Earning a six-figure salary can make building wealth easier, but it’s not a magic solution for your financial woes. Earning a high income is only one part of the equation.
Having a financial blueprint will give you peace of mind since you know what financial moves you need to make to ensure your success. It will also help you align your finances with your long-term goals and values.
Talk with a financial advisor or a tax advisor on how you can pay fewer taxes this year. If you own your own business, it’s important to enlist the help of an accountant or tax advisor.
Get in the habit of saving the same amount of your income no matter how much you make. A good number to shoot for is 20-25 percent (more if you’re able).