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Podcast: Dev Raga Personal Finance
Episode: 509 the two income trap: why earning more isn’t always better
Description: More income, more security...right? Not always. In this episode, Dev unpacks the "two-income trap," a concept made famous by Elizabeth Warren, and why earning more doesn’t always mean financial freedom. He touches on:👉🏾 what the two-income trap is and why it matters👉🏿 how rising fixed costs (housing, childcare) eat away at extra income👉🏻 why dual-income households can still face financial stress👉 whether staying home with kids should be considered "paid work"👉🏼 practical ways to avoid falling into the two-income trap👉🏽 plus, is it okay to borrow money to buy Christmas pr...