education http://www.wisebread.com/taxonomy/term/124/all en-US 5 Job Hunting Roadblocks Millennials Must Overcome http://www.wisebread.com/5-job-hunting-roadblocks-millennials-must-overcome <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-job-hunting-roadblocks-millennials-must-overcome" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/young_couple_signing_contract.jpg" alt="Young couple signing contract" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Millennials are the demographic born between the early 1980s and the early 2000s. If you fall into that category, you are going to come across some disadvantages when it comes to getting a job. While these roadblocks are not applicable to every candidate, and are certainly not impossible to overcome, they are going to make your job search more difficult than the Gen Xers you'll be competing with. Here are some of the struggles you can expect to face.</p> <h2>1. Older generations may have a bad impression of you</h2> <p>Most millennials are like every other age group of job seekers: hardworking, driven, and ready to knuckle down and have a positive impact on the company that hires them. Sadly, millennials have gotten a pretty bad rap over the years, tainted by the actions of a few. Words like &quot;entitlement&quot; and &quot;opinionated&quot; are bandied about, and it is having a negative impact on those looking for work. In particular, older generations, most of whom are doing the hiring, have bought into those stereotypes.</p> <p>For example, in a Daily Mail article published earlier this year, some bosses and hiring managers <a href="http://www.dailymail.co.uk/femail/article-4232696/Millenials-generation-huge-sense-entitlement.html" target="_blank">complained about a workforce</a> made up of young people that are &quot;spoiled, full of themselves, averse to hard work, and expect 'success on a plate.'&quot; Sadly, articles like these are a dime a dozen.</p> <p>These blanket statements, of course, are simply not true. There are selfish, entitled people of every age and background &mdash; but in the case of millennials, it can be a hard perception to shake off. Millennials will have to overcome these preconceived notions and prove they're every bit as determined as their peers. (See also: <a href="http://www.wisebread.com/5-ways-millennials-can-become-bosses-sooner?ref=seealso" target="_blank">5 Ways Millennials Can Become Bosses Sooner</a>)</p> <h2>2. Student loans can leave you desperate</h2> <p>Let's talk about student loans and crippling debt. The average student in the class of 2016 graduated with $37,172 in student loan debt. According to the New York Federal Reserve, in the U.S. alone, there are over 44 million borrowers that have amassed over $1.3 trillion in student loans &mdash; and this number continues to grow as the cost of higher education skyrockets.</p> <p>This is a massive liability, especially when you consider that in 1990 the average student loan debt was just $12,110. What's more, in that time median wages have basically flatlined &mdash; rising from $42,342 in 1990 to just $43,000 in 2016, according to the New York Federal Reserve. That's a 1.6 percent pay raise and a whopping 163.8 percent debt raise.</p> <p>As a millennial, you are facing the very likely possibility that you'll be stuck with this debt for decades. For this reason, finding work becomes nothing short of desperation. College graduates are taking jobs well below their education and skill level simply because it's better to have a low paying job than none at all. And this can lead to a vicious cycle of low level gigs, standing at the foot of a ladder that looks impossible to climb. No other generation has had to start their careers with this kind of burden. (See also: <a href="http://www.wisebread.com/7-unique-ways-millennials-are-dealing-with-student-loan-debt?ref=seealso" target="_blank">7 Unique Ways Millennials Are Dealing With Student Loan Debt</a>)</p> <h2>3. Technology has its disadvantages</h2> <p>Millennials were born into a world of rapidly advancing technology, and for the most part, they are very comfortable interacting with it. That can be positive in many ways, and it can certainly help in their job search. But this reliance on technology can also lead to some social issues that may hamper a job interview process. Namely, millennials aren't as accustomed to talking on the phone or sitting down face to face as older generations.</p> <p>Many millennials would much rather communicate through text, instant messenger apps, emails, and social media posts than through traditional voice and in-person methods. These preferences can impact a candidate's chances during phone or face to face interviews. To be sure, many millennials are comfortable with and perfectly capable of acing a phone or in-person interview. But for others, this can be an obvious struggle. (See also: <a href="http://www.wisebread.com/flashback-friday-59-tips-to-help-you-nail-that-job-interview?ref=seealso" target="_blank">59 Tips to Help You Nail That Job Interview</a>)</p> <h2>4. There hasn't been enough time to establish great credit</h2> <p>In some countries, no news is good news when it comes to a credit history. As long as you have a good salary, a stable family life, and are current on loans and other debts, you're good to go. But in the U.S. it takes time to build great credit and get a credit score above the magic 700 number. Unfortunately for millennials, they haven't had that kind of time. Millennials are also less likely to want credit cards and large financial obligations, which further hampers their ability to build credit.</p> <p>Indeed, the 2008 crash, coupled with the increase of student loan debt, has made many millennials wary of getting into any kind of debt at all. But employers these days are getting thorough on background checks, and a low or nonexistent credit score can be a black mark against a candidate. (See also: <a href="http://www.wisebread.com/best-credit-cards-for-millennials?ref=seealso" target="_blank">Best Credit Cards for Millennials</a>)</p> <h2>5. Education is no match for experience</h2> <p>There's a scene in <em>The Secret of My Success</em> that sums up this problem to a tee. Michael J. Fox's character applies for a job and says, &quot;I was trained in college to handle a job like this, so in a sense I already have experience.&quot; The interviewer replies, &quot;What you've got is college experience, not the practical hard-nosed business experience we're looking for.&quot;</p> <p>This is a problem that millennials run into often. They have an education and a few years in the field, but not enough to match the candidates that have a solid 10+ years of business experience under their belts. Plus, more and more employers are placing way more emphasis on work experience than a college degree. (See also: <a href="http://www.wisebread.com/7-things-successful-millennials-do?ref=seealso" target="_blank">7 Things Successful Millennials Do</a>)</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F5-job-hunting-roadblocks-millennials-must-overcome&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F5%2520Job%2520Hunting%2520Roadblocks%2520Millennials%2520Must%2520Overcome.jpg&amp;description=5%20Job%20Hunting%20Roadblocks%20Millennials%20Must%20Overcome"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/5%20Job%20Hunting%20Roadblocks%20Millennials%20Must%20Overcome.jpg" alt="5 Job Hunting Roadblocks Millennials Must Overcome" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/5-job-hunting-roadblocks-millennials-must-overcome">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/these-17-companies-will-help-you-repay-your-student-loan">These 17 Companies Will Help You Repay Your Student Loan</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-biggest-ways-millennials-risk-their-retirements">5 Biggest Ways Millennials Risk Their Retirements</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-keep-your-job-hunt-from-busting-your-budget">How to Keep Your Job Hunt From Busting Your Budget</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/job-hunting-with-a-long-employment-gap">Job Hunting With a Long Employment Gap</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/15-questions-you-should-always-ask-at-the-end-of-a-job-interview">15 Questions You Should Always Ask at the End of a Job Interview</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Job Hunting challenges discrimination education job interviews millennials roadblocks student loans technology young adults Wed, 11 Oct 2017 08:30:11 +0000 Paul Michael 2034468 at http://www.wisebread.com Why Now's the Right Time to Jumpstart Your Career http://www.wisebread.com/why-nows-the-right-time-to-jumpstart-your-career <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/why-nows-the-right-time-to-jumpstart-your-career" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-629805626.jpg" alt="now&#039;s the time to improve your career" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Data from the U.S. Bureau of Labor Statistics' has shown an interesting trend in the years since the Great Recession: More Americans are quitting their jobs than ever.</p> <p>The Bureau's Job Openings and Labor Turnover (JOLTS) reports show some surprising numbers. In July 2014, <a href="https://www.bls.gov/news.release/archives/jolts_09092014.pdf" target="_blank">2.5 million Americans</a> voluntarily left their jobs, leaving the national quit rate at 1.8 percent. Compared to 2017, those numbers have increased dramatically: <a href="https://www.bls.gov/news.release/archives/jolts_09122017.pdf" target="_blank">3.2 million people</a> quit their jobs this past July, at a rate of 2.2 percent.</p> <p>You may be wondering why people are leaving their jobs in such droves. It's good news. The trend indicates that workers are finding new, better jobs, and the JOLTS data shows that more job openings and opportunities are available than in years past. How can you take advantage of this employment trend? By bettering your career path. Here's your game plan.</p> <h2>1. Request better workplace benefits</h2> <p>According to Glassdoor, three out of five people report benefits and perks as being among the top deciding factors in accepting a new job. And <a href="http://www.frac.tl/employee-benefits-study/" target="_blank">88 percent of respondents</a> to a 2017 Fractl survey reported that they would even give &quot;some&quot; or &quot;heavy&quot; consideration to a lower-paying job with better health, dental, and vision insurance compared to a higher-paying job with less impressive health benefits.</p> <p>It doesn't end at health insurance, however. Job-seekers are increasingly interested in other benefits such as flexible working hours, student loan repayment, more vacation time, additional fund options in retirement plans, and free day care. As employers are competing more fiercely to attract and retain qualified workers from a shrinking pool of talent, you have a stronger case for asking for additional benefits. Generally, it's cheaper for employers to provide a benefit to an existing employee rather than hiring someone new, so the economics are on your side.</p> <h2>2. Seek education and development options</h2> <p>A college degree can boost your lifetime income by a matter of millions. The problem is that the average graduate from the class of 2016 owed $37,172 in student loans, up 6 percent from the year before. And that number keeps growing. This is why today, we're seeing more and more employers offering student loan repayment as a benefit. (See also: <a href="http://www.wisebread.com/these-17-companies-will-help-you-repay-your-student-loan?ref=seealso" target="_blank">These 17 Companies Will Help You Repay Your Student Loan</a>)</p> <p>Even better, many employers are going one step beyond student debt reduction and are looking to prevent it in the first place:</p> <ul> <li>AT&amp;T pays employees up to $3,500 per year for approved courses.</li> <li>Fidelity Investments reimburses employees 90 percent of qualifying education costs (up to $10,000 per year).</li> <li>Nvidia reimburses employees up to $5,250 each year for qualified job-related educational expenses.</li> <li>Smuckers reimburses up to 100 percent of tuition costs for approved college courses.</li> </ul> <p>Completing a degree on your company's dollar empowers you to improve your career path within your current employer &mdash; and future ones.</p> <h2>3. Work on soft skills</h2> <p>The idea of the ultimate expert working in a dark corner is long gone. Even in the fields of engineering or programming, employers value people who get on well with others and can work as part of a team. Knowing how to get along and communicate with your peers is key for your career growth, wherever that path may take you.</p> <p>Cat got your tongue? Work on your communication, public speaking, and leadership skills with Toastmasters International for about $110 for the first year. And then practice those skills every day on the job. When the next big career opportunity comes knocking, you'll have a leg up on the competition. (See also: <a href="http://www.wisebread.com/10-ways-to-improve-yourself-for-100-or-less" target="_blank">10 Ways to Improve Yourself for $100 or Less</a>)</p> <h2>4. Become a thought leader</h2> <p>Information is power, but so is the ability to deliver that information in a meaningful way. Companies are always looking for subject matter experts who can make presentations, serve on discussion panels, or contribute to industry journals or publications. Depending on your company policies, you may be able to receive additional income for these activities or just the reimbursement of eligible expenses involved with those activities.</p> <p>The true value of becoming the face of your organization is that you're increasing both your value to the company and building your own personal brand. Both of which may come quite handy for the next time that you ask for a raise, receive an offer from another employer, or decide to set up your own shop.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fwhy-nows-the-right-time-to-jumpstart-your-career&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FWhy%2520Now%2527s%2520the%2520Right%2520Time%2520to%2520Jumpstart%2520Your%2520Career.jpg&amp;description=Why%20Now's%20the%20Right%20Time%20to%20Jumpstart%20Your%20Career"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/Why%20Now%27s%20the%20Right%20Time%20to%20Jumpstart%20Your%20Career.jpg" alt="Why Now's the Right Time to Jumpstart Your Career" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/why-nows-the-right-time-to-jumpstart-your-career">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-questions-you-should-always-ask-in-an-exit-interview">8 Questions You Should Always Ask in an Exit Interview</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-reasons-its-never-too-late-for-a-career-change">6 Reasons It&#039;s Never Too Late for a Career Change</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-15-coolest-silicon-valley-job-perks-you-wish-you-had">The 15 Coolest Silicon Valley Job Perks You Wish You Had</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-perks-you-should-be-demanding-from-your-employer">6 Perks You Should Be Demanding From Your Employer</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-great-careers-you-can-have-with-a-liberal-arts-degree">10 Great Careers You Can Have With a Liberal Arts Degree</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income benefits education job hunting opportunities perks quitting skills unemployment rate Tue, 26 Sep 2017 08:30:11 +0000 Damian Davila 2026862 at http://www.wisebread.com 8 Great Jobs for the Next 10 Years http://www.wisebread.com/8-great-jobs-for-the-next-10-years <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-great-jobs-for-the-next-10-years" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/young_maintenance_engineer_team_working_in_wind_turbine_farm_at_sunset.jpg" alt="Young maintenance engineer team working in wind turbine farm at sunset" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The working world is in upheaval, with technology changing the way we do pretty much everything. Some careers that used to be sure things aren't so sure anymore. How do you know which jobs are worth pursuing, and which aren't? We checked in with the U.S. Bureau of Labor Statistics to get the lowdown on fields that are projected to grow over the next decade.</p> <h2>1. Financial adviser</h2> <p>With life expectancy on the rise, more people are expected to be needing financial planning advice. The BLS gives this profession a solid <a href="https://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm" target="_blank">projected growth rate</a> of 30 percent between 2014 and 2024, which it notes is &quot;much faster than average.&quot; The median salary for a personal financial adviser was just over $90,000 as of 2016.</p> <p>For this career, you'll need a bachelor's degree, but no advanced degrees are required. Becoming a Certified Financial Planner (CFP) is also helpful. Many financial advisers work for insurance or financial brokerage firms; others are self-employed.</p> <h2>2. Physical therapist</h2> <p>The demand for physical therapists is growing, too: There's an impressive <a href="https://www.bls.gov/ooh/healthcare/physical-therapists.htm" target="_blank">34 percent growth rate</a> predicted over the 2014&ndash;2024 period, with more than 70,000 new physical therapist positions being added to the workforce. To become a physical therapist, you'll need to get a Doctor of Physical Therapy (DPT) degree. A DPT degree is a post-baccalaureate degree that usually takes three years to complete. Worth the time? Probably. The median salary for physical therapists, as of 2016, was about $85,400.</p> <h2>3. Registered nurse</h2> <p>Becoming a registered nurse continues to be a great career choice for the next 10 years, and probably beyond. More than <a href="https://www.bls.gov/ooh/healthcare/registered-nurses.htm" target="_blank">439,000 registered nurse jobs</a> are expected to be added to the workforce by 2024. The median salary was just under $70,000 as of 2016. Approximately 60 percent of RNs work in hospitals, according to the BLS, with the remaining 40 percent working in clinics, doctors' offices, home health care roles, and other care facilities. To become a registered nurse, you'll need a degree in nursing. A four-year bachelor's degree is probably the best choice, as an associate degree may limit your career options and salary.</p> <h2>4. Physical or occupational therapy assistant</h2> <p>Assistants to therapists earn a lower wage than the therapists themselves, but it's still a good salary. The average annual pay for a physical therapy assistant was <a href="https://www.bls.gov/ooh/healthcare/physical-therapist-assistants-and-aides.htm" target="_blank">just over $56,000</a> as of 2016, while occupational therapy assistants <a href="https://www.bls.gov/ooh/healthcare/occupational-therapy-assistants-and-aides.htm" target="_blank">brought in an average $59,000</a>.</p> <p>Occupational therapy is focused on helping people improve their ability to handle daily life tasks, such as cooking, or even eating. Physical therapy focuses on helping patients recover from illness or injury and regain physical ability. To be a therapist's assistant, you'll need an associate degree and perhaps a license, but that's all. Both jobs have a projected growth rate of about 40 percent between 2014 and 2024.</p> <h2>5. Computer systems analyst</h2> <p>If computer systems, information technology, and business are your thing, this is a great career choice. Systems analysts work with business managers to understand business needs and come up with information systems solutions. You'll need a bachelor's degree in information technology to get a job in this field, which has a <a href="https://www.bls.gov/ooh/computer-and-information-technology/computer-systems-analysts.htm" target="_blank">21 percent projected growth rate</a>. A master's degree may open up more job opportunities and a higher entry-level salary. The median pay as of 2016 was more than $87,000 a year.</p> <h2>6. Industrial machinery mechanic</h2> <p>The <a href="https://www.bls.gov/ooh/installation-maintenance-and-repair/industrial-machinery-mechanics-and-maintenance-workers-and-millwrights.htm" target="_blank">projected growth rate</a> for this career in the 10 years up to 2024 is a bit lower than others on this list at only 16 percent, but that's still much faster than average. You don't need any college education for this job; a high school diploma or equivalent is enough, and, of course, some mechanical capability is needed. Beyond that, you'll need appropriate training for the specialization you choose; an apprenticeship or on-the-job training are two common options. The median salary for this career was just under $50,000 as of 2016.</p> <h2>7. Computer support specialist</h2> <p>The outlook for computer support specialists shows a <a href="https://www.bls.gov/ooh/computer-and-information-technology/computer-support-specialists.htm" target="_blank">12 percent growth rate</a>, with more than 88,000 jobs expected to be added by 2024. With a median annual salary of over $62,000 as of 2016, it's a great career choice. You need some computer prowess, of course, and the ability to patiently guide people through solving their computer problems. That's probably the most challenging part! A college degree isn't always necessary, though an associate degree, or at least some computer-related courses, will help. Positions with a larger company may require a bachelor's degree, but many other support positions provide on-the-job training.</p> <h2>8. App developer</h2> <p>If you're good with code and have the business savvy to see a hole in the app market, this could be a great career choice for you. Even if you're not so great at the business side, this could still be a good career if you get a job with any number of app development companies. Mobile technology is only continuing to grow, and this job is growing along with it at a rate of over 22 percent, according to Kiplinger. The median annual salary is one of the highest on this list, coming in at over $96,000. You'll typically need a bachelor's degree in computer science to get started in this field.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/8%20Great%20Jobs%20for%20the%20Next%2010%20Years.jpg" alt="8 Great Jobs for the Next 10 Years" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/annie-mueller">Annie Mueller</a> of <a href="http://www.wisebread.com/8-great-jobs-for-the-next-10-years">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-you-pursuing-an-overcrowded-career-field">Are You Pursuing an Overcrowded Career Field?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-important-signs-that-your-job-sucks">10 Important Signs That Your Job Sucks</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-careers-where-women-earn-more-than-men">5 Careers Where Women Earn More Than Men</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-job-hunting-roadblocks-millennials-must-overcome">5 Job Hunting Roadblocks Millennials Must Overcome</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/crime-scene-cleaner-and-4-other-trades-that-pay-surprisingly-well">Crime Scene Cleaner and 4 Other Trades That Pay Surprisingly Well</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building career fields decade education fastest growing future growth rate job markets salary successful technology Mon, 04 Sep 2017 08:00:05 +0000 Annie Mueller 2013152 at http://www.wisebread.com Are You Putting Off These 9 Adult Money Moves? http://www.wisebread.com/are-you-putting-off-these-9-adult-money-moves <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/are-you-putting-off-these-9-adult-money-moves" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-499784815.jpg" alt="stop putting off these adult money moves" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>You are not a kid anymore. It's time to start acting like an adult, especially with regard to your money. Procrastination won't help you on the path to financial freedom, so it's time to grow up, and examine whether you've been avoiding these adult money moves.</p> <h2>1. Bolstering your emergency fund<strong> </strong></h2> <p>When you are young, you may not need a lot of extra cash on hand. After all, you may feel like your life is simple enough that very few emergencies would result in financial ruin.</p> <p>As you get older, though, there are more costly events that can crop up. You may own a home and face major, unexpected repairs. You may have children with unexpected medical needs. And because your overall expenses are higher, you'll be hurt more if you or a spouse loses their job.</p> <p>While it's important to invest for the long-term, it's also crucial that you keep enough cash on hand to cover emergencies. At least three to six months' worth of income is a good rule of thumb. Without this savings, you may find yourself in debt or tapping into retirement savings to get by. (See also: <a href="http://www.wisebread.com/4-new-reasons-you-need-an-emergency-fund?ref=seealso" target="_blank">4 New Reasons You Need an Emergency Fund</a>)</p> <h2>2. Tracking your money</h2> <p>When you're young and living large, you have no idea where your money is going. You are too busy having fun to worry about it. But now you're an adult, and it's time to actually assess what you are spending your cash on.</p> <p>It's impossible to budget and save if you have no idea where to cut expenses. To begin tracking your money, analyze your bank and credit card statements to view all of the purchases you've made. Enter these into a spreadsheet, or use an account consolidation website such as Mint.com to help you. Once you start tracking, you'll have a good idea of where you've been wasting money and where you can start cutting down on your costs. (See also: <a href="http://www.wisebread.com/build-your-first-budget-in-5-easy-steps?ref=seealso" target="_blank">Build Your First Budget in 5 Easy Steps</a>)</p> <h2>3. Sticking to a budget</h2> <p>Once you get a handle on where your money is going, it's time to develop a system that will allow you to save money. The only way to avoid debt and save for the future is to keep expenses below what you earn. This may mean making tough decisions and reducing nonessential spending.</p> <p>You may have to eat out less. You may need to cancel your cable TV or baseball season tickets. You may need to forgo that trip to the Caribbean. Set a budget for groceries each week, drive less, and clip more coupons. None of this is fun, but it's what adults do if they want to achieve financial freedom.</p> <h2>4. Getting your credit card debt under control</h2> <p>Early on in life, your credit card debt may just seem like a number you can hide from yourself. But at a certain point, it's something that truly impacts your ability to build wealth and obtain financial freedom.</p> <p>When your debt is high, this impacts your credit score, which in turn impacts what you will pay for things like a mortgage and auto loan. In essence, debt can become a downward spiral of pain if you don't nip it in the bud early. Be an adult, and start paying down that credit card debt.</p> <p>Try to go after the debt with the highest interest rates first, then go from there (otherwise known as the avalanche method). Begin using cards more sparingly and rely instead on good old cash as much as possible. Soon, you'll see your credit score rise and your overall financial picture will look much rosier. (See also: <a href="http://www.wisebread.com/the-fastest-method-to-eliminate-credit-card-debt?ref=seealso" target="_blank">The Fastest Method to Eliminate Credit Card Debt</a>)</p> <h2>5. Saving for a home</h2> <p>Homeownership isn't for everyone, but there will likely come a time in your life when it makes sense to build equity in real estate rather than spend money on rent. Owning a home gives you a sense of pride, a sense of stability for your family, and is a good financial move in the long run &mdash; as long as you can manage the monthly payments.</p> <p>To make a sensible home purchase, traditional expertise has advised saving enough money for a down payment of at least 20 percent. So if you are eyeballing a $250,000 home, for example, that means amassing $50,000 &mdash; a sizable amount. While you aren't required to put 20 percent down, doing so can help you avoid having to pay private mortgage insurance, or PMI, until you build up equity in your home. Saving for a down payment is not an easy task, and may take many years, so it's best to start as soon as possible. (See also: <a href="http://www.wisebread.com/4-easy-ways-to-start-saving-for-a-down-payment-on-a-home?ref=seealso" target="_blank">4 Easy Ways to Start Saving for a Down Payment on a Home</a>)</p> <h2>6. Investing toward retirement</h2> <p>The notion of saving for your 60s might seem ridiculous when you're in your 20s. But you can't put off retirement savings forever, and this procrastination can really hurt you down the line. The earlier you start saving, the more money you will have when it's time to leave the workforce.</p> <p>If you're into your 30s or 40s and have little saved for retirement, you need to start socking money away right now. Take advantage of your employer's 401(k) plan and any of your company's matching contributions. You can also open an individual retirement account (IRA). Max out these accounts, if possible. The sooner you start investing, the more time your money has to grow. (See also: <a href="http://www.wisebread.com/7-retirement-planning-steps-late-starters-must-make?ref=seealso" target="_blank">7 Retirement Planning Steps Late Starters Must Make</a>)</p> <h2>7. Saving for your kids' education</h2> <p>It's hard to imagine saving for college when you have no children yet, or your kids haven't even left elementary school. But with college costing tens of thousands of dollars, and getting more expensive every year, you shouldn't put off saving for too long if you plan to help your children with some of the expense.</p> <p>It's possible to begin saving before your child is even born, and there are many investment accounts, including the popular 529 college savings plans, that offer great tax advantages to those that save for education. It's not wise to save for college costs at the expense of your own retirement, but if you have the ability to put aside money for both, do it sooner rather than later. (See also: <a href="http://www.wisebread.com/5-smart-places-to-stash-your-kids-college-savings?ref=seealso" target="_blank">5 Smart Places to Stash Your Kid's College Savings</a>)</p> <h2>8. Getting properly insured</h2> <p>Proper financial planning isn't just about accumulating wealth, but protecting it. The best way to protect your assets is by insuring them at appropriate levels. Do you own a home? Make sure you have homeowners insurance to protect the structure and everything inside. Do you and your family members have health insurance to protect against illness or injury? And do you have life insurance so that your family will be financially OK if something were to happen to you?</p> <p>Insurance can sometimes seem like a waste of money if you don't use it. But when something bad does happens, you'll be massively grateful you have it. (See also: <a href="http://www.wisebread.com/5-reasons-why-life-insurance-isnt-just-for-old-people?ref=seealso" target="_blank">5 Reasons Why Life Insurance Isn't Just for Old People</a>)</p> <h2>9. Crafting a will</h2> <p>Do you know who gets your assets if you unexpectedly pass away? Do you know who will take care of your children if you are no longer around? Have you given any thought to whether you'd like to be kept on life support if you are the victim of an accident? These are unpleasant things to think about, but they are important considerations.</p> <p>In the absence of a will or other documents that outline your wishes, family members may be left to make challenging decisions. The money and assets you wished to pass on to specific relatives may not be passed on according to your plans. Writing a will may not seem like a crucial thing to do when you are young, but it becomes more important as you get older, expand your family, and accumulate assets. (See also: <a href="http://www.wisebread.com/what-you-need-to-know-about-writing-a-will?Ref=seealso" target="_blank">What You Need to Know About Writing a Will</a>)</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fare-you-putting-off-these-9-adult-money-moves&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FAre%2520You%2520Putting%2520Off%2520These%25209%2520Adult%2520Money%2520Moves-.jpg&amp;description=Are%20You%20Putting%20Off%20These%209%20Adult%20Money%20Moves%3F"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/Are%20You%20Putting%20Off%20These%209%20Adult%20Money%20Moves-.jpg" alt="Are You Putting Off These 9 Adult Money Moves?" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/are-you-putting-off-these-9-adult-money-moves">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-let-outdated-money-advice-endanger-your-money">Don&#039;t Let Outdated Money Advice Endanger Your Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-best-free-financial-learning-tools">9 Best Free Financial Learning Tools</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-retirement-latte">The Retirement Latte</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-biggest-ways-procrastination-hurts-your-finances">7 Biggest Ways Procrastination Hurts Your Finances</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/money-a-mess-try-this-personal-finance-starter-kit">Money a Mess? Try This Personal Finance Starter Kit</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance budgeting college costs debt down payments education estate planning investing life insurance money moves retirement saving wills Fri, 18 Aug 2017 08:00:05 +0000 Tim Lemke 2005241 at http://www.wisebread.com These 17 Companies Will Help You Repay Your Student Loan http://www.wisebread.com/these-17-companies-will-help-you-repay-your-student-loan <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/these-17-companies-will-help-you-repay-your-student-loan" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/saving_for_education.jpg" alt="Saving for education" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Student loans can dampen the ability of new grads to get on their feet financially, causing stress at home and at work. According to Student Loan Hero, the graduating class of 2016 had an average student loan balance of $37,172 &mdash; up six percent from the year before.</p> <p>While it's daunting to see that number rise, the good news is that, in an effort to recruit and retain the best hires, a growing number of employers have started programs to help employees pay back those hefty student loans. Here are a few of those companies helping workers get out of debt.</p> <h2>1. Chegg</h2> <p>In April 2015, tutoring and study services company Chegg announced its college loan reduction plan for full-time employees in partnership with Tuition.IO, a company that provides a web-based platform for tracking and managing student loan payments. This benefit has an annual cap of $1,000 (less taxes), but has no cap on the total amount an employee can receive.</p> <h2>2. ChowNow</h2> <p>ChowNow has found this perk so useful in hiring talent that the company decided to double it from when it first started offering it to employees. The Los Angeles-based online food ordering company has an employer-paid student loan assistance program that matches up to $1,000 a year of employee payments.</p> <h2>3. CommonBond</h2> <p>Since December 2016, this lending marketplace platform has been granting $100 per month to its employees to pay down student loans. While CommonBond limits the perk at $1,200 per year, the company continues helping its employees until they fully pay off their student loans. Employees also have the option to refinance their student loans with CommonBond. On average, student borrowers save over $14,000 when refinancing through CommonBond, according to the company.</p> <h2>4. Credit Suisse</h2> <p>The financial services company doesn't offer a lump sum benefit to its employees, but instead provides a 0.25 percent discount on interest rates to workers that refinance their student loans with online lender SoFi.</p> <h2>5. Connelly Partners</h2> <p>Boston-based ad agency Connelly Partners works with Gradifi to offer a student loan repayment plan that improves the longer the employee stays with the company. Like a 401(k) plan, the agency matches up to $100 per month of its employees' debt payments. Employees who stick around for at least six months receive a $1,000 student loan payment bonus. Those who work for the company for five years receive another $1,000 bonus for the sixth year.</p> <h2>6. Fidelity Investments</h2> <p>The financial services firm makes an annual $2,000 direct payment to employees' student loan servicers, up to a total of $10,000. If your career with Fidelity requires you to continue your education, then Fidelity will reimburse you 90 percent of qualifying costs (up to $10,000 per year) of a work-related degree or certification program. You must have worked for the company for at least six months to qualify.</p> <h2>7. Kronos</h2> <p>Based in Chelmsford, Massachusetts, the workforce management software provider has partnered with solutions provider Student Loan Genius to pay up to $500 per year to help employees pay down student debt.</p> <h2>8. LendEDU</h2> <p>Since February 2016, the online marketplace for student loan financing has paid $2,400 per year ($200 per month) to employees with student loan debt.</p> <h2>9. Martin Health System</h2> <p>Employees working in the nursing field at Martin Health System in Florida can receive up to $2,000 per year to help pay down their student loans. In addition to this benefit from Martin Health System, Florida nurses can also work in areas with staff shortages to qualify for the state's Nursing Student Loan Forgiveness Program or the federal Perkins Loan Cancellation for Nurses and Medical Technicians.</p> <h2>10. Moonlite Bunny Ranch</h2> <p>In 2015, Dennis Hof, the owner of the legal brothel Moonlite Bunny Ranch in Nevada, promised to match 100 percent of his employees' student loan payments for two months, up to the full amount that they made during that period.</p> <h2>11. Natixis Global Asset Management</h2> <p>All Natixis employees receive an annual $1,000 student loan repayment benefit, up to $10,000 over a 10-year period. The company used to require that workers reached five years of employment in order to receive a lump sum benefit of $5,000, but did away with the requirement in July 2016.</p> <h2>12. Nvidia</h2> <p>This computing giant offers comprehensive student loan repayment options. First, employees working at least 20 hours per week who graduated within the previous three years can apply for a reimbursement of $6,000 a year for qualifying student loan payments, up to $30,000. Second, employees who successfully refinance their student loans with SoFi receive a bonus ranging from $200 to $500 and pay no loan origination fees. Third, employees who need to go back to college can receive a reimbursement of up to $5,250 each year for qualified job-related educational expenses, including tuition and books, as long as they earn at least a B average.</p> <h2>13. Powertex</h2> <p>The clothing design company was among the first businesses in Wisconsin to partner with Gradifi to offer a student loan repayment assistance program. Powertex gives eligible employees $100 per month for student loan payments for up to six years.</p> <h2>14. PricewaterhouseCoopers (PWC)</h2> <p>Associates and senior associates at the consulting firm receive $100 per month ($1,200 a year) toward student loan payments for up to six years.</p> <h2>15. SoFi</h2> <p>Many employers partner with SoFi to offer a student loan repayment assistance program. The online lender also offers its own eligible employees $200 per month to help them fully pay back student loans.</p> <h2>16. Staples</h2> <p>The office supply retailer offers top-performing full-time employees $100 a month for three years, for a total of $3,600 in student loan assistance. To maintain their eligibility, employees must meet set criteria throughout the entire three years.</p> <h2>17. Aetna</h2> <p>As of January 2017, the health care company matches employees' student loan payments of up to $2,000 per year, with a lifetime maximum of $10,000. The program is available to employees who have graduated within the previous three years from an accredited institution.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fthese-17-companies-will-help-you-repay-your-student-loan&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FThese%252017%2520Companies%2520Will%2520Help%2520You%2520Repay%2520Your%2520Student%2520Loan_0.jpg&amp;description=These%2017%20Companies%20Will%20Help%20You%20Repay%20Your%20Student%20Loan"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/These%2017%20Companies%20Will%20Help%20You%20Repay%20Your%20Student%20Loan_0.jpg" alt="These 17 Companies Will Help You Repay Your Student Loan" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/these-17-companies-will-help-you-repay-your-student-loan">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-get-student-loan-debt-forgiveness">8 Ways to Get Student Loan Debt Forgiveness</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-you-didn-t-learn-in-college-but-you-should-have">10 Things You Didn’t Learn in College (but You Should Have)</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-stop-student-loans-from-ruining-your-life">How to Stop Student Loans From Ruining Your Life</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-job-hunting-roadblocks-millennials-must-overcome">5 Job Hunting Roadblocks Millennials Must Overcome</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/college/college-resources">40+ College Resources for Parents and Students</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Job Hunting college companies contributions education employee benefits jobs loan repayment plans student loans Thu, 22 Jun 2017 09:00:10 +0000 Damian Davila 1968233 at http://www.wisebread.com 6 Reasons Average People Should Consider a Prenup http://www.wisebread.com/6-reasons-average-people-should-consider-a-prenup <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-reasons-average-people-should-consider-a-prenup" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/giving_them_a_happy_send_off.jpg" alt="Giving them a happy send off" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Prenuptial agreements are pretty standard when the rich and famous get married. Considering the amount of wealth these high-profile couples have, it makes perfect sense why prenups are as common as their giant engagement rings.</p> <p>But what about us common folk? Are prenups a good idea for people without millions of dollars to protect?</p> <p>Depending on your finances and relationship, a prenup might be a good idea for you and your sweetheart. Here are six reasons why people without multimillion-dollar net worths might choose to sign a prenup before saying &quot;I do.&quot;</p> <h2>1. If either of you have children from a previous relationship</h2> <p>As of 2013, <a href="http://www.pewsocialtrends.org/2014/11/14/four-in-ten-couples-are-saying-i-do-again/" target="_blank">40 percent of new marriages</a> include at least one spouse who has previously been married. Couples who have been down the aisle before are more likely to bring children into their new marriage, which adds a level of financial complication to their union. These parents often want to make sure children from their previous relationships will be financially taken care of in case of either death or divorce.</p> <p>A prenup can help parents protect assets for their children, especially in terms of estate planning. For instance, state laws generally consider marital property to belong solely to a surviving spouse after one partner dies. A prenup could ensure that a portion of that property, or assets that the parent brought into the marriage, would go to the child of a previous marriage or relationship rather than the surviving spouse.</p> <p>While wills can cover this same ground, having just a will that leaves your spouse less than an elective share of your estate (between one-third and one half) does not necessarily preserve assets for your children, since your spouse can make a claim against your estate for the elective share. Having a prenup that spells out what assets go to children of a previous relationship, along with a will that cements the terms of the prenup, will be a much more solid method of protecting your children.</p> <h2>2. If either of you has a great deal of debt</h2> <p>We tend to think of prenups as being a way of protecting our wealth, but they can also protect you from your partner's debts (or vice versa). If you are entering into a marriage with a great deal of individual debt, a prenup can delineate who has responsibility for the debt payments during the marriage, as well as how the debts will be handled in the event of a divorce.</p> <h2>3. If either of you is an entrepreneur</h2> <p>Figuring out the specific valuation of assets, such as closely-held business interests or stock options, can be tricky. These things can cause a messy delay in the event of a divorce. If either spouse is an entrepreneur or small business owner, drafting a prenup that spells out exactly how these kinds of assets will be valued will save you a great deal of heartache, time, and lawyer's fees if you ever need to split them up in a divorce.</p> <h2>4. If either of you plans to get an advanced degree while the other works</h2> <p>It's common for one spouse to financially support the family while the other gets an advanced degree or other higher education. The problem with this division is if the marriage does not survive.</p> <p>The fallout can happen in a few ways. Maybe, for example, the degree-seeking spouse ends up much better off financially because their new education helps advance their career. Meanwhile, the supporting spouse may be stuck toiling away for a lower paycheck. Or, in another example, maybe the supporting spouse makes good money, but the degree-seeking spouse is unable to find a job or is crippled by student loans post-divorce.</p> <p>A couple who knows that one partner will work to support the family while the other goes to school may want to draw up a prenup that will make sure both of them will be financially OK if the marriage does not last.</p> <h2>5. If either of you plans to be a stay-at-home parent</h2> <p>A spouse who stays home with the children may not be bringing in a salary, but he or she is certainly saving the family money. According to a 2016 Salary.com estimate, stay-at-home parents are saving their families <a href="http://www.salary.com/2016-mothers-day-infographics/" target="_blank">over $143,000 per year</a> by doing all of the work that would otherwise have to be contracted out.</p> <p>Unfortunately, there is no real way to quantify those cost savings if a marriage dissolves, which can leave the non-paycheck-earning parent at a distinct disadvantage. A prenup can do a great deal to protect both of the spouses.</p> <h2>6. If you live in a community property state</h2> <p>In the nine community property states, which include Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin, everything purchased during the marriage is split 50/50 in the event of a divorce, no matter who made the purchase.</p> <p>For most couples in these states, there is no problem with the community property laws. However, suppose one spouse purchases property on her own during the marriage? For instance, a real estate developer marrying someone outside of the real estate business might use her own funds to purchase properties as part of her business, even after they are married. If the developer wants to make sure those properties remain under her control should the marriage dissolve, then a prenup would be a good idea to protect that property.</p> <h2>Making sure your prenup is mutually beneficial</h2> <p>There is a stigma to prenups, which is part of the reason why they are often seen as just being for the uber-wealthy. We tend to think of them as proof that spouses are not committed to their relationship.</p> <p>However, a prenup should be mutually beneficial, and it can be a way for you and your beloved to show your commitment to each other. You should both be satisfied that you will each be taken care of in case life doesn't turn out the way you planned.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/emily-guy-birken">Emily Guy Birken</a> of <a href="http://www.wisebread.com/6-reasons-average-people-should-consider-a-prenup">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-things-i-learned-about-money-after-getting-married">8 Things I Learned About Money After Getting Married</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-manage-your-money-during-a-spousal-separation">How to Manage Your Money During a Spousal Separation</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-use-the-holidays-to-teach-kids-about-money">How to Use the Holidays to Teach Kids About Money</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/3-simple-ways-to-split-bills-with-your-spouse">3 Simple Ways to Split Bills With Your Spouse</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-protect-yourself-financially-during-a-divorce-or-separation">How to Protect Yourself Financially During a Divorce or Separation</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Family business owners children debt education entrepreneurs marriage prenup prenuptial agreement protecting spouses Tue, 13 Jun 2017 08:30:17 +0000 Emily Guy Birken 1959137 at http://www.wisebread.com Don't Let Outdated Money Advice Endanger Your Money http://www.wisebread.com/dont-let-outdated-money-advice-endanger-your-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/dont-let-outdated-money-advice-endanger-your-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-503170570.jpg" alt="Woman ignoring outdated money advice" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>We've all received unsolicited financial advice, often from well-meaning relatives and friends. In many cases, this advice is useful. But a lot of &quot;classic&quot; personal finance advice simply hasn't aged well, and is now viewed as flawed. It's just not applicable anymore in today's world.</p> <p>Before you blindly accept any money advice you receive, be sure to do some additional research to find out if the advice is outdated. Here are nine examples of financial tips that may no longer apply.</p> <h2>&quot;Find a good employer and stay forever&quot;</h2> <p>Many of us know an older relative that began working at a company as a teenager and then retired from that same firm four decades later. Often, they walked away with a sizable pension and even health benefits for life. (See also: <a href="http://www.wisebread.com/if-youre-lucky-enough-to-receive-a-pension-here-are-6-things-you-need-to-do?ref=seealso" target="_blank">If You're Lucky Enough to Receive a Pension, Here Are 6 Things You Need to Do</a>)</p> <p>This doesn't happen much anymore. Job security is not what it once was. A decline in labor unions means that guaranteed annual pay increases are a thing of the past. And a pension? Forget it.</p> <p>There's a lot of evidence now that switching jobs periodically will result in higher pay increases. And with the introduction of 401(k) plans, retirement savings are portable when your employer changes.</p> <h2>&quot;Pay off all of your debt as soon as you can&quot;</h2> <p>This is not so much &quot;bad&quot; advice, it's just less than ideal. Yes, it's a fine goal to remain as close to debt-free as possible, but in the current environment, carrying <em>some </em>kinds of low-interest debt may be more beneficial for you in the long run.</p> <p>Let's say you have a 30-year fixed-rate mortgage and were fortunate enough to lock in a low 3.5 percent interest rate. Let's also say stock market returns are averaging 7 percent per year. Over time, you're going to be better off using any extra money you have to invest in stocks rather than pay off your loan early. Generally speaking, if your investment returns outpace current interest rates, there's not much incentive to pay off debt early.</p> <h2>&quot;Technology is a fad&quot;</h2> <p>There was a time when some of the most savvy investors dismissed many tech stocks because they didn't understand them. The bubble collapse of advertising-dependent dot-com companies in the late 1990s didn't help the image of this sector. But there's no denying the fact that investing in technology companies with solid business models has been a clear path to wealth in recent years.</p> <p>All you need to do is look at the incredible returns for companies like Amazon, Apple, Netflix, Facebook, and others. A full 15 percent of companies in the S&amp;P 500 are technology companies, and they comprise most of the companies traded on the NASDAQ.</p> <p>Tech stocks are still notoriously volatile, but if you ignore the sector completely, you're ignoring some big potential returns.</p> <h2>&quot;Max out your 401(k)&quot;</h2> <p>While there's still little question that you should take advantage of your employer's 401(k) plan, people aren't quite as eager anymore to recommend that you contribute the maximum amount allowed. That's because over time, we've learned that the investment options and fees in many plans are rather lousy.</p> <p>Now, the best advice is to contribute to your 401(k) up to the amount that is matched by your employer. After that, begin contributing as much as you can into a Roth IRA, which offers tax-free growth and a wide array of investment choices.</p> <h2>&quot;Education debt is good debt&quot;</h2> <p>Attending college isn't a bad thing, but don't be cavalier about the impact that student loan debt will have on your financial wellbeing. College costs are increasing, along with stories of students and new grads being weighed down by tens or even hundreds of thousands of dollars of debt. (See also: <a href="http://www.wisebread.com/15-ways-to-pay-back-student-loans-faster?ref=seealso" target="_blank">15 Ways to Pay Back Student Loans Faster</a>)</p> <p>Carrying this debt can create a ripple effect that impacts your ability to save, purchase a home, or invest. And student loan debt can't be discharged in bankruptcy. Nowadays, any thought of borrowing for school should not be taken lightly.</p> <h2>&quot;Diversify your portfolio with a mix of stocks and bonds&quot;</h2> <p>Financial advisers have always emphasized diversification, but over time there's evidence that younger investors don't need to devote as much of their portfolio to fixed-income investments. Investing in bonds is useful for people who are nearing retirement age. But if you've got a long way to go before you stop working, you'll be best off with mostly stocks, which will offer much better returns and greater potential to meet your retirement goals.</p> <p>There is more risk and volatility associated with buying stocks, but a long time horizon will give you plenty of time to recoup any losses and then some (especially since people are living longer than ever). If you're not sure what stocks to invest in, pick a simple, low-cost index fund that mirrors the performance of the overall stock market.</p> <h2>&quot;Try to become a millionaire&quot;</h2> <p>There is an enormous amount of mystique surrounding the $1 million mark, and there's no question that saving that amount is something to be proud of. But a million dollars won't carry you as far as it once did. (See also: <a href="http://www.wisebread.com/5-reasons-being-a-millionaire-is-overrated?ref=seealso" target="_blank">5 Reasons Being a Millionaire Is Overrated</a>)</p> <p>If you plan to retire at age 60, keep in mind that you need your nest egg to last for 30 years or more. Will $1 million allow you to maintain your lifestyle and pay for things like long-term care? It's certainly possible to retire with $1 million, but you may still have to live conservatively to make the money last.</p> <h2>&quot;Always buy instead of rent&quot;</h2> <p>Homeownership is a powerful thing. It allows you to build equity and get some possible tax breaks while also offering you a place to live. But we've learned in recent years that it's not for everyone.</p> <p>Home prices are sky high in many areas of the country, and having a mortgage payment that's too expensive can make it hard to save for the future or even live comfortably. Remember that just because you qualify for a loan of a certain size doesn't mean that's a sensible loan size for you.</p> <p>The best advice now is to purchase a home if you believe you can make a large down payment and then comfortably make monthly payments while still saving for other future needs. If you're not quite there yet, don't fret. Renting is OK as long as you're still saving, investing, and building your net worth in other ways.</p> <h2>&quot;Buy Coca-Cola stock&quot;</h2> <p>For decades, you'd often hear investors gloat about the consistent, predictably great returns from Coke. Heck, the great <a href="http://www.wisebread.com/the-5-best-pieces-of-financial-wisdom-from-warren-buffett" target="_blank">Warren Buffett</a> owns a ton of shares and drinks several Cokes a day.</p> <p>It's still a good company, but anyone who bought Coca-Cola shares in recent years will have seen below-average market returns. Shares have risen just 18 percent in the last five years compared to nearly 70 percent for the S&amp;P 500. Quite simply, the company has had to work very hard to maintain profits in an age when people are increasingly concerned about the health impact of sugary drinks and snacks.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/dont-let-outdated-money-advice-endanger-your-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-you-putting-off-these-9-adult-money-moves">Are You Putting Off These 9 Adult Money Moves?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/millennial-millionaires-how-the-brokest-generation-can-also-become-the-richest">Millennial Millionaires: How the Brokest Generation Can Also Become the Richest</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/15-personal-finance-calculators-everyone-should-use">15 Personal Finance Calculators Everyone Should Use</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-online-forums-thatll-help-you-reach-your-financial-goals">9 Online Forums That&#039;ll Help You Reach Your Financial Goals</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-ways-to-increase-your-net-worth-this-year">10 Ways to Increase Your Net Worth This Year</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance 401(k) bad advice debt education investing pensions retirement saving money stocks student loans Fri, 19 May 2017 09:00:09 +0000 Tim Lemke 1948480 at http://www.wisebread.com How to Use the Holiday Quiet Time to Boost Your Career http://www.wisebread.com/how-to-use-the-holiday-quiet-time-to-boost-your-career <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-use-the-holiday-quiet-time-to-boost-your-career" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-539452034.jpg" alt="using holiday quiet time to focus on your career" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Depending on your office's culture, it can become a barren wasteland starting right after Thanksgiving, and stay that way until after the New Year. Especially if your office is open the week between Christmas and December 31, it's completely common to find yourself as one of the few people in the office &mdash; if not the only one!</p> <p>And while bingeing on Netflix or having chair races with the only other person in the office may sound appealing, office quiet time is a golden opportunity for you. The empty office gives you a chance to prepare for 2017 and build your skills. Instead of whiling away the hours on Candy Crush, try the following ideas to be productive.</p> <h2>Take a Course</h2> <p>Whether you want to learn how to code, dream of graphic design, or think mastering advanced Excel functions will help you in your current work, there are free and low-cost courses available to help you meet your goal.</p> <h3>Coursera</h3> <p><a href="http://click.linksynergy.com/fs-bin/click?id=g519OIyP0is&amp;offerid=467035.208&amp;type=3&amp;subid=0" target="_blank">Coursera</a> offers free classes from top universities like Yale, Harvard, and Brown in subjects like psychology, neuroscience, or fundamental programming concepts. While you cannot get credit for the classes you take, these are excellent resources for developing new skills.</p> <h3>Udemy</h3> <p>Similarly, <a href="http://click.linksynergy.com/fs-bin/click?id=g519OIyP0is&amp;offerid=323085.8&amp;type=3&amp;subid=0" target="_blank">Udemy</a> offers free classes, but they also have more in-depth classes with a fee, too. Udemy courses tend to be more niche-focused. If you want to learn about the latest in social media, such as how to use Periscope for brand promotion, or how to use Photoshop's editing features, Udemy offers many options and self-paced learning opportunities. While even Udemy's paid classes tend to be very affordable, if the lesson can be applied to your work, check with your manager to see if the company will cover the cost. Your initiative will show a good use of your time during the slow season.</p> <h2>Research Tools That Can Improve Your Work</h2> <p>During the busiest months, it can get so crazy you don't have a lot of time to research ways to streamline processes or make your job easier. So you stick to what you know and what works, even if it is inefficient. The slow weeks can be a great time to find new ways of doing business that can make your life simpler in 2017.</p> <p>There are many free or cheap tools available for every line of work. Below are just five free options that can help you in different industries, but there are hundreds of tools that can improve efficiencies and <a href="http://www.wisebread.com/the-7-best-free-tools-to-improve-your-work-performance?ref=internal">empower you to be more productive</a>.</p> <h3>Asana</h3> <p>If your company struggles to keep up with deadlines and track who is accountable for what, <a href="https://asana.com/" target="_blank">Asana</a> can be a gamechanger. Asana allows you to create tasks, assign people to each step, and set public deadlines. Asana is free for for teams up to 15 people, so it can be great for individual departments to stay on track and keep projects moving forward.</p> <h3>Canva</h3> <p>If you run social media pages, coming up with images for the different channels can be a major timesink. And if you have to wait on someone else to do them for you, that can make it difficult to capitalize on breaking trends. <a href="http://www.canva.com" target="_blank">Canva</a> allows you to create polished, professional-looking images in minutes, even if you have no graphic design training yourself. There's thousands of free templates, and while you can upload your own photos, they also offer stock photos for just $1.</p> <h3>FullContact Card Reader</h3> <p>Whether you work in sales, procurement, or marketing, gathering business cards is part of the job. And it's all too easy to accumulate a stack and forget about them, or lose them altogether. The <a href="https://www.fullcontact.com/cardreader/" target="_blank">FullContact Card Reader</a> scans the business card and saves the information to a designated place that you can organize and search. You can save up to 1,000 contacts with the free version.</p> <h3>HemingwayApp</h3> <p>If you're a writer, you'll enjoy <a href="http://www.hemingwayapp.com/" target="_blank">HemingwayApp</a>. Not only does it recognize typos and grammatical errors, but it also highlights bad habits like passive voice, excessive adverb use, and overly complicated sentence structure.</p> <h3>Written Kitten</h3> <p>Have you been delaying writing an email or starting on a sales report? Meet <a href="http://www.writtenkitten.net/" target="_blank">Written Kitten</a>, an utterly ridiculous free tool that may get you inspired. After you write 100 words, the site rewards you with an adorable picture of a kitten. Just don't allow yourself to cheat the system and start writing nonsense just to see the next cat.</p> <h2>Take Advantage of Your Time</h2> <p>It can feel like a real drag as the only person in the office. But this time of the year can be a fantastic chance to invest in yourself, learn new skills, and <a href="http://www.wisebread.com/10-productivity-tips-for-it-professionals?ref=internal">optimize your productivity</a>. Dress comfortably, load up your phone with great music, and try these courses and tools to set yourself up for a strong 2017.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kat-tretina">Kat Tretina</a> of <a href="http://www.wisebread.com/how-to-use-the-holiday-quiet-time-to-boost-your-career">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/this-simple-negotiating-trick-puts-money-in-your-pocket">This Simple Negotiating Trick Puts Money in Your Pocket</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-7-best-free-tools-to-improve-your-work-performance">The 7 Best Free Tools to Improve Your Work Performance</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-go-to-college-to-learn">Don&#039;t Go to College to Learn</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-succeed-as-an-online-student">How to Succeed as an Online Student</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-great-jobs-for-the-next-10-years">8 Great Jobs for the Next 10 Years</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Life Hacks Career Building education holiday break holiday vacation Holidays online classes productivity training Wed, 14 Dec 2016 11:30:08 +0000 Kat Tretina 1853788 at http://www.wisebread.com Millennial Millionaires: How the Brokest Generation Can Also Become the Richest http://www.wisebread.com/millennial-millionaires-how-the-brokest-generation-can-also-become-the-richest <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/millennial-millionaires-how-the-brokest-generation-can-also-become-the-richest" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_holding_cash_73068135.jpg" alt="Man part of brokest generation becoming the richest" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Recently, Wells Fargo and GfK surveyed 1,005 employed Millennials. The majority (64%) of Millennials polled said that they don't believe they will ever accumulate $1 million during their lifetimes. Furthermore, many also said they had not started saving for retirement and were feeling overwhelmed with student debt.</p> <p>Getting your finances on track in your 20s and after college is hard, but any Millennial can become a millionaire in their lifetime with the right steps.</p> <h2>Start Saving for Retirement</h2> <p>The number one way to become a millionaire in your lifetime is to invest in your retirement early and often. Don't keep putting it off, because youth means you have the power of compound interest on your side. It will take you less effort to save money now than it will take you when you try to play catch up 10 or more years later.</p> <p>Don't even worry if you aren't at your dream position quite yet. Take advantage of your company's 401K contribution match. If your company doesn't offer a retirement fund or you are self-employed, there are still many options for you.</p> <p>See also: <a href="http://www.wisebread.com/which-retirement-account-is-right-for-you?ref=seealso">Which Retirement Account Is Right for You?</a></p> <p>If you are currently saving 0% toward your retirement, then start with 3 percent. Saving 3 percent of your income is quite painless. Increase this percentage frequently until you are contributing 15% of your income to retirement.</p> <p>While this might seem like a daunting task when you are living paycheck to paycheck, it <em>can</em> be done. Having your retirement investments taken out before payday forces you to adjust to living with a smaller budget, and you also get the bonus of a nice tax break.</p> <h2>Shift Your Way of Thinking</h2> <p>If you spend trying to impress others, you will never have a bank account that actually impresses others. Live below your means and be realistic with what you really need.</p> <p>Remember that the way you live right after college is not a forever thing if you are frugal. When you are unmarried and without children, it is easier to share a living space or live on a bare-bones budget to optimize your savings. Live as frugally as possible now so that you can enjoy living when you are in your next season of life.</p> <p>See also: <a href="http://www.wisebread.com/the-frugal-living-commencement-speech-id-give-to-my-younger-self?ref=seealso">The Frugal Living Commencement Speech I'd Give to My Younger Self</a></p> <h2>Tackle Debt From All Angles</h2> <p>In the survey, 34% of Millennials reported an average of $19,978 of debt. Of those with student loan debt, 75% described their debt load as unmanageable. Don't carry your debt with you, allowing it to drag along like a burdensome weight.</p> <p>Instead, find ways to tackle your debt from many different angles. Here are just a few solutions:</p> <ul> <li>Enroll in programs that <a href="http://www.wisebread.com/5-careers-that-offer-student-loan-forgiveness">forgive student loan debt</a>.</li> <li>Start aside business and <a href="http://www.wisebread.com/this-recent-grad-paid-off-34k-in-sudent-loans-and-launched-a-business-in-just-4-years">funnel earnings to debt</a>.</li> <li>Use a&nbsp;<a href="http://www.wisebread.com/8-surprising-ways-to-pay-off-your-student-loans">0% credit card</a> for a part of the debt.</li> <li>Look into<a href="http://www.wisebread.com/what-s-the-difference-between-student-loan-refinancing-and-consolidation">consolidation and refinancing</a>.</li> <li>Earmark every extra dollar to your debt, including birthday money and tax refunds.</li> </ul> <p>The faster you can pay off your debt, the freer you will feel financially.</p> <h2>Earn Experience &mdash; Not Degrees</h2> <p>Degrees are certainly valuable and necessary in many fields, but in some, the pay difference is not that drastic. Instead, focus on growing your experience and career path each year. Take advantage of company-paid training and develop your skills. Then, start planning for more senior, better-compensated roles by asking people in your dream job how they got there. The road to success may not be paved with gold, but there may be a pot of gold at the end of it for those who plan carefully and work intelligently.</p> <p><em>Do you think you will reach a million dollars in your lifetime?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/millennial-millionaires-how-the-brokest-generation-can-also-become-the-richest">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-let-outdated-money-advice-endanger-your-money">Don&#039;t Let Outdated Money Advice Endanger Your Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-you-putting-off-these-9-adult-money-moves">Are You Putting Off These 9 Adult Money Moves?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-you-can-cut-costs-right-before-you-retire-0">6 Ways You Can Cut Costs Right Before You Retire</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-signs-youre-making-all-the-right-money-moves">6 Signs You&#039;re Making All the Right Money Moves</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-start-a-family-before-reaching-these-5-money-goals">Don&#039;t Start a Family Before Reaching These 5 Money Goals</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance debt degrees education jobs millennials millionaires retirement saving money Tue, 06 Sep 2016 10:30:07 +0000 Ashley Eneriz 1785280 at http://www.wisebread.com It's the 21st Century — Why Is Your Money Stuck in the 20th? http://www.wisebread.com/its-the-21st-century-why-is-your-money-stuck-in-the-20th <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/its-the-21st-century-why-is-your-money-stuck-in-the-20th" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_friends_piggy_bank_74667997.jpg" alt="Woman learning why her money is stuck in the 20th century" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>If you read financial advice these days, you could be forgiven for checking the date to see if you'd wandered back into the 1990s (or 1970s).</p> <p>What was good advice for the 20th century? Go to the best college you can, get a good job, live frugally, save and invest, buy a house, and max out your retirement savings.</p> <p>But all that generic financial advice of the 20th century isn't necessarily the surest route to success anymore. Millennials figured this out a while ago. That's why so many aren't bothering with college, why so many are living at home with their parents, and why so many are getting by with casual jobs &mdash; or no jobs.</p> <h2>Smart Moves for the 21st Century</h2> <p>So, what's the right financial advice for the 21st century? Well, Millennials' instincts aren't wrong. But these are hard waters to navigate purely on instinct. Here's what I'd do.</p> <h3>It's Not &quot;Don't Go to College&quot;</h3> <p>Rather, it's &quot;Don't <em>go into debt</em> to go to college.&quot;</p> <p>Even that is a bit extreme, because there are career paths &mdash; engineering, technology &mdash; where you can earn enough to pay off student loans. It would probably be even better to say, &quot;Keep your student loans small, relative to your prospects of paying the money back.&quot;</p> <p>In particular, don't pay up to attend a mid-tier college. In the 20th century there was real ROI in going to the best college you could get into. In the 21st century, I think that's only true at the top. If you can't get into (or afford!) one of the absolute top colleges, there's no reason to pay extra to attend a second-tier college. The cost-benefit ratio shifts strongly in your favor if you do a couple of years at community college and then finish your degree at a good state school. Of course if your family is rich or you can get excellent scholarships, there's no reason not to go to a second-tier college &mdash; just not if you have to borrow extra to do it.</p> <p>Even if you can get into a top-tier college, consider whether its cost is justified. Will your degree ensure a job upon graduation, or result in better-compensated roles than you might otherwise have access to? Will it make entry into a graduate program of your choice easier? Will it materially benefit your intended life path in some way?</p> <h3>It's Not &quot;Live at Home With Your Parents&quot;</h3> <p>Rather, it's &quot;Live a lifestyle you can really afford, <em>even if that means</em> living at home with your parents.&quot;</p> <p>Do not go into debt to support your lifestyle! In fact, you'll be way ahead of the game if you can start accumulating <a href="http://www.wisebread.com/on-the-importance-of-having-capital">a little capital</a>. Even just a <a href="http://www.wisebread.com/figuring-the-size-of-your-emergency-fund">small emergency fund</a> can make your life enormously better.</p> <p>Other sorts of debt may not be as bad as student loan debt (which can't be discharged even in bankruptcy, and which lenders will give you even if your planned course of study gives you no hope of ever paying it off), but that doesn't mean the other sorts are okay.</p> <h3>It's Not &quot;Work Casual Jobs&quot;</h3> <p>Rather, it's &quot;Find a way to support your low-cost lifestyle, <em>even if all you can get</em> are casual jobs.&quot;</p> <p>There are all kinds of ways to make money. There are good jobs, there are crappy jobs, there are <a href="http://www.wisebread.com/15-ways-to-make-money-outside-your-day-job">side gigs</a> of all sorts. The key is to fund your lifestyle (plus a little extra).</p> <p>In today's economy there are times and places where crappy jobs are all you can get. That's unfortunate.</p> <p>Also unfortunate is that so many people writing about &quot;kids these days&quot; don't see that <em>these two items are paired</em>. Millennials are (very wisely) matching lifestyle choices with income opportunities, while journalists (and even financial advisers) are pretending that these two things are independent of one another.</p> <h3>All the Other Generic Financial Advice</h3> <p>Investing used to be easy.</p> <p>From around 1980 through the end of the 20th century, just about any mix of cash, bonds, and stocks purchased through low-cost index funds would yield several percentage points above inflation, letting anybody be an investing super-genius.</p> <p>Housing prices didn't go up in a straight line through the whole period, but between the tax advantages of homeownership and the leverage of mortgages with a low down payment, as long as you didn't pay too much, anybody could have both a home <em>and </em>a valuable capital asset.</p> <p>Because none of this stuff is true any more, investing is now really hard.</p> <p>The return on cash has for years been so close to zero as to be not worth worrying about. Bonds, stocks, and real estate are all up so much since the crash that they're probably a lousy place to invest new money.</p> <p>None of which is to say that you shouldn't be frugal and accumulate some savings, but doing so will not be the path to wealth this century that it was last century.</p> <p>That means that we need to look someplace besides the 20th century for financial advice. And for that, I have an idea.</p> <h2>Look to Earlier Centuries</h2> <p>The 20th century was genuinely different. For about two generations &mdash; the generation that fought World War II and the Baby Boomers &mdash; we had a unique set of circumstances that made it possible to work for a paycheck and eventually, before you got too old to work, get rich.</p> <p>Until then, for all of human history, there were only two paths to wealth: You could inherit wealth, or you could achieve wealth through some sort of risk-taking endeavor (entrepreneurship, speculation, etc.).</p> <p>Those unique circumstances no longer apply, and because of that, the best place to look for strategies for the future is to look at the strategies that worked before the 20th century. The 17th, 18th, and 19th centuries will provide fertile ground. Things that worked then are going to work <em>better </em>going forward than reflexively copying what worked in the 20th century.</p> <p>Perhaps financial professionals can be forgiven for not having figured this out &mdash; the whole financial industry is a product of the 20th century.</p> <p>I have a book of financial advice from 1883 called <a href="https://www.amazon.com/Worth-Wealth-Collection-Miscellanies-Merchants-ebook/dp/B0071IGXEG">Worth and Wealth</a> by T.L. Haines. It's a fascinating book. Much of it reads exactly like personal finance advice from today (minus any high-tech stuff like automating your bill paying) &mdash; getting an education, finding a job, living frugally, and so on &mdash; except that it has nothing about what we would consider investing. There's nothing about stocks or bonds. Instead, there's <em>investing</em> the way it was done in prior centuries.</p> <h3>Buy Productive Land</h3> <p>Land was the basis of <em>all</em> wealth right up until the 19th century. In the old days it would have been land with crops or pasture, but rental property counts too. Of course, both running a farm and being a landlord are more like a second job than like passive investing. Speaking of which...</p> <h3>Invest in a Business</h3> <p>That is, invest in <em>your own</em> business.</p> <p>The sorts of paper investments &mdash; stocks and bonds &mdash; that did so well in the 20th century are not going to go away, and no doubt a lot of people will make a lot of money in the market. But I don't think we'll see a continuation of the days in which a simple diversified portfolio of stocks and bonds provided a safe, high return.</p> <p>Of course, running a small business is more like a full-time job than like passive investing. And that's my point. The right response now to any the article on investing for &quot;passive income&quot; is to shake your head and say, &quot;That's so last century.&quot;</p> <h3>Organize Like a Family</h3> <p>The idea of an individual person as the fundamental economic unit is an idea of the late 20th century. Before that the fundamental economic unit was the <em>family</em>.</p> <p>There are all kinds of advantages to organizing your economic life around a family with <a href="http://www.wisebread.com/strategies-for-households-with-more-than-one-adult">more than one adult</a>. It meshes especially well with the ideas I've already mentioned. Family members may work outside the family to bring in wages or a salary, but if there's family land or a family business, family members who lose their jobs can work them until they find a new job. That way the family still has some income and the family member has productive work to do.</p> <p>One mental model for this might be the big farm families of the 19th century, but I suggest that you think bigger. Model your home economy after the aristocratic families of the 18th century. Everyone can contribute. The most able can be given scope to vastly increase the family's wealth, while the young and the old and those who simply lack that spark can still contribute to (and share in) the family's success.</p> <p>If organizing like a family doesn't work for you, consider organizing like a tribe. It's probably an even better metaphor.</p> <h2>The Way Things Are Going to Be</h2> <p>In all these areas, I think that the Millennials' instincts have been pretty good, except that I think they've bought in on the 20th-century idea that the economic unit is the individual.</p> <p>That's understandable. It's an appealing model, one that gives maximum freedom with minimal responsibility &mdash; you're only responsible for yourself.</p> <p>Because of this, I worry that many of them, even those who are making the right moves on a piecemeal basis, have not figured out that the 21st century is going to look a lot more like the 19th and prior centuries than like the 20th.</p> <p>The choices that they make &mdash; in particular, the choice to live at home with their parents &mdash; show them instinctively moving in the right direction, but until they can correct their mental model, they're missing out on some useful perspective that history can provide.</p> <p>Look into how families organized their home economy before the 20th century. There's a lot of practical wisdom there.</p> <p><em>Where is your money &mdash; in the 20th century or the 21st?</em></p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fits-the-21st-century-why-is-your-money-stuck-in-the-20th&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FIt%2527s%2520the%252021st%2520Century%2520%25E2%2580%2594%2520Why%2520Is%2520Your%2520Money%2520Stuck%2520in%2520the%252020th-.jpg&amp;description=It's%20the%2021st%20Century%20%E2%80%94%20Why%20Is%20Your%20Money%20Stuck%20in%20the%2020th%3F"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/It%27s%20the%2021st%20Century%20%E2%80%94%20Why%20Is%20Your%20Money%20Stuck%20in%20the%2020th-.jpg" alt="It's the 21st Century &mdash; Why Is Your Money Stuck in the 20th?" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/its-the-21st-century-why-is-your-money-stuck-in-the-20th">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-8"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-millennials-have-changed-money-so-far">6 Ways Millennials Have Changed Money (So Far)</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-you-putting-off-these-9-adult-money-moves">Are You Putting Off These 9 Adult Money Moves?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-money-lessons-we-could-all-learn-from-dwayne-the-rock-johnson">6 Money Lessons We Could All Learn From Dwayne &quot;The Rock&quot; Johnson</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-millennial-money-habits-every-retiree-should-learn">6 Millennial Money Habits Every Retiree Should Learn</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-wise-tips-famous-ceos-would-give-their-younger-selves">8 Wise Tips Famous CEOs Would Give Their Younger Selves</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Lifestyle 20th century 21st century advice baby boomers business education family investing millennials property investing Mon, 05 Sep 2016 10:00:10 +0000 Philip Brewer 1785277 at http://www.wisebread.com How to Find the Best Back to School Sales http://www.wisebread.com/how-to-find-the-best-back-to-school-sales <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-find-the-best-back-to-school-sales" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/kids_back_to_school_68821847.jpg" alt="Kids finding the best back to school sales" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>It seems that just as you settle into your summer routine, the school supply signage and setups hit the stores. Every year the back-to-school supply lists seem to get longer, and that doesn't even include all of the new clothes and shoes you have to buy.</p> <p>Here are eight tips on how to find the best back-to-school sales. (See also: <a href="http://www.wisebread.com/23-relaxing-ways-to-enjoy-your-kids-first-day-at-school?ref=seealso">23 Relaxing Ways to Enjoy Your Kid's First Day at School</a>)</p> <h2>1. Let Other Sites Do the Work for You</h2> <p>You are only one person, so it will take you quite a while to track down the best deals from all local stores. Save yourself some time and sanity and rely on the expertise from other websites. Here are just a few to put on your radar.</p> <ul> <li><a href="http://www.passionforsavings.com/download-the-passion-for-savings-iphone-app/">Passion for Savings</a>: This site puts a lot of effort into collecting and laying out all of the back to school deals each week. There is even a free app that will keep you up to date on the sales.<br /> &nbsp;</li> <li><a href="http://slickdeals.net/">SlickDeals</a>: Just search &quot;back to school&quot; in the SlickDeals search bar for the best and latest deals.<br /> &nbsp;</li> <li><a href="https://app.flipp.com/">Flipp App</a>: The Flipp app has all of your local ads in one place. Flipp will also match up any coupon offers available. If your local Walmart or Target allow price matching of digital ads, the Flipp app will make price matching simple.<br /> &nbsp;</li> <li><a href="http://www.afullcup.com/">AFullCup</a>: This savings forum has many postings on deals, coupon matchups, clearance finds, and more for many popular stores.</li> </ul> <h2>2. Don't Do All of Your Shopping in One Place</h2> <p>Many parents will make the mistake of hitting up one store for a few loss leaders and then finish up their back-to-school shopping at that same store. School sales generally go on four to six weeks before most schools get back in session. This gives you multiple opportunities to shop just the loss leaders of most stores.</p> <h2>3. Max Out on Discounted Items</h2> <p>If one store has pencil boxes for a penny with a buy limit of four, then buy all four. Save supplies for the middle of the school year. Usually five months into the school year, school supplies could use a refresher. Replacing school items in December or January is a lot costlier, since there are no amazing sales.</p> <p>You can also donate extra school supplies to teachers, back-to-school drives, and even international charities. Inexpensive art supplies can be given as Christmas gifts or birthday gifts later in the year.</p> <h2>4. Price Match</h2> <p>Walmart and Target will price match most store competitors. Depending on your local Walmart or Target, you might need the store's physical ad to price match. Both stores will only price match items of the same name brand and the same quantity. For example, Walmart will not price match a deal on Target's Up &amp; Up glue nor will they price match a deal on a two pack of Sharpies if Walmart only carries Sharpies in a three pack. Walmart will also not price match rebates.</p> <p>Price matching at Walmart can help eliminate excessive trips to several stores. If you need a lot of a deal, you can also use Walmart to double or triple your deal. For example, if Staples has Kleenex on sale, and you want to stock up, you can get the maximum deal at Staples, and then price match the deal at Walmart to get even more. Since many cities have more than one Walmart nearby, you can even price match the same deal at a different Walmart.</p> <h2>5. Combine Coupons and Rebates</h2> <p>Check&nbsp;<a href="http://www.coupons.com/">Coupons.com</a> and&nbsp;<a href="http://coupons.target.com/">Target's coupons</a> for coupons on school supplies. You might even be able to combine Target's printable coupons with a Cartwheel offer or gift card offer.</p> <p>Don't forget to check out rebate apps such as <a href="https://ibotta.com/r/jcsgjbv">Ibotta</a> and <a href="https://www.checkout51.com/">Checkout 51</a>. When the back-to-school sales start, many bigger brands want to boost sales through rebates. (See also:<a href="http://www.wisebread.com/8-apps-that-actually-pay-you-to-shop?ref=seealso">8 Apps That Actually Pay You to Shop</a>)</p> <h2>6. Back-to-School Sales Are Not Just for Students</h2> <p>Even if you don't have students to shop for, the back-to-school sales are a great time to score deals on household items. Usually printer paper is inexpensive or free after a rebate. Many household cleaners and products are also highly discounted.</p> <h2>7. Don't Forget eBay</h2> <p>While eBay shouldn't be your first stop for pencils and glue, it can be a great way to save on expensive calculators and laptops. A new graphing calculator can cost over $100 in the store, but you can find that same calculator used for $40&ndash;$50 on eBay.</p> <h2>8. Hold Out for Clearance</h2> <p>After the back-to-school buying rush is over, stores are quick to put merchandise on clearance to make room for holiday items. Now is your chance to score character items or higher end items at a greater discount. You might even be able to score your child's wardrobe on clearance, since many stores will want to make room for winter gear.</p> <p>When your child is begging for the Avengers backpack or the Dory lunch box, tell them to wait and hopefully their favorite characters will be discounted a few weeks into September.</p> <p><em>How do you save during the back-to-school sales?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/how-to-find-the-best-back-to-school-sales">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-8-shopping-apps-thatll-actually-save-you-money-in-2016">The 8 Shopping Apps That&#039;ll Actually Save You Money in 2016</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-smart-ways-to-save-money-this-year-without-clipping-a-coupon">6 Smart Ways to Save Money This Year (Without Clipping a Coupon)</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-everybody-saves-during-back-to-school">8 Ways Everybody Saves During Back-to-School</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-more-apps-that-pay-you-to-shop">6 More Apps That Pay You to Shop</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-stores-with-the-best-price-matching">10 Stores With the Best Price Matching</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping apps back-to-school coupons deals education kids price matching retail school supplies seasonal Fri, 22 Jul 2016 09:00:11 +0000 Ashley Eneriz 1757095 at http://www.wisebread.com My 2016 Budget Challenge: Affording Education http://www.wisebread.com/my-2016-budget-challenge-affording-education <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/my-2016-budget-challenge-affording-education" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/000069492263.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p><em>[Editor's Note: This is another episode in Max Wong's journey to find an extra $31,000 this year. Read the whole series </em><a href="http://www.wisebread.com/topic/max-wongs-budget-0" target="_blank"><em>here</em></a><em>.]</em></p> <p>I am on the cusp of transitioning into a new dream career. Actually, two new dream careers. People keep approaching me for work as a documentary filmmaker and as an architectural photographer, so I have decided to take the leap and try to do both full-time for money. This is tremendously exciting and mind-numbingly scary for two reasons:</p> <p>First, I am old. Well, not old-old. I am 46. So, I am certainly young enough to start a second career. However, at 46, I am too old for a long educational track and too poor to get training for a career that leaves me saddled with student loan debt that then leaves me unable to save for retirement.</p> <p>Second, I will just say it: I am a luddite. In order to succeed as a documentary filmmaker and as a professional photographer, I have to learn how to use my motion picture camera and sound system, a film editing program, Lightroom and/or Photoshop, and a new digital camera system. And that's just what I have to learn <em>this year</em>. I basically have to go back to film school, but cram four years of learning into the next nine months.</p> <p>So how am I going to acquire all these new-fangled skills without breaking the bank or, more importantly, breaking my brain? Here's how I am cobbling together some quality learning on the cheap.</p> <h2>Finding a Mentor</h2> <p>If there is such a thing as a professional <em>meet cute </em>story, I have it. Last year, one of my favorite photographers started following me on Instagram and subsequently hired me to work as his sometime assistant.</p> <p>It is incredibly gratifying to have an artist, who I greatly admire, support me creatively, even if it comes in the form of terse texts such as, &quot;If you take that photograph now, I don't want to hear any whining from you about how sucky it is later.&quot; And, &quot;Do better.&quot; Because I know he is rooting for me to figure things out, it is easy to stay motivated and learn the technical side of photography, a process that involves failing repeatedly. To quote Henri Cartier-Bresson: &quot;Your first 10,000 photographs are your worst.&quot; With thousands of my worst photographs still untaken, I am glad that I have professional supervision and a safe space to crash and burn.</p> <p>In addition to the self-esteem boost, a good mentor just makes everything easier. For example, after reading through approximately 556,373 camera equipment reviews, I still could not parse out what gear to buy, so my mentor wrote me up a custom shopping list based on what he thought would work best for me creatively, financially, and physically. Not only did this take some of the stress out of buying $2,288.94 worth of photography equipment, but he ended up saving me hundreds of dollars.</p> <p>For example, the Arca Swiss Cube gear head is the industry standard for architectural photography. One of the reasons why my <a href="http://www.wisebread.com/my-2016-budget-challenge-why-i-need-to-find-31k-this-year" target="_blank">original gear budget</a> is $10,000 is because the Arca Swiss costs $1,600. My mentor owns several different gear heads. The one he recommended to me is the one he uses the most: a $300 model that was not mentioned in any of the reviews that I read. Because I have seen what he can do with a $300 gear head, I feel confident that I can do professional work with the same model and save $1,300.</p> <p>While mentors are always presented as white-haired, lions of industry (or Morgan Freeman) in films, I should point out that my photography mentor is actually younger than I am. Good teachers can be any age.</p> <h2>Interning</h2> <p>I am extremely pro-interning because it has worked well for me. I was hired as a film executive before I even graduated from film school. I never had to be an assistant or work in the mailroom, which are both standard entry-level film gigs. I graduated from college and the next day I went to work at my fancy production company job. I managed this feat by interning for a full year at the company that hired me. For them, it was just an internal promotion. I was already working 60 hours a week for them, so why not just pay me so I could afford better work clothes?</p> <p>Interning while you are in college has become a huge drag. You either have to find a paying internship, which really don't exist anymore in a lot of fields, or you have to work an internship for college credit, which means you have to pay tuition for a job your school probably didn't even get you. It's tough. However, interning as an adult post-graduation is way easier. Plenty of companies have rules against hiring unpaid students, but very few companies care if a &quot;grown up&quot; volunteers to work for free. Interning is a great way to learn the industry culture, network, and discover the skills you actually need for a specific job.</p> <p>I don't think of internships as just office jobs. In fact, I could probably <a href="http://www.wisebread.com/my-2016-budget-challenge-job-creation" target="_blank">invent an internship</a> in almost any industry that does not require safety certification or security clearance. In addition to interning for my photography mentor, I am currently interning with a master beekeeper. I help him schlep heavy equipment around a farm once a week, and in exchange he helps me level up on my beekeeping skills. I am currently learning queen rearing, so I can breed and raise my own queen bees to sell to other local beekeepers.</p> <p>For the record, I generally don't refer to my beekeeping arrangement as an internship. I am <a href="https://wwoofusa.org/about/" target="_blank">WWOOFing</a>, which sounds endlessly more &quot;authentic,&quot; &quot;artisanal,&quot; and fancy. Kinfolk Magazine should just interview me right now.</p> <h2>Hiring an Intern</h2> <p>I bought my parents their first Apple computer in 1999. When they crashed it the first time, they called me in a panic. Since this was before Apple stores were in every big city, they had no idea who could fix their computer. &quot;Pay the 12-year-old who lives down the street $40 to come over and show you how to fix your computer,&quot; I told them. &quot;Which 12-year-old?&quot; they asked. &quot;Any 12-year-old,&quot; I said.</p> <p>Like my parents, I am a digital immigrant, not a digital native. To this day, I am still more comfortable with analog technology than I am with the digital world. Just ask my editors at Wise Bread who are all half my age. I am clueless.</p> <p>Right this second I'm trying to learn how to use iMovie to edit my documentary. It is going very slowly. It is not as intuitive as I had hoped. Or, maybe I am just extra dumb at this.</p> <p>As luck would have it, my friend Cheryl called me the other day. She's trying to get a summer internship for her daughter who is applying to film schools in the fall. Could I use an intern on my current documentary? &quot;Does your kid know how to use iMovie?&quot; I asked. &quot;Oh, sure. But she mainly uses Premiere to edit at home and she uses Avid at school.&quot;</p> <p>Boom.</p> <p>I now have a 17-year-old summer intern who is going to sit with me and walk me through the editing process.</p> <p>See? Good teachers. Any age.</p> <h2>Visiting the Public Library</h2> <p>My friend Fareed is superhuman when it comes to Photoshop. Where did he pick up his mad skills? The Los Angeles Public Library. Apparently, you can access <a href="http://petapixel.com/2015/07/09/heads-up-you-can-access-lynda-lessons-for-free-at-some-public-libraries/" target="_blank">Lynda Lessons for free</a> at some public libraries. This is how I am going to learn Lightroom and Photoshop.</p> <h2>RTFM (Reading the Fricking Manual)</h2> <p>My new tripod has an instruction manual. I am reading it. My new gear head has an instruction manual. I am reading it. My new tilt-shift lens has an instruction manual. I am reading it. My borrowed camera body has an instruction manual. I am reading it, even though it is 260 pages long and in Spanish because my photography mentor misplaced the English instructions. Not that I am complaining as the photographs are in English and I am learning a lot of good vocabulary words in Spanish for free. So, bonus?</p> <p>I know. Reading the manual to learn how to use a machine seems like, well, obvi. But, apparently I am in the minority. According to a survey, 24% of women who call tech support hotlines in the United Kingdom have <a href="http://www.geek.com/news/study-says-64-of-men-dont-even-read-the-manual-before-calling-tech-support-969371/" target="_blank">never bothered to read the manual</a> before calling for help. And lest anyone believe that this is just a problem for women because we are mechanical simpletons who can't understand technology, that exact same survey found that 64% of men don't read the manual before demanding IT help.</p> <p>Of course, Americans are even stupider, or maybe just more stubborn than British tech consumers: <a href="http://www.engadget.com/2008/06/03/95-percent-of-all-returned-gadgets-still-work-americans-dont-r/" target="_blank">95% of gadgets</a> returned in the United States actually work.</p> <h2>Watching YouTube</h2> <p>Even though I am muscling my way through all the camera gear manuals, I am hating the experience. The diagrams leave a lot to be desired. Also, while paper manuals are very good at explaining how to use the various buttons and levers, text-based manuals are not good at explaining how to use the various buttons and levers to get the desired photographic image. Thank God for YouTube. Now I understand how to use my tilt-shift lens! Concepts that take 13 pages of explanation in the book, can be explained in one five-second close-up shot.</p> <p>While many YouTube instructional videos leave a lot to be desired in terms of production value, the sheer number of subjects covered make YouTube my first stop when I am trying to learn new, random skills. Do I have a Small Hive Beetle infestation in my beehive? Found a video on how to make a no-poison Hive Beetle death trap from an old CD case and vegetable oil. Did I make the disastrous decision to cut my own bangs without watching a YouTube bang-cutting video first? (Yes). Found a video on how to hide my bangs inside retro hair-dos while I grow them back out.</p> <h2>Reading the Comments</h2> <p>Fact: Reading Internet comments can be as pleasant as self-surgery. However, I often learn more from the comments on how-to blog posts than I do from the original article!</p> <p>Are you an autodidact? What tools do you use to learn new skills quickly? Please share in the comments section! I can use all the help I can get.</p> <h2>Progress Report</h2> <p>My husband managed to save $1,500 this month from his regular paycheck. (At this rate, I am going to have to change his nickname for this series from Mr. Spendypants to Mr. Saveypants). He also earned an additional $1,100 for creating all the original artwork for <a href="https://www.kickstarter.com/projects/gorillagames/desert-island-0" target="_blank">Desert Island</a>, a Kickstarter-funded card game.</p> <p>I am so relieved that the start date for my professional architectural photography job has been pushed back to May. After much discussion and contemplation, we decided that it would be better for me to purchase all the equipment I need for the job, with the exception of the camera body, so I could have a month to practice using all these tools. Also, although this is a big expense, it is cheaper to buy the basic tools needed for this job rather than rent. The total cost of camera equipment purchased this month: $2,288.94</p> <p><strong>Goal:</strong> $31,000.00</p> <p><strong>Amount Raised:</strong> $16,078.00</p> <p><strong>Amount Spent:</strong> $7,592.66</p> <p><strong>Amount Left to Go:</strong> $22,514.66</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/max-wong">Max Wong</a> of <a href="http://www.wisebread.com/my-2016-budget-challenge-affording-education">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/my-2016-budget-challenge-everything-breaks">My 2016 Budget Challenge: Everything Breaks</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/my-2016-budget-challenge-job-creation">My 2016 Budget Challenge: Job Creation</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/my-2016-budget-challenge-reduce-debt-or-save-for-an-emergency">My 2016 Budget Challenge: Reduce Debt or Save for an Emergency?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/my-2016-budget-challenge-three-lessons-about-saving-one-husband-learned-in-a-year">My 2016 Budget Challenge: Three Lessons About Saving One Husband Learned in a Year</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/my-2016-budget-challenge-what-to-do-with-a-totaled-car">My 2016 Budget Challenge: What to Do With a Totaled Car</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Education & Training budget challenge education max wong max wongs budget personal stories saving money Fri, 29 Apr 2016 10:00:09 +0000 Max Wong 1693275 at http://www.wisebread.com Here's How Spending 3% On You Will Advance Your Career http://www.wisebread.com/heres-how-spending-3-on-you-will-advance-your-career <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/heres-how-spending-3-on-you-will-advance-your-career" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000089208971_Large.jpg" alt="Spending on herself to advance her career" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Never underestimate the value of investing in yourself. Many professionals seem to miss out on the importance of it. People are more likely to treat themselves to a new outfit or a nice dinner out, but when it comes to increasing their knowledge and business skills, somehow there isn't room in the budget.</p> <p>Some of the most successful individuals in the business world believe in the power of investing in yourself. Brian Tracy,&nbsp;<a href="http://amzn.to/1qdHt4l">bestselling author of over 70 books</a>, said, &quot;Here is a rule that will guarantee your success, and possibly make you rich: Invest 3% of your income back into yourself.&quot;</p> <p>Similarly, Warren Buffett, one of the richest and most respected businessmen in the world, said, &quot;Investing in yourself is the best thing you can do. Anything that improves your own talents; nobody can tax it or take it away from you.&quot; (See also:&nbsp;<a href="http://www.wisebread.com/6-pearls-of-career-wisdom-from-brian-tracy?ref=seealso">6 Pearls of Career Wisdom From Brian Tracy</a>)</p> <h2>Does It Actually Work?</h2> <p>The idea of investing in yourself is not just motivational, business fluff. It truly can be the tool that helps you to make more and advance in your career. If you are constantly growing your skills in your field, you are constantly becoming more valuable in your field, and becoming an important asset for your company. Your employer will want to pay their top employees more, and if they don't, another company surely will.</p> <p>Asking for promotions or getting hired in a better paying position is easier to do with more experience and knowledge you gain. A common misconception is that your college degree is all you need to succeed. If you earn your degree and secure a good position, then you cannot just rely on experience alone to move you up the ranks. In fact, you might get passed up by younger professionals who have more up-to-date training.</p> <p>On a personal note, my husband has been pursuing a degree over the past few years and has earned several IT certifications. Similarly, his salary has increased over $20,000 in those three years. I truly believe my husband's increased salary is directly related to investing his time and money to learn as much as he can. Not only has he become more knowledgeable, but he has also become more confident in his craft.</p> <h2>How Much Should You Invest?</h2> <p>There is no set rule of how much you should invest, but Brian Tracy's idea of 3% of your income is a good principle. Of course, you can always invest more. Some companies even offer reimbursement for tuition and certifications, making it easier to invest the 3%.</p> <p>How much is 3% to the average professional? If you earn $55,000, you should aim to invest $1,650 back into yourself each year, or $137.50 each month. That may seem like a daunting number if you are on a tight budget, but if you are able to earn $58,000 the following year, you will have almost doubled your investment.</p> <h2>Knowing What to Invest In</h2> <p>You should invest in building the knowledge and skill set that will get you to your next promotion or pay raise. Don't make the mistake of investing in the next big, profitable thing. For example, when real estate was a hot market before the crash in 2007-2008, it seemed like everyone was a real estate agent on the side. When the real estate market crashed, many professionals were safe because they had their full-time jobs, that was completely unrelated, but they had spent all of their time learning to be real estate agents, rather than growing in their full-time field.</p> <p>If you are not sure what certificates, training, or education you should invest in, think about the position in your company that you would like to have. The next step is to ask coworkers in that position what special training and certificates they have. If possible, ask your boss what is needed to move up to the next position in your company. If those two suggestions do not work, look at job listings for positions you would like to have. What are the qualifications needed and desired?</p> <h2>Ideas for Investing in Yourself</h2> <p>Here are just a few self-investment ideas, and how to grow your knowledge and experience:</p> <ul> <li>College degree;</li> <li>Certifications;</li> <li>Seminars and workshops;</li> <li>Books;</li> <li>One-on-one consulting with top experts in your field;</li> <li>Classes and courses in related business areas, such as social media marketing, communication, productivity, and accounting.</li> </ul> <p>Investing in yourself doesn't just stop with learning new skills, though. Improving your physical and mental health will directly affect your workplace performance. Investing in areas that inspire your creativity, such as learning a new language or taking a graphic design course, could also put you ahead at work. (See also:&nbsp;<a href="http://www.wisebread.com/11-ways-a-second-language-can-boost-your-career?ref=seealso">11 Ways a Second Language Can Boost Your Career</a>)</p> <p>If you want to grow in your career, then you have to grow as a person. Make yourself a valuable employee at your company by developing expert skills that set you apart from the rest of your coworkers.</p> <p><em>How do you invest in yourself each year? Have you seen a difference in your income?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/heres-how-spending-3-on-you-will-advance-your-career">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-places-to-find-cheap-or-free-education">6 Places to Find Cheap (or Free!) Education</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-succeed-as-an-online-student">How to Succeed as an Online Student</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-fun-games-that-make-you-smarter-too">11 Fun Games That Make You Smarter, Too</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-45-brilliant-career-tips-for-introverts">Flashback Friday: 45 Brilliant Career Tips for Introverts</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/you-are-what-you-do-16-ways-to-improve-your-body-language">You Are What You Do: 16 Ways to Improve Your Body Language</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Personal Development education extra income invest make more money professional growth training Thu, 14 Apr 2016 09:30:24 +0000 Ashley Eneriz 1689531 at http://www.wisebread.com 7 Lessons I Learned About Money After Living in Mexico http://www.wisebread.com/7-lessons-i-learned-about-money-after-living-in-mexico <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-lessons-i-learned-about-money-after-living-in-mexico" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_world_traveler_000051400400.jpg" alt="Woman learning money lessons after living in Mexico" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Commercial trade between the United States and Mexico is very important for both nations.</p> <ul> <li>Just in January 2016, the United States <a href="https://www.census.gov/foreign-trade/balance/c2010.html">exported $18 billion</a> in goods to Mexico.<br /> &nbsp;</li> <li>An estimated one million American citizens <a href="http://www.state.gov/r/pa/ei/bgn/35749.htm">live in Mexico</a>.<br /> &nbsp;</li> <li>In 2013, over 20 million U.S. tourists visited Mexico and over 14 million Mexican tourists visited the U.S., spending about $10.5 billion.</li> </ul> <p>For three years, I had the wonderful opportunity to experience what it is to live in Monterrey, Mexico and learned several important financial lessons that I apply here in the United States. Here are the seven lessons about money that I learned after living in Mexico.</p> <h2>1. Invest in a College Degree</h2> <p>Founding Father Ben Franklin said it best: &quot;An investment in knowledge pays the best interest.&quot;</p> <p>My bachelor&rsquo;s degree allowed me to land a teaching job at Prepa Tec, the high school system of the Tecnologico de Monterrey university system, which included a fully-funded sponsorship to complete a master&rsquo;s degree in Education. I was able to complete a postgraduate degree with zero debt and boost my future earnings potential.</p> <p>Given that the Millennial generation is much more interested in traveling abroad than older generations, I would advise my peers to invest in a college degree to combine a passion for travel with the opportunity to earn money. (See also: <a href="http://www.wisebread.com/the-3-best-jobs-for-expats-and-travelers?ref=seealso">The 3 Best Jobs for Expats and Travelers</a>)</p> <p>It's worth mentioning that having at least a bachelor's degree <a href="http://www.usnews.com/education/best-colleges/articles/2011/08/05/how-higher-education-affects-lifetime-salary">increases your lifetime earnings</a> by $1 million over those from folks with just a high school diploma, and increases your <a href="http://www.cdc.gov/media/releases/2012/p0516_higher_education.html">chances of better health</a>, too.</p> <h2>2. Keep an Eye on Other Currencies</h2> <p>While living in Mexico, I had to keep a close watch on the U.S. dollar-Mexican peso exchange rate for several reasons. For one, I still had a checking account back in the U.S. and crossed the border several times for shopping and tourism. After a couple months of tracking this number, I learned how to simultaneously buy and sell currencies in order to profit from a difference in the price (also known as &quot;arbitrage&quot;).</p> <p>By keeping an eye on foreign currencies, you may be able to take advantage of many financial opportunities. For example, for the past two years, the U.S. dollar has appreciated against several currencies, including the Brazilian real, the Chilean peso, and the euro, making your foreign vacation plans much more affordable.</p> <h2>3. Review Your Employer's Benefits Package</h2> <p>Working for an educational institution may not sound as sexy as working for a hot startup. However, in my case, it offered me comparable benefits and perks. Established in 1943, the Tecnologico de Monterrey has over 30 campuses in Mexico and 13 campuses abroad. The size of this institution allows it to broker great deals for its employees, including layaway programs, discounts at retailers, and financial services at better rates. I had access to all gyms in the six campuses in Monterrey and was able to purchase a laptop at a discounted price through an automatic payroll deduction program.</p> <p>Don't underestimate the ability of your employer to provide you better benefits and take a second look at what you're currently being offered. For example, your employer may provide you an online portal for discounted goods and services, such as electronics and travel options or individual investment advice offered on a one-on-one basis through your retirement plan. Particularly, take ownership of your retirement planning because nearly half of 401K plan owners don't know what their best investment options are.</p> <h2>4. Check the Fine Print on All Your Contracts</h2> <p>A credit card agreement, cell phone plan, or other type of contract can go further than you think. While living in Monterrey, I met several U.S. expats that would still use the same credit cards, cell phone plans, or insurance plans from across the border for several reasons. Here are some examples:</p> <ul> <li>Certain credit cards charge <a href="http://www.wisebread.com/smarter-security-and-no-foreign-transaction-fees-the-best-credit-cards-to-use-while-on-vacation">no foreign transaction fees</a>.<br /> &nbsp;</li> <li>Other credit cards offer <a href="http://www.wisebread.com/how-to-take-advantage-of-free-extended-warranty-from-your-credit-card-issuer">free extended warranties</a>.<br /> &nbsp;</li> <li>Most monthly AT&amp;T Go-Phone plans include unlimited text messaging from the U.S. to <a href="https://www.att.com/shopcms/sharedcontent/en/legal/WirelessOffers/PlansServicesFeatures/GoPhone/gophone_internationallongdistancelander/jcr:content/desktoplegal/legalsharedcontent.modal.html">over 100 countries</a>.<br /> &nbsp;</li> <li>Most primary auto insurance policies cover your rental vehicle up to the limits of your policy.<br /> &nbsp;</li> <li>What's not covered through your primary car insurance, such as deductibles and loss-of-use charges, may be picked up through the <a href="http://www.wisebread.com/what-does-car-rental-insurance-really-cover-on-your-credit-card">secondary coverage of your credit card</a>.</li> </ul> <h2>5. File Your Taxes When Living Abroad</h2> <p>If you were to choose to live in Mexico for three years like I did, your entire family would miss you a lot, particularly your good ol' Uncle Sam. He'd miss you so much that he'd ask you to still check in with him every year. Yes, all U.S. citizens and green card holders are still liable to file their federal tax returns, even when abroad.</p> <p>Your worldwide income is subject to U.S. income tax, regardless of where you reside. The good news is that the IRS grants U.S. citizens and resident aliens living outside of the United States and Puerto Rico an <a href="https://www.irs.gov/Individuals/International-Taxpayers/U.S.-Citizens-and-Resident-Aliens-Abroad---Automatic-2-Month-Extension-of-Time-to-File">automatic two-month extension</a> to file their return (June 18th in 2016). The bad news is that you would still pay interest on any tax not paid by the regular due date of your return (April 18th in 2016). (See also: <a href="http://www.wisebread.com/filed-an-extension-heres-what-you-need-to-know?ref=seealso">Filed an Extension? Here's What You Need to Know</a>)</p> <p>Because many countries have tax treaties with the U.S., research for applicable treaties, including tax exemptions for certain professions.</p> <h2>6. Make Your Air Miles Go the Extra Mile</h2> <p>Before I moved to Mexico, I had accumulated a lot of reward miles &mdash; but I had been unable to use them, because of various restrictions and confusing terms. So frustrating!</p> <p>In Mexico, the process was a lot simpler, and I soon realized how much further I could travel with my existing air miles within Mexico and to South America. I was able to score a trip from Monterrey, Mexico to Guayaquil, Ecuador (roughly the same distance as a flight from New York to Seattle) for far fewer points for an equivalent trip within the U.S. (See also: <a href="http://www.wisebread.com/travel-perks-you-didnt-know-your-credit-card-had?ref=seealso">12 Travel Perks You Didn't Know Your Credit Card Had</a>)</p> <p>And there's more. You can also redeem frequent flier miles for additional items, including car rentals, hotel stays, magazine subscriptions, and VIP experiences.</p> <h2>7. Seek Additional Sources of Income</h2> <p>Before living in Mexico, I had a very traditional view on work: You only have one full-time job. Through my work at Prepa Tec I quickly discovered that lots more opportunities were available to me:</p> <ul> <li>My native proficiency in Spanish allowed me to translate a couple of course materials at the college level to English;<br /> &nbsp;</li> <li>My presentation skills enabled me to become an instructor for a graduate level admissions exam; and<br /> &nbsp;</li> <li>My computer skills turned out to be great assets to create music sequences for an electro pop band!</li> </ul> <p>While it may be counterintuitive, people with higher levels of education are more likely to <a href="http://www.usatoday.com/story/money/business/2014/01/21/states-people-working-two-jobs/4719485/">have multiple jobs</a> than those without. For those who aren't able to get a raise, or got the average 3% salary bump, or are looking to boost their budget or savings, secondary sources of income are a good idea. With the rise of the gig economy, there are many ways to <a href="http://www.wisebread.com/13-ways-to-make-money-online-that-arent-scams">make money online</a> that are absolutely legit, including driving your car for Uber or Lyft or becoming a virtual assistant for Zirtual or Fancy Hands.</p> <p><em>What money lessons did you learn after living abroad?</em></p> <h2 style="text-align: center;">Like this post? Pin it!</h2> <p>&nbsp;</p> <p style="text-align: center;"><a href="//www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F7-lessons-i-learned-about-money-after-living-in-mexico&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F7%20Lessons%20I%20Learned%20About%20Money%20After%20Living%20in%20Mexico.jpg&amp;description=7%20Lessons%20I%20Learned%20About%20Money%20After%20Living%20in%20Mexico" data-pin-do="buttonPin" data-pin-config="above" data-pin-color="red" data-pin-height="28"><img src="//assets.pinterest.com/images/pidgets/pinit_fg_en_rect_red_28.png" alt="" /></a> </p> <!-- Please call pinit.js only once per page --><!-- Please call pinit.js only once per page --><script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script></p> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/7%20Lessons%20I%20Learned%20About%20Money%20After%20Living%20in%20Mexico.jpg" width="250" height="374" alt="" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/7-lessons-i-learned-about-money-after-living-in-mexico">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/retire-for-half-the-cost-in-these-5-countries">Retire for Half the Cost in These 5 Countries</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-places-to-get-free-personal-finance-classes">10 Places to Get Free Personal Finance Classes</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-almost-anyone-can-afford-to-retire-in-mexico">How Almost Anyone Can Afford to Retire in Mexico</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-personal-finance-books-you-should-read">6 Personal Finance Books You Should Read</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-use-the-holidays-to-teach-kids-about-money">How to Use the Holidays to Teach Kids About Money</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Travel air miles education extra income foreign countries living abroad mexico money lessons Thu, 31 Mar 2016 09:30:30 +0000 Damian Davila 1678004 at http://www.wisebread.com 6 Places to Find Cheap (or Free!) Education http://www.wisebread.com/6-places-to-find-cheap-or-free-education <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-places-to-find-cheap-or-free-education" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000081164455_Large.jpg" alt="looking for free or cheap education" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>You have no skills, and no experience. Nightmares of a life cooking fries at a fast food chain weave in and out of your dreams. But don't give up yet. There is an escape from your fry-littered nightmares. Education can be the golden ticket that jumpstarts a lucrative and fulfilling career as a corporate manager, editor, or web developer.</p> <p>Let's stop for a moment before you rush headlong into a student loan nightmare. While college can equip you with useful skills and certifications, the high cost of education has led to a&nbsp;<a href="http://www.wisebread.com/5-sobering-facts-about-student-loan-debt">student loan crisis</a>. For those who choose to enter public service careers, student loan debts can be forgiven. For everyone else, you might want to consider that some high-paying companies&nbsp;<a href="http://www.theguardian.com/books/2016/jan/18/penguin-ditches-the-need-for-job-seekers-to-have-university-degrees">no longer require a college degree</a> as an application requirement.</p> <p>Here are other ways to continue your education without spending much &mdash; or any &mdash; of your hard-earned money.</p> <h2>1. Podcasts</h2> <p>Seek out educational podcasts on topics that could potentially help you find a job down the line. Colleges like Stanford, Oxford, and Yale create recordings of their professor's lectures and post them online for free. You can find a large collection of free podcasts in the iTunes U portion of the iTunes store.</p> <h2>2. Free Educational Videos and Lectures</h2> <p>Not fond of just hearing a voice drone on about this war or that economic concept? Rather than listening to podcasts, you might want to try to locate educational videos. These are excellent for the more visual learners out there.</p> <p>Recently, I started listening to lectures by famous fantasy novelist and Professor&nbsp;<a href="https://www.youtube.com/playlist?list=PL2FCD81A6FE4280AC">Brandon Sanderson on YouTube</a>. It's a great alternative to taking a formal writing class.</p> <p>Informative webinars like TedTalks can also be found on a variety of educational topics. You might also find webinars with professor guest speakers on the resources pages of university websites. In fact, Pepperdine University has some&nbsp;<a href="http://mbaonline.pepperdine.edu/resources/videos-webinars/">great webinars</a> presented by their professors on business topics like company culture and big data.</p> <h2>3. Training and Learning Websites</h2> <p>Web development, freelance writing, and a variety of careers require the individual to develop specific skills. In order to help individuals acquire those skills, free educational websites have been created.</p> <p>Codecademy offers free interactive HTML and web development courses. With determination, hard work, and access to a computer, you can quickly acquire the skills to land a job in tech.</p> <p>Freelance and writing blogs offer informative guides to help you learn to write high quality articles for various news outlets and websites. They also tend to write guides on how to find freelance gigs, how to approach editors, and how to utilize marketing to find success.</p> <h2>4. Audit or Sit In on College Courses</h2> <p>Want to take a class, but lack the funds? Auditing or sitting in on a course might be a good alternative.</p> <p>With auditing, students are required to attend class, do non-graded work, and the course audit goes into a student's official transcript. Some universities do charge a fee for the ability to audit a class, so make sure to check that before showing up.</p> <p>Sitting in on a class allows a student to attend the class without paying a fee. The student will probably need to attend regularly and complete all non-graded work. You will need to check with the college and professor first about a sit-in possibility.</p> <h2>5. The Global Freshman Academy</h2> <p>Recently, Arizona State University created a series of online courses called&nbsp;<a href="http://asuonline.asu.edu/about-us/newsroom/asu-and-cerego-partner-power-personalized-learning-environments-global-freshman">The Global Freshman Academy</a>. The academy allows individuals to take their freshman courses with only a $45 processing fee. It's essentially a way to audit educational courses. If at the end of the semester, the student passes the course and they wish to earn the credits, the student can choose to pay for the credits. Whether or not you plan to attend college, it's a cost-effective way to gain knowledge and dip your toes into higher education.</p> <h2>6. Tuition Assistance Programs</h2> <p>If you dream of a profession that requires a college degree, your best bet might be to apply for a job that has a tuition assistance program. In order to retain employees for a longer period of time, many businesses offer to pay for a portion of a student's educational fees. If you have to work at a retail or food service job, you might as well make it one that will help you acquire an education.</p> <p><em>Have you scored any cheap or free education? Share with us in the comments! </em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/samantha-stauf">Samantha Stauf</a> of <a href="http://www.wisebread.com/6-places-to-find-cheap-or-free-education">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/these-17-companies-will-help-you-repay-your-student-loan">These 17 Companies Will Help You Repay Your Student Loan</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/college/college-resources">40+ College Resources for Parents and Students</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-you-didn-t-learn-in-college-but-you-should-have">10 Things You Didn’t Learn in College (but You Should Have)</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-get-student-loan-debt-forgiveness">8 Ways to Get Student Loan Debt Forgiveness</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-creative-uses-for-a-529-plan">5 Creative Uses for a 529 Plan</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Education & Training cheap classes college education free education training videos Mon, 14 Mar 2016 10:30:11 +0000 Samantha Stauf 1671107 at http://www.wisebread.com