Looking for a heavy dose of personal finance this morning? Well search no further. Here are the top five personal finance reads from this past week.
Is There a Link Between Debt and Wanting to Earn More?
– by Frugal Rules – If people are in debt and want to get out, are they more interested in earning more than someone with no debt? I say ABSOLUTELY! When I was in debt, I was searching heavily for the next money-making venture. Now that I’m out, the passion is harder to find. I still want to earn more, but without a looming debt the same amount of pressure just isn’t there. Take a look at this post and let me know your opinion!
– by Business Insider – Basically, rich people are responsible. That’s it. They create budgets, they audit their own expenses, they rarely buy pricey brand new items, and when they accumulate money they don’t feel the need to spend it. Read this article, be responsible, and cool your jets on spending. Boom, you’re wealthy!
How You Should and Shouldn’t Spend Your Money in Your 20’s
– by Business Insider – When you’re in your 20’s, you think you’ve got your whole life to worry about gaining wealth and retiring, but what you do in your 20’s will actually make or break you when you get older. My advice to every 22 year old coming out of college would be to get out of debt, don’t buy a stupid brand new car, and start putting your money into an investment of some sort. It’s simple advice, but it will make all the difference in the world 40 years from now.
Celebrating 2 Years of Early Retirement
– by Root of Good – Justin retired two years ago and doesn’t regret it one bit. He’s been traveling, working when he wants to, and is still laughing at Corporate America. I have to admit that I still toss around the idea of an early retirement, and looking at Justin’s daily schedule makes me a bit jealous. Maybe it’s time to sharpen my goals and start driving forward again. Do you have plans to retire early?
8 Telltale Signs You Picked the Right Career
– by Len Penzo – After reading through the 8 signs, I believe that I absolutely chose the right career. For the first 3 years of college, I was convinced that I wanted to be an engineer. After my first internship, I had severe reservations. I didn’t love the work, I didn’t relate well to the shop-floor workers, and the chances of moving into the higher ranks of the company were slim. I made the decision to switch to finance and I’m so glad I did! What about your career? Are you where you want to be?
Hope you enjoyed these reads! Let me know what struck you in the comments below!
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.