More income, more security...right? Not always. In this episode, Dev unpacks the "two-income trap," a concept made famous by Elizabeth Warren, and why earning more doesnโt always mean financial freedom. He touches on:
๐๐พ what the two-income trap is and why it matters
๐๐ฟ how rising fixed costs (housing, childcare) eat away at extra income
๐๐ป why dual-income households can still face financial stress
๐ whether staying home with kids should be considered "paid work"
๐๐ผ practical ways to avoid falling into the two-income trap
๐๐ฝ plus, is it okay to borrow money to buy Christmas presents?
๐ Episode transcripts
We hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.
To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.
Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.
SYMO interactive Pty Ltd trading as money money money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.
Hosted on Acast. See acast.com/privacy for more information.
