Investing is one of the most important ways you can grow your wealth over time, but it can also seem intimidating to people who haven’t invested before or who have lower incomes. Investing can actually be very simple, especially since the best investment advice is “set it and forget it.
Any time I want to, I can see exactly how many calories I eat, how many I burn, how far I walk, how well I sleep, and how many flights of stairs I, uh… pass on the way to the elevator. So why am I in worse shape than I was before I bought the stupid thing?
And no, this is not an article about the cost of college compared to the salary you will make. Nor is it the one that compares the income of college graduates to high school graduates.
This piece is about the hard to define value of college that is worth its weight in gold.
I’m going to educate you on the cold hard facts about why planning to work into your late 60’s or 70’s will not work – and what you can do about it.
Do you know how much you’re giving away in interest over the duration of the loan, just for someone to manage your money for you? Once you see this, you won’t want to keep giving extra money to the bank.
So whether your home buying journey takes 12 weeks or 6 months, once you understand step-by-step how to plan properly, it demystifies the entire process and provides a clear road-map on how to become a homeowner!
People often say “not to sweat the small things” when trying to save money. That the $5 daily Starbucks will not make a dent in your savings and retirement outlook. However, these little expenses do add up and eventually can cause a big problem.
For me, what started out as an innocent looking scratch, turned into a $30,000, six night stay in the hospital.
With my history of settling for jobs to pay the bills, I had bought into a mindset that following your dreams was impossible. It didn’t happen all at once either. Because I am the type of person to fully commit to what I am doing, I slowly formed underlying beliefs that following my passions was a fool’s errand.
This incident reminded me that when it comes to a job, no one cares about your qualifications or dedication to the organization. There are rules and procedures to be adhered to, and if you step outside of those, your employer holds the power to end your livelihood in a matter of days—or less.
Here’s the problem… We all have limited time available to pursue these important aspects of life. We’re stretched thin trying to do it all. In order to truly be successful we have to 1) Make priorities and 2) Figure out how to manage them.
After doing some research on the housing market and what it actually takes to own a home, we started to realize that this might not be the best place for us to stash our cash.
As a fellow social justice warrior, I do love my career in the non-profit sector. Sure, I don’t make a lot but I love helping others. I believe it’s my life’s mission to help youth who have or have had similar circumstances that I did growing up. As corny as that sounds, it’s what I fully believed and still do to this day. I’m happy at my day job, and unlike so many others. I don’t actually hate Mondays.
How exactly are you supposed to quantify your worth in a way that’s useful – especially in negotiations?
Forget the numbers, forget the idea that you NEED more or NEED less for that matter. Step back and look at what’s important to you, TALK to your partner, and make a decision based on your values, goals and financial plan
Your dedication and thoughtfulness will pay off. You won’t be among the 47% of people who can’t handle a $400 emergency. And when the right spending opportunity comes along at the right time, you’ll be able to make a well-informed, guilt-free purchase that fits perfectly within your budget.