Living without certainty about your income is challenging enough without having market volatility to contend with as well. Here are some tips to navigate all of your finances if you find yourself in a situation with an irregular income, and how you can still manage day to day expenses and invest some of your savings for the long-term so you can live the life you’ve envisioned.
Assuming that there is no change in a person's spending or professional income and assuming that they are spending less than they earn and doing something productive with it, then over a long period of time a person's net worth should start to accelerate. But what if it doesn't? Take a look a this case example to learn more.
The past several months have been a difficult time for the many people across the country battling the global Covid-19 pandemic. The impacts reached almost every person, from essential employees and those who contracted the virus, to the general population sheltering in place to minimize the spread of the disease.