How To Get Financial Freedom At College Going Age?

What would you do with your life if you know how to be financially free at age 19 or 20? Would you consider trading in a 9-5 lifestyle for one of excitement and adventure? This article dives into the question of whether it’s possible to be financially free during college.

Financial Freedom At College-Going Age

If you are thinking about attending college, there are a few things you should know about getting financial freedom while attending. There are a few things you can do to make sure that you have the best chance of being able to afford college without taking out massive loans. The first thing you need to do is figure out how much money you will need to cover your costs of attendance. This will include tuition, room and board, and other expenses like books and supplies. Next, figure out what you can save each month to put towards your education. This will include anything from Raise Money to setting up a 529 account for college savings. Finally, start preparing for the costs of attendance by mapping out a budget and creating a funding plan. This will help you identify where your money is going and give you a better idea of how much money you will need to borrow to attend college. By taking these steps, you can start planning your path to financial freedom while attending college.

The Pros and Cons of Getting a Job vs. Finding a Side Hustle

There are pros and cons to every decision you make, and the same is true for choosing between getting a job and starting a side hustle. If you’re considering either option, here’s a breakdown of the pros and cons of each.

PRO: Getting a job provides stability and financial security during your college years. This can be important if you’re concerned about how your money will be spent while you’re away from home and don’t have any other means of support. Jobs also give you access to benefits, such as healthcare, retirement savings, and paid leave.

CON: Jobs can be boring and stressful, which may not be ideal if you want to enjoy your college experience. They also may not offer enough opportunities for growth or advancement, so you may not feel like you’re advancing in your career or learning new skills. Additionally, many jobs require long hours that may not fit with your academic schedule.

PRO: Starting a side hustle can give you the flexibility to take time off from your job or work part-time while still earning money. This can be especially beneficial if you want to avoid taking on extra debt while attending college.

The Value of Side Hustles

Side hustles are a great way to make money while you’re still in school, and they can also help you build financial freedom. Here’s how to get started:

1. Figure out what you’re good at. If you don’t know what you’re good at, figure it out. There are plenty of resources out there, like Skillshare or Udemy, that can teach you new skills.

2. Start small. Don’t expect to make a ton of money right away from your side hustles. Instead, focus on growing your income gradually over time.

3. Use your side hustles to supplement your income. When you’re starting out, it can be tough to make enough money from your regular job to cover all your expenses. But by using your side hustles as supplemental income, you’ll be able to live comfortably while you continue working on your career goals.

4. Have patience and keep learning. The more you learn about how to make money from your side hustles, the better off you’ll be. Keep learning about new opportunities and ways to improve your skills so that you can keep making money and building financial freedom while you’re still in school.

How To Start A Side Hustle

If you’re looking to start a side hustle during your college years, there are a few things to keep in mind. First, make sure you have a good idea of what you’re good at and can commit to doing for a longer period of time than say, 20 minutes at a time. Second, make sure you have the appropriate equipment or tools needed to get the job done. And finally, always be safe and smart when starting a side hustle- know your state laws and be honest with potential customers. Here are four tips on how to get started with a side hustle:

1. Come up with an idea that you’re passionate about and can commit to for long periods of time. This could be anything from creating content for an online blog to creating marketing materials for a business start-up, to writing copy for online ads. The key is to find something that you’re good at and enjoy doing.

2. Get the appropriate equipment or tools needed to complete your project. This could include computers, video cameras, microphones, or even editing software. Make sure you have enough space so that you can set up everything properly and don’t sacrifice any quality in the process.

Conclusion

One of the biggest challenges that many college students face is trying to figure out how to get financial freedom. Unfortunately, most jobs don’t pay enough money to cover all of your expenses and you quickly find yourself in debt. It’s important to start saving as soon as you can so that you have some cushion when school starts and you don’t have to rely on your parents for support. There are a number of ways that you can get started on building your savings account, which we will discuss in future articles. For now, though, I want to leave you with this advice: start planning for financial freedom now so that when you reach adulthood it won’t be such a big hurdle to overcome.

 

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