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

Here’s How a Commercial Deal Is Different

As investments, residential and commercial properties have a few things in common, but that’s where the similarities stop. Many residential investors long for the day they become a big enough “player” to step up into the commercial game. We don’t blame anyone for having big dreams, just keep in mind...

Real Estate Con Games – Don’t Bite

People who have been scammed by a real estate con man look back and wonder, “How could I be so stupid?” Don’t be so hard on yourself. It’s not a matter of intelligence, necessarily, but these people know how to push the buttons that incite you to make bad decisions...

Low Income Housing Could Mean High Profits

Get ‘em young, says Jason Hartman. In this case he’s referring to educating young income property investors about the Section 8 housing program before conventional wisdom scares them away. While some landlords fear venturing into this segment of the real estate industry due to a perceived increase in risk of...

Do You Need Money to Make Money?

One of the most common myths that Jason Hartman’s team deals with is the idea that investments are only for the rich. Fortunately, that isn’t true! While you’ll need at least a little bit of money, you certainly don’t need to be swimming in it to make great investments and...

Buying Real Estate in a Fast-Paced Market

If you’re investing in your first or fifth income property, there are probably a few things left to learn. Often, you’re going to need to act fast (good deals don’t last forever) because demand is high and supply is low. In these instances, we’re here to provide some inside information...

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...

The Psychology of Spending

Imagine this—you’re at the end of a particularly long work week, and you’ve just been told that you’re required to take a mandatory furlough, and it’s got to happen next week. At lunch, you had a tooth fall out when you bit into an apple that you suspect had gone...

Age of the Landlord

In the past few months, the housing market has seen a number of reports indicating a shift from single-family homes to a rental-based market, which essentially shows that investors are more often leaning toward multi-family real estate investments. Interestingly, younger Americans are also becoming part of the multi-family market after...

Archive