How to Handle Your Student Debt After Graduation
Key takeaways Two-thirds of students who just graduated college have student debt. Students must begin making payments on their debt six months after graduation. Know all of your expenses and create a budget. Most important thing is to remember to save first, spend later.
Having Money Discussions Is Important in a Relationship
Key takeaways Younger generations are handling money differently than those before them. Gen Z and millennials are much more comfortable discussing money. Money is one of the biggest reasons for divorce. Talking about money before marriage is a good thing.
Do You Think You Can Go Without Medical Insurance?
Key takeaways People under about age 22 often spontaneously engage in highly dangerous activities without thinking about possible bad outcomes. They make decisions as if they’re immortal. That usually changes when you reach your late 20s and get into your 30s. You start to recognize that some of those things you did could have ended […]
It’s Spring and Time to Do Some Financial Cleaning
Key takeaways The old adage, “You reap what you sow,” is as true for those trying to get their financial houses in order as it is for farmers. Springtime is the season for thorough house cleaning and fresh starts. It’s also a great time for cleaning your financial house, which can give you a financial […]
3 Things People Waste Money On
Key takeaways In the wake of all their bills and obligations, younger people often find they lack the funds to do things they like and want to do. Kevin O’Leary, of Shark Tank and Wonderful, wrote about three things people waste money on: overpriced coffee, too many shoes, and too many pairs of jeans. He […]
The Importance of Establishing Credit
Key takeaways A recent study reports that millennials are extremely reluctant to take on any debt. By maintaining a debt-shy attitude, millennials are not establishing credit nor maintaining high credit scores. Establishing credit is very important and will allow you to get the best available interest rates on home loans, car loans, credit cards, and […]
Don’t Invest Too Much in the Next Big Thing
Key takeaways A recent study, conducted by the financial company Edelman’s, showed that 25% of affluent millennials were investing in Bitcoin. The pull of trends like Bitcoin is reminiscent of other trends that popped up in the past—trends that failed to pan out, causing people to lose a lot of their hard earned money. Bitcoin, […]
Advisors for Success Minded People
Key takeaways A catch-22 is a situation that keeps you from attaining your goals due to a set of inherently illogical rules or conditions. Younger, success-minded people need professional advice as they accumulate wealth over time. The majority of the professional advice available for success-minded individuals—at the beginning of their wealth building years—is either far […]
How to Fix the Leaky Money Faucet
Key takeaways Just like a leaky water faucet, a leaky money faucet can add up to thousands of lost dollars over time, if left unchecked. Use one of the many online services that track all of your expenditures. One day a week, such as every Friday, review each of your expenses to determine where the […]
You Don’t Have to Spend Money to Have Fun
Key takeaways Money spent every weekend on eating out and other entertainment can add up to five or ten thousand dollars over the course of a year. Spending money every, or almost every, weekend can make it harder to save money for a future goal like making a downpayment on a house. Entertainment and having […]