When it comes to creating financial stability for later in life, the earlier you start the better off you should be. There are numerous money saving techniques that you should consider before you hit 30, if you want to have the comfortable retirement most people dream of. This includes going through your finances with a fine-toothed comb to figure out what can be cut out of your current…
Education is good. It is good in a different way and for different purposes than you might have thought. College is necessary. It is needed for the advancement of technology, humanity, and to make sure we live like humans. There is no better indicator of societal advancement than the level of education the masses receive. The conventional wisdom that investing in a college education is the best way…
Travel the World for Cheap as a Non-Tourist
by / ⠀Entrepreneurship• Personal Finance• Travel / October 7, 2013Whenever I do anything, I usually try to make it epic, especially with traveling. I am very fortunate to be under 30 years young and have been to over 30 countries. The type of business I have had for the past 2 years has financially supported my annual international trips and has allowed me to come back and start working it again. I came up with the idea…
Being a recent college graduate, or young person in the business world often means being buried in debt. Student loans, credit card bills, and medical bills can really add up. Unfortunately you can’t wave a magic wand and make all of your bills disappear, but by following these few simple steps, you can at least get your medical bills under control. Negotiate Everything Your first step to paying…
Financial Management: 7 Tips for a Newly Hired Worker
by / ⠀Entrepreneurship• Personal Finance / October 3, 2013Getting hired for a new job is really exciting and definitely a testament to your continued progress in life. But don’t let that success go to your head. There are some things everyone should do when hired for a new position. Here are a few of them. Set Up a Budget A new job means new income, and chances are that cash flow will be different from your…
If you’re so smart, why aren’t you rich? A lot of smart people ask themselves that question, especially as they struggle to keep up with the bills and worry about an inadequately funded retirement. In my work consulting with entrepreneurs, I commonly find that they spend so much time juggling the competing demands of their business that they take little time to analyze their personal saving, spending, and…
13 Ways to Fit Travel Into Your Summer Schedule
by / ⠀Entrepreneurship• Personal Finance• Travel / August 14, 2013Question: As an entrepreneur, how are you finding time/budget for travel this summer? (name one tip) 1. Make for a Happy Homecoming “This summer, I’ve gone to Denver, L.A., Nevada, Orlando and Montreal so far! The key is planning the week of your return in advance. Don’t take any meetings; instead, spend that first morning easing back into your flow. Catch up on your emails and assignments.…
The Biggest Finance Mistakes Young Professionals Make
by / ⠀Entrepreneurship• Personal Finance / August 11, 2013It is unfortunate that many young professionals do not worry about financial affairs. This is especially true for those in their 20s who feel that they are simply too young to dwell on financial decisions and planning. And then, when they are ready to get their finances in order, they often find themselves up to their ears in debt. However, there are ways to get beyond these problems…
After the graduation festivities come to an end, the weight of student debt often starts to set in. Thousands of dollars in loans loom over you and putting together a plan to manage debt feels impossible, which is why we’ve broken the process into five simple steps. Grab your laptop or smartphone, and let’s get started. 1. Look at the Big Picture Your first step to handling debt…
10 Ways to Start Investing in Your Own Retirement
by / ⠀Entrepreneurship• Personal Finance• Startup Advice / August 1, 2013Q. If you actively invest in your own retirement, what’s one tip you have for other young entrepreneurs to get started? The following answers are provided by the Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, the YEC recently launched #StartupLab, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses via live…