Roadmap.pdf (application/pdf Object) How I won $100,000+ in college scholarships. A few weeks ago, a friend of mine asked for advice on getting scholarships for college, so I wrote her an email with my thoughts. But then I realized that this advice is applicable to almost anything entrepreneurial. Getting scholarships involves being proactive, being persistent, building an infrastructure to scale and do more than most ordinary people, and then still being uncertain about whether you’ll get rewarded or not.
Below, then, is my original email answer — with a twist. I went through my entire archives on personal entrepreneurship (80+ articles!) And linked to the best articles to illustrate each point. Original email: When you get a chance, will you scribble down a few resources Angela can start looking into for college scholarship opportunities? My response (plus links): Sure.First, just something I noticed: A lot of people hope they get “a scholarship” for college. As I wrote here, it’s crazy the way people think about scholarships. Curious about my specific techniques? 10 Financial Commandments for Your 20s - Pimp Your Finances.
If you haven’t checked it out, Kiplinger has a great section for young adults called “Starting Out”. They recently featured a list of 10 Financial Commandments for Your 20s . Being 27 years old, I have experience in this area. I want to share their list, and also some insights about how well I’ve followed their instructions. 1. Plan Ahead You need to have plans and goals that account for the short term (less than 5 years), medium term (5-10 years), and long term (20+ years). I didn’t do this, but wish I would have. If I had a bigger down payment for my house, I could have gotten a better rate on the mortgage. 2. Another one I ignored at my own expense. The best time to get ahead is our early years…you don’t want to be burdened with debt from the beginning. 3. A swing and a miss! 4. Credit cards are expensive. 5. The beauty of investing is compound interest. The article gives an example of a 25 year old who invests $200 a month, and earns an 8% return on it. 6. 7. 8. 9. 10.
College students and loans they can not pay. Bob Morris Posted on Fri Dec 31, 2010 5:32 am . Tags: student debt, student loans Now our economy is facing the biggest student loan debt bubble in the history of the world, and when our new college graduates enter the “real world” they are finding out that the good jobs they were promised are very few and far between.
Then they discover they are tens of thousands of dollars in debt with loans that can not be discharged even by bankruptcy. This basically is been a sleazy hustle like subprime mortgages. * Are You Financially Healthy? The 5 Stages. Last night, I was pondering the subject of cash flow (essentially how money flow through our hands) and about financial well being. I played around with various visualizations that consist of income, expenses, debt, and assets. What I came up with was the 5 stages of financial health below. I believe that all of us go through these stages at one point in time, although some may never fall into “the debt spiral” or achieve “financial freedom”. Below are the description of each stage and some suggestions on how to improve your finances if you fall into that particular category. Stage 1 – The Debt Spiral Description You are earning less than you spend, forcing you to rely on payday loans and credit cards to make ends meet.
What Can You Do This is a dangerous stage to be in, and there are basically two things you can do: Fight it by reducing your expenses to the bare bone and increasing your income. Personally, I hope that you’ll pursue option #1 and work yourself toward Stage 2. Description. 5 Little-Known Websites That Will Save You Time and Money When Booking Airfare Online. This article is by staff writer Adam Baker. Baker recently reflected on just how much money affects our internal values. When booking airfare online, most people think of the popular online aggregation sites.
You know the ones: They have the fancy commercials, catchy jingles, and washed-up celebrity pitchmen. While those sites aren’t inherently bad, there are a few well-documented problems with relying solely on these larger engines: Many of the aggregation sites neglect to include smaller, budget carriers.Larger airline companies may temporarily exclude or intentionally block these aggregation sites from fares.Short-term specials or incentive sales aren’t usually aggregated either. Obviously, there isn’t just one website capable of giving you the best deal every time. Many larger carriers make a significant amount of money off of the loyalty factor — meaning those individuals and companies who choose to fly the same airline every time for whatever reason. Tyler Durden’s Guide To Personal Finance. I am Baker’s raging excitement… I think I’m going to enjoy writing this much more than you enjoy reading it.
For those of you who aren’t familiar with Tyler Durden, he is an essential character in Fight Club, which is both a novel and movie. While the novel came a few years before, the movie escalated into a cult classic in the years following its DVD release. If you aren’t familiar with the character, well… we should probably part ways here. For those that are still with me, let’s get some things out of the way. We aren’t going to be talking about masculinity, violence, mental disorders, religion, or even politics. These themes run rampant through the movie and have been discussed in great length and detail by individuals much smarter and more witty than me. Instead, we are going to have fun. Here are Tyler’s thought on a wide variety of personal finance themes: On the pursuits of material possessions… “The things you own end up owning you.” Let’s start the party off right. Dave Ramsey Homepage. Personal Budget and Understanding Budgeting.
Money Management. Cornell, MoneyNing’s advice is in general good. However, a good place to go to see if you should change your W-4 allowances is the IRS website, There, you can locate the instructions for both the W-4 form and the important Estimated Taxes (1040-ES) form. The latter is like a would-be mini-tax form for the current year (2009). As MoneyNing wrote, you should ideally target a small amount of tax owed or due (i.e. refund) for the tax year when you files your tax return next April. I always targeted owing some, but not a lot of money in April. Some other points for you to consider: (1) You may have some sources of income which had zero withholding. . (2) If you now have to pay your own health insurance premiums (i.e. your H.I. coverage was from her plan), those are at least partially tax deductible.
. (3) It is possible to have a different number of withholding exemptions for state tax purposes than for federal purposes. Reply. 38 random thoughts on building prosperity | brip blap. 30 Financial Moves Before 30– Ideas Worth Trying. January 13, 2011, 6:00 amby:MD Category:Miscellaneous I started reading the Art of Non-Conformity the other day and the idea of the life list/bucket list got me thinking again. I started thinking about my bucket list for what I want to accomplish before I turn 30 (in 7 years). Then I started to get more specific. I started thinking about what I want to accomplish financially before 30. Then I realized that my mind was all over the place. Since every financial bucket list is unique to your own situation, I decided to outline 30 financial moves that might be of interest to your unique financial situation before you turn 30. 1. Keep a buffer in a savings account because you never know when a rainy day will hit you out of nowhere. 2.
You can debate good debt vs bad debt, but at the end of the day you should try to kill off your credit card debt before you turn 30. 3. The sooner you start planning for your retirement, the sooner you have compound interest working on your side. 4. 5. 6. 7. 8. 9. 102 Personal Finance Tips Your Professor Never Taught You. If you're anything like me, you graduated from college and perhaps even took a finance class or accounting class here or there, but you didn't learn anything about managing your personal finances. In fact, there probably wasn't even an opportunity to take any such class in either high school or college.
But if college is partly about training us for a job, shouldn't we learn what to do with the money we earn from a job? Especially in a country where 45% of college students are in credit card debt and 40% of all Americans say they live beyond their means, I think it's time to wise up to some of the challenges of money management. A few (say, 102) simple financial tips can help get your money life (back) on the right track. The Painfully Obvious But Rarely Followed Tips Pay yourself first. Career and Education Get educated. Credit and Loans Get a rewards card. Frugality Buy a used car. Homeowning Upgrade your old bathrooms and kitchens. Insurance Insure yourself against financial ruin. Saving. Give Me Back My Five Bucks. Debt Free Adventure – Pay off debt. Save. Give. Live your mission. Wise Bread | Personal Finance and Frugal Living Forums. Personal Finance Tips for Recent Grads.