What do you do when the CEO of your company pulls you aside and says “You’re not getting paid enough, we want to give you a raise, how much do you want?” Holy shit balls! Is this for real? Am I being pranked? This has got to be a trick question, right? [Read more…]
December is one of my favorite times of year for personal finances. As a big data analysis nerd, I like to review my spending habits and saving achievements from the past year. I then look for opportunities to refine my budget and seek out bigger investments. If you want to advance in life you need to continuously develop challenging goals for yourself. Goals help us focus our attention and provide direction for long term success. When we challenge ourselves, we learn to push our limits far beyond what we previously believed to be impossible and help us take control of our life’s journey. [Read more…]
It is never too early to begin your financial education and that of your children. By the time I was 26, I had an $80,000 credit limit with an 803 credit score, and I had never made more than $14,000 a year up to that point in time. I am proof that anyone can achieve the trust of financial lenders without having a high paying job or a fat savings account. Financial responsibility is all that is needed.
I had a friend in college whose parents rented a luxury two bedroom apartment by the beach for over $4,000 a month, they had pools, movie theaters, weekly whisky and wine tastings, a gym, concierge, etc. However, they only stayed there two to three weeks out of the year as they spent 80% of their time traveling around the globe or staying at one of their three homes. We were allowed to come over and use the apartment whenever we liked. My friend and I tried to convince them that they were wasting their money on such high rent and that they should purchase a mansion by the beach, and of course, they should let us live there in the extra rooms. In return we would take care of the property, keeping it in tip-top shape, because you know we’re great like that. Eventually, his parents became annoyed at our pestering and sat us down to explain that they didn’t pay a dime for the luxury apartment and that they were not interested in owning another piece of property. “What do you mean you don’t pay for this place!” we said, “The rent is over $4k and you’re telling us you don’t pay a dime!” [Read more…]