One aspect of my own financial education that completely transformed my perspective on the money I earn is when I read 'Rich Dad Poor Dad' and started focusing on having my hard-earned cash 'work for me rather than having myself work for money'. Whether in stock accounts or retirement accounts or in the little properties I eventually acquired--the goal was (and remains) to have money working for me, i.e. creating more cash that compounds and makes more cash.
One of the biggest reasons behind investing your cash, and having money "work for you" rather than you seeking higher job levels and higher paychecks as your primary means to amassing wealth (although that has its purpose, too!)--is that your paycheck is the highest taxed item of your income when compared to income from properties, rent, stocks, IRA's, Roth IRA's, investments, CD's!
Ideally, some financial experts would argue that you want all or most of your income coming from investments and so-called 'passive income', while having the least amount of your income coming a from a highly taxed paycheck. (It is said that Steve Jobs' paycheck was $1. I do not know the number of Apple shares he owned, but probably safe to say that he owned "a lot".) More importantly, if your money is making enough money for you to pay your bills and other expenses, you probably don't need a paycheck. Hmmm, that's a thought, right?
Remember, the trade-off for debt is you'll need to pay it back. And the trade-off for a paycheck is your time.
Look at your spending and saving habits, especially if you are living off of borrowed student loans, think about how your money is being utilized. If you are already a full-time employee, see if you can make arrangements to set aside "working cash" into an investment account, property, mutual fund, or retirement fund. Take time to educate yourself on matters of
Check out the blog posts and resources I stumbled upon recently:
BudgetsAreSexy.com which featured all of these posts
Fear Of Missing Out (FOMO) from studenomics.com