Success: 8 Financial Tips for Young Adults from Investopedia.com
January 12th, 2010
The other night at a dinner party a parent told me that when their daughter graduated college she didn’t know how to write a check or balance her checkbook. Now to some this might sound crazy but this young lady was no fool. She was (and still is) bright, driven and grounded. The issue was that her parents had always given her the money she needed to get by. Any expense she had her parents wrote the check for. Personally, I think personal finance needs to become a mandatory course in our school systems. Until then read Investopedia.com’s article “8 Financial Tips for Young Adults”. Here are their 8 Tips:
- Learn Self Control
- Take Control of your Own Financial Future
- Know Where Your Money Goes
- Start An Emergency Fund
- Start Saving For Retirement Now
- Get a Grip on Taxes
- Guard Your Health
- Guard Your Wealth
To read their full advice for each tip click here.
I’ll admit that I’m still on the wild roller coaster ride of figuring out my finances. I can interpret financial speak as well as I can interpret German, which is not at all. Luckily with the help of my mother, friends and trusted advisers I’ve been able to read through a collection of books that helped explain my finances in a friendly, digestible way that kept me interested. Well about as interested as I can get. Here are suggestions from my own personal library:
The Money Book for the Young, Fabulous & Broke by Suze Orman ($10.88)
I’ve gotta admit, Suze Orman is one kick-ass career chick. You’ve seen her on Oprah, you’ve seen her on bestseller book lists, you’ve seen her on her own television show. This book is geared specifically to 20-somethings who have graduated college with student loan debt and are facing a terrible job market. She gives you real-life advice that’s practical with step-by-step guides to get you to become young, fabulous & NOT broke.
You’re So Money: Live Rich, Even When You’re Not by Farnoosh Tarobi ($10.17)
This wonderful guide to living the glamorous life on a homely budget was recommended to me by my best friend, Chelsea. She had sooooo many rave reviews about it that I can’t even remember them all. So instead I’ll give you some of the reviews from Amazon.com:
“Farnoosh Torabi’s You’re So Money is the perfect blend of fresh advice and bold attitude necessary to educate a horribly underserved generation about personal finance.”
—Jim Cramer“You’re So Money is the best financial book for young people I have read in ten years. Farnoosh’s style is entertaining, straight to the point and powerful. You’ll laugh as you read and learn how fun it can be to live and finish rich!”
—David Bach, #1 New York Times bestselling author of The Automatic Millionaire and Start Late, Finish Rich
Robert Kiyosaki is a bit of a rock-star in the investment world. He has created a highly visible brand through his Rich Dad, Poor Dad series that has started out with books and now stems into seminars, games and videos. But there is a reason for all this. Robert makes things simple and makes it seem possible. He makes you feel like he’s from your camp, got a secret insight into the other camp, and then came back to report.
xoxo, Vanesa




































the end of the day when I say my prayers to God, The Universe, Buddha, Allah, Mother Nature, or whatever proper noun you may use to define the spiritual power that is out there, this saying always pops into my head, “If the only prayer you ever say is thank you, that will be enough.”



I’m the type of person that can spend hours in OfficeMax or Staples just staring at office supplies and how to get organized. But for some reason when it came to picking out my course schedule my priorities always gave way to other considerations. For example, my list of things to consider included: Open Fridays, no 8 am lectures, lecture location in proximity to my apartment, lecture location in proximity to Starbucks, lecture location in proximity to friends’ apartments and Final cannot run into same time period as Nordstrom sales. It’s tough to make sure your personal considerations coinside with your entire purpose of your education. I stumbled upon Kelci Lynn’s college blog on About.com where she has posted a great article,