The costs associated with traveling can be intimidating and perceived as downright unattainable if you have bills, student loan debt and are trying to "adult" by actually saving money. With the poor state of our generation’s finances, one would think none of us has “extra money” to spend on traveling. Yet, our eyes continue to glaze over at our phones swiping up to endless photos of our peers in exotic destinations. It’s clear… Almost everyone is taking trips left and right!
MYDM hit the streets of Broccoli Fest 2016 to talk to festival goers about what they spent money on in preparation for the DC music festival. We spoke to three cannabis enthusiast and to actor Lance Gross about the importance of money management as a Hollywood heartthrob. #artistprofiles #saving #artsepreneurship
Financial planner and investment professional Malcolm Ethridge joins MYDM to talk about Shake Shack, the principal of compounding interest and how he once had his credit card declined trying to buy a $5 foot-long from Subway. #moneypros #investing #wealth #saving
On April 1st, Manage Your Damn Money announced we would be joining Broccoli City Festival in an official capacity by holding down a table as we talk to people, hand out giveaways and spread the word about MYDM on Saturday, April 25th at the Gateway DC Pavillion in Washinton DC. As a small business, we have to make an effort to get our name out whenever possible, and the DC Spring music festival that is becoming more popular each year, is the perfect place to do it. We're exci
Written by Ben Carter This month Manage Your Damn Money is celebrating its one year anniversary with it's #ThoughtsAboutMoney campaign on Twitter and Instagram and on a recent episode of "The Real", talk show host Jeannie Mai shared some incredibly candid thoughts about her fears and money on the show. Often times, adults carry personality traits formed by experiences of their childhood. The way individuals form spending, saving and money habits is usually very much the same.
Last month I took a brief, three-day vacation to Puerto Rico. It was an incredible trip my fiancé convinced me was worth paying for mainly because we're no longer the individuals people are referring to when they acknowledge the "young people" in the room. We're getting older and so a trip to places we've not been before is rising on our priority list. In the days leading up to the trip, I noticed my "expendable" funds were much lower than I would like for a trip anywhere oth
Written by Ben Carter Last weekend I had the pleasure of being invited on The Rex Stanley Show. It was a blast. We discussed the importance of saving money, whether it's okay to spend "extra" and what to look for when choosing a credit card. Take a listen above. #saving #credit #moneypros
Written by Ben Carter It's incredibly fitting that we sometimes realize things about our own lives that only arrive after we hear of news of something happening to another person or group of people. It would be the equivalent of having your girlfriend break-up with you a week after hearing your 67-year-old Aunt Meredith and Uncle George are getting divorced for the third time, or realizing you've had an uncomfortable rash in your pelvic area after hearing a story about a Chla
Written by Ben Carter College student loans have the potential to become a huge "bubble" in American society. In 2014, the collective outstanding federal student loan debt topped $1,096.5 billion. This means a whole lot of people are saddled with huge amounts of student loan debt they may never pay off completely. My own student loan debt levels are pretty depressing. (But with weekly therapy and a solid meditation regimen, I have been able to reduce the night sweats to about
Yesterday, a personal finance website released survey numbers that said saving for retirement happens at an incredibly low levels in the United States. Here are the numbers: 14% of people ages 65 and older have no retirement savings; 26% of those 50 to 64; 33%, 30 to 49; and 69%,18 to 29, according to the survey of 1,003 adults. Fortunately, our collective American life expectancy is longer than that of a person living during the Middle Ages. Back then you'd be lucky to live
Written by Ben Carter In romantic relationships there are many types of stories. Usually they fall into one of a few basic categories. There is “Love at First Sight”; the couple that saw one another looking across the Starbucks barista and became fast friends over mocha lattes. Then there is the “Fine for Now”, a relationship where either or both parties feel their significant other is “fine for now”, but ultimately plans to move on. Then there is the famed “Hit It and Quit I
A lot of people hate them. They can make you feel boxed in or as if you have no freedom in how you spend your money. But the truth is, a budget is a necessary thing. It's a list, document or email you send to yourself that reminds you of the expenses you have every month and how much money you'll have left over after you pay those expenses. Watch as banking professional Michael Williamson joins Ben Carter on #MYDM to explain what a budget it is, why it's so hard to stick to o
Written by Ben Carter Today marks the beginning of the athletic hunger games known formally as the 2014 National Football League Draft. College phenoms like Johnny Manziel and Jadeveon Clowney will be selected by NFL teams and offered contracts that should add great comfort and stability to the remainder of their lives. How much comfort you ask? That’s a great question. In 2013 NFL first-round draft picks were offered an average of $10,564,928 in guaranteed money. This means
Sports Agent Chris Coy joins MYDM to discuss his sports agency, "Play It Coy" and to talk about why professional athletes often have a tough times making their money last into retirement from the sport that brought them such wealth. #saving #wealth