How Taking a 20% Pay Cut Makes Us Richer

FraidyCat Finance
Making of a Millionaire
6 min readJul 25, 2021

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Photo by Shoaib SR on Unsplash

Mr. Blue Sky and I had been working full-time for six years when our son arrived. Through a combination of him staying at the same company and getting yearly raises and me launching my own business, so I wasn’t stuck in a no-advancement job, we’d gotten to where, without scrimping, we were saving 45% of our income.

As with so many, having a baby threw a bomb into our finances, new expenses, a…

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