Writing about personal finance and career insights that impact the millennials and Generation-Z.
9 Terms Borrowers Need to Know
One of the biggest, and highly alarming, financial woes that impact the United States is the state of the interest-grappling student loan national debt. Since the start of the COVID-19 pandemic, student loan payments have been one of the most difficult payments to provide for.
Ownership vs Flexibility
Last month, I had the chance to read up on the latest CNBC's Make It series where they featured a 40-year old Millennial, Travis Jang-Busby, and how he maneuvers life being a husband, father, the owner of a $450,000 home, lawyer, and $150,000 student debt all around him. On the other side of the renting vs ownership spectrum, 35-year old customer relations specialist, Andres Moringo, who makes over $200,000 a year, is a proud renter who says owning a home doesn't make sense unless you plan to build a life in the neighborhood of that home. I thought this article was an important piece due to the spectrum of where Millennials are in terms of their financial wealth and living arrangement.
OH, IT'S STIMMY TIME!
It's March 17, 2021, and you just received your 3rd stimulus check, courtesy of the $1.9 trillion stimulus package signed by President Biden. Now that you have some cash in your pockets, what should you do with it? Save? Invest? Pay off debt? Donate? The options depend on the current state of your financial health is. Here are some of my recommendations on what actions you can take with your stimulus money:
Are You a Financial Deadbeat?
Now, I know you saw the title and went, "Is the writer talking about when a parent chooses to not support their child?" Readers, I am not discussing that kind of deadbeat lol. Instead, I am talking about a term a creditor will use when someone pays off their credit card before interest can take effect. Why are they called deadbeats? Is it bad to be a deadbeat? Will being a deadbeat decrease my chances of being approved for another credit card?
My Money Optimization
The science of money and everything that is influenced by money is what inspired me to study finance in my MBA program. Money makes the economy go in cycles. It determines the quality of life that you have now or will have in the future. People who are not financially endowed, have to make moves to increase their pockets. The questions you may find yourself asking: How can I optimize my money? How can I stay motivated while completing a financial goal?
Pros & Cons
The year 2020 has made people realize that achieving career success is not limited to one way of being a professional. However, let's not count out traditional working as obsolete. Career fulfillment is subjective. There are different pathways to achieving your professional goals. By how can it be achieved for you? Should you continue pursuing a regular 9-5 job that offers you a little bit more stability? Or will you take the chance on working in the freelance/gig business?
The biggest challenge the 'ennials'(Millennials and Gen-Z) are facing: MONEY!!!! The money supports how we live, spend, eat, save, and sadly, paying those gut-wrenching bills. However, due to the economic landscape 'ennials' have experienced, the opportunity to have the money for all of those activities is scarce. There are many opportunities to make money work for you, however, for this post, we will be introducing the basics of the term: MICRO-INVESTING!
Making Gen-Z Money
LISTEN UP! Let’s talk about the insecurity we feel when preparing for adult life, with no guarantee if we'll have a decent earning wage. Why is it that the federal minimum wage has not changed in over 10 years? Or in order to get a quality apartment, you need to come up with at least $1200 every month? How about a college student having to settle for crumb pay while trying to juggle school, orgs, career prep, health, family, and friends? See where I'm going with this?