Who is H.E.N.R.Y.? Who is his friend A.L.I.C.E.? What are some signs that you might be dealing with a H.E.N.R.Y.?
In 2003, Shawn Tully wrote an article for Fortune Magazine introducing us to H.E.N.R.Y. — High Earner Not Rich Yet. This is someone who makes between $250,000 and $500,000 per year, but because of taxes, housing and family costs, basically lives paycheck to paycheck.
In this week's episode, George and Shawn talk about H.E.N.R.Y. and his friends, A.L.I.C.E. (Asset Limited, Income Constrained, Employed) and D.I.N.K. (Dual Income, No Kids).
What are the pros and cons of being H.E.N.R.Y.? How can you break the cycle to become rich and stop being H.E.N.R.Y.? How can you climb out of the hole if you're A.L.I.C.E.?
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