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How to Get Rich on Unreliable Income


How to Get Rich on Unreliable Income

For any worker, getting rich is a lofty goal. For someone with a fluctuating income, such as a salesperson on commission or a seasonal employee, it's considerably more difficult. In fact, just paying the bills can be quite a challenge when your income varies widely from month to month.

Even if your annual income is quite high, you may find that some months you just don't have enough money in the bank to cover basic expenses (let alone have some fun). That's not an income problem, that's a cash flow problem. Cash flow refers to how money flows into and out of your possession over time. Businesses use a special report, imaginatively called a "cash flow report," to track their cash flow and identify any issues. You can do something similar just by creating a monthly household budget.

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Source: Fool.com


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