Do You Make Good Money, but You’re Not Rich Yet?
HENRY stands for “High Earner Not Rich Yet” and is used to describe (typically) young workers who make a lot of money....
...yet haven’t been able to build meaningful wealth due to various expenses like student loans, childcare, taxes, and more.
Financial Planning for HENRYs
Get Out of Debt
It doesn’t matter how much money you make if you fail to pay off your loan obligations.
Create a Budget
Tracking your monthly income and expenses can be a great start towards creating a monthly budget.
Start to Save Money
Make sure to try to identify what is a want and what is a need in your monthly spending and aggressively cut down on the “wants.”
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