Second Look Sundays – Oct 29 2017
OCTOBER 29, 2017 AUTHOR: SHAUN
This week I recap the benefits of owning a business and top tips how students can save money!
Welcome to this week’s edition of “Second Look Sundays” – a recap of my favorite money-related posts of the week. It’s a chance for me to lay-low for a day, and highlight some other fantastic folks!
Whether new, or just new to me, these posts caught my eye, and I wanted to share them with everyone.
Check back weekly to see what’s on deck!
Read Time: 5-6 mins
Summary & Why I like it: In this post, Sam outlines why being an owner is beneficial. Anyone who is somewhat entrepreneurial-minded will quickly be drawn into this post. What stood out to me though was when Sam shared an asset chart – it really brought to life how the wealthy structure their finances. It shows that they own businesses and investments while the non-wealthy tie their money up in their primary residence (and take on a lot of debt!). If you’re interested in starting your own business (full-time or through a side hustle) or even investing in a business, check this post out to feel inspired.
“The only way to next level wealth is to own equity in a business.”
“As a business owner, you will feel more proud of what you produce because before you, there was nothing.
By: Natalie Bacon
Read Time: 8-10 mins
Summary & Why I like it: In this post, Natalie uses her own experience to provide words of wisdom to other students. She has been able to pay down over $100K of student debt (law school can be expensive!) but through the process learned a lot of things others can learn from. I like this post because it’s simple and provides some thought-starting concepts for students. It addresses the need to keep your borrowing in check and to better understand how debt works (repayment, interest rate, etc.)
“The number one distinguishing factor between people who repay their debt and people who don’t is the belief that they can. You need to feel empowered to repay your debt.”
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