Most Are Supposed To Be Broke Or Earn Average Income, But Some Break Out Of It
You can, too
The average person has some or all of the following financial circumstances occurring at any given time:
Living paycheck to paycheck.
Finding everything “expensive”.
Worrying about all of their bills.
They feel like a ceiling on their income traps them.
Stay behind on their investment and retirement goals.
They don’t know how or where to invest their money.
Wondering how they’re going to pay rent or the mortgage.
Complaining about or pointing out the price of everything.
Hoping to get some money back from their tax return (i.e., if you’re getting a tax refund, you’re loaning your money to the government for one year. Don’t fall for this trap.)
Do you or your financial situation align with any of these?
We’re Not Taught About Personal Finance In School
We’re not learning about money in school.
We’re not learning about money at home.
We’re not learning about money in our spare time, either.
And this is why most households earn below $75,000 per year. This isn’t a bad number, but it can impact your financial options.
% Distribution of Household Income In US, 2021
Most are meant to fall into something other than these categories (Top 10%, 5%, 1%, or 0.1% of earners). Society is meant to be broke or living with significantly fewer financial options than the outliers.
The way to break out of financial norms is through:
Consistent investing
Consistent income increases
Consistent financial education
Consistently living below your means
Even some “rich” fall back into being broke because they lack financial education, don’t consistently invest, or live below their means.
What Do You Want To Experience Financially?
Many people don’t think they can escape their current financial situation because they’ve been in it for so long.
After graduating college, I aimed to earn $100,000 a year. It seemed impossible, but I ignored the thought and became determined to do so. From there, my financial goals continued to grow, but with intention.
Earning endless amounts of money is likely meaningless if you’re impact is zero.
The goal isn’t to earn more money.
The goal should always be to be able to give, help, and be of service to as many as possible and also to experience financial freedom, which means the ideal number for you will look different compared to someone else.
If you desire to shift your financial situation, define your financial intention and question why that is your intention.
Once you have defined your intention, focus on manifesting it.
Remember that the key ways to shift your financial situation include the following:
How To Shift Your Financial Situation:
Consistent financial education
Consistent investing
Consistent income increase
Consistently living below your means
It worked for me, and it can also work for you.
Limited resources will always do one thing: limit your options.
This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any significant financial decisions.
I have a minimum amount set to auto invest each month so I don't have to worry about being consistent. One question I have is if the amount you invest each time is also important. I'd imagine someone who can invest $1000 every month may have more in returns compared to someone else investing half of that a month. If this is true, should a goal also be to increase the amount you consistently invest as your income grows?