How To Be Financially Stable In Your Twenties And Early Thirties
On December 31, 2018, Forbes.com published an article on the topic of New Year’s Resolutions. At the same time, people all over the world were setting goals, expectations and resolutions for 2019. It is now February 11 and we are 42 days into the new year. According to that article, less than 25% of people... Continue Reading →
My goal through Money-Smart Millennials is to make you an expert at managing your money . This includes budgeting, managing your income and expenses, being more aware of your cash flow and organizing your debt to pay it off. Other components of money management are investments and savings. You need to think about interest, and... Continue Reading →
Independence and autonomy are a crucial part of younger millennials’ lives, and the critical tool that they need to achieve this is usually their own car. However, when you are still in your late teens and even early twenties for some, vehicles are a costly expense and can be a massive drain on the finances... Continue Reading →
There was a time when the American dream used to revolve around owning a piece of property and for those who could make it, gold mining efforts. With time, the American dream has changed, but it remained a combination of freedom, wealth and social standing. The Millennial and Gen Z dream is the latest evolution,... Continue Reading →
Provided the area that you live in, house prices can be very high and saving for a home can be harder. The cute articles flowing on the web about how you can easily save for a house if you just cut out a few frivolous expenses like your morning coffee are simply unrealistic for most... Continue Reading →
Should you have one savings goal at a time? Or is it smart to work toward several goals at once, and perhaps even have multiple savings accounts? The answer might depend on what your goals are and what your financial circumstances are, but it's worth considering the merit of having several savings avenues at the... Continue Reading →
Financial stability can never be achieved without savings. It is a nonnegotiable. Even when it’s not already a habit, most of us get to a point in our lives where we need to save money. It could be something as simple as establishing a rainy-day fund for emergencies such as a broken pipe, a mechanical... Continue Reading →
When you have achieved a certain level of financial stability or a relatively high income, it is possible to manage your finances without a set budget, and to live relatively well as long as you are responsible with spending. But just like anything, putting in more effort to achieve the best results is always worth... Continue Reading →
Happy New Year to you my money-smart friend. Can you believe it? Just like that 2018 is gone and for those who worked this week, we're all back in the routine and 2019 is just normal now. Many of you have set goals and resolutions. Congratulations. I know that with the hustle and bustle, it... Continue Reading →
Purchasing your first home is a life-changing decision for many reasons, including the financial impact it may have on your day to day life and of course, the change of environment. When the time comes to move out of the apartment, to ditch the roommates or to leave mom and dad’s home, you may be... Continue Reading →
I have observe that besides speaking to a financial advisor or planner, a banker and maybe parents, most people never have educative conversation about money. Unfortunately, many basic concepts are left unknown and unpracticed, consequently leading to financial instability. Money is an important part of all our lives. As such, it is important to get... Continue Reading →
It’s that time of the year when car commercials make you feel like you’re driving an antique. You might be tempted to make that move and get yourself a new beautiful vehicle. A financial sound decision consists of reassessing your thoughts and decide whether it is necessary. Nonetheless, for some people, the time has come... Continue Reading →
As I talked to millennials and even older or mature professionals, I realized that there are practices and habits that people have which may keep them from getting a job during and after an interview. We’ve reviewed some of the mistakes applicants make before and during the interview in the previous article. The post interview... Continue Reading →
If you live in North America and particularly in the US, you know what a credit score is. It is that number determined by a set of institution that indicates your credit worthiness. Whether it is a good or a bad one, that a number on a computer determines your financial eligibility to borrow. For... Continue Reading →
If you ask your parents about financial stability, they most likely achieved it with the job they worked for several years, in many cases, decenniums. There was a time when a job allowed you to live comfortably and save and plan for retirement. In many households, only one decent income was sufficient. Times have changed.... Continue Reading →
According to AARP, the number of entrepreneurs and self-employed individuals in the US could Taking triple by 2020. A large proportion of this community will be millennials. As you are reading this article, you have probably thought about self-employment as an option for your career. Taking the leap from employee to freelancer is equally scary... Continue Reading →
Just a few years ago, I was a twenty-year-old kid who desperately wanted a car. I was working a couple miles from home and walking or taking the bus in 100-degree weather or in deep snow. Getting my first car wasn’t as easy or simple as I expected. Not having anyone to cosign a loan... Continue Reading →
Attaining true financial stability is something everybody should aim for in order to achieve long term peace of mind and security in regards to money. However, most people don’t even consider that this could be possible for them, much less try to achieve it. They have fallen into the pattern of going to work, swapping... Continue Reading →
Buying your first home is and should be an exciting time of your life. The saving up and the research into what kind of property you want is finally about to pay off now that you’re ready to make the purchase. The excitement is uncontainable but it is still a very important financial move in... Continue Reading →
There are many different techniques for those who are wondering how to grow a small business, however, for most owners, it starts with the basics: finances. After all, if you do not manage your finances efficiently, the road to success might be endangered with more huddles than needed. With that being said, below we are... Continue Reading →
Money-Smart Millennials 