Are you tired of living pay cheque to pay cheque? Do you feel like your financial circumstances haven’t really improved in the last two years (or even went backwards)? Do you wish you could just make more money?

It’s time to start thinking differently. According to The Bogleheads’ Guide to Investing, you need to upgrade your ‘pay cheque mentality’ to a ‘net worth mentality.’

Pay cheque mentality: My financial security depends on my income. 

Net worth mentality: I have financial resources beyond my regular pay cheque. 


“It’s not how much you make, it’s how much you can keep.”

When it comes to winning financially, we often get obsessed about income. We think the reason why CEOs and pilots are rich is due to the money they earn. When we look at friends who are pulling higher incomes, we judge that as a successful indication of wealth.

But it’s more than just income. While living the high life, many big earners have ended up in financial ruin after taking a bad hit (like losing a job), simply because they had a pay cheque mentality.

No matter the size of your pay cheque, upgrading to a net worth mentality is more than just increasing your income. It’s also about building your savings and investments (financial resources) so that losing your job doesn’t mean the end of the world. Seems simple, but many of us remain stuck living pay cheque to pay cheque.


What is my net worth?

It’s easy to calculate. Your assets (the things you own, your cash), minus your liabilities (your debt), equals your net worth.

You improve it by saving more, paying down any debt and eventually making good investments.


How to get started.

Spending less than you earn is the easiest way to improve your financial net worth. 

Think about it. What do you have the most control over? Your income or your spending? Is it easier to ask your boss for a raise, or cut down the amount of times you eat out each month?

Get creative with income. Start smashing that debt down with cash from a new side hustle. Sell those clothes you don’t wear on eBay.

Having a healthy net worth may seem like a distant far reaching goal, but start small and keep at it. Over time you’ll thank yourself for upgrading your financial mentality!


At SteadyPay we help those on volatile income earn consistent pay – which helps people budget effectively towards improving their net worth. Learn more about us here.




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