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