income Archives - Empathic Finance | Mike Pumphrey, AFC®

How to have regular income (even when you own your own business)

Posted by Mike Pumphrey on April 8, 2024 | Featured

When you own a business, it can be tempting to take your business income as your own, but setting up regular income is a better system. … Read More

Tags: business, income

Pouring the jug: How to handle when your income is irregular

Posted by Mike Pumphrey on August 21, 2023 | Featured

I propose an allegory and model for thinking about how to deal with irregular income in a way that will help you reduce risk and uncertainty. … Read More

Tags: budgeting, float, income, irregular, spending

Why we live in a Squid Game economy

Posted by Mike Pumphrey on November 1, 2021 | Featured

I look at “Squid Game” and see the failings of our own economy, as well as lessons on what we could do to create more wealth for all. By now you’ve probably either watched Squid Game, the hit series on … Read More … Read More

Tags: Breaking Bad, income, income inequality, Squid Game

How to make less money

Posted by Mike Pumphrey on October 11, 2021 | Featured

When you need to (or want to) live on less, here are the steps you can take to streamline your spending so you can afford to make less money. Last time, I talked about what to do in order to … Read More … Read More

Tags: income

How to make more money

Posted by Mike Pumphrey on October 4, 2021 | Featured

If you have a job and you want to make more money, I’ve got a plan to help you get there. (Just figure out how much you want first.) I’ve spent lots of time talking about the problems around the … Read More … Read More

Tags: income, plans, raises

Want to get an allowance? Make a budget.

Posted by Mike Pumphrey on June 28, 2021 | Featured

Many think that making a budget is a restriction, but it’s actually the opposite: an allowance to spend money. I remember when I was a kid, I got an allowance from my parents. I loved it. Who wouldn’t love an … Read More … Read More

Tags: allowance, beauty, income, spending

You have a high income, so why don’t you have any money?

Posted by Mike Pumphrey on June 21, 2021 | Featured

I debunk the myth that there is a correlation between earning a lot of money and having a lot of money, because it isn’t always true. Isn’t it amazing the vast disparities in income? I know someone who pulls in … Read More … Read More

Tags: high income, income

Who needs coaching more: those with higher or lower income?

Posted by Mike Pumphrey on May 17, 2021 | Featured

A discussion on how your income level and assets can affect your specific needs for coaching and financial wellness. Money coaching isn’t exactly a new field, but it’s unfamiliar to enough people that I find myself having to define it … Read More … Read More

Tags: income

Your income is not your value

Posted by Mike Pumphrey on December 16, 2019 | Featured

Our beliefs about income can be toxic. People who make more than you are not better than you, and they don’t have a higher value either. I’m a huge fan of older video games, the ones made before 1990. Some … Read More … Read More

Tags: beliefs, Cantor, income, value

Remember: income and wealth aren’t the same thing

Posted by Mike Pumphrey on October 28, 2019 | Featured

Managing your money effectively matters so much more than your income. Which is better to have, high wealth or a high income? The question isn’t a good one, and lacks nuance, but it’s a good test, in case you think … Read More … Read More

Tags: income, wealth

income