College Students Should Start Planning For Their Retirement Now!

Are you currently taking college courses? Do you ever wonder what your future will be like when you graduate?

Most college students don’t even think far enough ahead to picture what their lives will be like when they start working.

Still fewer yet even think far enough ahead to consider where they will be in their 30’s and 40’s. And, virtually no students are saving for retirement while they are still in college. Yet, if they did, they might be able to retire far before any of their peers. And I’m not talking four or five years before, I’m talking about 30 or 40 years before! It is all possible, but only if you start planning now.

when should i start saving for retirement?

Living Simply

Living as if you have no money in college is really easy….because you literally don’t have any money. However, when you graduate and begin your careers, you begin making major purchases like a nicer car, fancy furniture, and a large glorious house. Typically, these purchases come in the first couple years of your career, but they can stymie your retirement for more than 30 years. However, nobody thinks this is a big deal because people don’t retire until they are 65 years old anyway….right? Wrong.

Believe it or not, there are people in this world that retire at the age of 30. They come out of college living simply, save up their cash, and then peace out incredibly early because they don’t mind living simply and can easily live off their pile of cash for the rest of their lives.

So what does this mean, living simply? Let’s say a couple gets married right out of college. They have worked hard while in college and were both able to get their degrees without taking on any debt. Between the two of them, they land jobs that are earning a total of $100,000 a year ($70,000 after taxes). They rent a small apartment that is close to both of their jobs so that they only need one car, and they both ride bicycles whenever they can. Instead of paying $200 a month for cell phones with an unlimited data plan, they each have a dumb phone and only pay $30 a month in total. By living simply, they are able to get through each year on only $20,000 and therefore save $50,000 every year.

By continuing to have no debt and by investing their money, they are able to amass $600,000 after only 8 years of work. Since they only need $20,000 a year to live, this $600k is more than enough to live off of for the next 50 years if they want to (and they can of course earn additional money on their own if they want – they do not have to sit inside and just stare at each other every day).

Retirement Has Nothing to Do With Age

Does the plan above sound good to you? If it does then go for it, and realize that retirement has nothing to do with age. You just need an adequate amount of money in the bank and the mental preparedness to handle not working a traditional job.

Once you can wrap your head around the fact that such extreme saving is possible, and that you can still have a ton of fun on $20,000 a year! You can travel, enjoy your hobbies, spend time with family, and most importantly, you can slow life down and enjoy every minute! You do not have to earn $100,000 a year to make the most out of life. No sir, the quest for a large salary can actually decrease your quality of life. Check yourself and question what you would like out of your life.

Are you ready to start planning for retirement? If you are not a student anymore, when did you start saving?

Building a Buzz into Your Budget

Okay, so we’re all interested in money, right? That’s why we’re here.

We all know that the difference between the return of a prophet and a profitable return – that’s not something that only theology and economics graduates know about.

But – and it’s an important but – it is possible to be seriously interested in cash and have fun at the same time.

Now I know that for some folks, making the most of their budget is a form of fun in itself. But it’s close enough to what some people call work for me to gloss over it here. That’s not the sort of fun I’m talking about.

What I am talking about is how to take that deep-seated attachment to cash and to turn it into a form of play, an out and out recreation, something that’s not all about cutting a cost or clearing a debt.

As Cyndi Lauper would no doubt agree, girls may wanna have funds, but they wanna have a bit of fun too (and no, this isn’t just about girls).

So this is about how you can check out from the serious business of balancing your checking account and give your libertarian free spirit free reign for a while.

What I’m talking about is taking some time out to build a financial component into your leisure budget. We’ve talked about budgeting before, so I’m taking it as read that you’re prepared to cut yourself a bit of slack when it comes to enjoying yourself.

But what I’ve found is that as a self-disciplined, careful and calculating kind of a person, there is a heck of a lot of fun to be had enjoying the experience of online gaming. In a word, you can get a lot more bang for your buck weighing up the odds than you can ever get from splashing out on a cheap night out.

And of course, you can win.

Some of the big online casinos regularly deliver prizes in the tens of thousands of dollars. For example, the site 32Red online casino paid out a top prize of $66,845 this July. You can click here to visit the 32Red casino and take a look at some of the online promotions they have available. Other sites such as 888, BGO and Gala offer similar welcome bonuses as well, so it’s worth shopping around.

But the prizes aren’t the part of the picture that I really want to stress right now. What I’m most keen to stress is the way that dollar for dollar, cent for cent, you can squeeze as much fun from a limited budget by playing online as you ever can by going out and seeing how everyone else is overspending their way to a sore head.

And there’s none of that overbearing peer pressure to keep up.  You set the budget, play with what you can afford, and leave it at that. No-one will look down their nose at you for setting a sensible limit, and no-one will try to make you feel bad about yourself for being responsible.

It’s a wholly adult pastime – and I mean that in a good way.

So if you want to really get a buzz out of your budget, and to make the most of your keenness for cash give online gaming a go – it’s fun!

The Best 6 Degrees You Can Earn Today

As you most likely already know, college is a very important step to becoming successful in this world today. Without a college degree, many hiring businesses will immediately throw your resume in the trash without even taking a serious look at it. You could have all the experience in the world, but if you do not have an undergraduate, chances are that you will not be able to get that job you have longed for, let alone even get your foot in the door.

best degree

So yes, getting a college degree can be important, but you shouldn’t just go to college in order to get any old degree. Some are more valuable than others and are more in demand than others. If you want to succeed today, you should choose a degree that you are interested in, but also one that will land you a job fairly easily.

According to Yahoo!, these are the best degrees you can earn today:

1) Finance Degree

Now that the economy is bouncing back, there are many more finance jobs available. You could working within the banking industry or you could work for a large corporation. No matter what the business is, every company can use at least one good finance person.

2) Bachelor of Computer Science

Computers have been around for quite a long time now, but companies are just now starting to use them and integrate them completely into their operations. With the complex nature of programming and systems set up, many companies can use a well-trained computer science major to help them out.

3) Marketing Degree

The unemployment numbers are improving and people are starting to buy products again, which usually puts more of them out into the market. With all of these new and improved products, there is an increased demand for professional marketers.

4) Accounting Degree

While accounting might not be the more exciting degree in the world, you might enjoy it and you also might enjoy the pay that comes along with it. After a few years in the accounting world, you could easily earn yourself $60,000 or more per year.

5) Healthcare Administration

Those baby boomers just keep getting older and you know what that means – an increased need for healthcare. Plus, with the recent ACA healthcare roll-out, there are many new roles that need to be filled in order to support the massive business venture. Get your degree in healthcare administration and you will likely find work when you graduate.

6) Bachelor of Business Administration

If you just can’t pinpoint what it is that you want to do when you graduate, but you know that you want to be involved with business, then perhaps this is the right degree for you. A hiring company might use you for your marketing, finance, or general business expertise. Most commonly, these grads enjoy selling as well and get involved in a financial advisor role. If this interests you, give this degree some serious thought.

So what do you think? Are any of these degree choices for you? If not, then perhaps it would still be wise to minor in one of the above options. It might not be your passion, but it might be enough to get your foot in the door at least.

What do you think he best degrees are?

Eating Healthy on a Student Budget

Eating a healthy, nutritious and diverse diet is key to doing well in school (that, and not slacking off when you are supposed to be studying). There is nothing more detrimental to your brain power than eating junk food all day.

It is therefore incredibly important for students to eat a diet high in vegetables, fruits, legumes, and nuts and seeds. These things will all help you focus more, increase your reaction time, and score better on exams and tests. They’ll give you more energy and help you look better, too!

Eating healthy is often seen as a budget buster, despite it’s benefits, especially for students who are already counting pennies. 

healthy food student budget

This myth has been somewhat dispelled but not completely, and not if you are looking at organic or fair trade foods (those things are very expensive). There are ways to save money on nutrition, so here are a few things you can do:

Use Your Student Discount Card

Do you have a discount card through your college? If so use it! Check to see which grocery stores in your area offer a student discount with the card (or otherwise) and take advantage.

There are far too many people who let these discounts go to waste and you may end up regretting it when you are no longer a student.

Even if you only get 10% off of your groceries, if you spend $300/month on groceries you are saving $360 per year!

Farmers Markets

Farmers markets are usually a great place to take advantage of steeply discounted fruits and vegetables. Avoid the other stalls (breads, etc) as they are usually marked up quite a bit higher than the grocery store, but you can also negotiate the price at farmers markets usually.

If you are looking for organic food be aware that many local farms cannot afford to have the “certified organic” label but ask if they are spray free; often, they will be and you can save some money on them since they aren’t stamped with the organic label.

Buy What is In Season

Food is so expensive when it is not in season. Have you ever tried buying blueberries in the winter? Yeah, they are pricey! That’s because they have to be shipped in from all over the world which adds to the cost (and removes some of the nutritional value).

Buy buying what is in season to eat, it will save you a lot of money and also be far healthier. Who wants to eat food which has been sitting on trucks and boats for weeks on end, with rats and other vermin around them?

Plus, the food that is in season (and usually a little more local) is much tastier, since it ripens on the tree or plant instead of in the grocery store.

 

Don’t forgo healthy eating because of a budget. It’s really important to be healthy so you can excel!