No matter how old you are, one of the most important things you can do NOW is to start tracking your expenses. To be a FREAK, you should begin tracking EVERY dollar you spend now. And here is the ultimate guide on how to do just that.
In the previous two posts, 4 Ridiculously Easy Steps Olivia Took to Open Her First Checking Account and 7 Kick-Ass Habits Olivia Uses to Effortlessly Manage Her Checking Account, we looked at many aspects that helped Olivia open and manage her first checking account.
In our last post, we looked at how Olivia opened her first checking account in the best way possible. Here, we will look at how she is killing it by managing her account like a Freak.
This post will explain how Olivia opened her first checking account. She did everything right and is now using that account to start down her road to financial independence.
Saving money is something most young people struggle with. But to save money in college or in high school is vitally important to your future. This article introduces you to the basics of frugality and gives some specific ideas to save money now.
Most people consider all assets the same. They define an asset as follows: “Something one owns that has monetary value.” This definition is widely recognized and accepted. Using this definition, you could make a list of the many assets you own.
Let me introduce you to my friend Craig Curelop. I met him at a real estate meet up. His story is quite impressive but, at the same time, absolutely repeatable by you. His story was so notable that I invited him to speak to my students, and he’s been willing to do so on many occasions.
First off, it’s not a race. Please don’t go to your parents and say, “I bet I can retire before you!” But if this idea sounds attractive or appealing to you, then make it your own secret goal.
If you want to be a Financial Independence Freak, you need to know some basic terms.
The skill of managing our money is a frequent victim of this philosophy. When most are young they don’t like to “waste” time learning about money; there are too many fun things to do. But you need to start educating yourself on personal finance topics NOW. Not in 5 years. Not in 10 years. NOW.
Once you understand passive income and how it works, your life will never be the same, and this is a very good thing.
A freak knows they must break these 7 Life Rules!