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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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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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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Can you answer these six basic financial questions? Most people answer only two questions correctly. Let's see how well you do. Basic Financial Literacy Questions These six questions on credit history, net worth, interest rates and student loans were developed by Annamaria Lusardi, Director of the Global Financial Literacy Excellence Center (GFLEC) at The George Washington University. They were included as part of a survey conducted by education company, EVERFI, which found in prior research ...
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https://www.purdueexponent.org/campus/article_4e72cfe6-33b5-11e9-b20b-f32cccc069cf.html Purdue University President Achieves Fiscal Responsibility The freeze continues — Purdue President Mitch Daniels announced Monday that the 2012 tuition freeze will continue for the eighth consecutive year. In addition to the freeze, all West Lafayette campus staff with an income of $75,000 or less that have been employed as of Dec. 31 will receive a $500 appreciation payment this spring.  The tuition freeze means that six graduating classes have now gone ...
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For the past ten years, inflation has averaged less than two percent with two exceptions:  Health Care (~six percent) and College Tuition (~eight percent).  An eight percent college inflation rate means the cost of college doubles every nine years. Think of it this way, if your 18-year-old daughter enters a State University in 2019, you/she will pay over $100,000.  If nine years later your nine-year-old son decides to attend college, you/he will pay ...
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