Cash Employees

The new year is in full swing which is always a good time to review your finances from beginning to end, from spending to saving--and especially when living of borrowed debt.

One of the most important lessons I learned early on in my financial education was to have my money work for me rather than the other way around!

Check out the post 'Cash Employees' on Cool Campus Living on some of these matters!

Lemonade Stand And College Financing

Even if you are already into college full swing I thought this article from The Empowered Dollar Blog on creative ways to enhance your college funding might be useful for some of you.

http://www.empowereddollar.com/start-a-conversation/lemonade-stand-economics/

Teaching kids to be financially aware is not something our nation does very well, in fact we promote quite the opposite:
- "put it on plastic"
- "spend because you deserve it"  
- "you had a rough day"
- and whatever else we convince ourselves with that the burden of debt we are about to purchase won't matter.

But it does.
When you are in debt someone and money owns you, your time, your decisions, your lifestyle until that debt has been paid. I don't know alot of people who like to being "owned", but that is exactly what debt does--it owns you and ability to choose.

Get into the mindset that your money should always be working for you:
--gaining interest
--gaining knowledge
--increasing in value
--removing debt
--making more money.  

If you find yourself living from paycheck to paycheck then consider yourself officially employed by money rather than the other way around.

Instructions:
--Educate yourself.
--Quit spending 
--Take a finance class
--Look into Roth IRA's.
--Learn about investing.
--Ask for advice
--Make a budget.
--Look at your expenses 
--Look at your skills, talents.



Resources:
-Rich Dad Poor Dad by Robert Kiyosaki
-Bookstore
-Suze Orman
-David Bach
-Jim Cramer