Becoming A Single Income Family - a podcast by Jarmar Dupas aka The Money Misfit

from 2016-06-13T08:15:16

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On today's show, I'm finally addressing the most popular thing I get asked about: How my family of 5 survives and thrives off of just one income. We go into the humble beginnings of our marriage and parenthood, explaining why we decided to do this and giving 7 steps that you can take to become a single income family.


 

In this 43 minute episode we discuss:



  • Our story; life after we had our first child and how we got to where we are today

  • What made my wife consider being a SAHM (stay at home mom) despite her upbringing and career-driven mentality

  • Parenting styles, daycare, breastfeeding and other things that weighed in on our decision

  • How my wife going back to work part-time after maternity leave helped us transition into her becoming a SAHM

  • The surprising benefits of being a single income family

  • The costs of working

  • How having a stay-at-home parent actually saves you money and your weekends

  • The lifestyle of a single income family

  • How living on one income decreases stress and increases security

  • How you and your spouse can BOTH work yet still live off of one income, and why doing so gives you more options

  • How just making the decision to live off of one income is the most important step, regardless of your circumstances!

  • The importance of becoming team players

  • Considering the material, physical and psychological costs of your job

  • The chief cause of failure

  • Unique ways to transition into this lifestyle, why you don't necessarily need to quit your job

  • Considering what you value most in life

  • Our rule of thumb when it comes to housing expenses

  • A minimalist lifestyle, we think this article is a good introduction to the concept

  • Leaving the Joneses alone

  • Staying ahead of your money and eliminating distractions

  • Dedicating time to your goals

  • Breaking the paycheck-paycheck cycle

  • How gratitude improves your lifestyle

  • Keeping what is most important to you in the forefront

  • The secret to knowledge and building faith

  • And much, much more


Take notes... Listen to it again and again!



Show Notes:


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Further episodes of Get Your Money Right

Further podcasts by Jarmar Dupas aka The Money Misfit

Website of Jarmar Dupas aka The Money Misfit