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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?
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
Exchange Traded FundsMJ 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 money tipsbudgetwhat is living paycheck to paycheck?us statisticscredit card APRstudent loansFAFSA: 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.
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