229: The 6 Money Mistakes High School/College Students MUST Avoid

229: The 6 Money Mistakes High School/College Students MUST Avoid

Most college students know next to nothing about money. Even worse, many of them sign on to expensive student loans with almost no plan on how they’re going to pay it back. While this is the average, some people, like Nathan Kennedy, host of The New Money Podcast, did things differently. Although he overspent a bit going out in college, Nathan graduated with a degree and $40,000 in cash, a MASSIVE amount for any college student. Through applying for grants, working at on-campus jobs, and collecting tip money as a bartender, Nathan was able to graduate in a solid position, allowing him to invest heavily in the stock market during the 2020 crash. Now, Nathan teaches others how they can strengthen their financial position through hard work, planning, and constant content consumption. If you have children who are in high school, college, or are newly graduated, send them this episode so they can have a leg up on future finances! In This Episode We Cover The importance of tracking your expenses and budgeting properly Vision boards, daily logs, and other ways to plan for your success Pursuing grants and scholarships WHILE school is in session Becoming a constant content consumer Money mistakes that many college students make (and how to avoid them) Making time for health, fitness, and no-phone relaxation And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(744)

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7 Feb 202544min

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4 Feb 202555min

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How can you use your retirement accounts to reach FIRE faster? We’ve talked a lot about the “middle-class trap”—having too much of your net worth trapped in your retirement accounts and home equity—an...

31 Jan 202551min

The Middle-Class Trap That Could Keep You from FIRE (How to Escape It)

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Buying a house, maxing out your 401(k), and leveraging real estate can help you achieve financial independence. But suppose your goal is to retire early. Could relying too heavily on these principles ...

28 Jan 202537min

The One Thing Most FIRE Chasers Get Wrong (and Later Regret in Retirement)

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24 Jan 202542min

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