[friendociate]

I never had an income plan; almost 42 years old, and I JUST NOW thought it would be 'a good thing to have!' (Oh, I had "excuses out the wazoo!" like 'I'm going to be a big star (of stage, screen & sound)!' or 'I'm going to win FORTUNES in damages from my near-death!' or 'my grandfather was one of the founding engineers of Fred Jones (Ford) Manufacturing, shouldn't I have vast stores of inheritance coming in soon?' etc.).

But most 'kids' should have "an income-plan" before they get out of high-school---I imagine it's something like 'keep working this minimum-wage job until either they promote me to a higher-wage position THERE or something more profitable comes along.'

But that gets me into 'why I don't HAVE such a job today'---I live in a city that is apparently "doomed" to 'urban sprawl'---here I'm talking about 'the design given to a city (particularly one with a lot of land-area like mine), where "you've got to have a car" to get "anywhere different" (particularly 'from home to work,' but also 'from home to dining or -to public events or -to entertainments (live bands, movie-theaters, plays, etc.)')'.

Sure, now we've got the Internet--where I can do my '3 hours worth of work out of the 8 hours we're hired-for' (which is how much "work" they get out of "9-to-5" employees now)--but who's gonna pay me above-average payment-rates to stay at home for those hours & do "whatever I feel like doing (plus a little work sometimes)?"

[oldbuddy]

I never had an income plan; almost 42 years old, and I JUST NOW thought it would be 'a good thing to have!' (Oh, I had "excuses out the wazoo!" like 'I'm going to be a big star (of stage, screen & sound)!' or 'I'm going to win FORTUNES in damages from my near-death!' or 'my grandfather was one of the founding engineers of Fred Jones (Ford) Manufacturing, shouldn't I have vast stores of inheritance coming in soon?' etc.).

But most 'kids' should have "an income-plan" before they get out of high-school---I imagine it's something like 'keep working this minimum-wage job until either they promote me to a higher-wage position THERE or something more profitable comes along.'

But that gets me into 'why I don't HAVE such a job today'---I live in a city that is apparently "doomed" to 'urban sprawl'---here I'm talking about 'the design given to a city (particularly one with a lot of land-area like mine), where "you've got to have a car" to get "anywhere different" (particularly 'from home to work,' but also 'from home to dining or -to public events or -to entertainments (live bands, movie-theaters, plays, etc.)')'.

Sure, now we've got the Internet--where I can do my '3 hours worth of work out of the 8 hours we're hired-for' (which is how much "work" they get out of "9-to-5" employees now)--but who's gonna pay me above-average payment-rates to stay at home for those hours & do "whatever I feel like doing (plus a little work sometimes)?"

I guess I have an income plan. I plan to collect Social Security until I die and make as much from side-gigs as I can to make life easier.

[eldavis]

When it comes to money, having a plan is extremely important cause money easily flows. If you are not careful you would end up spending it on things you do not plan for. Take time out and create a plan on the income that comes in and how you would be spending it.

[astutimeliana723]

When it comes to money, having a plan is extremely important cause money easily flows. If you are not careful you would end up spending it on things you do not plan for. Take time out and create a plan on the income that comes in and how you would be spending it.

That's right, I agree with you. I am also very calculating when it comes to spending my money. I don't want my money to go to something that is not important.

[Streamguy69]

I have a plan. I just need it to work and so far it is so I must be doing something right. Stay tuned

[Semi]

Everyone that intends to go far in life must have an income plan. No need to get it twisted.

[nela13]

To have an income plan, you need to make investments, you can rely only in your salary but that is not a plan, to have a plan you need other sources of income.

[Treborika]

I think the income plan is something worth ever for everyone to consider. It helps one to keep them somewhere financially.

[Nsikan]

I always plan out how my income would be utilized even before it arrives.

[astutimeliana723]

I always plan out how my income would be utilized even before it arrives.

What you are doing is great, I am doing it too so I can save my money from spending money on unnecessary things.

[Xynehappy]

I didn't had one. Probably it's because that I am not the one in charged for the responsibilities for the family's finances.

[Presh]

I think everyone that stresses to earn money should have a plan for that income. That would keep you from spending unnecessarily on impulse purchases.

[nela13]

I think everyone that stresses to earn money should have a plan for that income. That would keep you from spending unnecessarily on impulse purchases.

That is a budget, manage the money we have available every month. An income plan is more a strategy to find new ways to earn more every month.

[Nsikan]

True. An income plan is to explore ways to earn money. Every person should have earning goals and practical ways to achieve those earning goals.

[Pistis]

An income plan also includes how you spend your earnings. It would help you not just to explore ways if making money but to make informed decisions on how you spend your money.

[Nsikan]

Every month, a rational person must outline how he plans to earn income and seek to increase his income stream regularly.

[Treborika]

Income plan is really a key component to financial freedom. It guides one in controlled spending and making savings for the future.

[eldavis]

Seriously working towards creating one pretty soon though, an effective one.

[Xynehappy]

Income plan is something that l really looking forward to getting it. It's the key to the financial success for a person.

[Nsikan]

Seriously working towards creating one pretty soon though, an effective one.

It is not something that is rocket science to create. It is something that just requires you to sit down and draw up the plan.