đ Hey there and welcome to the WalletBurst newsletter for the month of August 2023.
đ” Paychecks, Not Portfolios: Why Income is the Key to Financial Success (OfDollarsAndData.com)
- âTell me someoneâs income and that will tell me more about their ability to build wealth than just about anything else.â
- âAÂ high income by itself wonât make you wealthy, but nearly every person who is wealthy had a high income.â
- âIncome level is more highly correlated with savings rate than any other metric.â
The cost to own vs rent has not been this far apart in most peopleâs lifetimes.
âïž CoolWorks.com: Find seasonal or year-round jobs in fun, outdoor places. Great for the Coast/Barista FIRE crowd, these jobs often cover your lodging and food on top of your pay!
- Once youâve reached your Coast FIRE milestone, you gain the freedom to take jobs that pay less, but are more flexible and aligned with your interests so they donât feel like work.Â
- I came across CoolWorks.com and wanted to share it since it really aligns with the Coast/Barista FIRE strategy. Here are some seasonal jobs that caught my eye: see the northern lights as a guide in the Artic circle in Alaska, or work as a chef near Yosemite.
I had my 15 minutes of fame when one of my calculators got shared in this community note on Twitter đ. The tweet was since deleted, but here is a screenshot:
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End Note
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And if you have any feedback on my site or come across any interesting personal finance content, send it my way to andrew@walletburst.com. I love to hear from my readers/users!
Have a great day,
Andrew âïž
