15 Subjects That Schools Fail to Teach
//A THREAD//
Number 13 is a must.
//A THREAD//
Number 13 is a must.
1. Compound Interest
It is said to be the 8th wonder of the world.
Young people should learn and take advantage of it.
For a 18 years old, it will take $228/mo to reach $1 million
For a 30 years old, it will take $556/mo.
Starting early makes a big difference.
It is said to be the 8th wonder of the world.
Young people should learn and take advantage of it.
For a 18 years old, it will take $228/mo to reach $1 million
For a 30 years old, it will take $556/mo.
Starting early makes a big difference.
2. Building good credit
Responsibly credit usage can put you in a good position to have a great credit score.
How do you build a credit score?
- Make regular payments on your loans
- Open credit lines
- Have varied credit usage
- Do not apply for multiple lines at once
Responsibly credit usage can put you in a good position to have a great credit score.
How do you build a credit score?
- Make regular payments on your loans
- Open credit lines
- Have varied credit usage
- Do not apply for multiple lines at once
3. Budget
A budget is viewed as a restrictive tool, but it is a plan that shows how your money is spent.
A budget is made of:
- Income: Salary
- Expenses: Rent or mortgage, housing bills, car insurance
A budget is a road map to reach your financial goals.
A budget is viewed as a restrictive tool, but it is a plan that shows how your money is spent.
A budget is made of:
- Income: Salary
- Expenses: Rent or mortgage, housing bills, car insurance
A budget is a road map to reach your financial goals.
4. Debt
Young kids do not understand the consequence of debt.
After college, they want to enjoy their first income.
They get into debt and cannot save, invest, and have long-term goals.
Debt is can be an impediment to financial goals.
Young kids do not understand the consequence of debt.
After college, they want to enjoy their first income.
They get into debt and cannot save, invest, and have long-term goals.
Debt is can be an impediment to financial goals.
5. Paying yourself first
Building wealth requires sacrificing some pleasures for a better future.
This means to save (Emergency fund) and invest in ( IRAs, 401ks) before spending money.
This prepares you for current and future financial burdens.
Building wealth requires sacrificing some pleasures for a better future.
This means to save (Emergency fund) and invest in ( IRAs, 401ks) before spending money.
This prepares you for current and future financial burdens.
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