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Q&A: $230K Income Living Paycheck to Paycheck, 15 vs. 30-Year Mortgages, & How Inflation is Calculated

Rich Habits Podcast

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Mastering Income Management

This chapter tackles the issue of living paycheck to paycheck on a $230K income, offering insights into effective budgeting and spending audits. The speakers provide strategies for optimizing expenses, including reconsidering children's activities and utilizing bonuses for retirement savings. The discussion also touches on navigating mortgage options, emphasizing the importance of financial flexibility and understanding inflation's impact on everyday costs.

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