![New [Money] Goals for the New Year](https://images.squarespace-cdn.com/content/v1/5b37e28045776e38aea6bb5e/1610206182716-3RTB8O4RM1JAIBEZ1NYW/Goal+2021.png)
These strategies on how the rich get richer do not only apply to the wealthy. These same opportunities and strategies are open to you as well. If you’d like to accumulate wealth, or simply keep more of the money you currently have without paying a large portion in taxes, then follow the strategies
Learn about finance. I get it. Finance can be boring. You don’t want to spend the free time you barely have studying a subject you don’t really like. Hopefully this site can give you some quick tips about finance so that if you merely browse the info on this site you will have some semblance of what to do. Plus, if you want even more information you can use this site to find the resources and tools you need.
I know, I know finance is “boring.” It is “not your thing” and you plan to just “hire a money person” take care of everything for you in the future.
I hear these excuses and more from my classmates, friends, and other young professionals I come across daily. In the words of famous author Robert Kiyosaki “You think just because you will have a high-income job that you don’t need to worry or learn about money, but that’s wrong. Truth is, most people who make more money just get into more debt”
![Why I started learning about money, despite my [guaranteed] doctor salary](https://images.squarespace-cdn.com/content/v1/5b37e28045776e38aea6bb5e/1544547163371-ISV88QZEXP3AW16A9D3K/piggy+bank+with+hands.png)
How could I, a person with nearly $200,000 in student loan debt, even begin to think about financial freedom, investments, or retirement plans when I had no job and was still in school?
Truth is, I had to start somewhere. I simply couldn’t afford not to. The more I waited to educate myself on money management, the longer I would spend making bad financial decisions that could dig me deeper in debt and delay my life of prosperity. Things needed to change and they needed to change now.
Don’t take out more loan money than you need. Figure out your monthly expenses (rent, food, transportation, gas, school expenses, incidentals, etc). Only take out in loans the amount that you need and do so at the lowest interest rate you can find. Although it’s nice to have “just in case” money, for emergencies or unexpected expenses, most of us just end of using the extra money for shopping trips or vacations. So unless you have an unprecedented amount of self-control, it is probably best to only take out what you need.
IRAs and 401Ks are types of accounts we use to save for retirement. A 401K is a retirement account offered through your employer and an IRA is a retirement account you can open up on your own (without being employed).