oh hey kiddos. hope everyone had a nice, cheap, fun, free weekend. i caved a bit this weekend. but didn't do too badly. and, alas, i have an article for you. i know, i know...you can thank me later.tips for a solid financial foundation
- begin early – you have time on your side. (it's amazing what a couple hundred bucks a month can do. just think what a couple thousand a month could do!)
- know that debt-free life is possible. (seriously. it is. but probably a marathon, not a sprint)
- you are ultimately responsible for your financial well-being. (eventually your parents will take you off the payroll. for some of us this happened sooner than others...which is super annoying. 'look at this car my parents just got me!!' ---seriously?!? you're 30! isn't that embarrassing????)
- don’t spend beyond your means. (i'm learning how to do this. but lots of us are guilty of it. no, i probably shouldn't have bought $200.00 shoes when i was unemployed. lesson learned-better late than never)
- monitor and control your spending.
- establish some good financial habits right now.
- begin building your net worth. (join mint.com. i love it and it lays out your net worth. its a bit sobering to see a negative number here. knowing that if i kick the bucket tomorrow i'd literally be 'in the hole' for about $3500.00 (not for long!!))
- stop trying to impress other people. (yea. quit. ashleycolean.)
- take good care of your stuff and you will get more out of them. (like your shoes)
- find and work toward your true passions. (i'm still workin on this. but my wheels are turning)
- improve yourself every chance you get.
- talk about money-and be honest. (i don't understand why people are so afraid to talk about money. maybe, if our generation had talked about-in a serious way-our financial situation, how to understand it, and ways to fix it-i'd be out of debt. having a true, honest conversation about money is so educational-for everyone involved! and yes, please quit lying and acting like you make $80k/year. it's asinine.)
- give without strings or regrets
don't say i never gave you anything.