I'll be honest: I'm going to bust out some harsh truths with you today. Sophia’s Tough Love: Sometimes life sucks. Yep. I said it. Sometimes things really don’t work out the way you want them to, and sometimes you have to make hard choices to get out of your current situation and start down a better path. (This applies to both your life and your money.) It’s not pretty. It’s not easy. But hear … [Read more...] about Stop Complaining and Start Taking Action
Archives for January 2014
We're doing something new at Gen Y Planning today! I'm excited to share a really fun, informative interview with you (and a big shout-out to Eva from Teens Got Cents for sharing an idea with me on how to record this interview!). I sat down to chat with Amanda Abella, a Gen Y life coach who helps others make positive, innovative changes to their careers, businesses, and more. She's also the author … [Read more...] about Learning All About How to Make Money Your Honey with Amanda Abella
I’m going to share a scary statistic with you today, but before I do, just remember: don’t panic! The rest of this post is going to cover some actionable steps you can take to ensure you avoid this situation. Ready for it? According to a recent NerdWallet article, members of Generation Y are likely facing a long, long work road ahead of them. Thanks mostly to the amount of debt the average … [Read more...] about How Gen Y Can Retire on Time
YOUR NET WORTH = WHAT YOU HAVE – WHAT YOU OWE It’s that simple. A few times a year, I try to take a moment to calculate our net worth. I have a spreadsheet that I pull up, I log into our accounts online, and I enter the balance of each of our retirement accounts, savings, investments, etc. Then I enter any debt that we have (currently, only the car loan and a mortgage on our investment property). … [Read more...] about How Do I Calculate My Net Worth?
Happy New Year! It’s 2014 and it’s time to take a look at your financial life and do some assessing. Getting out of debt and saving money often top the list of most popular New Year’s resolutions, but this year I challenge you to create better habits. Examine your bank account, retirement accounts, credit card statements, monthly payments and debt load and write down three things you rocked at! … [Read more...] about Financial Goals & Habits for the New Year!