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According to a recent YoungMoney.com poll, 65% of respondents believe that all Americans deserve health care. 13% think we all should have health care but are queasy about the price of Obama’s overhaul plan. 52% are flat our in favor no matter what it costs. Think about that for a second, young adults. More than [...]
When it comes to increasing your money education, you’d be well advised to pay no attention to the clowns in Washington D.C., unless, of course, you learn by watching what not to do. The recent Obama stimulus package was so large it almost required the invention of a new number system. To be fair, it [...]
Being laid off from work can send a person into a panic at any age. Older workers (hopefully) have savings to fall back on. Younger ones who haven’t had a chance to accumulate much in the way of savings or investments might feel like they’re out on a limb and someone’s sawing at it. So [...]
Maybe you’ve been studying stocks for a while now but, as a young investor, find it difficult to pull the trigger and risk real money in the marketplace. Never fear, your friends at Young Wealth have an idea that might help. The trick is how to get a close approximation to live trading conditions without [...]
We’ve been hearing the economic and laid-off worker horror stories for a while now, and most of it is true, but what if you happen to be young money, one of those fortunate few twenty-somethings with a great job and nice income. You want to invest it somewhere besides that train wreck of a stock [...]
At the start of your working life, it may be hard to imagine where exactly you’re going to pry loose a few dollars to invest when you’re living paycheck to paycheck and barely paying all the bills. True, it’s not easy. Nobody promised that but clever money management skills can go a long ways towards finding extra cash to put to work building wealth for later.
The secret to finding money to invest in a tight budget? Learn to save first. Even if you make a modest salary, say $30,000 and live in an expensive city, you can develop the habit of saving by practice, practice, practice. It’s just like exercise. Get used to doing it and soon it will be second nature. Don’t start with the intention of putting back some crazy amount that equals half your income.
Listen in as Jason interviews Jon Swartz about successful teens.
When we say live without debt, we’re talking about the consumer kind. The sort of debt that makes you lie awake at night, staring at the ceiling and wondering if that $400 a month car payment was really worth it. You’re never going to build wealth that lasts if you’re hemorrhaging cash at the same [...]
At some point in this walk through life we begin to think about the impact our decisions have on the next generation, namely, our kids. If you happen to start a family early, it’s critical to teach the fundamentals of financial literacy from the start. In this culture of buy now and pay later or [...]
Is your junior or senior year in college a good time to begin investing? At Young Wealth, we’d say “Absolutely!” That assumes your bad debt is paid off first. Yes, we realize we’re beginning to sound like a broken record with this “Pay off your debt!” mantra. We don’t get paid for saying it but [...]
