Houses have never really meant that much to me.
Maybe it’s because I lived in over fourteen different ones before turning 18.
Maybe it’s because I ended up upside down on my very first house purchase, thanks to the mortgage crash of 2008.
Maybe it’s because all my most treasured memories take place outside my house – on a desolate beach at dawn, breathing in the 14,000 ft view that inspired the authorship of “America the Beautiful”, or snuggled up to my soldier post-deployment in temporary military housing.
Houses – big or small – don’t seem to make much of a difference to the inhabitants regarding the quality of life. I’ve known many a miserable person to live a 7,000 customized square feet, and met many a happy individual to have little more than a tent to call their “home”.
Student debt is a big deal for many millennials.
That “educational investment” yield a lower ROI than expected?
Over 40 million Americans currently struggle with student loans, with the national burden of federal student debt rising over $1 trillion.
The average student debt load for today’s millennials recently registered at over $35,000 – a financial obligation that can put the “no-go” on many costly life events, such as getting married, having kids, and buying a home. A 2015 survey by Bankrate indicated that 56 percent of people ages18 to 29 have put off major life events – even purchasing a car and saving for retirement – because of student debt.
Many of you may be thinking, “Yep – that’s me!”
My grandmother was born in 1932, right in the middle of the Great Depression.
Her father died when she was four or five years old, leaving a young and vulnerable family with no resources. My grandmother, along with her siblings were sent to live with relatives and neighbors. The only memories my grandmother has shared regarding this particularly challenging time in her early life are a few anecdotes regarding working on the host farms in which she lived.
As our country surged through World War II and the economy began to recover, my grandmother’s life improved considerably. She became a beautician, opened her own beauty salon, traveled to NYC and Hawaii, and eventually, married a veterinarian. All the material comforts and basics securities she missed out on as a Depression era baby, she realized through the remaining 70 years of her adult life.
I’ve been meaning to get strategic about my money management since graduating, buying a house, getting married, starting a business, moving, moving again, moving again…and the list goes on and on.
Do you feel me?
While do-it-yourself money management has been a long-term intent of mine, it’s emerged as the ultimate back-burner project. “It’ll take too much time,” I’d convince myself. “I’ve already put it off this long – what’s another year?”
This year, I (finally) called my procrastinator self’s bluff – it’s time to get serious about some serious investments. Dancing the prelude to my Dirty Thirty, I’ve decided to put some action behind my financial well-meaning, yet previously ineffective intent, and manage my own money. Like many other millennials, I’ve got asset goals, student debt, and healthcare costs that routinely meet the catastrophic cap and have concluded there’s no time like the present to execute financial savviness.
Guest Post: Elena Tahora
Startup companies do not run on just ideas.
There is equipment involved, a place to operate and of course, people to hire. This is where ‘seed funding’ comes into play.
The seed funding is initial capital a company raised to fund the startup. The seed funding can come from the owner’s own pocket but most of the time it comes from outside. In order to raise the money you need, you have to negotiate well with investors.
Raising seed funding can be quite hard so we have gathered a few tips that may help you along the way!
When I started my business, I knew I was gonna make millions.
Yeah, it didn’t quite work out that way…
Chances are when you started your company, you were planning on cashing in as well.
But what happens when hitting the motherlode Month 2 doesn’t?
What can you do when your business isn’t making money?
Does a zero profit margin mean you have to say “goodbye” and “no more” to your business brainchild, or is there a few Hail Mary’s you can claim to give your entity a fighting chance?
Let’s look at five things you can do when your business isn’t making any money:
Not everything about starting a business is fun.
In fact, a lot of the work during the early growth stages just, well, sucks.
Yes, you read that right.
Startups can be stressful; however, the sucky, pull-your-hair-out growth stage isn’t forever.
In fact, the not-so-fun startup phase can provide you a lot of information about both your business and your market – what works and what doesn’t work – that will shape your company’s future. Being able to weather the startup storm, and respond to the growing pains of your baby biz can be a “make it or break it” phase of your entrepreneurial career.
Here are three tips for making the growth phase less “sucky”:
Guest Post: Riya Sander
Many individuals who are in Generation Y are now in their 30’s or are approaching this time in their lives. For many people in this age group, the tumultuous years of early adulthood have passed, and individuals are now starting to settle down, raise a family and focus on their careers.
While many are becoming more serious about life in general by the age, others have very little understanding of important financial planning concepts necessary to secure a stable future.
If you are included in this group, you may want to learn more about this so that you can improve your financial planning efforts.
Let’s look at some of the common financial mistakes individuals in this generation make!
Millennials & Money Twitter Chat w/ Whitney Hansen
Join us Wednesday, June 14th for a discussion on Millennials & Money! Join Hannah Becker of The Motivated Millennial and Whitney Hansen – the Millennial Money Expert – Wednesday, June 14th @ 8 PM ET as they discuss millennial money strategies!
I’m Jen. By day, I am an HR professional and by night, I am a frugal lifestyle blogger and freelance writer.
I am passionate about helping fellow millennials to make smarter financial choices. After I finished grad school in 2013, I found myself underemployed and buried in $75,000 of student loan debt.
A friend recommended Dave Ramsey’s book The Total Money Makeover and I was hooked. My husband and I are now hustling to pay off our combined $117,000 of student loans in just three years. I write about getting out of debt, living frugally, and earning extra income on my blog Frugal Millennial. Continue Reading…