Generation Y is known for a multitude of things, the biggest being their aptitude for technology and software. With the Apple and Microsoft’s of the world, it’s not surprising that Generation Y has excelled at using the latest and greatest gadgets. Here are some tips for Generation Y when it comes to banking!
Chances are you were raised to believe you should go to work from 9-5 your entire life and that was it. You probably were taught that you should focus on your career and nothing more. What if I told you that you are missing out on opportunity after opportunity to make additional income outside of your typical career path?
Do you hate headaches? Well, you will probably get one if you inherit a traditional IRA. Why you ask? Well, the United States government has decided to create what I call the “labyrinth” of tax code for inherited IRAs.
It was only five short years ago that I was on the football field, under the bright lights. I can still remember the fans cheering and coaches play calling. The sound of Gatorade being sucked down, the sound of cleats on the turf, smashing of pads, it’s still very vivid in my head. I will miss playing football. I miss it so much I still have dreams about it.
What does common sense tell you about co-signing a loan? For me and for most people, co-signing a loan goes against good judgement. It’s not only dangerous but it can ruin your finances and friendships as well.
Watching wedding expenses add up can be frustrating, particularly if you are on a budget in the first place (like me!). Many couples are accruing huge amounts of debt to put on an enormous wedding, charging the maximum on credit cards and even taking out loans to pay for the occasion. This does not have to happen, though.
For people who haven’t got a clue about how to finance debt and make investments, Indiana Jones may be able to help. What does an adventure hero have to do with your finances? The answer is simple. You can take a lesson from how he gets in and out of trouble and apply it to your attitude towards money.
It happens to us all. We hear a rumor about a get rich quick scheme. Or we stumble into a guy on the street corner trying to sell us a business opportunity that ends up being a multi-level marketing scheme. The media and people around us are constantly bombarding us with financial fantasies that don’t exist.
How many times have you wanted to say “No” to a purchase, but later caved and spent the money? Oh, how this sounds so familiar! I think we all attempt to say no, but our flesh ends up winning and we buy something that we never needed. Unfortunately, to have long term financial success, you need to start saying no more often.
Personally, I can’t stand the conglomerate banks. The corporate feel, lack of down to earth service, hidden fees, and the insane lines on the weekends. Alternative? Credit unions! I love the small town feel of a credit union. I like knowing I’m not only a member but an owner. It’s encouraging to know that all the profits go straight back to the account holders.
Retailers depend upon shoppers that purchase items based upon impulse and emotion. Impulse purchases are considered “consumer choices by instinct.” We must fight forces that may lead us to make decisions not based upon logic. Shoppers that make informed purchases are more likely to keep the item, but they are less likely to spend on […]
Summertime is in full swing and many people are going on vacation. For those staying inside the States, paying for expenses is relatively easy, as every store accepts US currency, debit cards, and credit cards. But what about foreign travel?
There has been a war raging since the beginning of the investment world. This war is between an outspoken powerhouse and an underdog. I’m speaking of the war between active and passive investment strategies. I’m here to tell you that passive investing is the better way to go.
I look back on my days as a grocery bag boy and a grin comes to my face. This grin has mixed emotion. Working at a grocery store was one of those jobs where you did it because it was the only thing you could think of at the time. I remember I was 16 and tired of being broke. I was sick of asking my parents for money every week. I wanted MORE. So, this lead me to walking down to the nearest grocery store and getting a job as a bag boy. Yes, you heard me, a bag boy . . .