March 2010
1 post
This book got me thinking...
I’m reading a book that got me thinking and I needed to share.
The book is about making yourself invaluable to your company. Here are some questions I have for you. What makes you invaluable to your company? Are you just fulfilling what it says in the job description or do you bring some intangibles to your job that make you a key player?
I’m challenging myself to see what I can...
February 2010
2 posts
Think of yourself as a business owner
When it comes to personal finance, you need to think of yourself as a business owner. Obviously the goal in business is to make as much money as possible (most of the time anyway). In regards to personal finance, the goal should be the same. Here are a couple things to think about when running a business or your finances.
1. Know when to invest
Sometimes you have to spend money to make money....
The worst financial advice I have ever heard
I once heard someone say “I have some money to invest, but I am not sure what I should put it in”. Then, some dumbshit said the stupidest financial advice I had ever heard.
“You should just put it in a savings accounts because the stock market sucks and you won’t have to worry about losing it in your savings account.”
Maybe if this person needed this money again in...
January 2010
8 posts
The easiest way to invest
In the past 5-10 years, financial institutions started to realize that many people have money to invest, yet they have no idea where they need to put their money. In order to help these people get into investing, they created a thing called target date mutual funds (or life cycle funds).
Target date mutual funds are the absolute easiest way to invest your money in a smart and responsible way....
Saving Money vs. Getting in Shape
When it comes to New Year’s resolutions, there are usually two that tend to be extremely common.
1. Lose Weight/Get in shape (FYI, round is a shape)
2. Save more money/payoff debt.
This year, I have resolutions that involve both physical and financial fitness. Even though it is only 18 days into the new year, I can definitely tell you that financial fitness is easier to achieve and here...
5 crappy excuses for not saving money
People love to come up with excuses for not doing things. Excuses are our brain’s way of justifying our laziness and unwillingness to make change. The problem with excuses, is that 99% of the time they are used when you aren’t accomplishing what you should be accomplishing. Here is a list of 5 of the most common excuses people use for being terrible with their money.
1. I want to...
5 ways to waste your money
There are a lot of different things that young professionals waste their money on. Here is a list of the top 5.
1. Subscriptions: Automating your savings is one of the best things you can do to help you save more money. Unfortunately, businesses know this as well. This is why they try to get you to automate your SPENDING with subscriptions. You should take a look back at the subscriptions you...
Use Glassdoor.com to negotiate better pay
Asking for a raise and negotiating for more money when accepting a new position are the easiest ways to make more money with very little effort. However, when you do this, it is often tough to find out how much you should ask for.
There are a lot of sites out there that give you expected salary ranges for your position and location. The problem is that most of these sites suck. A Product Manager...
Time is on your side
When someone is questioned about saving money, they often say “I know I need to save money. I’ll get around to setting up an investment account some day”.
If you actually have money to set aside and you say crap like this then you are f’n stupid. Ok, ok, that was harsh, but seriously, go setup an investment account now. It could be your 401k, a Roth IRA, high yield...
Hide your money from yourself
OK, this title is a bit over the top, but there is a point I am trying to make. For most people, you get paid every two weeks. What happens when you get that money? Usually it gets put into your checking account and over the next two weeks or so you end up spending that money on rent, Miley Cyrus CD’s, and going out with your buddies. At the end of those two weeks you probably don’t...
About
About me
I’m 26 years old college graduate with a degree in Business Management from the University of Nebraska at Omaha
I work for a professional networking website
I am extremely passionate about personal finance
About the site
The goal of this site is to educate young professionals in all aspects of personal finance. I will be talking about a wide range of topics including: how...