Get Rich While You’re Young

Be Young and Wealthy Simultaneously

Recent Posts

  • Money Troubles:...

    September 3rd, 2014

    In a flailing economy, it’s deceptively easy to run into financial distress. Even worse–situations like these tend to have a snowball effect–one missed payment and suddenly you owe $300, instead of your usual monthly $50. The cost of late fees, over the credit limit fees, and higher finance charges combine [...]

  • Is Bankruptcy T...

    August 4th, 2014

    Many people are falling on hard economic times, and some of them are looking at bankruptcy as an attractive option. On its surface, bankruptcy does seem like a “get out of debt free” card. You get your debts wiped clean and get to start anew with rebuilding credit and doing [...]

  • How To Rebuild ...

    July 16th, 2014

    One of the most long-reaching effects of declaring bankruptcy is the toll it takes on your credit. In fact, according to CBS’s Money Watch, declaring bankruptcy can leave a sore spot on your credit report for up to 10 years. While this is a daunting predicament for one to find themselves in, [...]

  • Bankruptcy Ahea...

    June 9th, 2014

    While many people throughout North America have some degree of debt, the situation is reaching epidemic proportions in Canada, leading an increasing number of people to file for bankruptcy.  Read on to learn more about this issue, as well as ways to reverse the trend and prevent debt from spiraling [...]

Qualities to Become Wealthy

Qualities to Become Wealthy

What kinds of qualities do you need to have to become a wealthy person? Part of it is having the right luck and experience to get a good job. That alone is a great accomplishment. But the rest is simply practising good habits. For example, you should start living off of 80% of your income and saving or investing the rest. Get a CD that you can put money into but not withdraw. You’ll be able to see your nest egg grow without having the temptation to spend it on casual pursuits.

Your High-Paying Job

Your High-Paying Job

One way to get wealthy at a young age is to set yourself up for a high-paying job. Some industries pay higher, so set goals that can get you there. For example, you can plan to start a business, be in the computer industry, or become an inventor for a Research and Design team. Get the most experience and knowledge you can while in college. Do tons of internships, be a part of a relevant club, and get good grades. That means you’ll get a higher-paying job right after graduation.

Invest and Save

Invest and Save

It won’t matter how much your job pays if you can’t invest or save any of your money! I’ve heard so many stories of celebrities who made it big really quick, then went bankrupt in 5 years because they went crazy on spending. Let them be an example to you so you don’t have to learn that the hard way. You can save money by putting it in various bank accounts. I have one bank account for my savings in a different bank than my short-term savings and checking account. It’s very “out-of-sight, out-of-mind” for me.