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

Finding a Balance: Personal Finance and Marriage

As we’ve been told time and again, money is one of the biggest stressors we face as individuals. Combine this with the pressure of marriage, and we’re looking at one of the leading causes of divorce in the United States. It makes sense—two individuals who have previously led separate financial...

How to Make Your Business Blog Successful

Whether your business is investment, like Jason Hartman’s, or something else, you’ve probably noticed that things are happening online. Maybe your business is run over the Internet and on a computer, maybe not. Still, your presence online is certainly expected. A great way to make your business known is by...

How You’re Accidentally Building Debt

The Jason Hartman team talks a lot about ways we’re able to build wealth, but (especially as we approach the holiday season) financial hardships are on our minds. Unfortunately, many people are also accruing debt in ways they’re not even aware of. Even if you’re financially savvy and cautious, there...

Online Auctions and the Housing Market

As you begin to explore your investment opportunities, it is important, as Jason Hartman recommends, to fully investigate your options. In light of the rapid change the housing market has experienced, it is no wonder that it too has gone online. Though real estate auctions vary somewhat, there are a...

Creating More Hours in the Day

In the classic 1991 film Hook, Captain James Hook fears the ticking of the clock. He’s by then killed the crocodile, which sits as a clock tower (perhaps a bizarre taxidermy) in the center of his settlement. Still, the constant tick-tock haunts him. In a museum where clocks are destroyed,...

3 Ways to Work from Home

Recently, there’s been a fair amount of discussion regarding the career expectations of the millennial generation—they want it all, and perhaps worse yet, been told they can have it. But high expectations for your career are important to your overall satisfaction in life. By seeking a career that utilizes your...

How to Get Your First Income Property Loan

To a young investor, snagging that first loan for an investment property is a big deal. Maybe even a big, SCARY deal. Jason Hartman reminds that the best thing you can do to improve your chances (besides having a sky-high credit score) is to understand exactly what lenders are looking...

Save Money for a Emergency Fund Now

As you begin developing wealth, you know there is nothing as important as having a fall back plan—an emergency fund meant to cover you should something unexpected happen. But, as any young investor knows, even Jason Hartman early in his career, it is sometimes difficult to meet basic expenses, let...

Archive