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

An Artist’s Guide to Retirement

Part of being an artist is to learn to embody the image of “starving artist” it would seem. For many, health insurance, a plan for retirement, and plentiful savings accounts just aren’t in the picture. Sure, some strike it rich with a painting or book of teen fiction, but for...

What You Need to Know About Reverse Mortgages

A regular mortgage may sound like something difficult to understand. Throw in the reverse mortgage, and you may find yourself with a lot more questions than answers. But if you, like Jason Hartman, have a flare for real estate, it might be worth understanding. Basically, you give the bank a...

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...

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,...

YW 43 – Extreme Entrepreneurship with Sheena Lindahl

Jason Hartman is joined by President and Co-Founder of Empact, Sheena Lindahl, to talk about the growth of entrepreneurship in young people and Empact’s Extreme Entrepreneurship Tour, which supports and showcases entrepreneurs age 30 and under. Sheena talks about the misperception that most entrepreneurial...

Increase Return While Minimizing Risks

Investment can sometimes be risky. However, there are exceptions. When the right strategies are exercised, income property can be a reliable investment. It’s possible to increase return and minimize risk at the same time. Keep reading to learn how. Put Money in the Bank While many advise income property investors...

Earn Passive Income with Real Estate Rentals

Interested in earning income from the comfort of your own home? Then one of your goals should be to generate passive income. Passive income can be defined as regular income earned with little effort. Essentially, it’s possible to earn money around the clock, even while you sleep. All this can...

5 Tips to Start with Real Estate Investment

Being successful in real estate investing requires a carefully executed strategy. Lots of patience, skill, and luck will be your friend once you get started with this investment opportunity. 1. Invest in a Good Location One of the most important parts of real estate investment is to never underestimate how...

Is Property Management Worth It?

Looking into getting some real estate investment going and getting renters in the properties? If you are new to this arena then it would be wise to look at a reputable, and hopefully personally recommended, property management company to help you out. Starting something new is always difficult and having...

Residential Investing Also Includes Mobile Homes

While Young Wealth has been of the opinion for a long time that single family residential housing is the best investment around, hands down, don’t forget that the definition of single family housing also includes mobile homes. In fact, mobile homes might provide better cash flow, dollar for dollar, than...

Archive