Yours truly is turning 30 on Saturday, and I’m feeling reflective about my youth. I’ve been thinking lately what I would tell my 20-year-old self about money if I could go back in time. Even better, I thought about the advice I would give 20 year olds today about finance. I had a lot to say. When I wrote the list below, I was surprised how much of the points were merely philosophies and perspectives, rather than hard, concrete suggestions like “save 10% of your income”. Though maybe not that surprised, since this is consistent with my belief that financial strategies are better than financial plans. Numbers still matter. They matter a lot. But I think the motivation behind them matters more. In any case, I hope the advice is valuable and resonates with 20-somethings and 30-somethings alike. Enjoy! 1. A little matters a lot. If you can put another $10 towards […]
It’s the last day at my job! You better celebrate, because I am. For those that don’t know, I have left my full-time job as a consultant to early-stage start-ups to suffer at the hands of my own start-up: this very website you’re reading right now. This is a crazy risky fun exhilarating journey into entrepreneurship, and I couldn’t have done it without you. Please enjoy the journey: Why I quit my high-paying job during a recession to work for you If you’re tired of always losing, stop playing the game Transitions: Turning a blog into a real business Who I am & The Story Behind Money After Graduation More to come!
For those that didn’t catch it when I first posted it this week, I shared the FIRST edition of Drinks & Dollars — where I consume wine while answering your personal finance questions. What could go wrong? Please enjoy the video below! Want more? Like, comment, and subscribe to my channel! *These episodes are for informational and entertainment purposes only, and do not constitute professional finance advice. Please consult with your trusted and sober financial advisor before making any major decisions with your money! In this episode, I answer: How do you handle bad days when everything goes to shit? What did you do financially to prepare for the transition from employed to self-employed? How did the shopping ban help you prepare for self employment? What is the best online banking site to transfer funds to a self-managed investment portfolio? Now that I’m “funemployed”, was my MBA still worth it? Was I […]
I know many of you are curious about how my finances will be impacted by my jump to self-employment next week — and no wonder, because it’s going to be a pretty BIG impact! For the past 4 years, I’ve always earned two incomes, and my website and freelancing always came second to my full-time income. And no wonder: it’s half the size. I’ve never earned more than $35,000 in one year online… but I’ve also never devoted full-time hours to my online endeavors. I’m hoping if I can do 40 hours a week instead of 15, that the money will follow suit. In the meantime, I’ll be living lean. Below are the six ways I set up my finances to take this leap! 1. My essential monthly expenses are super low My husband and I each contribute $2,000 per month to our joint accounts. Of this, $1,800 goes into the […]
If you’re and international student that has recently graduated from university, it’s likely that you haven’t returned home yet. This is common for graduates. Many choose to stay for an extended period of time in the country in which they studied: They become ensconced in a new culture. They meet new friends, acquire culture specific skills, perhaps learn a new language, and possibly find important employment or internship opportunities. For individuals like this, it is important to save as much money as possible when sending money back home for whatever reason: maybe you need to send money home for an extended visit. Maybe you will be supporting friends or family (remittances) back home. Maybe you are preparing to move back at some future time. In any of these situations, it should come as no surprise that you’ll want to save as much money as possible on the transfer of these earnings. You’ve studied hard. You’ve […]