It is funny. Southridge Capital clients know a lot about spending money, but they do not know much else when it comes to the subject of money. We find that they were either not taught, or they just chose not to listen. Our hope is that these five facts, listed below by Southridge Capital, will make an impression on your clients and other audience members.
1) You need to start a savings fund or emergency fund of some kind. We have found that 1 in 3 20 somethings have only enough emergency cash to fund one emergency. The point is, those who can afford to start an emergency fund should.
2) Do you have a job right now? Are you paying rent of some kind? Then, yes, you should be paying your taxes. Start learning about your tax codes and the money that can be saved. Take a look at this FYI example. You will see what we mean. For more details visit releasefact.com
FYI: Did you know that those who earn less than $30,000 can earn $1,000? You can earn that on the first $2,000. You can put that into a retirement account.
3) Do you want to use real estate as part of your investment strategy? You need to know the difference between buying a home and buying a lemon.
4) Dream weddings are going to cost a lot of money. Studies show that expensive weddings do not always translate into “happily ever after.” In other words, you get back more when you spend less.
5) Kids are going to be very expensive. You may want to hold off on having kids until you can afford to do it. Taking care of a child before you are ready will add to your financial problems.
“My friends keep telling me to give it up. Saying, I am too young. I should live it up.”
Madonna, 1986 Papa Do not Preach
Sound advice!
Reference: https://www.newswire.com/southridge-partners-ii-formerly/188538