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The Importance of Spending your Summer Wisely
Imagine you walk into your first interview, and at first, the discussion is going smoothly. You get asked your name and where you went to school, but then out of nowhere, you are hit with a difficult question: Tell me about what you did last summer. You think back to...
If You’re Going to Fail…Fail Fast
It’s no secret that when we’re kids, we know exactly what we want to do when we grow up. The world is your oyster, and your dreams are larger than life. Sometimes when I hear kids talking about their future, I feel their enthusiasm and security in their decisions, and...
The Perfect Formula for Finding the Right College
Finding the perfect college is no easy task. I felt like I had been struggling for weeks on end to find the school that best fit my personality. I went on about 15 college tours with my mom. Each college was completely different, and I thought as soon as I toured and...
Is There Value In TikTok?
As a marketing intern for Wealthy Habits and a 20-year-old growing up in the 21st century, I’ve spent a lot of time on TikTok. I’ve seen videos from a wide variety of people: comedians, songwriters, makeup artists, housekeepers… the list goes on. But the videos that...
Going to College 2,700 Miles from Home
One morning freshman year, I woke up with a fever of 102 degrees. Frantic and feeling awful, I called my mom. She didn’t pick up at first—8AM Eastern Time is 5AM Pacific, a time zone difference that I have grown to hate in moments like these. Student Health didn’t...
The STAR Method – The Key To Nailing An Interview Every Time
When in an interview, it’s important to directly address the question that you are being asked. Many and most interviewers are asking behavioral questions. These questions are designed to prompt you to answer in a specific way so that potential employers can learn and...
Getting Your Child Ready for the 2021-2022 School Year
The pandemic has certainly taken a toll on all of us, but our children’s education may have been the most affected by the upheaval of the last 14 months. Let’s face it, the US public education system has never been perfect. There has always been an Achievement Gap,...
Talking to Kids About Money: 3 Ideas to Keep in Mind
If your kids are teens or tweens, you probably talk to them about money in small ways just about every day. From the price of gas to the cost of new sneakers to the price of snacks, most parents and kids have quick conversations about money and how they spend it....
What Parents Need to Know about Helping Teens Budget
Many teens think they know almost everything – that is until they have to experience adulthood for themselves. Parents of adult children will likely tell you that when their children were teens they, as parents, “knew nothing,” but when the magic of adulthood came...
How to set a (realistic) financial goal – tips for teens
Setting a realistic financial goal – and reaching it – can be hard for anyone. But it can be especially challenging if you’ve never set a goal before and don’t know how to set a path to reach it. According to at least one report, and it’s admittedly a little dated,...
25 Questions to Ask Yourself When Choosing a College
25 Questions to Ask Yourself When Choosing a College Campus Location Would I rather be in a city or a small town? How difficult will it be for me to travel home? How far is the nearest grocery store and drug store? Can I tolerate cold winters or hot weather? Is there...
Colleges & Scholarships: What to Know Before Choosing a College
The new year is here, and college acceptance letters will be arriving in a few short weeks. Once those letters arrive, you and your teen will experience a wave of emotions. That’s why January and February are the perfect months to make sure you and your teen have...
Building Smart Financial Habits in Teens
According to scientists, it takes an average of 66 days for a new behavior to become automatic, or in other words, to become a habit. But does that include financial habits? Unlike exercising or eating right, smart financial habits offer results you can immediately...
5 Ways to Shop this Holiday Season
Shopping this year will look completely different than last year. Some of our favorite retailers may not exist anymore or exist solely online now. So while you may be shopping a bit differently, you’ll want to be sure that you are shopping wisely. Here are some tips...
The Rule of 72
While the end of the year seems to be the best time to help your favorite charity with some of the money you received, don’t forget to give to your future self also. Many of us are of the mindset that we have plenty of time for “that,” but the “Rule of 72” tells us...
What is the October Effect?
When many of us think of October, we think of Halloween or the Day of the Dead. But every year there’s another strange phenomenon that has nothing to do with trick or treating or honoring deceased ancestors. It’s called the October Effect. So, what happens during the...
Should You Set Up an Investment Account for Your Child?
Author: Tyler McCain Tyler graduated from Georgia State University in 2019 with a bachelor’s degree in finance. He is a former Wealthy Habits instructor. At this point, we have discussed child whole life policies and 529 plans in articles on the Wealthy Habits blog....
Are Child Whole Life Insurance Policies A Good Investment?
Depending on what you read, a life insurance policy for your child is either the best decision for your child’s future or detrimental to it. When you search “child whole life policies” on Google you are inundated with articles by the same companies that sell the...
What You Need to Know When Choosing a 529 Plan
When it comes to saving for your child's future, you have several options. You could set aside money in an investment account to purchase blue-chip companies, open a whole life policy for your child, or create a 529 plan for education expenses. These are not all the...
What is a 401(k)?
When you enter the working world or change your job, one of your first matters of business is setting up a retirement such as a 401(k) plan. But what exactly is a 401(k)? Let’s explore the answers to some common questions. What is a 401(k)? A 401(k) is a retirement...
Things parents need to know before teaching their kids about investing
Investing is always one of the most popular camp topics at Wealthy Habits. Here are some basics we want parents to know before starting their investing journey: Being young is a huge advantage when it comes to investing. Being young means that you have more time to...
Lessons Learned from Going Virtual at Wealthy Habits
Like so many other educational programs, Wealthy Habits had a choice to cancel programs or go virtual. Our mission is to educate students so it wasn’t a tough decision, but our staff was not under any illusion that it was going to be an easy feat. From the very start,...
What COVID-19 should have taught us about our finances
Six financial lessons that we shouldn’t forget as stay-at-home orders are lifted. Has COVID-19 upended your day-to-day life? It certainly upended mine, and caused us to shift the ways we do things at Wealthy Habits. Some of the...
Going to College Out of State
By: Pooja Parmar Going to school out of state can be extremely nerve-wracking, but being able to explore different parts of the country (or the world) can be one of the most exciting college experiences. There are several factors to consider when deciding whether or...
How Plans – Personal and Financial – Can Change Your Mindset
Setting personal goals is very similar to writing a business plan – both can help ensure success in the future. Setting goals is something that lots of people talk about but few really take the time to do, at least in a formal...
Why ‘Buy Low and Sell High’ is Harder than You Think
Learn what history can tell us about “buy low, sell high” as an investment strategy.
5 Money-Saving Tips for Financial Literacy Month
Review these National Financial Literacy Month tips for April or any other month to get your personal finances in order.
4 Money-Saving Tips for Teens
Teen brains are wired for instant gratification. So how can you override their “right here, right now” drive and encourage them to save? With these four tips we teach at Wealthy Habits.
Getting Your Kids Invested in the Markets
When kids invest early, they avoid financial fear. By starting early, they learn that managing their finances doesn't have to be scary. Instead, they see each portion of the financial world as a tool for them to build a better future. The best way to get them started...
How to Raise Financially Empowered Kids
Guest Post By: Grant Means, Founder & Author at Start Now Press First, let’s clear the air: nearly every aspect of raising children seems an impossibly complex challenge – no matter how much love, passion, discipline and reason we bring to the table, outcomes...