Good Financial Reads: How to Pay for Grad School, Embracing Change, and More

Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.

Catch up on some of the latest posts with this week's roundup:

How to Pay for Grad School, Law School, or Your MBA

by Sophia Bera, Gen Y Planning

If you’re considering going back to school to get a master’s degree, law degree, or MBA, you might be looking into student loans to help pay tuition — especially since many graduate programs cost $50,000 a year or more. Yikes!

This is a choice to not take lightly. Taking on debt of this magnitude (possibly on top of undergraduate loans you’re still paying off), will affect your finances for years to come. So, if you’ve done your research and know that grad school is the best way to advance your career, let me walk you through the ways that grad school loans differ from undergraduate loans.

[Read the Full Article]

Embracing Change – Life’s Only Constant

by Tyler Landes, Tandem Financial Guidance

I consider myself to be cautiously optimistic, but I’ve also been accused of being an over-thinker, a procrastinator, and a perfectionist. Saying “yes” is not my first instinct. I usually start with “maybe” (or worse) before coming around to a new idea. My wife has learned to plant a seed a few weeks early so that I have time to consider all the details. Although I ultimately consider my analytical nature to be a strength, sometimes it gets in the way and can be personally frustrating.

[Read the Full Article]

Small Choices Have a Big Impact on Your Finances

by Sam Farrington, Sound Mind Financial Planning

Why do some people become wealthy and others stay broke? In many cases, it comes down to choices.

To see the impact choices can have on your life, let’s look at three fictional friends: Arthur, Brian and Charlie. They grew up together in families with the same socioeconomic status. Now 35 years old and married, they all have average health, incomes and debt — but their financial outcomes won’t be the same.

[Read the Full Article]

Six Smart Ways to Manage Sudden Wealth

by Vid Ponnapalli, Unique Financial Advisors

A young partner in a start-up firm once asked me “What do you suggest I do with the money if my company is sold and I get a lump sum?” It made me think. Accordingly this blog post.

Occasionally, you may find yourself receiving a fortune: whether it is from the startup firm you have been part of, or as an inheritance from your Mom or Dad or Uncle or Aunt, or even from the lottery you won. This is indeed great and perhaps will help you to boost your overall financial wellbeing.

[Read the Full Article]