Disclaimer: Good Day, Readers.  The WealthBuildingPowers blog is a financial literacy and competency blog, and it does not provide specific investment recommendations.   When I told my mom I wanted to be a photographer instead of going to college, she didn't miss a beat: "Styron, you're a good photographer. Be one—after you get a degree and a job." This wasn't a warm hug of support. It was a military-grade directive. I saluted and ...
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Disclaimer: Good Day, Readers.  The WealthBuildingPowers blog is a financial literacy and competency blog, and it does not provide specific investment recommendations.  Prefer audio - click below. First Question The first question: Do you need to attend a four-year college?  Many people complete college, and their job prospects are often similar to those of a high school graduate.  Others drop out, saddled with tens of thousands of dollars in debt and nothing else to show for ...
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I worry about the younger generation facing mounting college loan debt. Many failed to earn a degree, or worse, graduated with an almost meaningless piece of paper that yields jobs paying less than Amazon warehouse employees..Â
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40% of those who start college don't finish and that 40% of the recent college graduates work in jobs not requiring a degree. Â
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Some of my friends and family learned trades to achieve their financial freedom. In comparison, my brother and I used college to achieve our financial freedom. The choice was ours!
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I consider the Roth IRA one of the best available financial and investment tools. Saving in a Roth IRA early was one of my best decisions!
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STOP DESTROYING YOUR LIFE! - GET OUT OF THAT DAMN HOLE!
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BEST WEDDING PRESENT! This weekend we are attending the wedding of my college best friend, Clifton’s son. The couple will have college loans as the bride is currently in Medical School. As parents, Clifton and I ponder the choice of paying for an expensive wedding versus INVESTING IN YOUR FUTURE. And as two financially conservative men, we advise reducing the wedding size and cost and investing the money. AVERAGE ...
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DeVos Makes Case for Alternatives to 4-Year College I have written on the unsustainable cost of college previously. This post shares a recent Wall Street Journal Article on the topic. Ms. DeVos nails it when she discusses the lack of financial literacy. Both students AND PARENTS must become more financially literate. Enabling better decision-making and avoiding a life time of UNNECESSARY DEBT. The cost of college is unaffordable for average American ...
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