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

The Changing Face of Business School

Richard Lyons, University of California, Berkley’s Haas School of Business expects that one half of the business schools in the country will be out of business in ten years, though he says it could be as soon as five. Given this prediction, Robert Lytl, an education consultant for the Parthenon...

Work Smarter – Maximize Your Time and Money

If you’re like most of us, your schedule is pretty tight. You’ve likely got a job, friends, and family all bidding for your time. Maybe there’s a hobby or two in there as well. Your time is precious—Jason Hartman knows this better than anyone. If you’re also someone who works...

Make Your First Home an Investment Property

Many individuals think that investing in real estate is best left until later in life—a first or second home. While the life plan many think they’re set to follow goes something like college, job, rental, marriage, first home, kids, second home, investment property, there are other (more profitable) paths worth...

Don’t Make These Investing Mistakes

We’ve already written about the things young people fear when first investing. Now, we’re out to explore the major mistakes young investors make when they’re still new to the game. Jason Hartman’s Ten Commandments of Successful Investing advise educating yourself. Sometimes, the best way to avoid a mistake is to...

Invest While You’re Young (Don’t Let These Things Scare You)

While investments can seem like a big, scary deal, Jason Hartman is a prime example of successful investing at a young age. With a little bit of education, some money in the bank, and the right attitude, you too can begin building your wealth at any age. If you’re a...

How Real Estate Helps Retirement

Unfortunately, not everyone is able to save as much as they would have liked for retirement. It is a sad reality, but one that presents itself to many of us. While early investment in real estate is best (just ask Jason Hartman!) there’s no such thing as too late. Many...

What You Don’t Know About Purchasing a Property

If you’ve never purchased an income property, it can seem overwhelming. You’re ready to take that next big step to improve your wealth, but maybe you’re feeling hesitant. Jason Hartman’s Ten Commandments of Successful Investing will begin to put your mind at ease and are a great place to start,...

Earn Passive Income

We’d all like to get rich quick, but as real estate guru Jason Hartman knows, it isn’t that simple. Building wealth takes a lot of hard work, knowledge, and time. Fortunately, there are ways to passively build income once you’ve put in the time. With these simple strategies, you’ll be...

Archive