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3 Common Money Myths Debunked

Success

In every financial workshop, I hold with 20-somethings, there inevitably comes a point where someone utters the phrase, “But my dad said…” followed by: I should carry a balance on my credit card to improve my credit. It’s OK to settle for a starter salary. I should pay off my debt before I start saving.

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Lessons From Past Recessions

Success

How much debt do I have (credit cards, student loans, car loans, mortgages, etc.)? What are my basic monthly living expenses (including food, shelter, health insurance, utilities, phone, transportation and childcare)? How much cash can I quickly access if needed (i.e.,

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Answering Reader Mail: Can an EA salary support a family?

Musings of a High-Level Executive Assistant

I believe you can raise a family on an EA salary whether alone or with a significant other. Always buy the most expensive health insurance you can afford. Do a great job and learn to negotiate to a better salary or when you job hunt after you've gained a lot of experience. Always remember, the best things in life are free!

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How to Manage Yourself When Making the Move to Self-Employment

Productivityist

If you can reduce or get rid of your debts like credit cards while you are still in employment. Think about any expenses that you may need to pay out including social security, health insurance, self-employment taxes, include these in your plan. Make sure you use the right tools for things such as invoices.

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44 Ways to Kick-Start Your New Year

Success

I just started my own business, and I want to evaluate my income versus my expenses to see where I am currently, with the ultimate goal of hitting the salary I want to make. Cut up credit cards. For health? I want to evaluate my cost-of-living expenses and see where I can cut back. Get a whole new hairstyle or haircut.

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