So the last 3 weeks I got on this financial kick.. yeah, I know. Me trying to be financially responsible isn't exactly something you'd expect but for some reason i'm addicted. My boss Lisa Hancock is somewhat of a guru of finance. She reads financial stuff for fun. She recently told me about a program run through the university that will match your contributions 3 to 1 up to 6,000 total. I thought it sounded too good to be true so I talked my little bro into going with me to the first workshop and everything checked out. The only catch is that you have to use the money to either buy a house, start a business or use it towards higher education. I think I can handle that.
Some of the things I've done to become more responsible include: buying a fireproof box to keep all of my records in. Opening a dedicated savings account. Getting a credit card to start building credit. Don't make fun of me! I'm 25 and just getting a credit card, i'm not ashamed. well, maybe a little bit but not enough to leave that part out of my post. I also created an account on mint.com it's legit! seriously. it sounds sketchy but it's the real deal and it's free! I wont take the time to explain it here but you should definitely go check it out.
I learned that if you start saving $4,000 a year from the time you're 22 you'll be a millionaire by the time you're 65 or something like that. But if you wait till you're 32 you have to put twice as much money away each year! the beauty of compounding interest! Moral of the story: If you're young and not thinking about saving, start! you'll love yourself for it later. If you're old and haven't saved.. I'm sorry.
George Soros once said, If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.