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 the consistency of the track at Daytona after a long day of racing. If you want to ever be taken seriously as a thinking human being, give up this habit. 2. Drop the pop: We talked about this one already. Daily liquid sugar overdoses are about as good for your immune system as smoking is for your lungs. Have you noticed how expensive pop drinks are at your favorite fast food franchise? 3. Lattes: This fancy caffeine injections costs about $4. Is this a good business decision for the young wealth builder? We say no. 4. Turn off electronics: Ignore the computer geeks. It saves noticeable money to switch off the gadgets before going to bed or when you’re gone. Opt for energy star models when you can. 5. Television: Do you really watch all those extra channels in the nose bleed subscription and, if so, should you? Go with the basic package or, better yet, none at all. Crack a book and find some real entertainment. Seriously, you won’t die if the television is off. That’s probably about all the budget busting a person can be expected to handle in one sitting but we’re not done yet. Come back tomorrow, if you dare, for five more habits that are killing your budget. The Young Wealth Team

Image Here

Inflation as a Friend

Everyone has probably heard about inflation and is worried that with the current financial crisis, it will go rampant. This is a scary thought and definitely no laughing matter but, as Jason Hartman has pointed out, inflation can also be our friend. Those who were not battered by the mortgage...

Emerging Investment Markets: South Africa, Brazil, and Mexico

If you are an amateur investor, you may think that the only place to invest is in the US stock market. More experienced investors might know of other exchanges, such as the European and Canadian exchanges. However, the emerging investment markets are often overlooked and can really be a diamond...

YW 40 – Afformations with Noah St. John

Jason Hartman is joined by productivity expert and best-selling author, Noah St. John, to talk about the difference between affirmations and afformations, and why affirmations often don’t produce the results we desire. Noah describes filling the brain with affirmations, such as “I am rich,” as trying to crowbar beliefs into...

Young Investors Should Get Ready for Asset Shortage

As an investor, asset shortage is a good thing, especially those who already have a nice chunk of the asset in question residing in your portfolio. What causes a shortage in the first place? Generally speaking, it exists when there is a limited supply of something and demand for it...

Understanding Inflation is the Key to Creating Wealth

Inflation has been with us so long that it rarely generates serious press any more. Everyone just assumes it’s always been here and it always will be. Nothing we can do to change it. Keep a stiff upper lip and forge onward. But to the young investor willing to buck...

Wall Street Investing Ain't What it Used to Be

Here’s a critical investing lesson you would be wise to learn now, while you’re young. Are you paying attention? Here goes: Wall Street REALLY ain’t what it used to be. The go-to choice for investing in your father and grandfather’s day has undergone a succession of seismic cultural and economic...

Archive