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Digm Piece (Op-Ed)

For Time or Money: Living Everyday Like It’s Friday!

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Most look forward to the weekend because it means more time to do what we actually like doing. Clocking out on a Friday evening is met with as much glee as our paycheck. But we should take a moment to understand why this is so and more importantly what we could do to live every day like a Friday.

The Value of Time.How much is your time really worth? Can we even put a price tag on it? Time, unlike money, is infinite, however, if spent doing something we’d rather not be doing the hours tend to be too long or not enough. What we are really after when seeking financial freedom is the ability to spend our time however we like. The key to having more time while working is actually enjoying what you do. People say if you do what you love, you’ll never work a day in your life. Finding your passion and finding a way to get paid for it is a dream in and of itself. We must spend time producing something that is more valuable than the time it takes to do it.

Save Money Get More Time. The more money you save the more time you have. Imagine saving one year’s salary. You could technically not work for an entire 365 days and cover all expenses (considering all things are equal). This is the goal of retirement; saving enough money to cover expenses and then some once one retires from working. The sooner you begin to save, the better you’ll be.

Young adults tend to think they have more time ahead of them while those in old age feel as if their time is short. Depending on your stage of life time carries a different meaning. Either way, we all understand how precious time is. Money is an exchange of goods, services and yes time. Taking an Uber versus walking; microwaving versus baking; working five days a week or two. All of these represent a trade-off. The questions you must answer is it worth my time or is it worth my money?

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.

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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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