15,000, and the next $2,000. It can be a whipsaw of emotion, ranging from euphoria to panic. In today’s episode, host Travis Shelton explains how he coaches families through this dynamic. If done well, we can take the most volatile income on earth and make it more stable than even salaried positions. If you have an inconsistent income, this one could transform the way you handle money.
Referenced Episodes:
405 - Budgeting 101:https://pod.fo/e/2a82dc
406 - Sinking Funds 101:https://pod.fo/e/2a8e06
407 - Personal Spending 101:https://pod.fo/e/2ab0bb
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