The Money with Katie Show

Rich Girl Roundup: Balancing a Rewarding Job with Low Pay

6 snips
Mar 10, 2023
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ANECDOTE

Henah's Nonprofit Pay Story

  • Henah shared her nonprofit experience earning $60,000 in NYC and loving the job despite the low pay.
  • She struggled with money stress feeling 'behind' on goals while loving her rewarding work.
INSIGHT

Basic Needs vs. Comparison Stress

  • Distinguish if low pay causes basic needs stress or comparison stress with wealthier peers.
  • If basics are met and some savings are possible, loving your job can outweigh chasing short-term money.
ANECDOTE

Henah's Pandemic Pay Cut

  • Henah faced a 50% rent-to-paycheck ratio during the pandemic, making savings nearly impossible.
  • She loved her job but felt behind on life goals like home or car ownership.
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