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

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...

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...

The 4 Pillars of Income Property ROI

ROI can be defined as Return on Investment, which with income property investment, is a multidimensional asset class. This means there are four primary pillars we'll need to examine in order to determine our ROI in respect to income property. Return on Inflation Jason Hartman has a second definition for...

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...

Archive