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YMBL035 Are You a Henry?

In 2003, Fortune Magazine coined the phrase, H.E.N.R.Y, a term that stands for High Earner, Not Rich Yet. H.E.N.R.Y’s are often referred to people who earn a substantial amount of money, but are not investing in their self-worth through assets. According to statistics, about 23-million Americans are earning between $100,000 and $250,000, but - despite their high income cashflow - they are not considered ‘rich’ yet.

On today’s episode, I’m discussing the traits often found in H.E.N.R.Y’s. I’ll explain what a H.E.N.R.Y. is and how it is different than a T.I.T.A.N. I’ll also explain why it’s important to delay the desire for instant gratification in favor for investing in assets for your future, why you should convert your income into assets, and why what you do with y our paycheck is going to define whether you are creating wealth.

“You are perfectly positioned, with a few changes of habit, to convert from being a H.E.N.R.Y. to becoming a T.I.T.A.N.” - Sharon Lechter

This week on the Your Money, Your Business, Your Life Podcast:

• Traits commonly associated with high income earners who are not rich yet.
• The importance of saving and investing for your future.
• The importance of being open to compromise.
• The effects of choosing to live in the moment and have fun over working hard.
• Identifying what being a T.I.T.A.N is and the steps you need to take to become one.
• Why cashflow is not the component of long-term net worth.

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Thanks for joining us on this episode of Your Money, Your Business, Your Life podcast! If you found the information, tips, and interviews shared in this episode valuable and helpful to managing your money, your business, and your life, please check us out on iTunes, leave a review, and share our show with your friends and colleagues!            

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