Half of Americans Are Worried About This Threat to Their Paychecks

Half of Americans Are Worried About This Threat to Their Paychecks: 4 Things You Can Do

Marc Guberti   Mon, December 1, 2025   GOBankingRates

One of the biggest fears Americans have is getting laid off. This “layoff anxiety” trend affects one-third of Americans, according to Clarify Capital. Anxiety is higher among remote workers, with 40% of them worrying about losing their jobs compared to 20% of in-office workers.

It has gotten to the point where 69% of Americans would be happy to stay in the same job and avoid career growth if it led to more job security. The PNC 2025 Financial Wellness in the Workplace Report found that 67% of Americans live paycheck to paycheck, so there isn’t much financial wiggle room in the event of a layoff.

Although many people dread getting laid off, it’s a scenario that you should prepare for in case it happens. These are some of the ways you can prepare for that scenario, minimize its impact on your finances and rebound quickly.

Create an Emergency Savings Account

Developing good financial discipline is critical for reducing your career stress and feeling more confident about challenges that come your way. Having more money in the bank can give you peace of mind and more time to get back on your feet if you get laid off.

Putting money into an emergency savings account each month is a great starting point. Ideally, this fund should cover six to 12 months of your living expenses. Accelerating your emergency savings account’s growth will require cutting your expenses.

While you don’t want to get rid of necessary expenses, you may find opportunities to trim costs if you have never created a budget. Unused subscriptions and impulsive purchases are good places to start if you want to reduce costs without downgrading your lifestyle.

Develop New Skills

The more skills you develop, the more desirable you are in the marketplace. Working on high-income skills like mastering AI tools each weekend can introduce you to more job opportunities. Then, as you apply for jobs, you will feel more in control, since you won’t feel like all of your income depends on one employer.

TO READ MORE:  https://www.yahoo.com/lifestyle/articles/half-americans-worried-threat-paychecks-155505788.html

Don't Put These 5 Assets In A Living Trust

Don't Put These 5 Assets In A Living Trust. How To Help Your Kids Bypass Probate When You Die

Moneywise   Mon, December 1, 2025

If you will, allow us to present the hypothetical case of Pete Moneywise, a married, 78-year-old father of three who wants to get his financial affairs in order before his passing.

Though he exists only within the confines of this article, his situation reflects what countless people of retirement age face as they draft their wills and create their trusts.

“I hate probate,” Pete tells us in an exclusive interview. (What else did you expect? We created him.) “I went through it when my father died, and my family spent the next year talking to lawyers, trying to get things squared away.”

He shares how the probate process caused tension between his siblings. He also harbored frustration over one unanswerable question: “Why didn’t Dad create a living trust? It would’ve made things so much simpler.”

Credit Pete for now following his own advice. He has set up a living trust. Now, he must decide what, if anything, to leave out of it. He has done the homework for you: Here are five things to consider as you structure your living trust.

Probate explained

Back to living trusts and the reasons they’re better than a long and drawn-out probate process.

Unfortunately, many folks don’t even know what “probate” means until they’re in the thick of it.

Sometimes, not always, when a person dies — even if they left a will — a legal process called probate ensues. Probate is required to validate the will, name an executor to administer the estate if there isn’t one, pay off liabilities, and then distribute the remaining assets to heirs.

The process can take years, requiring piles of paperwork and ongoing legal fees.

For instance, after Ozzy Osbourne passed away in July, reports began surfacing that his $220 million estate would face hefty inheritance taxes and a lengthy probate process. According to estate planning attorney Gideon Alper at Alper Law, “If Ozzy’s assets were left in trust, his family could inherit faster and privately.”

In Pete’s case, a trust could have helped his family avoid probate, protect their privacy, and minimize estate taxes when his father died. A trust is a document that allows you to keep control of your money and property and designate who receives it once you die.

Consider life insurance for added peace of mind

Before we get into living trusts, it’s worth looking at an even simpler way to help your children live more comfortably after you pass.

TO READ MORE:  https://finance.yahoo.com/news/dont-put-5-assets-living-131500131.html

What Most People Don’t Know About Selling Gold For Cash

What Most People Don’t Know About Selling Gold For Cash

The more you know, the better your gold payout — and the less likely you’ll fall for lowball offers or hidden fees.

Wealthy Single Mommy  Wed, October 29, 2025

Gold price keep hitting record highs — could not be a better time to sell.

Selling gold sounds simple: take your jewelry or coins to a buyer and walk out with cash. But like most “easy money” situations, there’s more to it than meets the eye. Gold buying is one of those industries where small bits of knowledge can make a big difference. The more you know, the better your payout — and the less likely you’ll fall for lowball offers or hidden fees.

1. The price is negotiable

Don’t accept the first offer you hear. Most gold buyers start low — often 20–40% under what they’re willing to pay. Ask, “Is that your best price?” and mention you’re getting multiple quotes. Just like in any negotiation, confidence pays — literally. Be prepared to walk away.

2. The “spot price” isn’t what you’ll get

The gold price you see on financial websites — known as the spot price — is for pure 24K gold in bulk. Most jewelry is 10K to 18K, meaning it’s mixed with other metals. You’ll only be paid for the percentage of gold in your piece.

3. Weight and purity determine your payout

Reputable buyers test your items using acid or X-ray equipment. Always watch the test and ask for the results in writing. Some unscrupulous buyers will “downgrade” purity to pay less.

If you’re unsure about what you have, get a quick appraisal from a local jeweler before you sell.

4. Gold teeth and dental crowns have real value

Yes — dental gold is typically 16K to 22K and can be sold for scrap. Refiners or specialized buyers will pay by weight, though they may deduct a small amount for extraction. A tooth can fetch $300 and a bridge $1,200.

5. Electronics contain gold, too

Old circuit boards, phones, and CPUs have trace amounts of gold. It’s not worth much in small batches, but if you have bulk electronics — especially old computer parts — you may have hidden cash sitting in storage.

6. What you’ll get from gold changes every day

Before heading out, check the live gold price per gram at trusted sites like Kitco or JM Bullion. Knowing the market rate keeps you from being shortchanged.

7. Gold in your ring is probably worth more than the diamond

Most gold and jewelry buyers are only interested in diamond of .3 carat weight or more and even larger diamonds have dramatically decreased in value in recent years. Sometimes even smaller diamonds of very high quality can bring in less than $50.

Many people are surprised to learn that while resale value of lab-grown diamonds or cubic zirconia is $0 or close, the gold setting is always valuable — especially now.

8. Gold in jewelry is probably worth more than the gemstone

Unless your ring or necklace has an unusually large and high-quality ruby, sapphire, emerald or other gemstone, it probably worthless — no matter how much you paid for it, or how much you love it. However, the gold setting is absolutely worth its weight in gold.

TO READ MORE:  https://www.yahoo.com/creators/lifestyle/story/what-most-people-dont-know-about-selling-gold-for-cash-162602378.html

The Problem With Supporting Adult Children

The Problem With Supporting Adult Children

Maurie Backman   Mon, December 1, 2025  Moneywise

My adult son lives with me and has a Wal-Mart job. I asked him for rent but he refuses to help. How do I resolve this?

Forget the concept of 'childhood home'. For a growing number of adult children, the place they grew up is their adulthood home, too.

Rohan Shah, an assistant professor of economics at the University of Mississippi, reports in The Conversation that in just 10 years, 1.5 million more young Americans (34 and under) chose to live at home (1).

According to the Pew Research Center, the trend is especially concentrated in California, Texas and Florida.

Shaw says the housing crisis is definitely contributing to the phenomenon, as young people struggle to pay rent let alone buy a home.

More adult sons live at home than daughters (20% versus 15%, respectively) (2). Maybe it’s hard to turn down mom’s cooking and laundry.

The set-up can be win-win, allowing parents to help their kids save a lot of money. According to Rent Cafe, median rent across the U.S. hit $1,743 this November (3).

So if you’re asking your adult son for $650 a month rent, you’re offering a great deal he shouldn’t refuse.

After all, you’re not only taking care of his financial security, but you need to focus on your own long-term security by saving more for retirement.

So if your son refuses to pay you rent, it’s time to have a serious talk and set some boundaries and expectations.

The Problem With Supporting Adult Children

Unfortunately, this is a common problem. A 2024 survey from Savings.com found that 61% of adult children who live at home contribute $0 to household expenses (4).

Meanwhile, the same survey found that 47% of parents support grown children financially, to the tune of $1,384 per child per month.

The math is troubling, as these parents are only setting aside $609 a month in retirement savings, less than half what they’re investing in their adult kids.

No surprise then, that a U.S. Bank survey found that almost 25% of parents worry their children will depend on them financially for years to come (5).

To be fair, young adults don't have it easy. Inflation spiked in recent years, and many students graduate college with piles of debt.

TO READ MORE:  https://www.yahoo.com/finance/news/adult-son-lives-wal-mart-140000703.html

7 Telltale Signs You’re Growing Wealth Like a Millionaire

7 Telltale Signs You’re Growing Wealth Like a Millionaire

Caitlyn Moorhead   Tue, November 25, 2025   GOBankingRates

If someone is a millionaire, there are usually signs beyond the number in their bank account. If you are trying to get on the wealth-building path to reach millionaire status, you may need to adopt habits, values and financial strategies that represent true wealth.

Moving from aspiring to having actual riches takes noticeable shifts in your behavior around money management, especially when it comes to your spending and savings habits. Identifying these ways to edit is important because they show not just where financial success is possible but also a mindset that’s focused on lasting wealth creation.

Simply put, if you’re looking for clues on how to be rich, you might want to do as a millionaire does. Here are some key signs you are making the financial decisions they would.

You’re Diversifying Your Portfolio

A diversified investment portfolio is a hallmark of a millionaire. This portfolio typically extends beyond stocks and bonds, toward encompassing real estate, business ventures and perhaps alternative investments like art or private equity.

When you are saving for retirement or a big-ticket item, diversification isn’t a random act of finance. It’s a strategic approach to spread risk and maximize returns by avoiding putting all of your nest eggs in one basket.

You Strategize Your Financial Planning

Another key sign of a millionaire is making strategic financial planning and investment decisions. Your goal isn’t just about saving money but rather creating a comprehensive roadmap for earning, saving, investing and spending. Millionaires understand that a well-thought-out financial strategy is crucial for wealth accumulation and preservation.

You Have an Emergency Fund

Robust savings and substantial emergency funds are common among millionaires. They understand the importance of having a safety net that should have at least three to six months’ worth of expenses in it to cover you should something unexpected happen such as medical bills or job loss.

TO READ MORE:  https://www.yahoo.com/finance/news/7-key-signs-millionaire-status-130008582.html

What To Do When You're Named Executor

What To Do When You're Named Executor

Maurie Backman  mSun, November 23, 2025  Moneywise

My aunt died and I’m shocked to learn I have to settle her estate. What to do when you're named executor

Most people need time to process things when a family member dies. But if you’ve been named executor in their will, you have to start processing immediately.

After all, you’re now legally responsible for the administration of their Estate.

As executor (alternatively known as personal representative or administrator depending on your state), you must ensure your relative’s finances are settled and their final wishes respected.

The weight of all that may trigger emotions besides grief. For example, shock — especially if your late relative named you the executor of their will without your prior knowledge.

You may feel overwhelmed and even resentful.

You can even refuse to take on the role, but if your relative named you because they trusted you above everyone else, you may feel obliged (1).

If you find yourself in this position, it’s a good idea to take a beat to sort out what you are and are not obliged to do.

Here is a more detailed breakdown of what this role entails (2).

The First Steps In The Probate Process

First, you need to obtain a copy of your relative's death certificate, which you can get from the funeral home or the county or state where their death occurred

If you don’t have a copy of the will, obtain one, read it thoroughly and file it in probate court in the county where your relative lived. Notify all beneficiaries of the will’s contents.

It’s common to hire an attorney to handle probate, which is the process of proving a will’s validity in court. If you do hire a lawyer, their legal costs will be covered by proceeds from the estate.

Probate is essential. You cannot distribute assets from your family member’s estate until the probate process is completed and you’ve settled all debts related to the estate.

This can be a lengthy and complex process, so it’s important to manage beneficiaries’ expectations. If conflicts break out, do your best to mediate the disagreements.

Settling A Late Relative’s Finances

TO READ MORE:  https://www.yahoo.com/finance/news/aunt-died-m-shocked-learn-123000514.html

The ‘Biggest Crash In History’ Is Starting, How To Prepare Now

The ‘Biggest Crash In History’ Is Starting, How To Prepare Now

Jing Pan  Sat, November 29, 2025   Moneywise

Robert Kiyosaki Warns The ‘Biggest Crash In History’ Is Starting, Says Millions To ‘Lose Everything.’ How To Prepare Now

As markets push into their final stretch of 2025, “Rich Dad Poor Dad” author Robert Kiyosaki has issued a chilling new warning.  “BIGGEST CRASH IN HISTORY STARTING,” he wrote in a recent post on X (1).

According to Kiyosaki, this is the very downturn he’s been predicting for more than a decade — and he believes the fallout will be severe.

“In 2013 I published RICH DADs PROPHECY predicting the biggest crash in history was coming. Unfortunately that crash has arrived. It’s not just the US. Europe and Asia are crashing. AI will wipe out jobs and when jobs crash office and residential real estate crashes.”

At first glance, his warning may seem at odds with the U.S. stock market, where the S&P 500 and Nasdaq remain near record highs. But concerns about AI-driven job losses are widespread — and layoffs continue to dominate headlines (2).

The silver lining, according to Kiyosaki?

He believes this environment could create enormous opportunities for those who prepare.

“While millions will lose everything…. if you are prepared…this crash will make you richer,” he wrote.

So how would Kiyosaki prepare?

“Time to buy more gold, silver, Bitcoin and Ethereum,” he said.

Let’s take a closer look at these assets.

Precious metals

Kiyosaki has never been shy about his love for gold and silver — and in moments of crisis, he turns to them with even more conviction. His stance is clear: “I’m not buying gold because I like gold, I’m buying gold because I don’t trust the Fed,” he said in an interview back in 2021 (3).

Gold and silver have long been viewed as safe-haven assets. Unlike fiat currencies, they can’t be printed at will by central banks and their value isn’t tied to any single country or economy. That scarcity, combined with their history as a store of value, is why investors often flock to the metals during periods of inflation, economic turmoil or geopolitical instability — pushing prices higher.

This time, he’s putting special emphasis on silver.  “Silver is the best and the safest. Silver is $50 today. I predict silver will hit $70 soon and possibly $200 in 2026,” he wrote.

TO READ MORE:  https://www.yahoo.com/finance/news/robert-kiyosaki-warns-biggest-crash-112900040.html

5 Things In Your Home That Could Be Worth A Fortune By 2030

Finance guru reveals 5 Things In Your Home That Could Be Worth A Fortune By 2030

Jill Schildhouse     Fri, October 10, 2025

Before you toss out that old tech or childhood toy, an investment pro says these everyday items could be worth thousands within the decade.

An investment expert is urging Americans to dig through their attics and garages—because some of what’s gathering dust could fund their retirement by 2030.

Adam Koprucki, founder of Real World Investor, says many people are unknowingly sitting on collectibles that are appreciating faster than traditional investments. “Most people throw away items that could pay for their retirement in just a few years,” he says. “The truth is, certain everyday objects sitting in your home might be worth more than your stock portfolio by 2030.”

Koprucki points to vintage tech, pop-culture collectibles, and nostalgia-fueled memorabilia as the next frontier for investors. The U.S. collectibles market hit $62 billion in 2024 and is projected to grow to $83.7 billion by 2030, according to data from Grand View Research.

1. Vintage tech

First-generation Apple products are leading the charge. “Original Apple products continue their rise in popularity among collectors,” Koprucki explained. “The first iPhone, released in 2007 for $499, now sells for more than $20,000 sealed in its box—and could easily surpass $50,000 by 2030.”

2. Toys, comics, and trading cards

From Star Wars action figures to Pokémon cards, nostalgia remains a gold mine. Koprucki says sealed Transformers toys from the 1980s can reach $20,000, while first-edition Harry Potter books that once cost under $20 now fetch over $50,000. Condition is everything—mint items in original packaging can be worth ten times more than used versions.

3. Vintage video games

TO READ MORE:  https://creators.yahoo.com/lifestyle/story/finance-guru-reveals-5-things-in-your-home-that-could-be-worth-a-fortune-by-2030-211315832.html

5 Everyday Money Habits That Quietly Drain Middle-Class Wealth

5 Everyday Money Habits That Quietly Drain Middle-Class Wealth

Cindy Lamothe   Tue, November 25, 2025  GOBankingRates

We all know money can slip through our fingers — but sometimes it’s not flashy splurges or big mistakes that do the damage.

It’s the little, everyday habits that quietly chip away at your hard-earned wealth. If you’ve ever wondered why your bank account doesn’t quite grow despite steady paychecks, you’re not alone.

 “Increasing prices have led to the survival debt of most Americans,” said Jeffrey Hensel, broker associate at North Coast Financial. “The change is usually nuanced to the middle class, and it starts with small changes in their lifestyle, which gradually escalate into huge financial burdens.”

Let’s take a closer look at some common money habits that could be holding back your financial growth — and what to do about them.

Credit Card Debt

According to Olivier Wagner, founder and CEO of 1040 Abroad, credit cards can be a very efficient help in managing one’s flow of income and obtaining needed benefits but they can also do much to ruin one’s wealth if they are not used with care.

His recommendation? Always pay your bill in full from month to month so as to escape from interest.

“Always charge your purchases to your credit cards that you can pay long before the bill comes due,” Wagner advised.

Stay on Top of Subscriptions

“Most people have a problem with not paying attention to their bank statements, because the small charges are not worth looking up individually,” said Wagner.

As a result, he said all together they will amount to hundreds and thousands of dollars over the course of a year. Wagner recommended regularly checking your bank statements to cancel those subscriptions that you do incur charges for.

Checking into this periodically will free up hundreds of dollars a year for you to allocate for investment purposes for you or funds to put into savings.

Avoid Impulse Purchases

TO READ MORE:  https://www.yahoo.com/finance/news/5-everyday-money-habits-quietly-165505276.html

5 Brutal Truths About Building Wealth

5 Brutal Truths About Building Wealth

Cindy Lamothe  Mon, November 24, 2025 GOBankingRates

Building wealth isn’t all sunshine and Instagram-worthy moments. While everyone loves talking about side hustles, passive income and shiny financial freedom, the truth is a bit grittier. There are no shortcuts, no magic formulas and, yes, some tough lessons along the way.

Here are some brutal truths about building wealth that will help you in the long run.

1. It’s a Long, Slow Game

“Building wealth is unfortunately about playing the long, slow game,” explained Brett Horowitz, principal and wealth manager at Evensky & Katz / Foldes Financial Wealth Management.

He said most people know someone who struck it rich by buying Apple stock 30 years ago or Nvidia stock 10 years ago. “The truth is that those investors had to sustain long time periods where they either lost money, or barely made money,” he said.

Both companies were mostly irrelevant at some point and investors who held those stocks were extremely fortunate, or proficient, but mostly fortunate, to have made so much money holding those stocks. “Picking individual stocks is often a recipe for failure and the best way to make money is through hard earned saving,” he said.

2. Trading Is Hazardous to Your Wealth

While some may view trading as a way to build wealth, it may not be a good option. According to Horowitz, the more often you trade, the worse you do. “Or as we say ‘your portfolio is like a bar of soap, the more you play with it, the smaller it gets,'” he said.

He noted that overconfidence can explain high trading levels and the resulting poor performance of individual investors. “Our central message is that trading is hazardous to your wealth,” he said.

Horowitz explained that trading typically involves fees and taxes, so the more you trade, the more these costs drag down the portfolio’s return.

3. Your Fear Is Costing You Big

TO READ MORE:  https://finance.yahoo.com/news/5-brutal-truths-building-wealth-160605824.html

“Oops! We’re a Major Silver Producer Now”

“Oops! We’re a Major Silver Producer Now”

Notes From the Field By James Hickman (Simon Black)  November 20, 2025

When mining superintendent Marcus Daly arrived in Butte, Montana in the late 1870s to evaluate a cluster of silver prospects, it was a mundane business trip— the mad western gold rush was over by then.

The area was known for its patchy silver veins, and Daly’s job was to decide whether there were still any mines worth buying.  All the ‘experts’ thought the boom was over. Gold and silver had fallen out of favor... and mines were selling for less than the value of the dirt.

So when Marcus Daly went underground at a modest site called the Anaconda, he noticed the ore didn’t look like a typical silver deposit... and that something much bigger was hiding below.

Daly pushed for the property’s purchase—about $30,000 which would be about $1 million today. His reasoning? Beneath the silver veins, Daly had spotted a massive copper system.

The timing couldn’t have been better for a nation racing into an industrial age.

Telegraph lines, electrical wiring, motors, early power systems — America was devouring copper as fast as anyone could pull it out of the ground. And Daly’s discovery pushed the Anaconda operation from a forgettable silver claim into one of the engines of American industrial growth.

For years, that copper carried what became the Anaconda Copper Mining Company.

Output scaled, profits climbed, and Butte became synonymous with industrial metal.

But the silver never went away. As miners pulled the copper out of the ground, they were also extracting silver... which was sort of ‘in the way’ of the copper.

At first the silver was just an afterthought; Anaconda was a copper company, plain and simple. They just happened to mine some silver, almost begrudgingly, as an afterthought. And throughout the early 20th century and the Roaring 20s, nobody paid attention.

Then the Great Depression hit.

Copper demand—and prices—collapsed almost overnight as factories slowed, construction stalled, and electrical projects were shelved indefinitely.

Anaconda took a beating like everyone else—but it didn’t fold.

The “accidental” silver kept generating revenue even as the industrial economy stalled... and that silver revenue kept Anaconda alive when competitors were going out of business left and right.

It gave the company the diversification it needed to survive the worst phases of the worst commodity cycle — and stay standing when others didn’t.

This is far from an isolated incident—the mining industry is no stranger to these necessary pivots.

And it’s also not just a quirky footnote— it’s the kind of setup that gives investors a chance to buy into something most investors write-off.

For example, the latest edition of our premium investment research newsletter featured a company that ordinarily mines a critical industrial metal—one that’s necessary for all modern technology.

Funny thing is, this company also just happens to produce gold and silver.

They never set out to be precious metals miners. In fact, the company has been extremely successful in its core industrial metal business.

But with gold and silver prices hovering near all-time highs, the company is now minting profits from precious metals. Revenue is through the roof, but shareholders of the business are basically getting all of it for free.

That’s because, right now, the company’s stock is trading at a fairly low multiple JUST based on its industrial mining revenue... which means the market is valuing all the gold and silver production at zero. That’s completely absurd.

Overall this company trades at just FOUR times earnings. At that valuation, even if it were just an industrial producer, it would still be undervalued.

But it also produces enough silver to be close to a top 10 producer in the world.

There’s no rational reason for this business to be selling for such a cheap price. Yet the recent selloff in gold and silver prices only made it cheaper. Some mining companies fell 30%, even though they're still raking in record profits.

To your freedom,         James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/oops-were-a-major-silver-producer-now-153915/?inf_contact_key=f0a788da85fc4d6a6683a85762244fc59ee4b048ce23149d13a848abfdc3679b

3 Ways To Overcome Fear of Spending in Retirement, According to a Financial Expert

3 Ways To Overcome Fear of Spending in Retirement, According to a Financial Expert

T. Woods   GOBankingRates

James Canole is the founder of the financial advice website Root Financial Partners, and is a CFP professional/financial advisor whose podcast, “Ready for Retirement,” helps guide people toward a comfortable and prosperous nest egg for their retirement years.

On a recent episode of his podcast series, Canole spoke to a retiree facing a fundamental challenge: how to comfortably spend money in your retirement.

Canole introduced his guest, “Ben,” as a man who “saved aggressively” so that he could retire at the age of 53. However, while Ben is enjoying his retirement, he’s found it incredibly difficult to spend money on certain things.

Growing up with a single mom, Ben came to appreciate what “a very important channel for us” money was, and how much he needed to value and appreciate it. As he became older, and aggressively saved in order to build a portfolio upon which he could retire early, his value of money only increased.

As such, Ben has found that the major issue for his retirement has been the struggle to give himself permission to spend the money that he saved and earned. “I hate to say that I’m denying myself,” he lamented, “but I oftentimes feel that that’s the case right now.”

Making the transition from “a saving to a spending mindset” was a problem he never anticipated, but it is one he has had to confront now, to the point that his retirement spending actually continues to decrease. Through Ben’s discussion with Canole, however, the two worked out ways to overcome the fear of spending and allow Ben to enjoy his golden years.

Give Yourself Permission To Spend

You’ve worked hard for your retirement, and you’ve planned ahead. This is the moment you’ve been saving for. If you don’t spend on yourself now, when will you?

Commit to a Spending Decision

Once you book a vacation, or plan a big purchase, stick to it. Ben noted that he booked an expensive vacation for he and his family, and “once I made the decision, then I didn’t regret it at all and I kept thinking that I purposely set up those funds at the beginning of the year so I could do things like that.”

TO READ MORE:  https://finance.yahoo.com/news/3-ways-overcome-fear-spending-120021438.html

10 Harsh Money Lessons That You Never Learned in School

10 Harsh Money Lessons That You Never Learned in School

By Martin Dasko / STUDENOMICS

“They should teach personal finance in college.”

“I wish I learned more about money in school instead of studying all that useless stuff.”

I’ve seen a variation of this message on social media over the years. Personal finance is one of those topics that we have to figure out on our own as we go through life, and it can be highly frustrating. This is why I wanted to look at what you likely weren’t taught about money as a high school or college student that you should know.

Here’s what college and high school never taught you about money that you need to know.

Money lessons you didn't learn in school

I can’t tell you how many times a reader or friend complained about how they learned nothing about finances in school. You have to figure out credit scores, mortgages, credit cards, investing, retirement planning, budgeting, being able to afford a Friday night with soaring inflation, and career advancement all on your own.

You don’t learn much about personal finance and money management as you go through the education system. You go from trying to get by as a broke college student to being thrust into the real world, where you suddenly have to worry about paying your bills, all while trying to figure out how to balance between saving for your retirement one day and trying to afford all of these weddings that you have to attend.

Let’s go over what every young person should learn about money right now that you probably won’t learn in college or high school. These are ten money lessons that should be taught to all young people.

Lesson #1: The World Is Designed To Separate You From Your Money.

“I firmly believe that everything in this world is designed to separate you from your money.”

An economics professor dropped this gem on us one morning (so I technically learned this in college). Since hearing this, I can’t stop thinking about it because it’s accurate. He described how everything is happening around us to take our money.

There will always be something to spend money on. You can’t scroll social media for more than two seconds without being sold something. There are ads for everything, and the ads are targeted to promote something you likely discussed an hour earlier or thought of in your mind.

What can you do about this?

Save first. Always pay yourself first. Have money automatically come off your paycheck. Don’t attempt to save when you don’t spend after getting paid. Save first.

Hide/lock your money. I call this the Houdini System. I hide my money in an investment account and ensure I cannot access it.

Stop saving your credit card details with every online retailer. It’s ridiculously easy to spend money these days. Don’t save your credit card information with Amazon. You don’t always need everything delivered to you in minutes.

Set priorities. I’ve learned that you can have anything you want, but you can’t have everything you want.

Whatever you do, never rely on willpower. Hide your money and set it aside. The world is designed to take your money from you. On top of finding ways to keep more of your money, you also have to ensure that you don’t get scammed. The video below covers this…

https://www.youtube.com/watch?time_continue=15&v=C0BfZKUKIVY&embeds_euri=https%3A%2F%2Fwww.studenomics.com%2F&source_ve_path=Mjg2NjY&feature=emb_logo

Lesson #2: You Must Figure Out Where Your Money’s Going.

“I have no idea where my paychecks go.”

I’ve heard this from many friends over the years, and it’s always startling. I understand why this happens, though. Life comes at you fast, and everything that you want to do is expensive. Suddenly, you’re a week removed from payday and have no idea where your money went.

You don’t have to track every penny, but knowing where your money’s going is essential. You don’t want to be confused as to why you’re broke. You have to figure out where your money’s going.

How do you figure out where your money’s going?

TO READ MORE:  https://www.studenomics.com/after-college/money-school/