The Amazing Superpower Of Compound Interest
If you are young or just graduated from college, the last thing on you mind might be saving for retirement. After all, you still have plenty of time right, since retirement is still over 40 years away. Wrong. The best time to start saving for retirement is right now.
Yes, you could start saving in five or ten years and live it up in your twenties traveling and going out every weekend, but it will cost you. It will cost you a lot more than you think because of a phenomenon called compound interest.
I was renting a 72TB dedicated server for $799/month since December 2012. By 2016, that server was running out of space.
Since December 2012 I have been leasing a large dedicated server for one of my websites. This server has 72TB of raw disk storage with a monthly fee of $799. The site gets 25 gigabytes of new content uploaded daily and by the beginning of 2016, the available disk space was down to less than 10TB.
Just when you thought the stylish trend of taking a pair of brand new perfectly good pair of jeans and ripping a hole in them and selling them for four times the regular price was stupid, Nordstrom has raised the bar by selling a pair of fake mud jeans for $425.
Twice a week I would go out for a run in the evening around the neighborhood and just about every single house will have flashes of light coming through their windows from their televisions.
A side hustle is a way for you to make some extra cash while keeping your day job, whether that is an actual job or being a full time student. A side hustle can come in many forms. It could be an actual part-time job like driving for Uber. It could be a hobby or something you are passionate about that makes no money at all but increases your marketable skills.
With the arrival of spring and nicer weather, many of you may be starting to think of going somewhere for spring break or summer vacation. Depending on how many people are in your group, it may be cheaper to drive than fly.
Self-storage is an interesting concept. Behind rows of corrugated metal doors at the self-storage facility are closets filled with items that people couldn’t bear to throw away. Instead they are paying monthly rent for space not for people to live in, but to store things so they can make more room at home to buy even more things.
If you are like many other people, you are probably doing your taxes right now or getting ready to do them. If you have already filed your taxes and are getting a tax refund, congratulations!
The Credit CARD Act of 2009 also made it harder for those under 21 to get a credit card by prohibiting credit card companies from giving out free swag on college campuses and requiring proof of income or a co-signer to get a credit card. Thus, a whole new generation of adults do not see any reason to have a credit card. Instead, they are using debit cards.