These are my favourite personal finance content for the outgoing week.
- 5 Financial Lessons Millennials Are Learning During The Coronavirus Pandemic
Katelyn Van Pelt, writing for Money Under 30, examines some five key lessons that millennials are learning about money during this period. Katelyn affirms that millennials are learning about the importance of emergency funds, the reality of essential and non-essential spending, the need to teach kids about finance, the importance of investing in retirement, and how to take advantage of low-interest mortgage rates during this period.
She examines why these five lessons are crucial to sound personal finance.
- The Top Ways To Get Student Loan Forgiveness
In an article for The College Investor, Robert Farrington explains all the available options a student can explore to get student loan forgiveness. He believes that at least 50% of borrowers can have all or part of their loan canceled through these programs. He divides these options into different categories, including repayment plan based student loan forgiveness, income-based repayment, PAYE, and revised PAYE, income-contingent repayment, public service loan forgiveness, among many others.
It is a very comprehensive article that will be especially useful for students.
Read the article here: https://thecollegeinvestor.com/578/ways-to-get-student-loan-forgiveness/
- 8 Steps to Research a Company to Invest in
This video goes through eight simple steps that every investor can use to research a company. The steps include pulling out the business section of the 10k, examining the Management Discussion and Analysis (MD&A), conducting a financial statement analysis, examining the company presentations and earnings calls, performing competitor analysis, determining the fair value of the company, identifying the drivers of the stock, and waiting for a buying opportunity. He uses Goldman Sachs as an example to illustrate the eight points.
Watch the video here: https://www.youtube.com/watch?v=fGVtypWv04Y&t=190s
- Should You Invest During COVID-19 – What To Consider
In this article, Lance Cothern, helps investors to consider some important factors before they decide to invest or not invest during this period. He gives some reasons for the interest in investing during this time, examines some important considerations for those who want to invest, and lays out some principles for profitable investments.
Read the article here: https://www.moneyunder30.com/investing-during-covid-19
- 6 Retirement Planning Challenges for Freelancers and Entrepreneurs
G. Brian Davis, writing for Money Crashers, examines six key challenges that freelancers and entrepreneurs face regarding retirement planning. He identifies those challenges and gives some tips on how freelancers and entrepreneurs can navigate them. The challenges include the absence of employer retirement benefits or plan, double FICA taxes, health insurance, absence of paid time off, inconsistent income, and less income security.
The tips that Davis gives are practical; they will be helpful to every freelancer and entrepreneur.
Read the article here: https://www.moneycrashers.com/retirement-planning-challenges-freelancers-entrepreneurs/