A while back I saw a graphic in an article showing what industries made up what percentage of all corporate profits. Banks and financial institutions made up a huge percentage of overall profits. To some this is a surprise, to others it’s all too predictable. A lot of people complain about how much the big […]
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At it’s core, building wealth is simple. All you need to do to build wealth is increase your assets and lower your liabilities. Leveraging the power of compound interest anyone can become a millionaire for seemingly minimal cost (Erin shared how $5,000 can turn into $1,000,000 for retirement). In practice it can be difficult. Debt […]
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Side hustles, or ways of making extra money outside of your full-time job, can drastically improve our financial situations. By creating an extra source of income, you can pay off debt and save more money faster than you could without a side hustle. That being said, side hustles aren’t without trade-offs. Perhaps the biggest trade-off […]
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There are some personal finance topics that get a lot of focus. Budgeting, tracking your spending, and paying down debt are a few of them. And then there is tax hacking. Let me be clear: I am not advocating doing anything illegal. Tax hacking is simply leveraging the tax code to your advantage. Tax hacking […]
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Housing is probably one of the highest monthly expenses you’ll ever have. While owning a home one day is a common goal for many of us, sometimes it difficult to tell whether renting or buying a home will actually be better for our finances now and in the long run. Personally, I was always told […]
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Side hustles are a topic of frequent discussion at Young Adult Money. But we just can’t help ourselves. For all of us, side hustles have helped to completely change our financial situations all together, and for some, they have even become profitable enough to become full-time businesses. Blogging is one of our favorite side hustles, […]
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There’s a lot of credit cards options. A Lot of options. And there’s always new ones coming out. As a consumer I like the variety of options. It’s not like other products or services where there is only a handful of options – or less – to choose from (I’m looking at you cable […]
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We talk a lot about the benefits of side hustles here at Young Adult Money, but it is for good reason. Side hustles, or earning extra money on the side, can help to increase your income, teach you new skills, and can even become full-time jobs down the road. For anyone in debt or looking […]
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The temptation to overspend on non-necessities may always be constant year-round. For some of us, it’s harder to save money during the summer because there’s so much fun stuff to do. No one wants to be cooped up in the house all day when you can travel, go to beaches and BBQs, and attend festivals. […]
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I was watching a morning show recently where the topic of discussion was millennials and their lack of retirement savings. While most of the panel seemed to have neutral views on millennials themselves, one member of the panel tore into millennials. They cited millennials lack of work ethic and their need for instant gratification. This […]
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