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Earned Income:

Place your net pay Net pay is the money you receive after all other Taxes and deductions are accounted for. Standard Taxes & Deductions Federal Income Tax State Income Tax Social Security & Medicare Medical Premiums 401k Contributions.

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Earned Income:

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  1. Place your net pay Net pay is the money you receive after all other Taxes and deductions are accounted for. Standard Taxes & Deductions Federal Income Tax State Income Tax Social Security & Medicare Medical Premiums 401k Contributions Do not worry about passive or portfolio income for now. Earned Income: Earned income is income you receive from performing a service or job. Typically this income will be produced from a 9-5 job. This is the majority income source for most individuals and the hardest to increase. However, if you go to work everyday and put your best foot forward, ensuring that you give 100% you should be able to increase your income over time. Aim at becoming the best in your office, if you're already the best at what you do in your office, then strive to climb the ranks. Whatever you do, do not settle and be complacent.

  2. Housing: List your mortgage or rent payment Utilities: Power/Gas Bill Water Cable/Internet Cell phone Etc Transportation: Car Payments Insurance Payments Gas Education: Student Loan payment Credit Card: Minimum payment for that card Any other expenses you may have: Daycare Child support Etc Food $0

  3. Bank Accounts: Checking Savings CDs Stock: Any stocks outside of your retirement plan Emergency Fund: Savings account 401k & IRAs All retirement accounts Real Estate The market value of any rental property Home Mortgage: Amount owed Credit Card: Total amount owed Car loan: Amount owed School loans: Amount owed

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