Archive for January, 2010

Entering the work force after college is a great time to develop good budgetary habits. In the beginning, you may not be able to control how much you earn but you sure as heck can get a grip on how much you spend. The following items are a sequel to the recent list of ways [...]

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The Young Wealth Team on January - 27 - 2010
categories: Blog Articles

Is Bill Gates financially successful? Uh, yeah Captain Obvious, most people would give an unqualified “Yes!” answer to that statement. But do you have to have access to billions of dollars to qualify as financially successful? Maybe. The truth is every person is going to have to answer that question for themselves. To some, only [...]

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The Young Wealth Team on January - 27 - 2010
categories: Blog Articles

We recently discussed the large bite that dining out can take from your budget but it doesn’t stop there. Oh no, not even close. Take a look at the following budget busters and think about changing them too. 1. Smoking: Coffin nails cost the serious smoker about $1,600 yearly. Not to mention turning your lungs [...]

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The Young Wealth Team on January - 26 - 2010
categories: Blog Articles

Maybe you think the idea of leverage, when it comes to investing, is sort of boring and the kind of thing only old guys in suits worry about. We’re here to tell you, if you ever want to be rich beyond your wildest dreams of avarice, you better understand leverage. In case you have Attention [...]

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The Young Wealth Team on January - 26 - 2010
categories: Blog Articles

Are you dining out as much as you used to? New workers still in the process of trudging up the pay scale may find there’s simply not enough money in the paycheck to grab a sit down meal at their favorite restaurant as often as they used to. It’s no crime. Just reality. Cheap comfort [...]

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The Young Wealth Team on January - 25 - 2010
categories: Blog Articles

Now we get to the good part. Here’s what you can control about your financial success. Believe us, when used correctly, the information here is way stronger than the stuff you can’t control. Here’s a quick rundown. 1. Interest – Surprise! We included this in both sections. While you can’t control the interest rate, you [...]

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The Young Wealth Team on January - 25 - 2010
categories: Blog Articles

You are a statistic to the auto insurance companies. They don’t care that you can salsa better than anyone on your block, or how many old ladies you helped across the street. The entirety of your life experience will be reduced to statistics that will determine how much you pay for car insurance. You are [...]

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The Young Wealth Team on January - 22 - 2010
categories: Blog Articles

Sorry, but, in case no one ever told you, there are some things related to your eventual financial success you cannot control. At least until you get yourself elected Galactic President for life. Even then, you might have trouble controlling the following factors. Some things are simply too amorphous to yield to dictatorial whims. But [...]

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The Young Wealth Team on January - 22 - 2010
categories: Blog Articles

We recently looked at the process of foreclosure from the perspective of the homeowner and the lender. Neither are thrilled to be going through this process. The homeowner is losing a place to live and probably will take a huge hit on his credit. The lender will likely take a loss on the property after [...]

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The Young Wealth Team on January - 21 - 2010
categories: Blog Articles

Hopefully, none of our readers have found themselves on the homeowner side of a foreclosure. While foreclosures can be an incredible investment opportunity (which we’ll talk about soon), let’s take a moment to review exactly how the process of foreclosure works for the bank and homeowner. Step 1: After three to six months of missed [...]

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The Young Wealth Team on January - 20 - 2010
categories: Blog Articles