Do You Have a Will to Protect Your Family?
Key Takeaways A whopping 78% of millennials do not have a will or advance directives in place. Without these, your loved ones may run into legal issues if you become incapacitated or pass away. Think of a will as a love letter to your family, taking care of them after you’re gone.
The Impact of Millennials’ Spending and Saving
Key Takeaways The millennial generation is the largest part of the workforce in our country right now. As millennials age, the amounts they’re saving and spending are changing. These saving and spending changes are impacting our economy and will continue to do so for several years.
The Importance of Risk Management
Key Takeaways When you’re examining your finances, risk management is an important part of the big picture. We have insurance for a number of things in our lives, but might be overlooking some that could have devastating effects if you need them and don’t have them. Disability, health, and life insurance are key for peace […]
3 Things You Need to Do to Be Successful
Key takeaways Rational optimism is far different that the stereotypical optimism. Successful people have a reasonable tolerance of risk. Become a rational optimist to be successful in your endeavors.
Do You Enjoy What You Do?
Key takeaways Young people are working ten hours or more a day to get ahead. Working for the sake of work amounts to living life with a surface-only approach. People need meaning, value, and purpose in life. Take the time to find a job that feels more like play than work so you can enjoy […]
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.
Where Is Your Happiness Level Around Money?
Key takeaways Some people continually raise the bar on themselves when it comes to the amount of income they need in order to be happy. A recent study found that most people are happy at annual income levels of $80,000 to $100,000. For people making incomes above that level, yet who still aren’t happy, there […]
Your Money Timeline
Key Takeaways When it comes to investing money, the order in which you invest matters. Before investing in anything, make sure your emergency fund is set up and topped off. It’s important to know what your short, intermediate, and long-term goals are in order to know what assets you should invest in and when.
Hustling Your Passion
Key Takeaways A side hustle is passion driven, not money driven. A recent survey by GoDaddy found that 50% of Millennials have a side hustle and make an average of $268 a month at it. With so many ways to do things online now, it’s very easy to translate your passions in to cash.
The 50% Rule
Key Takeaways If you get a raise or your income increases for some reason, use the 50% Rule to take half of that increased income and save it or pay down debt. Many times when we have an increase in income, we spend it on things we don’t really need. That new increase in money […]