What You Can Learn From a “Personal Finance for Engineers”

Just before the Twitter IPO, Adam Nash, the CEO of Wealthfront, gave a personal finance talk to Twitter’s engineers. While the presentation was geared toward young, tech-savvy high-earners, much of the advice it contained can be applied to anyone’s finances. Some of the best tips shared with Twitter’s engineers:

Manage Emotions When Investing
Studies show that many people, especially those who work in STEM fields, consider themselves more rational than the average investor. People think that they can beat the averages. But, the truth is that very few people can beat the market. And, those who do are more often lucky than smart.

Instead of playing hunches, work from an investment strategy with an end goal in place. As Nash said in the presentation: smart investing is boring. But, where it lacks thrills and chills, it makes up for it all in financial security.

Have an Emergency Fund
The most basic building block for financial security is an emergency fund. You can’t build for the future if you are constantly being set back by emergencies. The ideal emergency fund should contain three to six months worth of living expenses. If that number is too daunting, start smaller. First build an emergency fund that can carry you through one week’s groceries; once you reach that number, aim for a month’s utilities; then, climb toward even larger goals.

Save for Retirement
The sooner you start, the better. One thousand dollars put into an interest bearing account when you are 25 will grow to several times the size of the same amount put into the same account when you are 40.

Retirement can seem like a very abstract goal when you have so many other things demanding your more immediate attention. But, even a few hundred dollars a year put into an IRA will make things easier on you when you get older.

Maintain a Balanced Portfolio
Never keep all your money in one investment or in one type of investment. The best portfolios mix stocks, bonds, CDs and other instruments. This way, you have a balance of safer but less lucrative investments and higher risk ones that generally pay more over time. You should also change where you invest based on when you will need the cash. As you get closer to retirement or another large financial goal, start putting your money into safer investments.

Most of us will never be high-paid employees of a big-name start-up. But, we can all live better, more exciting lives by managing our finances in ways that maximize the benefits of the money we do have.

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Judicious Use of Finance Assignment Assistance

Financial Accounting is one of the most popular and sought after courses. At the same time, it is quite difficult to study and master. The subject has a lot of elements that may leave a student perplexed and bewildered when writing statements and solving financial cases. Most of the times, the students are hard pressed for time and grapple with a lot of academic assignments simultaneously.

Online Help and Its Significance

When facing such an issue, the students can make use of online homework assignment help websites. Seeking help and guidance from these websites assist the students in submitting their work on time. They are saved from being penalized when there is a delay in submitting the assigned tasks.

Help Available for a Variety of Subjects

The online academic help websites offer expert assistance and guidance in a variety of subjects. Students pursuing subjects like Finance, Engineering, Accounting and more may need this help from time to time. The students can also enlist this help to write dissertations, thesis, and essays. The professional academic experts can guide the students in solving complicated case studies. Thus, this is a remarkable support system available for the students.

Judicious Use of Finance Homework Help

Having decided to seek finance academic help from a reliable and reputed academic portal, the students must keep below factors in mind-

1. Seek help only on a selected topic in which the students is facing a lot of difficulties. This way, they will not have to shell out more money. This help is beneficial only when a student is unable to complete an academic task due to lack of knowledge or time. Moreover, the students must try to finish the task themselves and only if they are not able to, they must approach a professional academic help website.

2. Look for a reliable and reputed academic help site. There is no dearth of academic portals making tall claims of offering high-quality services. It is always better to seek services from a portal that is known for providing quality assignment work completed well within pre-decided time. They must adhere to the quality and timely delivery commitments.

3. Check if the website allows the students to speak with the experts directly. Direct communication with the experts helps in minimizing the chances of any confusion or misunderstanding. This way, the task is completed as per the expectation of the client.

4. See if the online academic website also offers live tutoring option. The availability of this option is a further benefit to the student. They can reach out to the experts at any time of the day whenever faced with a complicated topic. The experts can tutor the students and help the students in getting an in-depth understanding of the topic.

It is vital that these online websites are chosen only to get an in-depth and a clear understanding of complicated concepts.

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Accounting, Engineering, and Computer Science Salaries on the Rise

In the Spring 2010 issue of Salary Survey, the National Association of Colleges and Employers (NACE) announced that starting salaries for accounting, finance, engineering and compute science majors are on the rise. This is in the face of decreases in starting salary offers for other recent graduates who majored in business administration, marketing, or liberal arts.

So what does this all mean for you? If you’re majoring in one of the following majors, or thinking about studying one of the following majors, here’s exactly how much extra money you can expect to have in your pocket after you sign that starting contract:

Accounting Salaries: Up.4 percent to $48,575
How to start an Accounting Career:
Accountants provide valuable services to individuals, independent businesses, and large corporations alike. An accounting degree will help teach you everything you need to know for this career, and prepare you to take the Certified Public Accountant (CPA) exam.

Computer Science Salaries: Up 4.7 percent to $60,426
How to Start a Computer Science Career:
If you spend any part of your day working on a computer, you know how invaluable computer science professionals are. As computers become more and more integral to our daily lives, the opportunities for this career path are endless.

Chemical Engineering Salaries: Up 1.6 percent to $66,437
How to Start a Chemical Engineering Career:
If you loved playing with your chemical set as a child, you might enjoy a career as a chemical engineer. These professionals combine physical sciences, such as chemistry, with life sciences and math to produce some of the most valuable materials and chemical processes of our time. To get started, you’ll need a Bachelor’s degree in chemical engineering. Visit our Bachelor’s degree programs page for information on Bachelor’s degree programs.

Civil Engineering Salaries: Up 1.3 percent to $52,443
How to Start a Civil Engineering Career:
Next time you drive over a bridge, pass under an underpass, or head to the airport, remember this: all of these structures are the work of civil engineers. A civil engineering degree will teach you how to study different environments and build structures that will survive the elements (and be completed on time and on budget).

Electrical Engineering Salaries: Up 3 percent to $59,326
How to Start an Electrical Engineering Career:
To become an electrical engineer, you’ll need to know how to build, test and develop the hottest new electronic items and devices. A Bachelor’s degree in engineering will get you on your way. Visit our Bachelor’s degree programs page for information on Bachelor’s degree programs.

Finance Salaries: Up 1.6 percent to $50,546
How to Start a Finance Career:
A finance degree can open the door to careers in financial analysis, financial auditing, and business. To find finance careers and degree programs, visit our financial analyst career profile.

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Stop Working Hard and Grow Money on Trees

For the average person today, getting ahead financially seems like an almost impossible feat. It’s difficult for many to envision ever escaping the rat race when the cost of living is so high and wages are so low. Seeing no way out, most just suck it up and push through, trying to make the “best of it” the only way they know how – by working harder.
WORKING HARD DOESN’T WORK
The problem with this approach is that the rules of money have changed, and working hard simply doesn’t work anymore. Most people have no idea that the rules of money have changed and that they are being penalized for playing by the old rules. Working hard used to work. Saving money used to work. However, after the rules changed in 1971, working hard and saving money progressively makes you poorer.
Because of a lack of financial education, a number of people find themselves metaphorically attempting to push a boulder up the side of a hill. A very few might make it, but for the majority the hill wins. This is what life is like today for those who don’t have a financial education and choose to play by the old rules and work hard.
The new rules require that your money work hard for you, instead of you working hard for money. You can look at this as “growing money on trees.” The rich don’t work hard for money. The rich have their money grow on trees, and so should you!
WORK TO ACCUMULATE ASSETS
The rich work to accumulate assets. In very simple terms, assets are things that place money in your pocket. Some examples are businesses, stocks, real estate, and precious metals. When we speak of growing money on trees, the asset is represented by the tree. Whether it is a business, real estate, stocks, or precious metals, the tree – as an asset – represents something that places money in your pocket.
How the asset performs is represented by its quality of DIRT. DIRT stands for debt, inflation, retirement, and taxes.
IT’S ABOUT HAVING GOOD DIRT
Having a sound financial education provides you the ability to increase the amount of money that goes into your pocket because of a high quality of DIRT. The poor and middle class suffer due to a lack of financial education. This is why they end up deeply in debt, destroyed by inflation, sold the riskiest of investments, and paying the highest in taxes.
Playing by the old rules is a losing proposition and dangerous! Learn to have your money work hard for you. Learn to grow your money on trees through assets – just like the rich.

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