Over the course of your career, if you work for 30 years and get paid every two weeks, you’ll get exactly 780 paychecks. If you work for 40 years, you’ll get 1,040. What you do with those paychecks over that time will determine how long you work, how much money you’ll have when you retire, and whether or not you can even retire.
It’s important to have an understanding of where your money is going each month and how that money is either working for you or against you for the future. In this chapter, we’ll explore some crucial financial concepts related to your income that will help you better manage your money and think about it in slightly different terms than you might be used to.