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Added on the 05/02/2020 13:08:05 - Copyright : Nokia
If you've managed to get your bachelor's degree, congratulations! And if you're thinking about grad school, get your piggy bank out and start saving. According to Business Insider, getting a master's degree or Ph.D. in your chosen field can be a smart career move, but it can also be a financial time bomb. If you want to go to grad school five years from now, start saving. First, research schools, tuition, and determine your monthly and annual living expenses. Research any benefits your company may offer for free or subsidized tuition, and look into state programs and scholarships. Still paying on student loans from your undergrad degree? Refinance them now, when rates are low. Finally, if you have five years to save, consider using a 529 plan. If you want to start sooner, a high-yield savings account may be better.
Ramit Sethi is the author of 'I Will Teach You To Be Rich,' and its associated courses and seminars. His material is wildly popular, and provides many techniques for building wealth. Some focus on entrepreneurship, and others focus on investment. One reader, Sunny Shah, built his own savings and investment portfolio by using just two techniques Sethi suggests. According to Business Insider, he first used the pay-yourself-first strategy to prioritize saving. Shah scheduled his deposits to his savings and investment accounts even before payments for household bills or discretionary spending. And he used a dollar-cost averaging strategy to save for retirement and other long-term goals, investing the same amount each month automatically. Now just 25 years old, Shah's savings and investment portfolio has surpassed the $100,000 mark!
Business Insider contributor Jackie Lam says she took an unconventional approach to building her emergency fund. Wasting no time, the minute she got her first, tiny, rented apartment, she began saving towards her goal of $5,000. And she got there fast, by 'glamping' in her apartment. For the first few months of residency, she ate and slept on the floor. Later, her mattress and box spring came from IKEA. It took her three years to finally buy a used loveseat off Craigslist. The rest of her furniture was lovingly hand-picked from the curb. Lam kept her grocery bill down to $25 a week by planning menus based on sales. By using Christmas LED lights and candles, spent $15 a month on electricity. She kept her car in great shape by biking, walking, and taking the bus everywhere she could. And guess what? She hit her target in just a year!
Scientists from the Moscow Technological Institute showcased what could be the future of accessible medicine, a drone equipped with a defibrillator, which could decrease response times to heart attack cases dramatically. The drone’s maximum speed is about 30 mph, it features a maximum flying distance of about 15 miles, and it can be operated for 30 minutes without charging.
The United States "will not accept" a situation where underpriced Chinese goods flood the global market, battering industries elsewhere, US Treasury Secretary Janet Yellen said on Monday as she wrapped up high-level talks in China. This was the situation over a decade ago when Chinese government support led to a surge in steel exports, she told reporters, adding: "I know that these serious concerns are shared by our allies and partners." SOUNDBITE
Hundreds of people in the southern Nigerian city of Lagos protest the high cost of living in the country as part of a nationwide call to demonstrate by the Nigerian workers union. IMAGES
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