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There is a lot of financial advice out there, and sometimes it’s really hard to sift through all the voices. But the beauty of personal finance is that it’s personal. You do what’s best for you. While I respect the expertise of many in the community, I also like to do things in an unconventional way. Here are my 6 unconventional money tips:
1. Don’t Buy a House
Many people think that houses are a great investment and will provide a large return in the future. This idea, coupled with the fact that we need a place to live seems to make home ownership attractive. Home ownership is also seen as part of the American Dream, and one of the rites of passage to adulthood.
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Melanie Lockert is the founder of the blog and author of the book, Dear Debt. Through her blog, she chronicled her journey out of $81,000 in student loan debt. She is also the co-founder of the Lola Retreat, which helps bold women face their fears, own their dreams and figure out a plan to be in control of their finances. She is passionate about empowering women, helping others get out of debt, and focuses on the intersection of debt and mental health. Every September she organizes a Suicide Prevention Awareness Blog Tour, to help share resources for those struggling with debt and suicide. In addition to her love of personal finance, art and music, she is also a karaoke master and a cat mom to Miles and Thelonious.
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6 comments
For some reason, I am unable to comment on the Vosa site; it’s weird…. 🙁 Anyways, I liked your post and thought it was interesting what you said about not buying a home. Having to go through selling my house because of financial difficulties several years ago, I understand what you are saying. Being a homeowner is not all it’s cracked up to be…
Sorry about that! Glad you commented here though. That sounds tough to have to sell your house because of financial difficulties, but I know you were not alone in that.
Sounds interesting tips. Yet here in country we really need to own a house. Invest a house or etc is really not particular here. People do usually buy a lot and build their own house.
I like everything that you said and was even nodding my head in agreement especially about taking care of one’s self. However, if I may share, while I focused on making more money some time, it also helped that I cut back on some expenses. But then again, that may be a case to case basis.
I think making more money should be in conjunction with lowering expenses. I am not into drastically cutting them out, though, as that feels like dieting. I think doing both is ideal, but I’d like to focus the majority of my energy on making more.
you really have a great concept loved it.
would like to explore more.