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4/29/2019

money management

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Good to know


Create a Budget 

Rent                                  $500
Phone                               $50
Car                                    $250
Car Insurance                  $130
Gasoline                           $70
Electricity                         $30
Gas                                     $30
Water                                 $20
Food and Toiletries          $150
Health Insurance             $200

$1,455
Divide by 4 weeks= $363.75
Divide by 40 hrs= $9.09/hr
​
$10 should cover minimum expenses, subtract your expenses from your income and don't spend your bill money 

Consider taxes about 15% goes to Federal Taxes, Social Security, Medicare, State Taxes
​

How much does one get taxed?
Picture

​https://www.forbes.com/sites/kellyphillipserb/2018/03/07/new-irs-announces-2018-tax-rates-standard-deductions-exemption-amounts-and-more/

Picture

https://www.gordoncpa.com/2018/02/08/understanding-the-new-2018-federal-income-tax-brackets-and-rates/


https://studentloanhero.com/featured/income-tax-brackets-guide/


financial resources


Roth IRA: https://www.rothira.com/

For stock investment purchase: Robinhood.com

Can also invest with Acorns: https://www.acorns.com/

And Stash: https://www.stashinvest.com/

ETF (Exchange traded fund): a collection of stocks, can include stocks like Amazon

Cannabis Stocks are legal and likely to be a good investment: 
​https://www.pbs.org/newshour/nation/u-s-marijuana-companies-go-public-in-canada

​Consider: Investor Crazes

Consider: Interest Rates when you buy a car or get a credit card or loan

​Mutual Fund: https://www.investor.gov/introduction-investing/basics/investment-products/mutual-funds-and-exchange-traded-funds-etfs
​
Look for companies that will grow, each company names their stock with a few letters:

TTM: Tata Motors
ACB: Aurora Cannabis
Target
Walgreens
Honda: they are making electric self driving cars
TES: Tessco: manages blockchain technology
​

http://worldsupertravel.com/main/families-with-babies-riding-on-motorcycles-chinaindia-etc
https://www.latimes.com/archives/la-xpm-2009-mar-24-fg-india-car24-story.html

Exchange Traded Funds



MJ Cannabis ETF: https://finance.yahoo.com/quote/MJ/holdings/

SPYG: https://us.spdrs.com/en/etf/spdr-portfolio-sp-500-growth-etf-SPYG

Look at Holdings section to see what companies are in the ETF and what their weight is: 
https://us.spdrs.com/en/etf/spdr-portfolio-sp-500-growth-etf-SPYG


You can look up "ETF with AMAZON", or "ETF with Google", some are $200, some are $30

Look for ETFs that are very likely to grow:


ETF with AMZN: Amazon, GOOGL/GOOG: Google (Alphabet)
Blue Origin if it joins the stock market Belongs to the owner of Amazon, space exploration

Robotics and Artificial Intelligence ETF:

ROBO: https://finance.yahoo.com/quote/ROBO/

BOTZ: https://www.globalxfunds.com/funds/botz/
​
For stocks look at:
​

Div/Yield, some have 0, some have 2-5, it is how much they pay in dividends

A dividend is a percentage of a business's profits that it is paying to its owners (shareholders) in the form of cash also quoted as its payout ratio.

Volatility is how the price rises and drops, a stable company has some highs and lows but keeps steady growth, not high volatility

Look at the About Section of a stock: 
​
Company history, number of employees, who the company is working with, what companies they are collaborating with, who owns it and what they have done in the past



Roth IRA
https://www.facebook.com/TwoCentsPBS/posts/1394748304001039?sfnsw=cl



money tips



budget



what is living paycheck to paycheck?



us statistics



credit card APR



student loans



FAFSA:
https://studentaid.ed.gov/sa/fafsa


1-800-433-3243
Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243) for “My Federal Student Aid,” fafsa.gov

Types of financial aid:

There are four main types of financial aid for college students including grants, scholarships, loans, and work-study funds.

Pell Grants you don't have to pay back
Lottery Scholarship you don't pay back, keep a 2.5 GPA

Perkins Loan: You do pay back

For Scholarship Applications: 
​College Green Light:
https://www.collegegreenlight.com/


Tuition Examples:

UT Austin
​
In-state 10,092 USD
Out-of-state 35,682 USD
2016–17

NMSU

In-state 6,094 USD
​Out-of-state 19,652 USD
2016–17

DACC

In-state 1,968 USD
Out-of-state 5,184 USD

You can enroll in NMSU and take DACC classes to pay the DACC price, credits transfer over easily, you might want to do this for the basics, you get a check from NMSU for grants or scholarships that are extra money


NMSU Scholarships: https://fa.nmsu.edu/scholarships/

Scholar Dollars Online Application System: https://scholarships.nmsu.edu/ 

Medical School:

On average, medical school tuition, fees, and health insurance during the 2018-2019 academic year ranges from$36,755 (public, in-state) to $60,802 (public, out-of-state). Average private school figures come in just below public schools for in-state and out-of-state students, at $59,076 and $60,474, respectively.

https://www.shemmassianconsulting.com/blog/medical-school-tuition

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