Getting a Pay Raise in 2020? Here's How to Make the Most of It
by Lisa Brown, CFP®, Partner and Wealth Advisor, Brightworth
Feb 03, 2020
3 minutes
With many companies experiencing strong profits and the S&P 500 gaining 31% in 2019 including dividends, many professionals, executives and senior-level managers are getting well-deserved raises in 2020.
But be careful. With each new pay raise, people tend to increase their lifestyle -- they take on a bigger mortgage, buy a luxury car or install a large swimming pool in the backyard. Yet these expenses don't have long-term financial benefits.
With the right planning, it's possible to treat yourself within
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