408 - Income Fund 101: Do You Have an Inconsistent Monthly Income? We Got You!
One of the hardest nuances to manage in our finances is dealing with an inconsistent income. While some people might get a salary or work a consistent set of hours, many rely on commissions, royalties, bonuses, and varying hours to feed their family. One month might pay $15,000, and the next $2,000. It can be a whipsaw of emotion, ranging from euphoria to panic. In today’s episode, host Travis Shelton explains how he coaches families through this dynamic. If done well, we can take the most volatile income on earth and make it more stable than even salaried positions. If you have an inconsistent income, this one could transform the way you handle money. Referenced Episodes:405 - Budgeting 101:https://pod.fo/e/2a82dc406 - Sinking Funds 101:https://pod.fo/e/2a8e06407 - Personal Spending 101:https://pod.fo/e/2ab0bbIf you have questions or would like to connect with us outside of the podcast, here's where you can find us: Podcast website: https://www.travisshelton.com/podcast Daily Blog: https://travisshelton.com/blog Subscribe to the Daily Blog: http://eepurl.com/gB07Ef Podcast Facebook Group: https://www.facebook.com/groups/370457478238932 Travis’s Instagram: https://www.instagram.com/travis_shelton_ Travis’s Facebook: https://www.facebook.com/travissheltonco/YouTube: https://www.youtube.com/channel/UCasnj17-bOl_CZ0Cb9czmyQTikTok: https://www.tiktok.com/@meaning_over_money