You’ve heard the phrase “Money makes the world go ’round”. You’ve also heard the phrase “I’m broke” and “I don’t have the money”. Well, let me tell you something about money. There are two types of people in this world:
- People who work for money (just about everyone)
- People who make money work for them
Most people on this planet go find a job so that they can get a paycheck. Over time, as they advance in their career, they get a bigger and bigger paycheck and they spend it on bigger and bigger things so in effect, they don’t actually have any more money then when they were young, unmarried, and living with their parents. Most people actually have less money available as their paycheck grows.
I want to teach you how to make money work for you.
This section of MyFirstPaycheck is where you get my 13 years of experience working at companies like Amazon, Expedia, and Microsoft. In that time I advanced from an entry level analyst at a consulting company to a Director and Principal Engineer. That is around the time I started my own company, AssetLab, to make more of my money work for me. This is where you get incredible, free information on everything from savings accounts to car loans to investing in stocks to creating a budget so that you can reach your goals.
You see, I didn’t start in the position I am now. I started as a typical American kid, going to school, getting a job mowing neighborhood lawns, and later, working at a local hardware store. I learned about checking and savings accounts back when you had a register that you had to fill out. I got a little bit of guidance from my parents. Over the years I’ve learned so much that I wish I knew in high school. It would have sent my life down a completely different direction. I learned stuff about:
- Types of bank accounts
- Creating and sticking to a budget
- Saving money
- Savings bonds
- Paying for school
- What is “Credit”?
- Buying a car
- Getting a loan
- Starting a lawn mowing business
- Starting a computer and website business
- Paying for college
- Buying a house
- … and the list goes on for a very long time …
The posts in this section are amazing and I encourage you to take the time to read them, follow the simple plans I provide, and figure out what works for you, your goals, and your finances. This is information that will serve you for the rest of your life. Take a few minutes to invest in yourself and take yourself to the next level. Don’t waste your time learning everything the hard way like I did. Steal what I’ve learned so that you can reach your goals before me.
This is a race and you can win it!
Here is some great content in this section, straight from Jeff.
- The Frugal Teenager, Ready or Not – Financial Education and Jobs for Teens
- HB 2196, the Youth Employment Incentive Tax Credit
- How to Become a Millionaire
- The Five Things Your Teen Needs to Know About Taxes
- Types of Bank Accounts
- Building Your Credit