A Twitter follower asked us how they can build credit from nothing, as a recent college graduate. This is a great question that young adults have asked for ages. It’s similar to the question, “How do I get experience for the job I want when no one will hire me for the job I want.” Though the questions are similar, the answer to the first is easier to find than the second.
On Monday, July 21st, both Chipotle and Netflix released second quarter 2014 earnings. Chipotle’s second quarter 2014 revenue was up 28 percent to $1.05 billion. Netflix net income more than doubled to $71 million in the second quarter from $29 million from second quarter 2013. Both companies crushed analyst, investor and, likely, their own expectations. This caused both stocks to soar in afterhours trading on Monday and subsequent sessions thereafter.
What does this mean?
Your kids suck money out of your wallet, your bank and investment accounts and your retirement. Let us tell you why this hurts your long-term financial plans.
If followed us for a while, then you know a financial plan increases your chances of financial success. If you don’t have one, let’s start your financial plan today.
Just as there are three steps to land that hottie you have your eye on (flirt, buy them drinks and then make your move), there are three steps to score a better financial future and maybe even more hotties (budget, save and invest). These are the foundation of a financial plan. We will elaborate on each of these.
The following is a question posed to us by a Facebook follower:
“What is the best way to save small amounts of money? For example, an individual who doesn’t have a large income and is already strapped with monthly bills may only be able to stash away a few bucks; maybe $40. What is the best way to save/invest those few dollars to help it grow?”