Category: Financial Basics

Why You Should Make That Risky Investment In This Crazy Market

This market is crazy. The S&P 500 is at an all-time high, we’re still printing money in excess, we haven’t returned to a normal unemployment percentage, and we have stocks and altcoins skyrocketing. All that chaos begs the question: What should you be investing in? Now, some of you reading this know that I bought…
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Should We Forgive Student Loans In 2021 – The Student Loan Crisis

Student Loans. One of the largest scams ever or a necessary evil? No matter your opinion, you can’t deny that it is one of the most frustrating, controversial, and highly debated topics today. And with 1.67 trillion dollars of debt in the US (and growing) it’s something that needs to be addressed. In this article,…
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The 50/30/20 Budgeting Technique: The Good, The Bad & The Ugly

What is the 50/30/20 Budgeting technique? The 50/30/20 budgeting strategy is a basic set of rules to follow to enable people to achieve their financial goals and better manage their finances. In her book “All Your Worth,“ Elizabeth Warren goes into a simple plan on how to divide your after-tax income and determine how to…
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Why Is Changing Your Financial Habits So Hard?

As humans, we hate change. It is our nature to find what works for us and stick to it. Change is hard. It’s uncomfortable. Why do we have to change if what we’re doing isn’t hurting anything? The question we should be asking ourselves is “is this good enough?”. Sure, maybe what you’re doing isn’t…
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Should You Go To College? My $50,000 Mistake

College, college, college. I’m not going to lie I loved college. But I’m not sure I loved it for all the right reasons. Sometimes I ask myself if I should have even gone to college in the first place. From my perspective, I spent ~$46,000 on a degree that I don’t use in my everyday…
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The Best 7 Passive Income Ideas for 21-25 Year Olds

Welcome back to Young, Dumb, and Not Broke where it is our goal to simplify your finances, help you to build a sustainable income, and show you how to become financially independent. In today’s article, we’ll be demystifying the best 7 passive income ideas for 21-25 year olds. These tips could apply to you at…
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5 Steps To Improve Your Credit Score Without A Job

We’ve all heard that improving your credit score is an important part of your financial story but can you do it without a job? The answer is yes, but it will be a challenge. This year has been tough and some of you reading this, maybe even you, have been put out of a job. You’re…
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5 Important Credit Card Tips For Young Adults

Young adults around the world have access to some of the most powerful and varied forms of information thanks to the internet. But it can be confusing or difficult to find the right information to better equip themselves to deal with their finances. In this article, we are going to look at what we believe…
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How To Save For Travel When You’re Young, A Student, Or Even Broke

Travel is one of the greatest wonders in life. It teaches you more things than you could ever imagine about yourself and the world. But how can you save for travel when you are young, a student, or even broke? These three things obviously present some obstacles but it isn’t impossible. All it will take…
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What If You Could Choose Where Your Tax Dollars Go?

If you have read any of the past work on Young, Dumb, and NOT Broke?! then you have probably caught on to the fact that I despise taxes. I can’t stand them. Every two weeks, I see my paystub and the amount that is taken out makes me feel sick. It feels like my hard-earned…
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