I just received my Social Security statement for the year. I’ve never paid too much attention to it but this year I decided to look at how my income has changed, percentage-wise, since I first started working as a 16 year old in 1982 for a meat market in a local grocery store. Interestingly, my income doubled the next year when I stated receiving tips as a bag boy who carried groceries out and loaded them into the cars of our customers. Who says a service job doesn’t pay?
Though the changes to my income over 28 years of working are drastic, it doesn’t feel that way. Today I make more per day than I did per year in 1982 but I’ve had up years and some down years. In the early 90’s my income dropped 86 percent over three years, but then rebounded over 3,000 percent in the three years following. Those down years were the years I went into massive credit card debt that took over a decade to get out of.
Because your income can change no matter where you are in your career, you should never think your situation is hopeless. You aren’t stuck. There is always something you can change and 999 times out of 1,000 the something that needs to be changed is … you.
Check out these great links from my friends around the blogging world.
International Bond ETFs: Should You Own Them? Maybe, maybe not. It all depends on what you’re trying to accomplish and Mike helps you sort that out.
It’s Time for a “Virtual” Reality Check Are advances in technology really a good thing? Jason provides nine arguments against modern conveniences.
Flexible and Health Savings Account Changes for 2011 – Over the Counter Medicine Reimbursement If you have an HSA, you better know how the latest healthcare bill will negatively affect you.
Which Debt to Pay Down First? – When trying to pay off debt, it can be difficult at first to know where to start. This article will help you decide where to start first based on your circumstances.
Where Do You Rank as a Taxpayer? Just because you’re in the top 10% doesn’t mean you feel rich.
Being Financially Responsible Means You’re a Lame, Dorky, Geek? Not that it matters what everyone thinks anyway …
Share Buyback Programs Are Not As Great As Investors May Think What else is a big company going to do with all that cash? They certainly couldn’t give out raises, could they?
Focus: We lack it, and it’s costing us Our minds spend 46.9% of the time wandering. You’re doing it right now, aren’t you?
My Pay Stub Deductions Apparently I’m not the only one paying attention to how my income has changed.