Personal finance has not yet become a required subject in high school or college. If it is available for you to take in your school, will you apply what you learn? You may be more focused on relationships, video games, the newest fad, partying and not quite understand how decisions you make today financially will effect your future. You might be fairly clueless about how to manage your money when you’re out in the real world for the first time. If you think that understanding personal finance is way above your head, consider that you may just be wrong in thinking that thought. All it takes to get started on the right path is the willingness to do a little reading – you don’t even need to be particularly good at math.
To help you get started, we’ll take a look at eight of the most important things to understand about money if you want to live a comfortable and prosperous life.
So you have a few of the ‘certificate of participation’ awards and want to take those to your first job interview, well you will soon see how much weight they carry. The ‘Wall of Gaylord Focker’ may need to stay on the wall of your parents home.” The truth? Honesty is a must, perfection is a myth, and failure is your friend.
American students have been trained from an alarmingly young age to believe that as long as they show up, they should be rewarded—and that is lulling them into a false sense of security. After all, simply being there isn’t the same as contributing, and participating isn’t the same as succeeding. No one will be rewarded for just showing up in the real world. Success isn’t found inside a rubric. It certainly isn’t something achieved without a few experiments, mistakes, and failures along the way.
Here are seven common lies that young people hear growing up—and the blunt, uncensored truths behind them:
When selling your home, choosing the Realtor who will represent your best interests is one of the most important and one of the first steps in the process. Unfortunately, many sellers do not understand how important this is or believe that to be the case.
A piece of advice if you are thinking about selling your home, do not hire a Realtor because they are just your friend or because they are a colleagues spouse. Every Realtor is different, period. There are many consumers who believe every Realtor is the same and they all do the same things to sell homes, which is the farthest from the truth! Each Realtor runs their business differently, advertises in different places, and utilizes different sales techniques.
Here are some common questions you should ask when interviewing a Realtor to sell your home.
Advertising will often make consumers believe that they can walk into their local bank or call an online lender to get a mortgage. This may be fine as long as your situation is simple. However, a large percentage of mortgage applicants have situations that make them unique. Mortgage guidelines change very rapidly. There are tax consequences that differ between mortgage options. And, the mortgage needs to be considered a financial instrument that can help you build wealth over time.
You won’t get advice like this from the loan hacks at many of the big banks, credit unions, or online lenders. You need a true professional that studies the mortgage guidelines and everything surrounding the largest piece of debt that you will take on as a consumer. Below are a few recent rule changes that are examples of underwriting guidelines that most lenders won’t know.