In the previous post we learned that the tax man and personal benefits (insurance, retirement savings, etc.) significantly reduce the amount of money we actually see in our paychecks. We also committed to setting aside 20% of that paycheck for savings and investment, knowing that it will lead to prosperity down the road. Now, you … Continue reading #8 – Learn how to Track Income, Expenses and Establish a Budget – Part II
#7 – Learn how to Track Income, Expenses and Establish a Budget – Part I
In the previous post we learned how how important it is to commit to paying yourself first through savings and investment, and the wonderful effect compound interest will have on those savings over the long haul of the Money Marathon. Of course, you can't save and invest every dollar you earn. There are expenses you'll … Continue reading #7 – Learn how to Track Income, Expenses and Establish a Budget – Part I
#6 -Pay Yourself First with Savings
For giggles, lets skip forward "a few miles into the marathon." You've finished college (with little or no debt to repay, right?) and you've found a career that both motivates you and pays fairly well. Congrats! All of a sudden, you've gone from being a poor college student who's scraping by every week to having … Continue reading #6 -Pay Yourself First with Savings
#5 – Choose an Exciting – Yet Practical – Career
One of the most important money decisions you will make is to choose what you do for a living not by the amount of money it pays, but how it motivates you and provides satisfaction.
#4 – Have Zero College Debt (or, as Close as Possible) – Part II
In the last post I compared entering the workforce after college with many thousands of dollars in student loans to running the beginning of a marathon with a boat anchor tied to your waist. The comparison is a bit exaggerated for effect, but not too far off. There probably isn't any scenario in which it … Continue reading #4 – Have Zero College Debt (or, as Close as Possible) – Part II
The Money Marathon 