Revealed: Why You Should Rent an Apartment Till You Have at Least 20% Down

Your single most important purchase will be your home. While some of the other decisions you make while you are younger might be non-fatal the choice you make in regards to a home will probably impact you for decades. You will need to be patient and save up at least 20% so you have a decent down payment towards your first home. Also if you are married, purchase the home based on only … [Read more...]

The Real Truth About Borrowing Money To Buy Cars

In many ways convenience and lack of patience is the enemy of financial prosperity. Loans could be a statement about your selfishness.  A loan says I don’t have the money, but I want this and I want it now. Here are some important facts about car loans: The average American car loan payment is $400 per month. A 48 month used car average interest rate is currently 7.91%. Let’s say you … [Read more...]

What Every Teen Ought to Know About Part Time Work

Decide to work at least during the summer if not during the school year You will be in great shape if you get through college with a zero net worth. This would mean you don’t owe anything, but you don’t own anything either.  Even better would be if you made it out of school with no debt and owned (completely paid for) something like a car. Think of your financial life as if you were … [Read more...]

Avoid $13,160 in Interest Payments & Get a College Degree

Too many people are playing financial catch-up. They made a dumb mistake or several dumb mistakes that unintentionally put them years behind on their current financial goals. In this upcoming series will look at the things you (as a young adult) can decide now to avoid YEARS of financial regret. Here's the topics we'll cover: Decide you will pay for and save for as much for … [Read more...]