How To Be Financially Stable In Your Twenties And Early Thirties
‘When life gives you lemons, make lemonade’, you’ve heard it, you’ve probably said it hundred of times. In its simplicity, this proverbial phrase is one of the best pieces of advice you would ever get in life. It reflects an attitude of fortitude, a philosophy of positive can-do attitude when faced with misfortune. The great... Continue Reading →
Among all the goals that my wife and I set every year, an end of the year savings amount is a major milestone. As I review the past several years of planning, I can give ourselves a score on our financial discipline and control. Truly, that number representing your cash worth on December 31st should... Continue Reading →
When we go from adolescents to adults, or from college to a working life, there comes a point when we naturally think about money more seriously. When you look around, whatever your financial situation may be, it could seem like most people are doing ok. After studying a bank portfolio of hundreds of consumers, I... Continue Reading →
I have been working in the finance industry for a while. I started in retail banking, working primarily with individual personal accounts and corporate accounts, then I transitioned into corporate finance on the analysis side. I have learned a lot in the process and here are two things I can guarantee: All companies have a... Continue Reading →
In my experience, making the effort and taking the time to plan and manage your money responsibly pays off. Too many millennials (and people in general) simply go with the flow when it comes to money management and they get painfully surprised when the unexpected happens or simply when they need the money. When you... Continue Reading →
For most of us, as some point in our lives, we start thinking about the future or a legacy. We start imagining what retirement could be like, what a life of true financial stability would mean. In parallel, we consider our current financial position and whether it will take us where we want to be.... Continue Reading →
Every business owner and every company are looking for ways to save money. No matter what business you’re running, the more you save on your bottom line, the better off you’ll be. However, after the day-to-day activities have been audited, it isn’t always easy to think of creative ways to save your business money. The... 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 →
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 →
Setting yourself up for a bright financial future really is a necessity and something we all have to work towards. The positive changes must start in your mindset and then transition into your financial habits that support the future you’d like to create for yourself. Below there are some suggestions that can help just about... Continue Reading →
***Guest Post I am a big supporter of budgeting tools. In the past, I've used spreadsheet and simple note style budgets but I have been slowly transitioning to mobile apps. The need for a personal budget is undeniable, whether you make $35,000 per year or $1,000,000. Unless you have a way to monitoring you money,... Continue Reading →
A lot of people think that by making more money, they will get into a better financial position. This could be true in some situations but it’s not always the case. Imagine that a young kid is having trouble improving his skills in the minor league. Assuming that more money leads to financial stability is... Continue Reading →
There was a time when I felt like I never had any money. As soon as I made it, it was gone. I was in college, I was working full time and I had bills to pay including my college tuition. It was easy. After a while, being in such a poor financial position takes... Continue Reading →
I understand what it’s like starting out in the working world. For a lot of graduates, first salaries are not very impressive. If you have a major that includes ‘studies’ in the title, you may struggle at first to get a job that allows you some flexibility with your purchases. What’s worse is that you... Continue Reading →
When it comes to money, it’s always good to know that you’re in control. No matter how much you earn or what kind of financial situation you’re in right now, you’ll always want to be sure that you’re making the right decisions to be confident and financially stable. But let’s be honest, it’s not just... Continue Reading →
This is a collaborative post and may contains affiliate links. Although we all still feel like kids most of the time, most of us millennials are well into our mid 20's and early 30's. When you’re settling into adult life (kinda), it can be a challenge to know how and where to save money. It’s... Continue Reading →
It was my third week as a novice employee at the bank. I had been hired as a relationship banker but due to company requirements, I had to start my training at the teller line. That is where I first became aware of the financial illiteracy of most consumers. Mr. Robert (for keeping this client... Continue Reading →
Initially published by Sheena Saydam of Saydam Properties Group. I had the privilege to be interviewed by Sheena Saydam, managing partner at Saydam Properties Group. The main focus of our discussion was the road to home ownership. The millennial generation is entering a phase of home ownership. Planning and budgeting are essential to having a... Continue Reading →
In an article published by the Harvard Business Review, Joseph Grenny tells that there is a strong correlation between high performing teams and accountability in the work environment. Navy seals hold themselves and their teams to the highest level of expectation by being accountable to the objective of their missions and to their values.... Continue Reading →
Money-Smart Millennials 