Insurance is an intangible that you buy and hope you never need. You buy it and see nothing tangible in exchange for your purchase. Not a fun or interesting purchase. In spite of the drawbacks, experience a catastrophe and if you are uninsured, your entire life can be ruined.
Welcome to a new guest contributor, the Broke Bitch. She is a new college grad with a minimum wage job. Enjoy her irreverent tips for saving and spending. Caveat; Her ideas are her own and I bear no responsibility for their content!
For those looking for direction to build life and wealth skills, go outside of your family of origin to get role models that engage and excite you. Find mentors that are achieving what you are aspiring to.
Wealth has less to do with money and more to do with personal responsibility, risk taking, achievement, and determination.
“I always leave with less than I had before” The Wrestler, Bruce Springsteen. So I aspire, due to his inspiration to be more giving and more present in my advice to you. I am recommitted to giving you the best wealth building tools possible.
“I am proud to be paying taxes in the United States. The only thing is – I could be just as proud for half the money.” — Arthur Godfrey, entertainer courtesy of IRS.gov
Today is advice day where you get some tips about how to benefit from the current interest rate environment.
In economic terms, the Federal Reserve Bank which decides monetary policy is trying to pull our economy out of a recession and jump start growth. As part of this effort, the low interest rates are designed to promote spending by consumers and corporations. Firms fund growth through expansion and frequently take on debt to finance that growth.
I pepper my financial topics with values, life, and leisure and focus on “wealth in life”, which is not about money. Life is so much broader and richer than amassing dollars (euros, GB pounds etc.). So for today, I’m going to ramble about other things in that make life richer which have little to do with money.
Even if you think you don’t need a good credit score because you aren’t going to buy a house, consider this; landlords and employers check your credit score as well.