The Psychology of Money: How to Achieve Financial Wellness Financial success isn’t a precise science, but it is achievable. The psychology of money is the study of our behavior with money. It’s a soft skill in which how you act matters more than what you know. Once you are aware of your tendencies, you can […]
Take Control of Your Budget
Needs vs. Wants: How to Prioritize Your Spending Understanding the difference between “needs” and “wants” is essential for financial literacy and budgeting. Before making a purchase, you should thoughtfully consider your wants and needs. What Are Needs? Needs are your basic living expenses, items required for your health, or expenses required to do your job, […]
Demystifying Life Insurance
Life Insurance: What You Need to Know Life insurance provides you with peace of mind while you’re still alive and financial support for your loved ones after you’re gone. It is something you should have if you have people who rely on you for day-to-day expenses, college tuition, or retirement income. Here are some frequently […]
Plan for Your Financial Future
How to Make Smart Money Moves in College Whether your college graduation is months (or years) away, it’s never too early to start planning for your financial future. The sooner you understand student loans and retirement funds, the better off you will be. Set Up a Savings & Checking Account A savings account allows you […]
Simple Strategies to Build Credit
Credit 101: How to Build & Improve Your Credit If your credit score is lower than you’d like it to be, there may be a quick way to increase it. You can improve your credit score by taking a few basic steps, such as opening accounts that report to credit bureaus, keeping modest balances, and […]
Discover the Basics
A Beginner’s Guide to Taxes Tax preparation may be one of the most frustrating tasks we face each year. However, it’s easier than it looks. In most cases, Americans must pay both state and federal taxes. Here is a beginner’s guide to taxes. State vs. Federal Taxes State income taxes vary considerably from state to […]
Achieve Your Goals
How to Set & Follow Your Goals Goal setting is a powerful method for seeing your ideal future and inspiring yourself to make that vision a reality. Consider what you want to do first, and then commit to it. Set SMART (specific, measurable, achievable, relevant, and time-bound) goals that inspire you and write them down […]
Budgeting 101: How to Create & Stick to a Budget
A budget is a plan that outlines how you plan to spend your money each month. The main purpose of a budget is to ensure that you have enough money for day-to-day spending while also preparing you for both planned and unexpected expenses like emergencies, large purchases, or retirement. Follow these five helpful tips to […]
The Power of Compound Interest
How Compound Interest Can Help You Save Compound interest makes your money grow faster because interest is calculated on the accumulated interest over time. Compounding can create a snowball effect as the initial investments and income earned from those investments grow together. With compound interest, you’re earning interest on interest. Compound Interest vs. Simple Interest […]
With NIL In Full Swing, Michigan Going Above And Beyond To Educate Players
The college sports world changed in a big way July 1, when the NCAA passed legislation that allows student-athletes to profit off their name, image and likeness (NIL). With that, the University of Michigan athletic department — including the football program — has fully embraced the new normal. In a groundbreaking development, Michigan’s players were […]
FSU tight end Camm McDonald “humbled” by chance to earn money off name
It’s been something that Florida State Seminoles football tight end Camren McDonald has been working towards since high school — the chance to capitalize off his success and personhood. Forward-thinking, the California native had begun to put in the work to build his brand well before the state of Florida or the NCAA made a path for […]
Nick Saban encourages financial literacy for Alabama football players
We are getting closer to compensating student-athletes for name-image-and-likeness. Before it happens, Nick Saban has always been one to educate his players at the University of Alabama on finance. He is concerned about the totality of an individual, and he brings in some of the best people to speak to the players on the importance […]
Mentor enjoys seeing FSU football players embrace their platform
For the past two years, Didier Occident has been helping Florida State football players prepare for the future with his “Secure the Bag” financial literacy program. Through formal team presentations and informal mentoring, the Virginia-based financial adviser has educated the Seminoles about everything from creating a budget and understanding the importance of saving to learning […]
Why Jeremy Pruitt had Didier Occident speak to Tennessee Football Team
Jeremy Pruitt remembers being a college football player and seeing credit card applications around campus. The credit cards had “about 28 percent interest,” Pruitt said, recalling the potentially risky financial decision for an 18-year-old to make. Now the Tennessee football coach, Pruitt wants to make sure his players are making sound financial decisions so he […]