Sunday, December 22, 2024

How to turn a six-figure salary into lifelong wealth

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After rising through the ranks of the recruitment industry, Sinead Connolly struck out on her own in 2015 at age 27, founding recruitment firm Lotus People. With earnings exceeding $180,000, Connolly is an example of a HENRY – or high earner, not rich yet.

It’s an acronym first framed by Fortune Magazine in 2003 to describe an individual or couple who, while well paid, have little in the way of net assets to show for the money they earn.

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