Posted by Gabe Graumann on April 25, 2008
Generation Y are those people currently in their 20’s and 30’s, and by most accounts this entire generation segment is broke. Why is that? Emma Johnson put together an interesting article recently, with several video clips taken when interviewing a few Generation Y individuals, called “Why is Generation Y Broke“. While several of the video clips are quite humorous, it becomes sobering when considering the long-term effects of personal finance illiteracy.
If you fall into the Generation Y age category take heed of warnings from those who have gone before you. Getting a grasp on your personal finances is your responsibility, regardless of the example your parents set or the methods you learned growing up. In an era of easy credit being issued to anything breathing, it only takes a few money mistakes to impact years of your life. Gaining a little financial literacy could save you tens of thousands of dollars or more over your lifetime. Don’t put off increasing your financial IQ one more day. Get involved in your personal finances.
Posted in Outside Articles | Tagged: Financial IQ, Generation Y, MSN Money | Leave a Comment »
Posted by Gabe Graumann on March 5, 2008
I read a lot of financial articles and books, but few really catch my attention like this one did. Why? Because of how true it was. Most financial articles candy coat the debt crisis facing many Americans by pointing to better “management” of the debt being needed, or “safer” debt instruments that could be used. This is the first main-stream, secular article in years to speak the truth about debt plainly. So with that preface, I’d encourage you to read the following article called “The Seven Deadly Sins That Lead to Debt” by Sheyna Steiner.
“Financial sinners won’t have to wait for the afterlife to be punished for their various misdeeds. Plenty of consequences await in the here and now. Presented with choices daily, human beings can lead chaste and charitable fiscal lives. Or they can succumb to fleeting temptations and fatal traps. So choose to commit these deadly sins — or work to bring a little temperance into your spending.” (click here for the rest of the story)
Posted in Outside Articles | Tagged: Deadly sins, Debt, financail behaviors, financial motivations | Leave a Comment »
