8 Ways To Get Motivated And Reach Your Goals

How To Stay Motivated And Become SuccessfulFinding motivation can be a hard task for anyone.

Motivation is important because it can help you keep your eye on the goal even when you want to quit.

Motivation will help you continue to work hard towards your goal, even when it seems impossible.

Motivation is what keeps you going so that you do not quit.

Without motivation, most people would give up on a goal very easily. This is why it’s so important to learn how to stay motivated.

Whether your goal is finance-related, career-related, family-related, lifestyle-related, or something else, there are many ways to help you stay motivated so that you can reach it.

Below are eight ways to get motivated so that you can reach your goals and become successful. [Read more…]

5 Mistakes That Can Hurt Your Chances For Retirement

5 Mistakes That Can Hurt Preparing For RetirementSadly, there are many out there who do not save enough money when preparing for retirement. In fact, according to Zacks Investment Research, 72% do not save enough for retirement each month.

Also, according to a different survey done by Bankrate.com, 36% of people in the United States have absolutely NOTHING saved for retirement.

These numbers are very alarming.

I believe that saving for retirement is possible, and it’s something more people should be working towards and succeeding at.

While many believe the economy ruins their chances for retirement, in reality most retirement preparation problems have to do with the specific beliefs people have towards retirement.

There are many reasons for why a person might be horrible at saving for retirement. By looking at the various reasons for why preparing for retirement doesn’t seem to be working for someone, I feel that more people can be aware of and overcome their retirement preparation problems.

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Below are five different ways you may by hurting your chances for retirement. Continue reading if you are interested in preparing for retirement but want to avoid common mistakes! [Read more…]

The Effect of Just $20/hr on a Student Loan

The Effect of Just $20hr on a Student LoanHello! Enjoy this post from a blog friend of mine.

I think most of us would agree that earning more would allow us to save more. Contrarily, SPENDING more is going to save you more, and I’ll illustrate how.

Fact. The average college graduate has $33,000 in student loans at graduation.

In a generation with abundant information, I’m always amazed at how the post-college world is mystified, and how the approach to student loans thus far has not been met with solutions, only an explanation of the problem.

When I finished school, I started making $20 per hour designing logos for friends and family. If I worked just 5 hours per week, I’d make $400 per month. In a year that’s $4,800. That second income, the Side-Stream, was HUGE for me.

In 4 years, I’d have earned $19,200.

So let’s talk about debt and how this $20 can earn and save money at the same time.

With an average of $33,000 and a common 6% interest rate and ten-year term, you owe just under $400 per month. But with interest added, your actual debt becomes nearly 30% higher, assuming you only pay the minimum monthly payment: [Read more…]

Craigslist Scams I Encountered When Looking For A Rental Plus Real Scam Emails

4 Craigslist Rental Scams To AvoidOver the past few weeks, we have been searching for the perfect rental home for us to move into. We found many great homes, and actually signed a lease the other day on one (more information on that to come soon).

Even though we found a rental home, we came across many Craigslist scams firsthand.

I only received around 10 emails back from potential landlords and three of those I knew were definitely scammers. There might have been others as well. 

Due to this, I knew I had to create a post on the topic of rental scams.

You can find rental scams everywhere (Craigslist, Zillow, and more), and many people are duped every single day out of hundreds or sometimes thousands of dollars.

Below are several Craigslist rental scams that you should be aware of. There are cases where the person might not actually be a scammer, but you should be on high alert if you decide to continue through with a potential rental that you are unsure about.  [Read more…]

Everything You Need To Know About Emergency Funds

When You Need Money Fast - Learn About Emergency FundsAn emergency fund is something I believe everyone should have. However, according to a report by Bankrate.com, 26% of Americans have no emergency fund whatsoever for when they need money fast.

According to this same report, only 40% of families have enough in savings to cover three months of expenses, with an even lower percentage having the usually recommended six months worth of savings.

This is frightening to me, as having an emergency fund can greatly help a person get through tough parts in life.

For us, we have a large emergency fund.

I’ve always been open about this. I am a rather big worrier about things, and having a large emergency fund gives me peace of mind, especially since we are self-employed and our income can vary from month to month. [Read more…]

How I Paid Off $38,000 In Student Loan Debt In 7 Months

Student Loan Repayment Plan - How I Did It In 7 MonthsLately, I have received many questions asking how I was able to pay off my student loans so quickly. I haven’t talked much about my student loans since I paid them off in July of 2013, but I know many struggle with their student loan repayment plan each and every day.

Due to this, it is a topic I am always happy to cover. Paying off your student loans is a wonderful feeling and I want to help everyone else experience the same.

 

Background on my student loans.

To start off, I am going to provide a quick background on my student loans.

I worked full-time all throughout college. I worked as a retail manager from when I was a teenager until I graduated with my two undergraduate degrees (I was a double major). Then, I was lucky and found a financial analyst position right when I graduated. I took around six months off from college, then I went back to get my Finance MBA, all while still working full-time and building my business.

Even though I worked full-time, I didn’t really put any money towards my student loan debt while I was in college. [Read more…]