I laid down to go to bed about 1am last night and my 9 month old daughter decided to wake up at 2am for about an hour so needless to say I’m going to consume a lot of coffee today, but at least IT’S FRIDAY! This week’s favorites are solely focused on money simply because I just came across a ton of awesome money articles this week.
My Favorites Of The Week
A Fifth of Millennials Have No Savings – Are you a millenial? Do you have any savings? I certainly haven’t always had money in savings. I made many bad financial decisions in my early 20s that i’m not proud of, but I have been working on changing my financial behavior the past few years. If you don’t have any savings, I challenge you to save $1,000 as fast as you can. Savings makes life a little less stressful when an unexpected financial setback happens and trust me it will inevitably happen.
How to Tackle Your Student Loan Debt – Student Loan Debt is one of the worst kinds of debt in my opinion. If you don’t have any student loan debt I would suggest avoiding it at all costs, but if you do have student loan debt you already know how horrible it is and this article is a solid guide to help you get rid of your debt faster. The articles discusses repayment options, payoff strategies, and other things to consider when paying off student loans.
Great Financial Lessons My Dad Taught Me – Unfortunately my parents didn’t teach me much about personal finance, but I don’t fault them for that. I believe it was partially because they weren’t always smart with money themselves and partially because I didn’t listen to anything that anyone told me up until about the age of 25. As a father, I hope to instill some financial lessons into my daughter’s mind so that she doesn’t have to struggle financially as a young adult like myself and countless others have.
14 books that will change the way you think about money – Here is a list of books on money that might be worth reading. I am currently reading one of the books on this list called The Power of Broke by Daymond John. Daymond John is the creator of the FUBU brand and he’s an investor on the show Shark Tank. A couple other books I’ve read that I feel probably should have made this list are The Millionaire Next Door: The Surprising Secrets of America’s Wealthy and The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness.
Why everything you own is garbage – That’s a harsh, but attention grabbing headline. The message I took from this article is collect more memories and less stuff. To me this means go on more vacations, attend more concerts and shows, and just generally spend more money on experiences than physical things.
How a Commitment to Drinking Just Water Saves More Money Than You Think – This would probably save me a good chunk of money. I probably buy a bottle of bourbon almost every week, 2 bottles of wine every week, and some beer every week. On top of that, I occasionally get combo meals that come with drinks and I buy other drinks at the grocery store. I feel like this could save me $200 or so per month, but the question is would it be worth it?
How to Get Out of the Rat Race and Start Living – Easier said than done, but FEAR is the one reason why many people remain stuck in the rat race. I believe that the key to getting out of the rat race successfully is to prepare, plan, and make your future a top priority. My favorite line from this article is “your future isn’t going to just make itself, you have to make it”.
Which of these articles did you relate to most or which was your favorite? Let me know in the comments below.