external links
How to have a successful financial life in college if your mother and your father are not able to support you or don't want to support you? It's not as hard as you would think at first. Of course it requires work from your part and planning but you must know that in the end it's you that's reaping the rewards. Check this nice article at brokegradstudent.com for a very nice article list that gets you to many different blogs with various ideas to inspire you and give you practical steps. http://www.brokegradstudent.com/50-tips-ideas-resources-on-saving-money-... Happy reading! |
|||
I just found this article on the Accumulating Money forum at the following address: and it discusses the top 10 reasons why people spend more than they earn. Please check it out, it may teach you a thing or two :) In my opinion the biggest reasons why people spend more than they earn is the excessive use of the credit cards, the general lack of financial education(which is the biggest reason) and the ignorance to check your situation every now and then to see how good or bad you are. According to one study, in US approx. 45% of the population spent more than they earned in 2007. That is a big number and certainly some companies make much money from this situation especially with the current recession and the possibility that many people will go bankrupt because they spend every paycheck and don't think about saving money. Do you have other reasons why people spend more than they earn? If you I want to hear from you, tell me your opinions :) |
|||
Did you know that if you smoke a pack of cigarettes per day at a price of $9 per pack and your age now is 30 by the time you reach 65 which is the age of retirement you could have $1,033,634.71 if you would invest that money in something that would get you a compounded interest of 10% per year? I know there's a lot to know and these numbers are not something you hear everday but still ... that's a lot of money! I repeat you don't spend a million dollars, you spend much less than that, and the exact sum is $113,400 but with the compounded interest(interest over interest year by year) your money goes up exponentially. I found this interesting smoking calculator on the following website: http://www.wheredoesallmymoneygo.com/smoking-a-pack-a-day-can-cost-you-m... and I just realized that this smoking habit is very unhealthy both for the body and for the wallet :) Pretty smokey math if you ask me :) |
|||
Over at FMF there is an interesting article about what we should learn our kids about money and finances and I must say this is a very good topic to think of. Our kids need to understand how the money works, and why does money exist and how to use it. Most importantly is to teach our kids how not to fall in the traps that money is associated with and those are greed, debt, crime, and others. The main and best idea which says much about money is the following one: Thanks FMF! You can find the article here: |
|||
As you saw this site is new and has a great mission but a really challenging one. The mission is both personal in terms of learning everything possible to become more knowledgeable about the financial aspects of the world and professional with this site. For the time being I must show you this link to a financial blogging carnival which I recommend checking out to find lots of high quality information: If you don't know what a blog carnival is you can find information here: Enjoy! |
|||
