Category Archives: finance
We are excited about the future of The LI$T and you should be too! The LI$T Expands our Network Over the past month we have taken our site into a new direction, focusing on giving advice in-person! We finished the month March by presenting a professional workshop at the National Society of Black Engineers (NSBE) – National Convention in Pittsburgh, PA. NSBE is one of the largest student run organizations in the world and its convention hosts 10,000 high school and college students as well as alumni and corporate sponsors. We enjoyed attending workshops, corporate networking events, and meeting students who we can help in the future. Face to Face Networking in the Facebook Generation Our 50+ workshop attendees (including collegiate members from Region 1, 2, and 3 and corporate recruiters) learned how to perfect their networking skills by focusing on small talk, discussed good networking characteristics, and practiced their …
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Also posted in college, featured, networking, networking, workshops, workshops
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When it comes to finances, (at any age really) few things are more confusing and misunderstood as compound interest. In simple terms, compound interest is the interest accrued not only on the total amount borrowed/invested, but also on the prior interest charged/earned. Now compound interest can either lead you to the financial promised land or straight to the poor house depending on how you use it or how it uses you. Nothing explains the pure power of compound interest better than good old fashioned examples. Check out these examples that I found below that describe compound interest in ways we can ALL understand. How compound interest can be your best friend: Example 1 from Get Rich Slowly (one of my favorite financial blogs): For example, if 20-year-old Britney makes a one-time $5,000 contribution to her Roth IRA and earns an average 8% annual return, and if she never touches the money, that …
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Also posted in finance
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Introducing our newest guest blogger: Terence! Terence is a recent graduate of Georgia Tech‘s Civil Engineering program and he now works as a Construction Engineer for Bechtel Corporation. He writes an entertainment and sports blog and he will share some insights about college life and transitioning from school to post-grad life. —– Now that I am in the real world, there are a few things I want to get a handle on, and none more important than making sure my finances are in order. I did an ok job of managing my money in college, but as a working individual (and no longer under my parents’ financial support) there are many more items to keep track of: – Bills – Paychecks – Travel expenses – Food – Miscellaneous items (Movie Festival Tickets, Baseball Games, St. Patty’s Day Bar Crawls, etc.) With all of that in mind, I want to make …
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Also posted in budget, goals, guest blog, planning
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Photo Source I admit it. I am a boomerang kid. I graduated, got a job, moved to a new state for two years, and then decided to move back home and apparently I’m not alone. Listen to this: According to a study conducted by Twentysomething Inc, a consultant firm that specialized in young adults, roughly 85% of college grads from the class of 2011 will move back home with their parents! I don’t know about you, but that figure completely astounds me. At a time when most young adults are looking to expand and begin their lives, many are being forced to move back home primarily due to financial obligations (student loan and credit card debt) or a lack of employment opportunities right out of school. It has been four plus years since you left your parent’s home and so much has changed since then. You grew up and learned …
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Also posted in career, generations, planning
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Photo Source Before we get started, yes ‘Bath’ is spelled incorrectly in the picture to the left. These are the details one should be paying attention to before signing a lease. Okay, back to the regularly scheduled programming… For many of us, getting an apartment is our first taste of freedom. It can be a fun and exciting time finally getting to live on your own. Spending your days on sites like apartmentratings.com and apartmentfinder.com is how many of us start the search. Even though getting an apartment is the next step for most of us in our early adult lives, there is very little that is explained about the pre-rental experience. Sometimes not asking the right questions about renting an apartment can lead to a costly mistake in the future. Everyone tends to ask about the cost of rent and the square footage of the apartment, but here at …
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Also posted in planning
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Brazen Careerist