Comments on: The Money Diaries: The 23 year-old non-profit employee living in Washington DC http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sun, 12 Feb 2012 18:46:58 +0000 hourly 1 http://wordpress.org/?v= By: of.jennism » Blog Archive » The internets taught me this week #1 http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc/#comment-97643 of.jennism » Blog Archive » The internets taught me this week #1 Sat, 09 May 2009 05:04:17 +0000 http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc#comment-97643 [...] am truly cheap — can’t ever justify having a tiny glass of wine for $5 at an airport and this is beyond not drinking; but wait, I would buy a bag of candy for [...] [...] am truly cheap — can’t ever justify having a tiny glass of wine for $5 at an airport and this is beyond not drinking; but wait, I would buy a bag of candy for [...]

]]> By: Manda B http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc/#comment-87412 Manda B Sat, 24 Jan 2009 02:50:42 +0000 http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc#comment-87412 I agree with Emilie. If you're serious about your nonprofit job, you need to conserve your energy in your off-hours so that you are able to perform well at work. If you're working 18 hours a day, something is bound to give. And you Don't want that thing to be sleeping through your alarm at your real job with the real supervisor and the real chance for advancement. Of course, different people have different thresholds for work and stress, but it is much more costly to your health and career to work yourself sick or crazy. Burnout is very real, and your agency needs you. Focus on cutting expenditures and maximizing the income you do have. I agree with Emilie. If you’re serious about your nonprofit job, you need to conserve your energy in your off-hours so that you are able to perform well at work. If you’re working 18 hours a day, something is bound to give. And you Don’t want that thing to be sleeping through your alarm at your real job with the real supervisor and the real chance for advancement.

Of course, different people have different thresholds for work and stress, but it is much more costly to your health and career to work yourself sick or crazy. Burnout is very real, and your agency needs you. Focus on cutting expenditures and maximizing the income you do have.

]]> By: Aspiring Entrepreneur http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc/#comment-79914 Aspiring Entrepreneur Tue, 11 Nov 2008 01:06:38 +0000 http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc#comment-79914 Hi, may I invite you to visit my blog also. It's a personal blog on my journey towards financial freedom as I share my views and experiences on investments, entrepreneurship, personal finance and self-improvement. Hi, may I invite you to visit my blog also. It’s a personal blog on my journey towards financial freedom as I share my views and experiences on investments, entrepreneurship, personal finance and self-improvement.

]]> By: BC http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc/#comment-73956 BC Wed, 17 Sep 2008 19:02:43 +0000 http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc#comment-73956 She should definitely get a second job - waiting tables, whatever. Last fall I worked full time at a non-profit in DC, then 20+ hours at a restaurant Friday night through Sunday. It sucked yes, but when you need money it's amazing how you can force yourself to tough it out. Heck, some weekends I would make more money waiting tables than at my full time job. I wouldn't recommend doing it for long - I could only handle it for 3 months - but it is a great way to save a ton of extra money (or pay off debt), and also realize just how lucky you are that you don't have to make a career out of waiting tables. She should definitely get a second job – waiting tables, whatever. Last fall I worked full time at a non-profit in DC, then 20+ hours at a restaurant Friday night through Sunday.

It sucked yes, but when you need money it’s amazing how you can force yourself to tough it out. Heck, some weekends I would make more money waiting tables than at my full time job. I wouldn’t recommend doing it for long – I could only handle it for 3 months – but it is a great way to save a ton of extra money (or pay off debt), and also realize just how lucky you are that you don’t have to make a career out of waiting tables.

]]> By: Maureen http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc/#comment-73853 Maureen Wed, 17 Sep 2008 02:31:08 +0000 http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc#comment-73853 I agree with Chris H. However, if she works in DC, riding the metro from Laurel would take her over an hour per day to get out of work. Aside from that, I'm actually at UMD and used to live in greenbelt. the building was great but the problem is I was a young female in an area that is typically a high crime area so I wasn't always comfortable with being out in the dark by myself..which is something she would have to do unless she buys a car..so the quality of life also comes into play here. I agree with Chris H. However, if she works in DC, riding the metro from Laurel would take her over an hour per day to get out of work. Aside from that, I’m actually at UMD and used to live in greenbelt. the building was great but the problem is I was a young female in an area that is typically a high crime area so I wasn’t always comfortable with being out in the dark by myself..which is something she would have to do unless she buys a car..so the quality of life also comes into play here.

]]> By: Chris H. http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc/#comment-73835 Chris H. Tue, 16 Sep 2008 22:41:01 +0000 http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc#comment-73835 This is definately a neat idea. Living in the DC metro area as well I agree with moving to the 'burbs, but Arlington and Bethesda are still expensive. If you really want to save some money move to P.G. Laurel and move in with people. As my cheap uncle says: "Sometimes you need to eat crow before the steak is served." - Live cheap and rough now to save for a little further up the line. This is definately a neat idea. Living in the DC metro area as well I agree with moving to the ‘burbs, but Arlington and Bethesda are still expensive. If you really want to save some money move to P.G. Laurel and move in with people. As my cheap uncle says: “Sometimes you need to eat crow before the steak is served.” – Live cheap and rough now to save for a little further up the line.

]]> By: Millie http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc/#comment-73815 Millie Tue, 16 Sep 2008 18:57:29 +0000 http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc#comment-73815 I love the idea of the Money Diaries! Being 24 and just starting out in the "big kid world" with a boatload of student loans, I can really relate to this story. Hang in there, hun! I love the idea of the Money Diaries!

Being 24 and just starting out in the “big kid world” with a boatload of student loans, I can really relate to this story. Hang in there, hun!

]]> By: Your BuDi http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc/#comment-73794 Your BuDi Tue, 16 Sep 2008 14:22:29 +0000 http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc#comment-73794 Well, I don't know what to say. Her is an letter I wrote to someone asking me for advice. Hey BuDi (buddy): Let’s just be frank. The economy is messed up. REALLY MESSED UP!!!! Of the 5 biggest financial companies in America in the last century plus, 3 have been drastically changed. One filed for bankruptcy, one was sold and the other was taken over by the government. I don’t know about you but this is a very serious problem. Have you checked the news lately? Many companies are laying off and outsourcing work overseas to workers that will work for as little as $5 a day. What can you do about it? Simple, invest in your self and your business. It might sound simple and like a no-brainer but when it comes to finances and people’s livelihoods people rarely lean on themselves to get them out of it. If you were in a fight with someone, wouldn’t you rely on yourself to get you out of it? If you had to get something urgently done, would you not depend on yourself to get it done? If you mom, dad, child, brother need help, I am positive you would do whatever it took to help them out. So in these extremely difficult times in the US financial arena, why not count on yourself to help yourself get out of it, trust yourself to get it done, and do whatever it takes to help yourself out. INVEST IN YOURSELF!! Financial experts are saying your bank deposits might not be totally safe. Instead of counting on an unstable economy, unstable job, unstable banking system, INVEST IN YOURSELF. What are you good at doing? Have you been putting off starting a business? Do it. There is no better time to start a business. In these slow times for the economy, build the foundation of the business, and build your base of customers. Everything works in cycles. When the economy comes back to the good side of things and everyone is spending money, you don’t want to be left out in the cold. Everyone is tired of the corporate conglomerates that are ruling the country and failing its supporters. Everyone is looking for an alternative. Now, is the perfect time for you to get out there and live your dreams, fulfill your destiny, be who you want to be. Start your business now, while things are slow and you are able to get in the game. The corporate conglomerates have messed up and slowed done enough to let YOU in the game. Get in the game, start your business, invest in yourself NOW and watch the benefits of your labor begin to come in and make you financially stable, free, and independent. Together BuDi (buddy), we can help each other succeed. I look forward to helping each other reach our goals. If you need a BuDi (buddy) for your business, we’ll be your BuDi (buddy). Your BuDi (buddy) in business. BuDi Well, I don’t know what to say. Her is an letter I wrote to someone asking me for advice.

Hey BuDi (buddy):

Let’s just be frank. The economy is messed up. REALLY MESSED UP!!!! Of the 5 biggest financial companies in America in the last century plus, 3 have been drastically changed. One filed for bankruptcy, one was sold and the other was taken over by the government. I don’t know about you but this is a very serious problem. Have you checked the news lately? Many companies are laying off and outsourcing work overseas to workers that will work for as little as $5 a day.

What can you do about it? Simple, invest in your self and your business. It might sound simple and like a no-brainer but when it comes to finances and people’s livelihoods people rarely lean on themselves to get them out of it. If you were in a fight with someone, wouldn’t you rely on yourself to get you out of it? If you had to get something urgently done, would you not depend on yourself to get it done? If you mom, dad, child, brother need help, I am positive you would do whatever it took to help them out.

So in these extremely difficult times in the US financial arena, why not count on yourself to help yourself get out of it, trust yourself to get it done, and do whatever it takes to help yourself out. INVEST IN YOURSELF!! Financial experts are saying your bank deposits might not be totally safe. Instead of counting on an unstable economy, unstable job, unstable banking system, INVEST IN YOURSELF.

What are you good at doing? Have you been putting off starting a business? Do it. There is no better time to start a business. In these slow times for the economy, build the foundation of the business, and build your base of customers. Everything works in cycles. When the economy comes back to the good side of things and everyone is spending money, you don’t want to be left out in the cold. Everyone is tired of the corporate conglomerates that are ruling the country and failing its supporters.

Everyone is looking for an alternative. Now, is the perfect time for you to get out there and live your dreams, fulfill your destiny, be who you want to be. Start your business now, while things are slow and you are able to get in the game. The corporate conglomerates have messed up and slowed done enough to let YOU in the game. Get in the game, start your business, invest in yourself NOW and watch the benefits of your labor begin to come in and make you financially stable, free, and independent.

Together BuDi (buddy), we can help each other succeed. I look forward to helping each other reach our goals. If you need a BuDi (buddy) for your business, we’ll be your BuDi (buddy). Your BuDi (buddy) in business.

BuDi

]]> By: evie http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc/#comment-73488 evie Sun, 14 Sep 2008 02:33:37 +0000 http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc#comment-73488 Love the idea of this series. Don't like that several commenters seem to be judgmental. She is doing this exactly because she is trying to start learning how to manage money better. I have had several of the same feelings. Realizing your parents don't have much financial sense is a strange dynamic. It's very hard to successfully suggest to any family member, especially parents, how they could be more responsible in any area. Love the idea of this series.

Don’t like that several commenters seem to be judgmental. She is doing this exactly because she is trying to start learning how to manage money better.

I have had several of the same feelings. Realizing your parents don’t have much financial sense is a strange dynamic. It’s very hard to successfully suggest to any family member, especially parents, how they could be more responsible in any area.

]]> By: Maureen http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc/#comment-73308 Maureen Fri, 12 Sep 2008 17:05:56 +0000 http://www.iwillteachyoutoberich.com/blog/the-money-diaries-the-23-year-old-non-profit-employee-living-in-washington-dc#comment-73308 I live in the DC metro area as well and I agree with Kam. Moving to the Suburbs might be a good idea for you. I personally live in Bethesda, MD but rent is still cheaper than it would be if I lived in the city... I work fulltime and go to school fulltime and it sucks big time but life in the DC area is so expensive, I can't take any more student loans to cover my living expenses. Which is something to consider when going to med school. Try to choose a school in an area that is more affordable so as to keep your student loans low. An ex-collegue got accepted on a full ride to a law school in NYC but he didn't take it because it would cost him around $68,000 a year in living expenses just go to there...so he opted for a school with a partial scholarship but in a less expensive area... I live in the DC metro area as well and I agree with Kam. Moving to the Suburbs might be a good idea for you. I personally live in Bethesda, MD but rent is still cheaper than it would be if I lived in the city…
I work fulltime and go to school fulltime and it sucks big time but life in the DC area is so expensive, I can’t take any more student loans to cover my living expenses. Which is something to consider when going to med school.
Try to choose a school in an area that is more affordable so as to keep your student loans low.
An ex-collegue got accepted on a full ride to a law school in NYC but he didn’t take it because it would cost him around $68,000 a year in living expenses just go to there…so he opted for a school with a partial scholarship but in a less expensive area…

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