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Digm Piece (Op-Ed)

Does Money Buy You Happiness or Does Happiness Get You Money?

You don’t need a financial expert to start you on the road to wealth. All you need is a pen, paper, and a vision. The following are three ways to get the money whether it’s before happiness or after:

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According to Ben Feder, Author and President of International Partnerships at Tencent Games, it turns out that happiness is a learnable skill, and it’s something you can practice. He recently stated, “By being mindful of our thoughts and deliberately turning them around to be more positive and optimistic, we can, over time, create new neural pathways so that our overall disposition is happier.” This is something that I’ve always believed; as the saying goes, Life is what you make it. But if happiness is a learnable skill, can you learn to be happy without money? Is it even possible to be happy if you don’t have money? Or can your happiness lead you to getting money? All great questions but my belief and experience tells me that if you fail to plan, then you plan to fail.

Most millionaires don’t become wealthy by accident, and billionaires get this status on purpose. While millions of people play some form of the lottery every single day more lose than they win. And those who win tend to end up in the same position they started from (if not worse) due to the lack of financial planning. You don’t need a financial expert to start you on the road to wealth. All you need is a pen, paper, and a vision. The following are three ways to get the money whether it’s before happiness or after:

Survey Your Current Situation. Take stock of your current financial status. What is your current salary and income? List your expenses and financial responsibilities. Jot down all of your bank accounts and the balance for each. Also, include your spending habits and what you do for entertainment.

Consider Your Aim. Where do you want to be in six months, one year, three years and then five more. A key is envisioning the lifestyle you’d like to have and then match it with how much it would cost. If you see yourself going to Paris next summer, how much will your flight and lodging expenses be? Check out the price of food and shopping.

Discover the Steps to Get There. Based on your current situation and desired goals figure out the steps needed to get you there. If you want to have 10,000 dollars in savings, how much do you need to save on a monthly basis to get you there? Leave room for unexpected money to flow into your life too. The important thing is you are committing to experience your ideal life.

Ash Exantus aka Ash Cash is one of the nation’s top personal finance experts. Dubbed as the Financial Motivator, he uses a culturally responsive approach in teaching financial literacy. He is the Head of Financial Education at BankMobile and Editor-in-Chief at Paradigm Money. The views and opinions expressed are those of Ash Cash and not the views of BankMobile and/or its affiliates.

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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