finance-tips

anonymous asked:

Is there a preferred method for tipping servers? Like, should I try to tip in cash, even if I'm paying for my service with a card, or is electronic preferable?

Cash is preferable for tips for a few reasons. The first is that cash is king and the money immediately goes into the server’s pocket. Some restaurants aren’t able to get tips to a server right away and there could be a few days’ delay while all the credit transactions are being processed. When you work a job that is very dependent on tips, that delay could cause a lot of problems.

Additionally, restaurants pay a small fee on credit card transactions in order to process the payment and sometimes the company will charge the server that percentage (like 2%) on the tip. It’s kind of shitty and even though the percentage could only be a few cents, that’s a few cents on every tip, which could add up to quite a bit at the end of the night and especially at the end of the month when rent is due.

Finally, if you tip in cash, the server is guaranteed the full amount and knows what that amount tipped is. If it’s written on a credit card, the server doesn’t always see that receipt and has no idea if the restaurant is giving them the correct amount or not. Cash gives them the peace of mind that they’re employer isn’t screwing them over.

I know not everyone carries cash (I personally carry very little) and it’s almost always easier to just tack a tip onto a card, but if you have both on you and can easily leave a cash tip, it’s better. Your server will appreciate it.

10 Steps To Becoming A Millionaire By 30

Source: confessions-of-a-sugar-baby. (Elite Daily)

Getting rich and becoming a millionaire is a taboo topic. Saying it can be done by the age of 30 seems like a fantasy. It shouldn’t be taboo and it is possible.

At the age of 21, I got out of college, broke and in debt, and by the time I was 30, I was a millionaire. Here are the ten steps that guarantee you will become a millionaire by 30.

1. Follow the Money.

In today’s economic environment, you cannot save your way to millionaire status. The first step is to focus on increasing your income in increments and repeating that.

My income was $3,000 a month and nine years later it was $20,000 a month. Start following the money and it will force you to control revenue and see opportunities.

2. Don’t Show Off – Show Up.

I didn’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income.

I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets you buy.

3. Save to Invest, Don’t Save To Save.

The only reason to save money is to invest it.  Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything – not even an emergency.

This will force you to continue to follow step one (increase income). Still to this day, at least twice a year I am broke because I always invest my surpluses into ventures I cannot access.

4. Avoid Debt That Doesn’t Pay You.

Make it a rule that you never use debt that won’t make you money.  I borrowed money for a car only because I knew I could increase my income.

Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer.

5. Treat Money Like a Jealous Lover.  

Millions wish for financial freedom, and only those who make it a priority have millions. To get rich and stay rich, you will have to make it a priority.

Money is like a jealous lover. Ignore it and it will ignore you, or worse, it will leave you for someone who makes it a priority.

6. Money Doesn’t Sleep.

Money doesn’t know about clocks, schedules or holidays and you shouldn’t, either. Money loves people that have great work ethic.

When I was 26 years old, I was in retail and the store I worked in closed at 7 pm; most times you could find me there at 11 pm, making an extra sale. Never try to be the smartest or luckiest person; just make sure you outwork everyone.

7. Poor Makes No Sense.

I have been poor and it sucks. I have had just enough and that sucks almost as bad. Eliminate any and all ideas that being poor is somehow okay.

Bill Gates said to a group of college grads, “It’s not your fault if you were born poor; it is your fault if you stay poor.”

8. Get a Millionaire Mentor.

Most of us are brought up middle class or poor and then hold ourselves to the limits and ideas of that group. I have been studying millionaires in order to duplicate what they did.

Get your own personal millionaire mentor and study him or her. Most rich people are extremely generous with their knowledge and their resources.

9. Get Your Money to Do the Heavy Lifting.

Investing is the Holy Grail in becoming a millionaire and you should make more money off your investments than your work.  

If you don’t have surplus money you won’t make investments. The second company I started required a $50,000 investment. That company has paid me back that $50,000 every month for the last ten years.

My third investment was in real estate where I started with $350,000, a large part of my net worth at the time. I still own that property today and it continues to provide me with income.

Investing is the only reason to do the other steps, and your money must work for you and do your heavy lifting.

10. Shoot for $10 million, not $1 million.

The single biggest financial mistake I’ve made was not thinking big enough. I encourage you to go for more than a million.

There is no shortage of money on this planet, only a shortage of people thinking big enough.

Apply these 10 steps and they will make you rich. Steer clear of people who suggest your financial dreams are born of greed.

Avoid get-rich-quick schemes, be ethical, never give up and once you make it, be willing to help others get there, too.

Let me know when you get there. Be great. Nothing else pays.

this is the second part of our financing series. part 1 is here

Making a budget can be difficult and confusing and might be the hardest part of staying on top of your personal finance. Here at coffeeplanner, we’ve broken this down into 7(ish) easy steps.

1. CHOOSE YOUR MEDIUM

will you be using pen and paper? the notes app on your phone? or a fancy personal finance app on your phone/tablet/computer? Choose whatever you think is easiest and most accessible for you. As a student you’re almost always on the go and it’d be pretty handy to have your budget with you.

2. CHECK THAT CASH FLOW

do you have a job? are you relying on the student loan gods? Understand where your money is coming from. This means not just knowing whose money it is, but how often you get more money and how much. When/how you get your money is the foundation of any budget.

3. TRACK EXPENSES:

when first creating a budget, it can be hard to estimate how much money you need per category. For a week or two, spend as you normally would and track those expenses. This will be the basis for your budget. Avoid modifying your spending habits because this will skew the results.

4. CREATE CATEGORIES

where do you usually spend money? meals? snacks? transportation? create a list of categories where you usually spend money. Try to be a little specific because categories like “food” can get out of hand pretty quickly when you’re a student. So try something like “meals,” “coffee/tea,” “snacks” instead, so you can know more accurately where your money is going!

5. SLICE AND DICE

now that you know what you’re spending, add up the totals for all your categories and see where cuts can be made. Are you spending $5 a day on coffee? cut that down with a coffeemaker and instant coffee. This is the true “budgeting” part. Try to keep limits/goals realistic, but absolutely within your spending capabilities. Even if you only save a couple dollars a week, it will definitely add up!

6. INCLUDE A BUFFER ZONE

we all know those days/weeks when you just can’t with life anymore, and for those days sometimes the only thing that can help is a tub of ice cream and/or a movie with friends. This is what your buffer zone is for. Set aside a small amount of money each cycle for emergencies like self-care or a late night taxi ride. Whether the money leftover is transferrable between cycles is up to you, do what works for you.

7. COMMIT

a budget only works if you stick with it. Using the money you save, you can treat yourself to something small each cycle to keep up the work! Staying in budget is hard, but totally do-able. You got this!

// budgeting apps

wally - free - iOS/android - an easy-to-use expense tracker. keep track of what you’re spending in different categories and save pictures of receipts so you don’t have to carry them around!

mint - free - iOS/android - the heavy-duty personal finance app. American based, but works for many different countries.

Pro-Tip #30: Put Netflix on Your Credit Card

One way to boost your credit score is to regularly use your credit cards and pay them off—in full—every month. You can use your card for all your gas purchases (highly recommended), but you can also put small, recurring charges like Netflix or Hulu on your card. It’s cheap, but it shows use of the card and, as long as you pay it off monthly, will show credit companies that you’re great at paying off what you use in credit.

For more credit tips, check out our credit guide (link).

Allowance & Bank Laws

I’m adding this to my blog out of the sheer overwhelming questions I get and see about this. What do I do with my allowance? Can I deposit my allowance into the bank? How do I pay my bills without depositing money in the bank? Let’s discuss allowances.

So you found a good Sugar Daddy, he gives you a well-deserved 2K a month and the obvious thing to do is go shopping err…. deposit it in the bank. Right? WRONG! First thing you should do, check your local bank laws. Most of the banking laws are pretty widespread, but you should study your particular state’s law just to be sure. We all know that if you make a deposit that exceeds $10,000 that your bank is required to report the deposit to the IRS. And as long as you have a legitimate reason for a large deposit, you should not have any problems with your bank or the IRS. Can you give a legitimate reason? Did you know that deposits of over $2,000 can also be reported, but are less likely to be followed up on?

If your Sugar Daddy is married and has a deep pocket for his mistress(you) it has been ruled to be exempt from tax by the courts, but he probably doesn’t want the IRS snooping around any more than necessary. Anything that you do to hide a cash transaction is technically money laundering and illegal, even if the money is legit.  The Sugar Baby can get in trouble for that, not a Sugar Daddy. That being said- banks are obligated to report any suspicious activity over $2,000. HOWEVER, every time that you deposit $100, $300, or even $10, the transition leaves a permanent mark and the government has access to that, even if the bank never files a Suspicious Activity Report.

So how can you pay for bills if you can’t put your money in the bank? You can take the cash and spend whatever you want, obviously. You can buy money orders (less than $2000 a day is not reported) from the post office or Wal-Mart or wherever (NOT the free money order your bank provides, because they will register the cash in your account and then buy the money order from the money in your account). Then you can use money orders to pay for rent, credit card bills, whatever. I know it can be inconvenient, but it is the safest route. And of course, you can deposit small amounts (well below 2K), but the IRS can come along and ask you where you got the money. My golden rule is: If I can’t show where it came from, I don’t give it a paper trail.

Can I call it a gift? If you call it a gift and it amounts to more than 14K per year, your SD will have to report it on his gift tax return, and I can guarantee you that he won’t want to put your name on an official document his wife has to sign and then file that with the IRS. And I can also guarantee you that if the IRS comes around asking questions from your married SD, you will be history quick.

What do I do with my money? I personally like to handle my money in cash. I keep it at home until it reaches a certain amount and then I take it to my lock box at my bank. (Please do not stick 2 grand in your sock drawer)

This is about the extent of my knowledge on this subject. I hope you found this helpful!

Source: BlondAngelBaby

MAKE A BUDGET: and stick to it. making a budget can be confusing and difficult, but what we’ve found is that understanding where your cash flow is coming from is absolutely key. be realistic about the goals you set, and set aside a small buffer amount each week in case something comes up. budgets don’t have to be the same every week, because what you do in a week can change.

check out our second post in the finance series: how to budget

USE CASH: and leave your bank card at home. studies have shown that people are more likely to spend less when using cash because there’s a better sense of how much money they’re spending/saving. besides, using cash will force you to stick to a budget!

BRING YOUR OWN FOOD: we love food but food is expensive. buying groceries every week or two and making your own lunches/snacks can save you a lot of money in the long run. (see this buzzfeed article for some recipes)

BUY GENERIC BRAND: because most of the time, generic brand is just as good as name brand. don’t let prejudice keep you from saving money!

TAKE ADVANTAGE OF FREE THINGS: if you want to hang out with your friends, consider free events happening around you. there’s usually always something happening on campus. at the very least, you can always get the free swag from those events!

APPLY FOR SCHOLARSHIPS: yes essay writing can be a pain and it may seem like a snowball’s chance in hell that you’ll get it, but just do it. a lot of scholarships don’t get as many applicants as they make it seem so you have a better chance than you think you do!

TEXTBOOKS: borrow them from a library if you can and take pictures of the pages you need (or just do your work at the library.) failing that, see if your school bookstore lets you rent textbooks instead of buying them! If you absolutely have to buy your textbooks, buy used whenever possible. don’t be afraid to scrounge the internet for a cheap(er) copy.

EVERY CENT COUNTS: even though Canada has discontinued the penny, this still holds true. as broke students, we all know that sometimes that nickel can make or break your day. so save what you can, even if it doesn’t feel like much!

this is by no means an exhaustive list. if you have more tips, send us a message and we might make a follow up post!

How to Make Notes (on a Laptop)

Hey everyone! I got a lovely ask about how I take electronic notes, and what apps I prefer to use, so I thought I’d give a quick little guide here. I prefer typing notes (particularly in lectures) because it’s so much faster. I don’t miss important information that the lecturer is saying, and it’s easier to edit if I make mistakes. I can also just carry my laptop to every lecture, which saves me from needing multiple notebooks for one day!

Keep reading

  • Choose a good student bank account. Different banks offer different benefits so be sure to shop around to find one that suits you.
  • Know how much money you will have per term, including student finance, your current bank balance, and any money that you’ll get from family.
  • Work. If you’re working as well as studying, you need to find a balance, ensuring that you’re not working too many hours to study well.
  • Try not to panic about debt, and instead find a way to manage them. Lots of universities have finance centres that can offer you advice about this.
  • Check insurance. Check if your family’s insurance covers what you have at university, or if your uni has arranged any cover for residences.
  • If you get into any difficulty, don’t bury your head in the sand! Go to a student support centre, or even your bank and ask for their help / advice.
tips for low-income folks

Hey there! This is a post for friends who are on a low-income, minors who are in a low-income home and anyone facing homelessness.  I also work in retail so I’m also passing on friendly advice from soccer moms.

1. Food

I don’t know if this was just me, but when my parents and I were homeless and lived in a shady motel for almost two years, the money to my first job (part-time) went all to food. Unfortunately, with high food prices, it was easy to blow my check on it. 

  • Start couponing and pay attention to sales. “But Leon! That takes too much time!” It’s worth it, okay? I promise. You can get away with super cheap deodorant that will last you for months. As a cashier, my biggest word of advice is keep up with the coupon policy at your choice of grocery store. Also take advantage of mystery (free/or a penny) items at the store if they have it!
  • Farmer’s markets are your friend! Especially for produce! 
  • Don’t be afraid of ‘manager’s special’ items at grocery stores. Like seriously, raid the clearance rack for spices, medicines, and hygiene supplies. Clearance is also your friend.
  • Cooking. You probably see this a ton but cooking your own meals is much cheaper. I didn’t believe that at first “McDonald’s got a dollar menu tho” was my logic but no. 
  • Food stamps! You don’t need to have kids to get food stamps. Give it a try.
  • Learn how to keep food longer. Did you know bananas get brown faster when its by something cold? Neither did I. And freezing milk and bread is a thing, too. 
  • Non Name Brand Stores or Dollar Stores. I live in the suburbs so there are stores like Aldi’s where most of the food isn’t name brand. That’s a good place for basics like sugar, water, rice, ect. 

2. Clothes

You need clothes for weather changes, don’t you? And maybe you have a job interview and you need to look presentable. Try these tips.

  • Thrift stores. Some of the clothes might not suit your taste. Don’t worry, okay? Remember, there’s usually more thrift stores in the area. I also highly suggest the app Mercari or Poshmark. I mainly use Mercari (use my code “RTWFJP” to start off with $2 in credits!) but wow, you can get some nice clothes for real cheap. I needed fitness clothes. I checked the retail value of a tank top and it was $70. On Mercari? The seller had it for $16. I was one happy flower, let me tell you. This is great also for plus sized pyts (pretty young things) because it’s hard to find cheap, fashionable clothes that fit.
  • Hand me downs/ups. Don’t be afraid to get old clothes! Some of that stuff is an easy fix with a sewing needle.
  • Hand washing clothes is a good way to save on money, too! 

3. Employment help

Maybe this should have been number one…

  • Use job boards such as Indeed.com, Monster.com and careerbuilder. Another method of job hunting that helped me is using Google Maps and searching for companies in the area, and then I’d call them directly or check their ‘careers’ section (usually located at the bottom of their sites).
  • Use your skills. You’re an artist? Try doing commissions! You can draw for other people or sell art. If you’re a write, you can also do this as well. Or let’s branch out. If you’re in a community, you tutor kids (make yourself a cute ad), babysit or dogsit. 
  • Work on skills. ‘Must be billingual’ ‘Must have bachelor’s degree’ ‘Must have typing speed of a million wpm.’ I know, it’s annoying when a lot of jobs have that. One that I learned while waiting for a job to call me is to try making new skills. There’s a ton of language learning sites that are free like duolingo and tumblr! Tumblr has langblrs that I believe is a fantastic idea. I’m not saying to be a fluent French speaker overnight, but if you can at least get the basics, that will help build your resume. If art is your thing, practice your skill with online tutorials!
  • Volunteer. ‘Wtf Leon how am I supposed to help people when I’m the one who needs help???” Hear me out. This is another way to not only build character, but to build your resume. Some organizations need someone to help with filing or starting up a fundraiser. This will help you gain experience. See? Try this site, volunteermatch.org I do advise you to research the organization, first!

4. Health

One difficult thing was managing my mental and physical health. I was in a bleak situation and it was hard getting help without health insurance. This part might not be helpful so if anyone wants to add on, please do. 

  • Mayoclinc.org. I went to the doctor (I paid out of pocket) and the doctor simply took out her laptop, searched up mayoclinic and printed out the page with what she guessed I trouble with. My point is, it’s pretty valid for having an idea of what’s wrong.
  • Record everything. I might be a hypochondriac but it’s important to make sure you keep a record of your weird things your body does. Missed periods, odd spots, always feeling dizzy after you eat, random stomach pains, struggling using the bathroom, you name it. Write the time, date and what’s going on in a journal so when you do get the change of seeing a health professional, they can help you.
  • Keep clean. Wash your hands, polish your teeth and keep your hair tamed. Your hygiene is very important because it keeps you from getting sick.
  • Online therapy. I have ptsd so I had to live with some people who triggered it in order to survive. You’re not alone, okay? Try this masterpost.  
  • Stay Away From Toxic People. An important thing is not to tell every single person about your struggle. Why? Because some people see that as vulnerability. It’s okay to ask for help, but be very wary of who you ask. 
  • You’re very important. Your worth is NOT defined by how much money you have or fancy stuff. You’re a really cool kid and you’re doing a great job! Hang in there!

5. Entertainment

Cool ways to have a good time!

  • Join local events. I’m more of a loner but if you like being around people, there might be some fun events in the area you can go to for free! Or even better, you can use this as an opportunity to get involved! Like if there’s a fair, you can do face painting or help clean.
  • Libraries. Those are sanctuaries. You can read, use the computer, or use it as a safe place to get yourself together. 
  • DIY Projects. My favorite thing ever is reading cool life hacks like making candles out of crayons or all the things you can do with eggs. You might find something neat that will benefit you!
  • Windowshopping at the mall. I love the mall. Some shops have samples and nice spots to hang out. They even have some stores with massage chairs so you can ‘test’ it out for a little bit.
  • Watch cartoons and anime online. I reaaally love the sites kissanime and kisscartoon. They saved me from absolute boredom. The best part is that you can download the shows if internet is a struggle to get to.

Other tips…

  • Check out @howtogrowthefuckup​! This blog saved my butt in so many ways. Like I mentioned before, I was homeless and was forced into adulthood without much guidance from my parents.
  • Get yourself pepperspray! It can be dangerous out there, so make sure you have something to keep you safe.
  • If you’re not in school or work, try to find a way to get online classes. Education is power! And student loans is also a thing.
  • Careful with some organizations. My job sponsors a charity and I finally went to the said charity for help…worst experience. It’s worth a try but try not to fully depend on them.
  • Set goals and write or think of the steps on how to get to them. Sometimes I’ll get overwhelmed with life and things will happen too fast. Step back and think “Where do I want to be?” Then look at how things are “Am I there?” and if not “How do I get there?” For a good example, I still don’t know how to drive. I want to drive but I’m not. How do I do it? I start by reading the driving manual on the dmv’s website.
  • Separate your needs vs. wants. This will help you avoid impulse spending and training yourself to be responsible with your money.
  • IMPORTANT! If you’re a homeless minor in public school (I guess this applies mostly to the United States, I don’t know how it is in other places), tell your school counselor and try having it documented that they are aware!! You see, while applying for FASFA, there was a section about homelessness. Unfortunately, my counselors denied me ever speaking of it (which we did, ugh long story). 

I hope this helped you! Things may be hard now, but remember that bad times are temporary. Just as the good times were. Hang in there, you flower! 

Pro-Tip #26: Keep Track of Who Has Your Credit Card Info on File

Yeah, it’s hella easy to just let websites you trust keep your credit card info on file. That way you don’t need your physical card in front of you when you’re racing Ticketmaster’s timer or you want to use Amazon’s 1-click service. I won’t tell you not to do this—but do keep a list of all the places that have your card on file.

Why? So when you need to update it after receiving a new or replacement card, you can change all these over before you miss a payment somewhere. You’re going to hate yourself when you lose your cheaper Netflix rate all because you forgot to update your card.

There is no reason anyone should go to the campus bookstore. Ever. For anything.

Not for a book, not for a hoodie, not even for pens. Everything there is marked up beyond belief, and you can easily get the same items for huge discounts–or even get them for free.

If I’d bought all of my books at the campus bookstores, I would have spent almost $2000 total. Instead, I paid less than $200 for two years’ of textbooks!

You don’t have to be an extreme couponer to get a better deal somewhere else. I will show you the easy way to save hundreds of dollars on textbooks each semester.

This is the short version of a 2000-word guide on textbook shopping. 

Start with libraries:

Find friends and classmates:

  • Facebook Groups – look for department groups and textbook swap groups
  • ClusterFlunk – connect with people in your class and university
  • Your School’s Online Course Management System

Download books from sites of questionable legality:

External image

Use a textbook marketplace aggregator:

Join a book swap:

Sign up for an ebook subscription:

Read the full post at Orphan Survival Guide!

Andre Lyon’s Top 10 Financial Tips.

You’ll want to write these down!

Even if you’re not on the verge of becoming a billionaire like hip-hop impresario Lucious Lyon, chances are you can still benefit from improving your personal finances. We sat down with Empire Entertainment CFO Andre Lyon and asked for his top ten financial tips for the average person. You’ll want to write these down and keep them close by!

1. MAKE A BUDGET
This is your first step. Take it seriously. Budget realistically so you can see where all your money’s going month-to-month. You can’t map out a financial strategy unless you know where you’re starting. This will also help wean you off the bad habit of spending money before you get it.

2. PLAY THE LONG GAME
Like the saying goes, “All the glitters is not gold.” I can’t tell you how many new artists I’ve seen get signed to Empire, only to blow through their signing bonus buying fancy cars and clothes, trying to create the impression that they’re living on the same level as my father, who’s sold millions of records. They end up spending themselves into a mountain of debt. So even if you’re not a singer or rapper who’s signed your first contract, take my advice: slow your roll. Don’t let money burn a hole in your pocket. Keep your eye on your long-term goals.

3. SAVE, SAVE, SAVE!
This simply can’t be stressed enough. A lot of people are resistant to the idea of saving, but I always think of it as “paying yourself first.” Even if you’re already in the habit of paying all your bills and other debts as fast as you can, it’s time to change your mindset. In most cases, paying everyone else first will most likely leave you with very little money left to set aside, and you’ll continue living month-to-month with no way out.

4. CUT THE CARDS
Years ago, when my father first started making some good money from his record sales, he started getting bombarded with pre-approved credit cards. And I don’t think it’s telling tales out of school for me to say that he took full advantage of them…until I sat him down and showed him that he was just throwing money out the window in terms of interest payments. So I’ll tell you like I told him: figure out which two – yes, only two – credits cards you truly need to live on. Cut the rest in half. Ironically, the more income you make, the more those pre-approved cards will keep showing up, but you don’t have to accept them. Steer clear of the trap.

5. LIVE UNDER YOUR MEANS
You often hear people say, “live within your means.” I disagree. For the average person, living within your means gives you very little wiggle room in case of emergencies. So you should be living as far below your means as reasonably possible. Saving a good portion of your income is critical to long-term financial health.

6. GET ORGANIZED
Balance your checkbook. Put all your monthly bills in one place and pick a specific day out of the month to sit down and pay them. Create a filing system for your bank statements tax returns, and other financial paperwork. These small steps might seem like a waste of time, but once you get into the habit of doing them, you’ll find that they actually save you money. No more overdraft fees or interest charges on late credit card payments.

7. START INVESTING
Making people think they have to be millionaires in order to get into the investment game is one of the most effective tricks Wall Street has ever pulled. But that’s jut what it is: a trick. Anyone can invest, and it doesn’t require a huge amount of disposable income. You’ll have to take some time to do your research on this one, but trust me, this is where you want to start directing your energy. A simple savings account is nice, and easy for everyone to wrap their minds around, but they yield pretty much no return at all. If you want to start building a legacy – or even just a comfortable retirement nest egg – investing is the way to go.

8. KEEP A MONEY JOURNAL
If you’ve ever gone on a diet and had to keep a food journal, where you write down everything you eat or drink each day, then you’re already familiar with this practice. A “money journal” is just like it sounds: a written list of everything you spend on a daily basis, be it cash, check, or charge. If you do this for just four weeks, I guarantee that certain spending patterns will emerge, and you’ll be able to step back and take note of just how much money you’re devoting to things like lattes, movies, and snacks throughout the day. It all adds up pretty fast.

9. DREAM BIG
It’s okay to have big dreams. We all do. That’s exactly how Empire started out: my mother and father’s dream. A lot of people think my only job at the company is running around and stopping different departments from spending too much money. And yes, that’s part of it, but the reality is, sometimes you have to take big steps if you’re going to grow. So if you’re fantasizing about owning a big house or traveling around the world someday, let that motivate you. Just stay focused on your goal every single day.

10. NEITHER A BORROWER OR A LENDER BE
William Shakespeare said it best: “Neither a borrower nor a lender be, for loan oft loses itself and friend.” Now, this doesn’t mean you should never help anyone in need (nor should you be too proud to ask for help if you really need it), but it’s a situation you should strive to avoid. It’s usually a no-win situation for everybody involved.