One of the first things I have learned about money and something I have been taught since I was a child is, start small. Start by putting away a few cents/dollars depending on your income everyday. The trick is to start small, continue small but to forget about the money you have saved up. The forgetting part being the most important.

Lets be realistic, not everyone of us is privileged enough to be saving hundreds of dollars a week or as teens have them being saved by parents or guardians. However, the trick is starting and starting small. If you use your debit or credit cards a lot starting to save using this method is even easier. I know my bank has a service which automatically transfers anywhere from $0.50 to $5.00 for every transaction from my checking account to savings.

This means even with my morning coffee although I am spending money I am saving a bit. This starts a habit and after a while when you see at the end of the month you have saved about $50 dollars you realize that small daily transfers do add up. I know what you are saying- $50 is nothing, but this technique isn’t about saving hundreds and thousands but instead, its a step to take when you are just starting and thinking about developing savings and building wealth.

Let me know if you guys like this tip and feel free to comment and give me feedback.

J.G.

It seems like everything revolves around money in our society. As a 23 (soon to be 24) year old student, it seems like everyone around me has figured it out and is earning enough to be independent, buy the things they want and take care of themselves.

However, as I dig deeper I learn that even the smartest people don’t actually have a clue of what to do with the money they earn or end up living paycheck to paycheck. I saw this a lot working as a bank teller at my previous job, money would come in on payday and it would all be gone by the next. There was no retention or creation of wealth for many middle class people and I wondered how they would survive an emergency or how they would pass wealth down to their children.

After quitting my job and starting Law School, I found myself in the same boat. Whatever money I had saved up went towards paying tuition and whatever little money I earn now is going towards the bills.  Through all this I feel like I am starting from step 1- and I would like to share this journey and see how far I can get by educating myself and learning about the financial world (investing, bitcoin, forex) and seeing what kind of wealth I can create for myself and my family.

I will be sharing the tips/tricks I learn on my blog/instagram @1stoffinance

J.G.

A wise person should have money in their head, but not in their heart. –Jonathan Swift