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Posts for category ‘Your Money’

Paying for College

A RealWorld Student writes:

Dear Prof. Martin:

My question is that I finally know what I want to study in college; it’s biomedical engineering. I want to transfer to another college to study it b/c my school doesn’t offer it. This is my second year. I don’t have the money to transfer, and my grade point average is not excellent, but I’m a hard working student and I’ve had a lot of problems and hard life. What should I do?
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Making Extra Money

“Becoming a Money Magnet”

Making and saving money are usually a college student’s favorite dream and worst nightmare. I don’t believe I need to distinguish which one is which.

Believe it or not, making extra money isn’t that difficult; however, keeping it is another story. For now, we’ll just focus on making it.

John D. Rockefeller once said that the only difference between a rich person and a poor person is how each DECIDES to spend his or her time.
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When You Can’t Afford It

No Money, More Problems!

A student writes:

I am currently attending a local community college, with the hopes of moving on in the near future. The only problem I encounter when looking at universities is the financial situation. I have applied for aid and numerous scholarships, yet the result is always the same. I wish to receive any information available to increase my chances on pursuing my dreams. Thank you for your time.
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5 Money Myths

An old African Proverb says that one should beware of half-truths, because one may grab hold of the wrong half. This is so appropriate when it comes to the topic of money.

Lies such as “money is the root of all evil” is probably one of the most devastating lies of all. What people fail to understand is that the Bible doesn’t say that money is evil; rather it says that the “love” of money lies at the root of evil. Perceiving money as something evil can almost guarantee you a life of poverty. We are expected to be good stewards (i.e., managers) of money, not enemies of it.
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Managing Your Money

As we all know, money can’t buy you happiness; we also know that without it, money can definitely make a down payment on depression. College teaches us about a lot of different things, but managing money isn’t one of them.Therefore on this topic, I decided to research the strategies of one of America’s top financial guru’s, Robert Allen, who’s a millionaire in his own right. According to Robert Allen’s “Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth,” there are seven steps we should take every time we spend money. He calls these steps, collectively, “The Millionaire Minute.” They are a full-proof way of getting control of your finances. Man, I wish I had learned these when I was a student.

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