Money needs time to grow. Whether it is in appreciating property, savings accounts, or the stocks, lots of our efforts to grow money revolve around time. It seems to take so long, but at times like now it seems there is barely enough time to post.
One of the things I have noticed about trying to progress in life and finances is that I may tend to work extremely hard during the week and be burnt out on the weekends. Of course, nothing gets done on the weekend, so I am never ahead. The next week starts and I have to play catch up, which again leads to burn out.
I think the money analogy here is how hard is your money working? Is it working efficiently? Do you run to try to catch on to the next big thing, or do you spread out your money evenly? I know what all the money gurus and investing gurus would say, diversify! I plan to diversify my time spent on work and fun more evenly, so as to avoid stress. I hope that my life plan will follow through to my financial plan.
Monday, March 31, 2008
Sunday, March 30, 2008
Raw Money
Lack of a strong financial education may prove to be one of the largest individual and nationwide setbacks. The first step is admitting you have a problem.
As I pass the middle of my post graduate studies money has become an extremely important issue in my life. Though I am not making any money as of now, I will soon join the ranks of other young professionals, if only for the summer before I return to school. One reason that money is in the forefront of young professionals is because any money we receive will be new. This is new money. This is unbridled money. This money is RAW.
With my undergraduate degree in some form of literature and writing, I have begun to look for ways that will supplement my future income. My graduate degree program is in a high earning field, but I am looking for ways to sustain myself now and to help supplement my income in the future. The goal is to make raw money. Then to grow raw money. Then to save raw money. Future goals include marriage, kids, property, stocks, retirement funds, and plans for early retirement.
The transformation of young money, this raw money, into some sustainable form will be a large task, especially with little to no financial background. Little financial education from home and no finacial education from school. The only advice I have gotten: "You will always be in debt, there is nothing you can do about it." I will not believe that. I will learn to reign in this raw money and produce.
As I pass the middle of my post graduate studies money has become an extremely important issue in my life. Though I am not making any money as of now, I will soon join the ranks of other young professionals, if only for the summer before I return to school. One reason that money is in the forefront of young professionals is because any money we receive will be new. This is new money. This is unbridled money. This money is RAW.
With my undergraduate degree in some form of literature and writing, I have begun to look for ways that will supplement my future income. My graduate degree program is in a high earning field, but I am looking for ways to sustain myself now and to help supplement my income in the future. The goal is to make raw money. Then to grow raw money. Then to save raw money. Future goals include marriage, kids, property, stocks, retirement funds, and plans for early retirement.
The transformation of young money, this raw money, into some sustainable form will be a large task, especially with little to no financial background. Little financial education from home and no finacial education from school. The only advice I have gotten: "You will always be in debt, there is nothing you can do about it." I will not believe that. I will learn to reign in this raw money and produce.
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