I am currently on a campaign for self-improvement. A lot of aspects are involved. One aspect is improving my financial picture. I have over $10k in savings. I have about $2k in my 401k. I have no IRAs, and I currently make $12.50/hour at my job, with a promise of a raise once I receive my bachelor’s degree in engineering. I am 23 years old.
I am wanting to do anything I can now to build a healthier financial picture in order to assist in other aspects of my life, now and in the future. I can provide more details if need be. Any suggestions?
Confused, u sound right on track for financial security in just a few yrs.
i’ll suggest a visit to daveramsey.com to learn what most 50 yr old have to unlearn.
suggest u never deal with any one who can not express to you what / how they plan to increase ur money and be understood by a 15 yr old. lots of fancy talking ’smart’ broke folks out there.
read ‘48 days to work u love’ good info u need soon. ‘the millionarie next door’ ‘the richest man in babylon’ ‘ how to win friends and influence people’ ‘think and grow rich’ ‘the tortise and hare’.
these are books most working paycheck to paycheck ‘degreed professionals’ never read and wonder why they are never getting a head.
February 8th, 2010 at 11:06 pm
Wow. I have a great idea for you!! You’ll have to contact me. The answer is too complicated. But with your willingness, you can build financial freedom. You are asking the right questions.
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February 8th, 2010 at 11:14 pm
Confused, u sound right on track for financial security in just a few yrs.
i’ll suggest a visit to daveramsey.com to learn what most 50 yr old have to unlearn.
suggest u never deal with any one who can not express to you what / how they plan to increase ur money and be understood by a 15 yr old. lots of fancy talking ’smart’ broke folks out there.
read ‘48 days to work u love’ good info u need soon. ‘the millionarie next door’ ‘the richest man in babylon’ ‘ how to win friends and influence people’ ‘think and grow rich’ ‘the tortise and hare’.
these are books most working paycheck to paycheck ‘degreed professionals’ never read and wonder why they are never getting a head.
References :
ex street urchin, now biz owner
February 8th, 2010 at 11:21 pm
Get a financial education. DON"T hire a financial planner and DON"T go studying finance. Learn from people like Robert Kiyosaki. If you like I can do a personal coaching on the issue just PM me if you wish.
There’s a wonderful Kiyosaki podcast go check it out…It’s called "Why the Rich are getting richer."
Enjoy
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February 9th, 2010 at 12:04 am
Invest your 10k in some good mid to high risk mutual funds. Then keep putting money into those funds every month. The 401k is only good if your employer is matching your contributions, if not put it in a Roth IRA.
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