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Digm Piece (Op-Ed)

Act Like You’re Broke, And Become Rich!

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There is a fine line between appearing wealthy and actually being wealthy. Studying under professors like William D. Danko, co-author of The Millionaire Next Door taught me a lot about what it really means to well…be a Millionaire.

Often times we equate wealth with material possessions; cars, homes, and clothes. But most millionaires don’t parade their net worth around like a logo on a well-crafted sweater. An essential key to amassing great wealth is living below your means. Earning more than what you spend leaves extra cash, and extra cash means more to save and invest for long term financial gains.

Here are some things you can alter to add to your bank account:

  1. Make your coffee at home. You are wasting money buying a $4.75 cup of coffee. It’s okay to get an amazing reusable coffee mug and make your morning joe or my favorite blueberry tea with honey at home. A bag of coffee can run about $9. You already getting your money’s worth with brewing just three cups.

 

  1. Walk, bike or take the train. Don’t get caught up in having a set of wheels. If a car isn’t making money or making your life easier take public transportation or jog.

 

  1. Be creative with your extra-curricular activities. If you are experiencing financial difficulties chances are the closest 5 people around you are too. News flash, your friends aren’t making millions either. Be real about your money and be resourceful when it comes to fun. If your squad can’t understand, they will when you level up in the near future.

 

  1. Credit Cards aren’t free money. Friendly reminder: You actually have to pay back what you spend on credit. Instead of using it while dining out or shopping, use it for monthly bills you already have the cash for. Then pay it off at the end of every billing cycle. This helps build your credit and prevents you from overspending.

 

  1. Have Patience. You don’t need that extra pair of shoes or video game now. By cutting back on items like those above, you open the door to spend on things you really like but don’t blow it all in a day. Think about your next purchase for about one week. If you still really want it go get it (if you can afford it). But you may be surprised once the social media frenzy fades and your heart slows down after seeing that latest must have, you may realize your just fine without it.

Tashima Jones is co-founder of Tashima Jones Media, an online television platform & advertising company connected to the independent creative. She is also the author of Being Broke Made Me Rich, a financial memoir likened to Paulo Coelho’s The Alchemist based on personal experiences and the lessons they taught on being rich. Visit www.TashimaJones.com for more.

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Digm Piece (Op-Ed)

Top Ten Freshman Money Myths

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Starting college is one of the most important and exciting times of your life. Now that you’re all “checked-in,” enjoy your college experience without worrying about where your next meal will come from by chasing away these common freshman money myths. (more…)

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Digm Piece (Op-Ed)

Do What You Love for Free – Here’s Why

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This is ParadigmMoney.Com, right? So, speaking about a paradigm shift should come as no surprise. In science and philosophy, a paradigm is a distinct set of concepts or thought patterns, including theories, research methods, postulates, and standards for what constitutes legitimate contributions to a field. When speaking about money, most believe it is something you work for and not something that works for you. In all truth, the one percenters understand this concept quite well. In order, to wake up and do what you love, you too must shift your thoughts when it comes to finances.

Doing what you love for free allows you to create freely. You can come up with disruptive, out of this world, never seen before creations that will rock this planet. Take Elon Musk from South Africa, founder of X.com which went on to become PayPal and sold to eBay for 1.5 billion dollars. Musk is also the CEO of SpaceX which designs, manufactures and launches advanced rockets and spacecraft. The company was founded to revolutionize space technology, with the ultimate goal of enabling people to live on other planets. You may say, of course, he can do this, he is a billionaire and co-founder of Tesla.

Not true. PayPal, Tesla, and SpaceX are all products of Musk doing what he loved. As a child, he was an avid reader and taught himself computer programming leading to the creation of X.com. He dropped out of college to start a company with his brother and here’s what he had to say about that PayPal deal… “My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent.” Elon Musk’s current net worth is estimated to be at about $13.3 billion. No bad at all.

The reality of the matter is the less you are attached to money the more money flows to you. Pay more attention to creating things that move the culture forward. Starting at doing what you love with ultimately position you for financial success and happiness.

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Digm Piece (Op-Ed)

How Much Does College Cost?

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How much does college cost these days? If you’re preparing to go to college and will need to find a way to finance your own education, this is one of the first steps to figure out.  Then you’ll want to find out all of your options and create a plan. Here’s a quick breakdown on the typical cost of college. (more…)

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