Cars can be expensive, but for many people, they aren’t a luxury. If you depend on an automobile to get around, you will be concerned with prolonging your car’s life and saving your hard earned cash. Here’s how to get more miles for your money, and spare yourself the additional stress and expense that comes from a neglected automobile.
Every year, millions of college students graduate, hoping to get absorbed by the job market and hopefully get a handsome paycheck. The reality though, is that not every career is as lucrative as they had always believed.
And, it is true, not every career is capable of paying handsomely, according to the CNBC. The few that reward well fall under the STEM category, which again isn’t surprising at all.
The following are possibly the most, well-paying industries one could pursue a career at.
College life is a hell of a roller-coaster experience, and every current student or recent grad can relate. From attending lectures, living alone possibly for the first time in one’s life, being the sole custodian of one’s finances and, of course, enjoying the newfound freedom, it is an experience one will forever remember.
But as they say, freedom comes with responsibilities. For a college student, one among these responsibilities is how you prudently manage your money and steer away from screwing up. It is in college where both the money-savvy and the extravagant chart the course of their lives.
Finally, you’ve decided to pay back the so-called student loans. It’s a decision that, though it isn’t fun at all, you have no other alternative, but to make. And there’s nothing funny about it at all!
At a time when almost everyone seemingly hasn’t paid this debt, and it’s already hitting an all-time high of $1.5 trillion, your decision is definitely laudable. But even though you have decided to stop the shame of student loan defaulters from following you, there’s one other thing you certainly need to address as well.
You need the loan cleared ASAP and the responsibility put to rest forever. But you have no idea how you’ll get that done. Of course, the idea of repaying it for 20 years is out of the equation.
By Chris Taylor / REUTERS
New York (June 12) – In this choppiest of stock markets, it’s very easy to get discouraged. The S&P 500 just had its worst month of the year, the Facebook initial public offering was a wreck, and all those rumors out of Europe aren’t helping anything.
Okay, so maybe we can’t all be John Paulson. The hedge-fund kingpin famously made $15 billion in a single year by betting against the housing market, inspiring the book “The Greatest Trade Ever”.
But let’s take a page from another book and draw on Norman Vincent Peale‘s “The Power of Positive Thinking”.
We talked to a few prominent market watchers about the best investments they ever made. What they picked, how they picked it, and what they ultimately learned from it.
We all have our investing successes, even if they’re relatively modest. By learning from other people’s home runs, here’s hoping we can hit a few ourselves.
The story: “The best strategy call I ever made in my career was what I refer to as the ‘bond-bullion barbell’. It basically means having exposure to two types of assets — bonds and gold — that serve as refuge in this tumultuous post-bubble deleveraging cycle. I’ve been on that for a decade now, and they’ve been wonderful safe havens. They’re natural hedges; gold hedges against inflation, bonds hedge against deflation. Nothing moves in a straight line, of course, and there have been corrections along the way. But bonds and gold are in secular bull markets, and when you can identify big long-term trends like that, the clouds part and help you make great decisions. Some people think you can only make money in equity bull markets, but that’s just not true.”
What he likes now: Corporate bonds — Thanks to strong balance sheets and minimal default prospects. “The high-yield market now offers an 8 percent coupon on average, which in my view adequately compensates you for any recession-induced delinquency risks.”
The story: “I made the decision in the early ’80s to invest 100 percent in the stock market. At that time the market was priced very low, because people were overreacting to high inflation and interest rates. In times like those people don’t tend to want stocks, because they can get high returns on bonds or even savings accounts.
So the average price/earnings ratio for stocks was around six, which I thought was grossly underpriced. Eventually I pulled most of it out in the late ’90s, when the stock market experienced a bubble and became totally overpriced. In the meantime, I made something like 10 times my money. When big events like that happen, you can time the market.”
What he likes now: A very conservatively positioned portfolio. “Stocks are still my biggest single holding, but I’m worried because they seem highly priced. My inclination is to stay in the market, but to not be aggressive about it.”
The story: “We originally bought Apple in 2003, when it was priced in the teens. Now it’s one of the biggest companies in the world, and priced at almost $600, but it actually had a relatively tiny market cap at the time. It only had three percent of the computing market, but we liked its fundamental characteristics, and thought it could gain some market share. They had just launched the iPod, but this was long before revolutionary products like the iPhone or the iPad.
Most importantly, Steve Jobs had come back to the company. Jobs was a real visionary, and an agent of transformational change, who some people compare to Thomas Edison. Back in 2003 the company’s future wasn’t clear, and you never really knew what was going to happen. But it turned into a once-in-a-lifetime investment opportunity.”
What he likes now: U.S. equities. In particular “the technology sector, where companies can focus on doing more with less. Also companies that can either maintain margins, or continue to increase margins through pricing power.”
The story: “It was 1981, it was a townhouse at 49 E. 10th St. in Greenwich Village, and I tried absolutely everything not to buy it. I was desperate to open a small brokerage office in the Village, because I felt the neighborhood was turning around and was going to explode.
I hunted everywhere, couldn’t find anything, and finally saw a ‘For Sale’ sign on this six-story building with 10 apartments. The broker refused to rent the ground floor to me, but said he would sell it to me for a little under a million bucks. I had never signed a mortgage in my life, but for some reason a bank loaned me 95 percent of the money.
The other day I had it appraised at $7.7 million, and it still makes me a 20 percent profit, year after year. It’s the little building from heaven. I’ve bought many buildings in Manhattan over the years, but no investment has done nearly as well as that first one.”
What she likes now: Investing in small businesses, everything from cake companies to medical-device manufacturers, stemming from her role in the ABC series Shark Tank. “I’m finding it far more exciting to roll up my sleeves and help young entrepreneurs build their fortunes, instead of checking out boiler rooms.”
(The writer is a Reuters contributor. The opinions expressed are his own.)
(Follow us @ReutersMoney or at http://www.reuters.com/finance/personal-finance. Editing by Lauren Young, lauren.young@thomsonreuters; Editing by Andrew Hay)
Saving money in college might appear a little bit impossible, given the little amount a student possibly has. But even the tight budget you have can allow you to set aside a few bucks for your savings. Besides, it is absolutely doable!
Think about it. Your side hustle starts generating more money, and your college life starts to feel great. Your tuition, room and board, food and several other expenses have been catered for, and all you have is a lot to finance your college escapades.
Well, it is acceptable to enjoy the freedom of being a college student. But don’t screw up by wasting the entire chunk of money you’ve toiled hard for when you could save a fraction of it. Instead, learn to save and live on a tight budget.
Our buddy Russell shares some awesome stock trading tips in this guest post. Enjoy!
I started trading stocks online in 2014 to try and make some extra money as quickly as possible. I think it’s fair to say that stock trading has dramatically improved our (my wife Maleah and I) lives and changed how we live forever.
We started trading stocks when we were living in rainy Seattle and living paycheck to paycheck. I was working at a demanding full-time job but still struggling to pay our bills. I had to get up at 6 am to start trading stocks at 6:30 am when the stock market opens on the west coast.
Looking back, it is pretty amazing that we didn’t just lose all our money! Somehow, we were able to make quite a few thousand dollars and paid off some our student loans. I vividly remember the excitement, hope, anxiety and ecstatic highs that were part of our first steps into online stock trading.
We still trade stocks and write about our trades on our stock trading review website.