To start and give some small background about me, I am a minority student that comes from a middle class family. I attended a university upon graduating in 3 and a half years from high school with honors. I had completed a semester of college prior to graduation for high school. I went on to earn a triple major in Accounting, Finance and International Studies with a double minor in Mathematics and Economics while earning a scholarship that paved to way to earning my degree tuition-free. I also managed to adapt to my environment and worked several positions on or near campus such as a server and cook at several locations that Panda Express had, an Administrative Secretary role at one of the four hospitals in walking distance to the university, and as a lab supervisor overseeing several computer labs and facilities on-campus. From me adapting to the university’s campus, I was then able to network with not only peers I took classes with or organizations I became a member of or volunteered for, but with individuals from all departments on-campus through my employment. This enabled me further opportunity to land internships and I managed to intern at a non-profit 501(3)(c), a consulting firm, and lastly, a theatre chain provide unique product or service to the existing business. This gave me exposure to my field and eventually upon graduating, I was able to accept an offer at on of the largest accounting firms in the world. I wouldn’t be this successful during undergraduate years if I hadn’t managed my time efficiently filling out job applications to taking classes full-time and to going to the writing center to have my essays critiqued for my scholarship application(s). I made it work because I saw where I had time and where I didn’t and what the possibilities if I did so. This is all to say that I didn’t attend college or live in the largest city in the world to do this, work at the top position of a hospital or a hospital near me or nonprofits near me, I simply looked where others probably weren’t looking to see if an opportunity no matter how small could be made. I guess you could say I was evaluating opportunity cost of task over another. While some might say that these were temporary jobs, I would say that they provided me an equal opportunity job as an equal opportunity employer that helped get me to where I am today and I for that, I’m forever grateful.
Story Time! As someone going to college or pursuing any form of education, there is always a cost to learn for some reason. When I was in my freshman year of undergraduate studies, I had to experience this first-hand myself. It was my ability to jump in the library or search online that led me to scholarship opportunities that I could apply for, whether it was at the university or college level, or within the department or school to which I would be focusing my studies on (School of Business, School of Economics, School of Liberal Arts, etc.). I found that the more I spent time looking into more opportunities, the more I could find them and apply. Don’t get me wrong in that I found a lot of opportunities that were a waste of time because I was simply ineligible to meet requirements and criteria, such as race, gender, field of study, etc. The point I’m trying to make is that I wouldn’t have gotten through my college program and earned my college degree if it wasn’t for my effort to apply for scholarships, go to a writing center on campus and have my scholarship essays critiqued as well as look to see how to draft a request for a recommendation letter to send to my peers, professors and employers. It was these initiatives that led me to earning a scholarship and in that regard as I sat next to someone I didn’t know one day at a computer lab/testing center in one of the university buildings, it was there that I also realized that one can pass on this knowledge to others simply by building a relationship and realizing the impact it could potentially make on others. Simply put, my success in earning a scholarship ultimately led to others being successful in earning a scholarship. I just wanted to share this as I feel in today’s society where tuition costs are on a constant rise and many students struggle to graduate and even those that do are in constant debt, there is still a small light at the end of the tunnel.
To further add, I’ve listed several opportunities (Rhodes scholar, Fullbright scholar, Coca Cola scholarship, Excelsior scholarship, Fullbright scholarship, CNU scholar, Hispanic scholarship fund and Bright Futures scholarship) hoping this will lead others to apply and find there light at the end of the tunnel. Please take a look at eligibility requirements (state specific, school specific, GPA, etc.) prior to applying. I will continue to update the list as I find more opportunities.
|Rhodes scholar – please click here for eligibility criteria, organization’s website, etc.|
|Fulbright scholar – please click here for eligibility criteria, organization’s website, etc.|
|Coca Cola scholarship – please click here for eligibility criteria, organization’s website, etc.|
|Excelsior scholarship – please click here for eligibility criteria, organization’s website, etc.|
|Fulbright Scholarship – please click here for eligibility criteria, organization’s website, etc.|
|CNU scholar – please click here for eligibility criteria, organization’s website, etc.|
|Hispanic scholarship fund – please click here for eligibility criteria, organization’s website, etc.|
|Bright Futures scholarship – please click here for eligibility criteria, organization’s website, etc.|
Hopefully, through my previous posts about saving through a high interest checking account, Ally high yield savings account, American Express high yield savings account, Ally high yield savings account, Discover high yield savings, Synchrony high yield savings account, etc. and this list of scholarship opportunities, students can attempt to afford for their education. This is the link in regards to checking and savings accounts, etc.
Tons of people always ask what can I do to invest now so that it can help me achieve my goals and objectives in the long-term. The answer is quite simple. Whether your 15 or 16 years old working towards lining up a first job, 17 or 18 and about to head to college or take some time off after high school or even 25 working a boring day job and not really getting anywhere in life, there is always something you can invest in. I guess the first question would be: what are your goals?
Here’s an example. Are your trying to get fit, stay healthy or work out to achieve a much bigger goal? Then it’s pretty obvious, right? Invest some money in a gym membership or simply workout sessions or maybe a personal trainer. You see what’s happening here right? You’re reading this article but you might not be interested in all the investments I offered if this was your goal? In reality, what’s happening behind the scenes is that we’re developing a creative process or simply put, a plan of attack. We could actually come up with a list of different investments you could invest in through just searching on a search engine, asking peers, etc. but the point I’m truly trying to get across is that you need to not only invest money but time and effort to produce the results that your looking for.
Of course everything I mentioned is probably making you feel less and less likely to pursue this goal in my example, we need to realize that whatever goal(s) or objective(s) you decide, you should realize that it’s not always one or two options on the table. We see this when we look at some of the wealthiest individuals in the world. You’ll notice that they invested in multiple areas to build the success that they have had. They also at some point got to that point or relatively close to it to achieving there goal(s). This is important to realize because it isn’t as straightforward as you might think.
There’s no way you can invest right now and expect to be a millionaire in 2 years and 5 months and 6 days at 4:23 and half a second. You really need to cultivate growth and realize this is going to be a long-term process.
To give you some perspective, think about the minimalist lifestyle to a wealthy lifestyle and how alternative lifestyles can shape who you are and keep things relative to the point you’ve succeeded where you wanted to be. From blue collar jobs and putting in hard work or at least a solid work ethic to eventually owning land down under you, it all takes time.
The real meaning of Netflix and chill?…Netflix pizza and chill?
It seems mobile communication providers are teaming up with major providers. T-Mobile offers free Netflix, AT&T offers free HBO, Sprint offers free Hulu. I guess this translates to one less bill. 😀
These days the consumer-to-banking relationship is really a given one way relationship. With the old-school tradition of doing business with a brick and mortar shop, most consumers are led to give into giving up their buying power to traditional style big banks in order to be less concerned with knowing there funds are safe and available.
In truth, these banks gain more than the consumers who are depositing there funds into these bank accounts due to average annual checking account yield around .01%. To put into context, let’s say you have $50,000 dollars and you would like to keep this money available at anytime but not have to carry it around with you. So you decide to setup a checking account at one of the big banks (Chase, Bank of America, Wells Fargo, Citi, etc.). If you were to keep $50,000 in the checking account for one year and not spend it at all (which would probably not be realistic but let’s keep it in a worst case scenario), the interest generated would be around $5. Is it really worth it?
Of course, the interesting thing is that these banks are typically FDIC insured up to $250,000 per consumer. This is what makes your funds safe in case a bank were to struggle financially for whatever reason. Do you know what other banks are FDIC insured? Online banks. Wait. I know what you’re probably thinking. That’s great and all that they can provide safety if a online bank were to go bankrupt. However, the funds aren’t easily accessible. That is true somewhat but nowadays banks are able to refund on ATM fees monthly, and/or offer other ATM locations to easily access your funds. Of course, the dilemma would be learning to do a new process to get your funds in terms of finding the ATM that wouldn’t cost you as much if at all and seeing if you might have to go a little farther to obtain your funds.
I guess, in truth, there are pros and cons to both online and traditional big banks. Below are a few banks that have sort of came out above both types and excel.
Aspiration is an interesting financial institution. It’s checking account currently yields around 1%. So on the same $50,000 in the previous example, the interest earned after a year would be around $500. In addition, they offer refunds on ATM fees and similar to what was mentioned above offer ATM-free locations.
NBKC is a bank based in Kansas City, MO. It offers a 1.01% annual percentage yield with no monthly account fees, no minimum balance, no fees at Moneypass ATMs and up to a $12 refund on any other ATM fees.
American Express High Yield Savings? Ally High Yield Savings? Discover High Yield Savings?
To be honest, I probably wouldn’t go with any of them. Well, except maybe Ally which is hovering right about 2% APY. Synchrony Bank high yield savings is right about there too. Maybe Wells Fargo high yields savings? Yea right, with that fake account scandal, I’d pass.
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Success isn’t always about greatness. It’s about consistency. Consistent hard work leads to success. Greatness will come. — Dwayne Johnson