I am a millennial. A millennial that had real debt, real bills, and had to find real solutions. The news will tell you how illiterate we are with money. We’re lazy, can’t buy a house, can’t buy a car, can’t get a job, are saddled with debt, we can’t do a heck of a lot right…but we love avocado toast?
I am here to tell you that you can prove your parents wrong. You can rise above and have the best house on the block, running circles around your neighbors on financial literacy, and having the sense of financial security that everybody is searching for.
If you can’t see where this is going already, my goal here — to be blunt — is to teach others how to be smarter with money by sharing my thoughts on finance, business, and investment. To change your mindset and to be different!
I want to help expand your horizons by going through all the in’s and out’s of the financial lingo — 401k’s? ETF’s? P/E Ratio’s? CD Ladders? APR? Good Debt, Bad Debt? Financial independence? What do these really mean?
I want to spark that flame in your mind, I want to give you that hunger for knowledge today to make sure your future self — 5, 10, 20, 30 years down the line — is left self smiling back at you.
Someone’s sitting in the shade today because someone planted a tree a long time ago.— Warren Buffett
Since earning my first paycheck at eight bucks an hour from a part-time job washing dishes, I’ve been absorbed with expanding my understanding of business and investment. How can I make my money go further? How can I make it work harder for me? How can I grow my income potential?
The first step to any of the above is education.
Education is thrown at you from day one in the form of abc’s and 123’s, but something that is rarely taught to you throughout your K-12 journey is how to handle money and finances.
Your teachers always told you if you want a good job you need to go to college, but they never told you how to pay for it. They never told you how to handle the potentially crushing debt that a college degree may bring. Fixed interest rates? Variable Interest Rates? Does your degree of choice hold any value at all to an employer? How does the Federal Reserve’s fund rate affect you?
Your teachers never told you how to file your taxes, they never told you how a mortgage works, and you never heard about a credit score, but you learned about Shakespeare and how to calculate the sides of a triangle. When it came to how income tax works or how to invest in the stock market (along with various other financials) you were on your own.
Your parents probably didn’t teach you any of the above either, but don’t blame them for your average $36,000 of student loan debt. No one taught them either.
Follow along with me on this journey to becoming financially savvy. This site won’t be about getting rich quick or getting advice from a well-off millennial whose parents paid for their college, rent, cell phone bill, and car payment. This blog will be from a millennial who started off with real bills, negative net worth, working 6-7 days a week while going to school, who has a hunger for knowledge and success. Hopefully, together, we can change the image of our generation.
So what are your thoughts? We would love to hear from you! Leave a comment below or send us an email via our Contact Page.
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