Education and wealth

College degrees can add significant wealth. The more education you have, the more you’ll earn and the less likely you are to be unemployed. And if you can keep debt low while getting the degree (and there are reliable ways of doing this), then it’s almost guaranteed that getting a college degree is a good deal.

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Ten Moves That Will Skyrocket Your Net Worth

budgetsaresexy.com

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Education and wealth

Controlling expenses and wealth

Those who control their spending do much better. This doesn’t mean you have to save on EVERYTHING, just some things. Enjoy your life by spending on what you want here and there, just keep it in line so you have excess to save and invest. Even 10% will make you wealthy over time.

You’ve probably heard that time is your greatest investing asset. It’s true. The more investments earn and grow on their own, the greater they become.

Investment value is also greatly impacte...

You’ve probably heard that time is your greatest investing asset. It’s true. The more investments earn and grow on their own, the greater they become.

Investment value is also greatly impacted by the amount invested.

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12 Personal Finance Tips and Tricks to Make You Rich - Swift Salary

swiftsalary.com

When you read a lot of finance books & blogs, you come across a ton of different personal finance tips and tricks. This can make personal finance seem like a massive, overwhelming, and complicated topic, but it's really not. It's so simple that I've broken down the personal finance basics into just 12 quick points.

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Side Hustle to Make More Money

You don't have to sacrifice all of your free time to start a side hustle, use the time you’re comfortable with and make a little bit of progress every day.

Take Action

Get to working on improving your finances today, not tomorrow. Reading the steps and thinking you’re capable of doing it but postponing it is just an excuse, an unprofitable one.

Communicate With Your Partner

Talking about your financial goals, and scheduling time once a month to go over your finances together can prevent money from affecting your relationship.

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50 Personal Finance Tips That Will Change the Way You Think About Money

themuse.com

We've certainly amassed a wealth of knowledge over the years covering the money beat-be it the dozens of "I got out of debt" success stories we've featured to the scores of psychological studies we've covered linking better financial decision-making to behavior change.

Key Ideas

3 Financial Basics

Create a Financial Calendar: prevent yourself from forgetting quarterly tax payments and to get credit reports.
Check Your Interest Rate: Pay off loans, open saving accou...

Budgeting Like a Pro

Consider an All-Cash Diet, as limiting yourself to physical currency combats overspending.
Set aside 1 minute a day to check on your financial transactions, to identify problems, track goal progress and set your spending tone.
Allocate at least 20% of your income to financial priorities like emergency funds, debts and retirement fund.
Budget about 30% of your income for nonbasic spendings, like entertainment. Abiding by the 30% rule, you can save and splurge at the same time.

How to Get Money Motivated

Draft a Financial Vision Board, it motivates and helps you to stay on track with your financial goals.
Set specific financial goals stating the reason, the way, numbers and dates.
Adopt a spending mantra, a phrase that serves as a rule of thumb for how you spend.
Love yourself. Taking control of your finances is part of that.
Make bite-size money goals. Make the bigger ones but also small step goals to get there.
Don’t be a financial fatalist, and switch to more positive mantras.
Get your finances and body in shape. The discipline associated with regular exercising translates to managing your money well.
Appreciate what you have now, instead of being a consumerist.
Get a Money Buddy. Studies indicate people pick up good habits from friends with similar traits.

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What Is the 50/20/30 Budget Rule?

investopedia.com

Senator Elizabeth Warren popularized the so-called "50/20/30 budget rule" (sometimes labeled "50-30-20") in her book, All Your Worth: The Ultimate Lifetime Money Plan. The basic rule is to divide up after-tax income and allocate it to spend: 50% on needs, 30% on wants, and socking away 20% to savings. Here, we briefly profile this easy-to-follow budgeting plan.

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The 50-20-30 rule

It is a budget rule to help people reach their financial goals. It states that:

You should spend up to 50% of your after-tax income on needs and obligations that you must-have or must-...

Needs, wants and savings

Needs: these are those bills that you absolutely must pay and are the things necessary for survival (rent or mortgage payments, car payments, groceries, insurance, health care, minimum debt payment, and utilities).
Wants: these include all the things you spend money on that are not absolutely essential (dinner and movies out, vacations, electronic gadgets, etc.)
Savings: this includes adding money to an emergency fund in a bank savings account, making IRA contributions to a mutual fund account, and investing in the stock market.