In my post entitled, The Greatest Lie Millenials Believe, I emphasized how important money is. I emphasize that it takes precedence when pursuing our goals. Life circumstances has also taught me that it is more important to manage funds wisely than it is to make a lot of money. For, if you make $56,000 per year, but spend $35,000 per year, you are much better off than someone who makes $500,000 per year, but spends $510,000 per year. Saving and managing funds wisely is key. Read More »
Tag: warren buffet
If It Don’t Make Money, It Don’t Make Cents: My Journey To Financial Freedom
The American education system has not done its due diligence in making sure students are savvy in all things concerning finances. In grade school, I do not remember taking a class on interest rates, credit cards, investment portfolios and other financial concepts. It is no wonder many millennial are in over their head in educational debt; many people purchase homes they cannot afford; and America’s debt amount is larger than any other nation’s. The reality is Americans are not the most frugal with money.
I am no different. In fact, circumstances have forced me to take a long, hard, look at the way I manage my finances and I must say things need to change. My educational debt needs to change. My credit card debt needs to change. My investment portfolio needs to change. My everyday habits need to change. But, most of all I need to change.Read More »
Scribbles & Tostitos 