Show - 30 Dual Income Teacher Benefits with Eric McClarey

In this episode, I talk with Eric McClarey about the benefits of dual incomes for teachers and how to maximize those.

2/14/20241 min read

man and woman holding hand while walking on bridge
man and woman holding hand while walking on bridge

Being financially successful on a single teacher salary is incredibly difficult, but with two incomes it is very possible for teachers to thrive. Eric McClarey, the Teacher Money Coach, and I discuss the benefits of a dual income teacher household and how to maximize those benefits in this episode.

Key Ideas

  • Having dual income can allow you to be very successful financially, but it must be handled with care.

  • You can put aside a lot of money into retirement as teachers, which is a huge benefit.

  • Plan for retirement as if you won’t have a pension and you’ll end up much better off as a result.

  • Avoid the dual income trap by trying to live, as much as possible, on one income instead of living to the full extent of both. You’ll be glad you did!

Show Transcript