People with student loans often feel like they’re in a hole that prevents them from living life to the fullest. But contrary to popular belief, you can still live a normal life while paying back your debt – including owning a home. It might not be easy, but you can save while paying back your […]
Archives for August 2016
Focus On Financial Balance To Build Wealth Faster
Money and finance doesn’t have to be “all or nothing”. But the trouble is, you hear it all the time – pay off your debt OR save. Invest OR spend. Too many people (and some financial pundits) push you towards OR, not AND. While it’s great to plow money into paying off debt, you shouldn’t do […]
The Decline of the For-Profit University
Once heralded as the next step in the evolution of education, for-profit universities are dropping like flies. Recent rules and regulations have limited their federal funding and current lawsuits allege misconduct that’s causing enrollment to drop and suspicions to increase. So what does the future hold for these oft-criticized institutions? The Numbers Between 2011 and […]
How To Open A Traditional And Roth Solo 401k
Opening a solo 401k for your small business can make a lot of sense financially. When you’re self employed, the solo 401k allows you to save the most money versus all of the other self employed retirement plans (SEP-IRA, SIMPLE IRA, Keogh Plan). It is even better if you and your spouse run your business […]
How To Find Free Money To Pay For College
Even though college is expensive it doesn’t mean you have to pay full price. If you’re willing to put in a little grunt work (which you should) you can slash your out-of-pocket college expenses. Before you take on any student loans explore these options to help pay for tuition. Financial Aid Financial aid can play […]
What is a Sweep Account and How Do I Use It?
Every brokerage account has what is called a “sweep” feature or sweep account. It can be both a benefit or a detriment depending on how you use it and what options you selected when you set it up. When you setup a new brokerage account, you usually have to assign what you do with your […]
What You Didn’t Learn About Money In College
The following is a guest post from Martin of Studenomics, where he shows you how to save money in your 20s without missing out on the fun. “Nobody ever told me that in college.” I wish that I could attribute this quote to one person. I’ve heard this from so many readers and friends. There’s […]
Using A 529 For Yourself: Uses And Benefits
By now you’re well aware of the benefits of saving for your child’s education expenses in a 529 plan. But did you know that you can also use a 529 plan to save for yourself, no matter your age? If you plan on furthering your education, such as going back to get a masters degree […]
Is College Worth It? How To Calculate Your ROI
While the thought of incurring student loan debt makes many prospective students reconsider pursuing post-secondary education, the impact of a degree still outpaces the pain of loan debt on future financial well-being. A college degree represents a sound investment in your future earnings. The financial return over a lifetime makes an undergraduate education a sound […]
Are Community Colleges A Viable Alternative?
The traditional college story is pretty well known. You go to a big public university, move into the dorms and start stressing about which major to choose. But is that really the story for most students these days? Is it even the right choice? More and more young people are choosing to start their higher […]
Generate a Second Income By Doing Something You Love
Finding the time and motivation to make extra money can be tough, especially if you’re already working a demanding day job. However, whether it’s paying off a debt or saving up for a major purchase, there are times when one income just isn’t enough. If you can’t face the thought of putting in extra shifts […]