Now that you have a checking account (and are taking it to the next level), it’s time to do what Gabe did and open a savings account – the second most common type of financial account.
Money tips for young people
In Post 14, we explored the reasons why tracking your expenses is so important. This post will now guide you through setting up your Mint account to propel you forward on your journey to financial independence.
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.
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.
Financial Independence = the point at which one’s passive income plus sustainable asset withdrawal is greater than their living expenses indicating that the individual no longer has to work for money.
Freak (n): a person who has withdrawn from normal behavior and activities to pursue one interest or obsession One who is markedly exceptional or extraordinary SheeksFreak (n): A young person obsessed with making intelligent financial decisions to allow themselves to reach early financial independence and live their best life SheeksFreaks learn and think about the… Read more »