Only 5 Years Away
Table of Contents
- The Cost of College by Kristi Vollmer
- Everything You Need to Know About Scholarships by Samantha Blackstad
- Student Loans by Nicole Athanasiou
- How a Student Loan Works by Nick Cannon
- How Much Does it Cost to Become an Architect? by Mariana Hernandez
- Money In Our Society by Emily Ott
- Investors Investing by Ben Stoffel-Murray
The Cost of College by Kristi Vollmer
Why do parents fear to find out the total cost of going to college? Because college is not even close to being cheap. Over 30 years, the cost of college has gone up. The average college family bill has been rising faster than the inflation rate, which is the increase in the price level of goods and services in an economy over a time period.
Financing college is a tough task for a lot of families, probably for most. What is to blame for the increasing cost of college? The answer is, competition between colleges trying to win over the student. In other words, colleges are trying to show that one school is better than the other. Also because the school might have a certain sport or topic/field that the student is looking for, which makes the families pay whatever price for those classes. An example would be Harvard, because it’s known for lawyers. Harvard is a very expensive school, but certain families will pay a lot of money for success which is why Harvard would win by default against smaller colleges.
Another thing to blame would be having stores/restaurants on campus. The colleges are trying to have diverse menus for the diverse races of people. That would lead to paying more workers to work in these restaurants. Also, in this lifetime, technology is sort of taking over, becoming a huge part in our lives. If you want technology like a laptop or smart board or you just need it fixed, you would call the technology employees. By giving them work to do, you would be increasing the labor hours which would increase the cost of this service.
High school students have been walking into the college classes not prepared to succeed in the first year courses. They would then have to take remedial courses to build up strength in that topic/subject. Doing so would delay the students graduation because remedial classes don’t count towards achieving your degree. That then would lead to paying more money for tuition and all the fees due to pay because you pay money for each semester you learn at the college.
Yes, higher education does cost more money. This higher cost will create more debt, but those families would probably do anything to make their child a successful human being. The student loans increase, because who wouldn’t want their child to succeed. Employers are looking for people to work for them everyday. If they have to choose between someone from Yale or someone from UW Milwaukee, which one do you think they would choose? They may take the student from Yale because they had better, higher education which makes them seem like they would be more capable of the job than a student from UW Milwaukee.
So, if you want to decrease the cost of your tuition for college, you will need to be successful in highschool so you are prepared for college courses. You could also get a scholarship for a sport, activity or by earning college credits in high school. This would pay for some of the money. If not, you better hope your parents are loaded.
Everything You Need to Know About Scholarships by Samantha Blackstad
In about five years or so we will be moving on to the next chapter of our lives: college. Can we all say that we know that college is very expensive. Since college is so expensive, the government, corporations, and even universities help supply money for scholarships. A scholarship is money used for college. Therefore, a scholarship is not a loan nor is it free money. The reason scholarships aren’t free money is because you can’t use it on anything, only to pay for school. To get a scholarship you will have to apply. Finding scholarships can be as easy as just asking around. You can ask teachers, counselors, or coaches. You can also look on the internet, but if you do so, be very careful. Sometimes “scholarships” online are scams. You should never have to pay to apply for a scholarship. You can also win scholarships through contests. With this, there are three main types of scholarships: individual, athletic, and merit scholarships.
Individual scholarships are scholarships that pertain to a certain degree or category of education. You would have to apply to these types of scholarships. Most individual scholarships are from outside things or not given out through the school.
Athletic scholarships are pretty amazing. If you get an athletic scholarship, that means you are really good at a certain sport and that you have potential. Athletic scholarships are through the university’s athletic department, and the schools pay for your scholarship. You don’t necessarily apply for an athletic scholarship. Normally the coaches of the university notice you and send you the application and all the information about the scholarship. Once a student receives an offer, they have to send in a letter of reply and a performance DvD. One thing you should also know about athletic scholarships is that even though you are good at that sport, you must have a certain grade point average.
Merit scholarships are the most common scholarships out there. Merit scholarships recognize the talented, the leaders, and the committed people. This scholarship wants you to live up to your full potential. The merit scholarship also includes students in the fine arts. Merit scholarship are split into two categories. One is that in-state schools send scholarships to students only in their state. The reason is to keep the talent at home, or in the home state. The other type is just the scholarship that can be given to anyone with the requirements fulfilled - no matter where they live.
To get a scholarship you must be committed in what you are doing. The more skills you have the better the chance you are to get a scholarship. You can also get a scholarship through academic achievement and extracurricular activities. If you are going for an academic achievement you must have really good grades. Schools also look at the high school classes you took. The more advanced classes you took, the higher the chance of getting accepted into a scholarship. Universities will also look at your PSATS, SATS, and your ACTS scores. You want to be higher than most students. For extracurricular activities, the more you’re involved the better you “look.” It shows that you are involved in the community and the school.
The more you apply for scholarships the better chance you are to get accepted. So never give up on trying to get through college for free or even reducing the price to something more applicable to you.
Student Loans by Nicole Athanasiou
What are student loans? Student loans help you save money on college when you borrow money from an organization and are required to pay it back in a certain amount of time. Often times they are based on the student’s financial need or credit score, and usually reach into tens of thousands of dollars. In addition to the payment of money borrowed, there’s a good chance you will have to pay for interest, or extra money for the amount of time the payment isn’t repaid.
There are three types of loans: federal, state, and private. Federal student loans off low, fixed interest rates. The money is issued by the federal government, but there are limits to how much can be borrowed from the government. Federal students loans don’t cover all of college sometimes, and at times availability can be based on need. There are two different ways to get federal students loans. One way is directly through the Department of Education (a direct loan). The second way is through a private member of the government, like the Federal Family Education Loan. Another thing that makes federal student loans even more appealing is that you are given the option to allow the school to hold surplus money from student loans for other years at the college. This can help students because instead of paying the full amount each year, they would have a smaller total amount of money to pay for college.
The next type, state loans, is issued by states. Qualification terms for state loans are usually similar to federal loans. Interest rate and program charges can be high, but when in need of a student loan, state loans may be the only option left. State loan programs often vary, so when looking for a college it is best to talk to your state’s department of post-secondary education for more details.
Private loans are another type of student loan. Three types of private loans are Perkins, Stafford, and PLUS. Qualifications for Perkins loans are based on need, and there is a nine month period of repayment. Stafford loans are most commonly issued, and traditionally have low interest rates. These loans are available to any student, either directly or through a Federal Family Education Loan. PLUS loans are based on credit score, and the parent of the student is the one borrowing the money.
When comparing student loans, it is best to look at the total cost of the borrowed money and the interest and compare that. If you only compare the principal, or original amount, one organization’s offer may look deceivingly better than another organization’s without the interest added on. When you borrow money for college by using a student loan, it can be costly, but it can make your college dream come true.
How a Student Loan Works by Nick Cannon
What is a Student loan?
Well, you did it. You have gotten the letter that many people hope and desire to get. You have been accepted into college. Unfortunately, like many good things in this world, college costs money, lots and lots of money. Enter Student Loans. A Student Loan is a loan offered to students which is used to pay off education-related expenses, such as college tuition, room and board at the university, or textbooks. In other words, student loans help you pay for college. Now, there are two types of student loans. Private and Federal. Lets start with the Federal Student loans.
How does a Federal Student Loan work?
For starters, a Federal Student loan is funded by the government, hence the name Federal. The loan is based on how much you need the loan. Even though it won’t cover all of college, many people use this option. A reason why many people use this loan is because it has low fixed interest rates. There are 2 ways to get a Federal loan You either get it Direct from the Department of Education, or through the government-run FFEL (Family Federal Education Loan) program.
Examples of Types of Federal Loans
With federal loans, there are many different types. The Perkins loan is a loan where you get money loaned from the college you attend. This loan is more for people who need money the most. The Stafford loan is the most commonly used federal loan, because almost everyone can qualify for one. Finally, the PLUS loan is where your parents were to get money directly from the government, and in turn use that money to pay for your college.
Subsidized vs Unsubsidized
The subsidized vs unsubsidized battle is like most in this country: it involves the government. The two both are kinds of Federal loans. First, subsidized. Usually, you should be able to wait 6 months after graduation to pay it off. The loan is also based off how much of a financial need your family has. If financial need is is great, chances are you will get a subsidization. Also, subsidized loans don’t accrue, or have interest start to meet debt until graduation. The other option is Unsubsidized loans. Like Private loans, the loan has to be paid after graduation. Also, unlike subsidized loans, the interest accrues while a student is attending college. So, in other words, the two are polar opposite.
How does a Private Student Loan work?
Unlike a Federal loan, a Private loan comes from a bank or a corporation. With Private loans, a bank usually pays the school directly, saving you a lot of stress. Another thing about Private loans is that cosigning on a loan is recommended for you. In other words, someone that you trust could also pay off part of the loan with you. A typical co-signer is a parent or close family member. Finally, the interest loans usually are based off one of two things, the London Interbank Offered Rate (LIBOR), or a prime rate.
Repaying a Federal loan
The most “fun” part of the process is Repaying a loan. With federal loans, you basically have 10 to 30 years to repay it. If you have a standard repayment plan, you have 10 years to pay it off. If you have an extended repayment plan, you have 25 years. If you have to have an Income- based repayment, you have 25 or more years to repay it. The payments are based on how much income you earn in a job you get after graduation. If you have an Income-contingent plan, you have 10+ years. Income-contingent can make for higher payments right after graduation. It will depend on the income of your household.
Repaying a Private Loan
With Private loans, there are 3 basic types. Full deferral plans allow you 6 months to pay off the loan. Immediate payments are exactly like they sound (you pay immediately after graduation). And Interest only payments are only on the interest. Interest only payments will take a long time to repay the balance of the loan.
What if you have hit a financial roadblock, one that forces you to stop paying off your student loans? This will put you into a situation called defaulting. Defaulting is when you stop paying your loans off. So what do you do if you are in that situation? First, consider getting a forbearance, or a no pay period without penalty. Or you could consolidate multiple sources to help you get out of your jam. Either way, you don’t want to reserve to defaulting, because in the end, it is a truly bad idea.
The key to having a good experience with student loans is recognizing the type of student loan situation you have, understanding what type of loan you can qualify for, how to repay that loan, and how avoid defaulting. By following these steps, you will hold the key to having a successful college career.
If You Want to Be an Architect...
How Much Does it Cost to Become an Architect? by Mariana Hernandez
The dream of becoming an Architect is being built in many young minds. Dreaming is easy, now making it come true takes a lot of financing help. The process of becoming an architect takes about 6 years to complete and $41,300 to $145,200. There are different types of schools that you could assist to such as private university which cost about $18,150 to pay but that is not including the other fees that they add. Public Universities cost a little less than the private one but they work by Semester. A two-year master’s degree runs from $27,600- $72,580. In order to enter any of the universities, you must pass the GRE (Graduate Record Exam) exam that costs $140 to take.
One university offering a degree in architecture is the University of Minnesota. This university includes the MArch program(Master of Architect and the amount of money that they have to pay to attend this university is for State Residents they pay $10,400, for Nonresidents they would pay $17,500. An MIT(Massachusetts Institute of Technology) Department is a professional degree for the education of the architect and that wants to become a licensed registered architect. The MIT only allows 30 students a year and the cost for a 9 month education would be $35,000.
Some universities include a tutor which costs $24.95 plus the book which range from $16-$85 each. The average that they would pay for books and supplies are about $1,000- $1,500 a year. They also include insurance and a room that adds up to $800-$1,900 a year. Also Cornell University includes the a room costs $11,680 per academic year. The San Francisco Academy of Arts cost for a 9 months on-campus would be $6,800-$11,000.In general, a year of school could range from $6,900 to $18,150.
Moving on to one of the universities that you could attend to would be the Harvard Graduate School of Education (2014-2015). A full time student would pay $41,616 per academic year. Part time student would pay $5,202 per course/per term. The next cost would be Advanced Doctoral Fee which is $4,162 per term/semester. Then Health Insurance fees are $3,358 per academic year. Tuition and health insurance are directly billed to students. Others fees should not be exceeded and all of the categories are estimated. People that are applying for Financial aid have eligibility is determined and estimated before entering the university.
For a full time students at the University of Harvard,the tuition fee is $41,616. The cost of the Rent,Utilities, and food are $16,128. Then $3,358 for Heath Insurance Fees, $1,232 for the books and the supplies that they students will need. Next, $1,620 for the Local Transportation and $3,670 for the personal expenses and also the Federal Loan Fees are $220 and in total, this comes to $67,844 estimated.Costs to become an architect vary. These costs are for years 2,3,4 and beyond schooling. A different way to study the cost would be the cost for the Standard Full Time Ed.L.D. for a year,2 years, and 3 years. The costs change and are determined each year. Also, the tuitions and fees differ year to year.
There is a definitive cost to building your dreams and becoming an architect. If you shop wisely,apply for financial aid, save money, and ensure you are working hard in school,your investment will lead you to a lucrative career.
Money In Our Society by Emily Ott
How does money affect our world today?
When I first set out to write this article, I had a bit of a pessimistic view on the idea of money. It’s easy to see all the problems in our world affiliated with money. And to be honest, I don’t even really know now where I stand. You see, money in itself isn’t actually a problem. It is a tool, or a resource. It is what we use today to give value, reward, or support. If we were to always live the way we do now, its hard to see why anyone would try to live without money. It’s like a security blanket. Having a job with a constant salary guarantees Americans everything they need. Food, water, clothing, care, and shelter are all things that are widely accessible in our country for anyone who has a job.
Money today is how we exchange goods based on the object’s value. This replaces our old system: exchanging object for object. If Suzie has apples but wants an oven and Ed wants apples but certainly won’t give up his oven, money allows Suzie to buy an oven and Ed to buy apples from Suzie. This definitely makes things simpler, considering the fact that no one really needs an oven’s worth of apples. Basically, if someone wants what you can provide, you will get paid money for whatever that may be and you can then use that money to buy a product or service from someone else. And how much someone values your products or services will determine how much payment you will receive. I suppose you could charge someone one hundred dollars for an apple in savings towards an oven, but most likely, it is the buyers that will determine how you price whatever you have to offer. For example, an Apple Ipod fifth generation 32GB is three hundred dollars. This means that the company believes that their product is worth three hundred dollars, and based on their previous sales, price of similar products, etc, Apple knows that enough people will be willing to pay the price for their product to gain a sufficient profit.
When we see problems regarding financial things, money isn’t really to blame. It’s a bit irrational to claim so, especially since it is an inanimate object that never had a say in anything, ever. When we see homeless people, exploitation in third world countries, egotistical rich citizens, money is not to blame. It isn’t the system’s flaw, but rather the people’s. The true fact is, we aren’t utilizing our resources. Much is being wasted. For example, in our country, we are able to throw away extra, uneaten, or rotten food; in other countries, they spend their days trying to find food, which when they do, it very well may be rotten. As much of this is due to their corrupt government, some of these issues do have our fingerprints on it.
The reason trouble exists in third world countries is because their minimum or even average wages are extremely low. In many of these countries, there is little or no protection when it comes to human rights. Here in the U.S, we play our part by maximizing profit. Our companies will lower production costs by setting up factories in these third world countries. That way, they are breaking no law, yet they do not have to pay their workers even a sufficient amount because there are no precautions that say so. When companies do not have to pay their workers much, they, in turn, receive a much higher profit than they would otherwise. Those who weren’t paid are the ones that worked for the money, they never received it. The company pretty much controls those unfortunate people, and no one can really seem to stop the madness. The sweatshop company products that we buy are still expensive, because that is where the company gets their profit from, however, products from companies that actually do pay their workers are even more expensive. Since many families in the U.S. need to budget and buy things cheaper, it can be hard to always buy sweatshop free products. Most of the time, we don’t even know if we are buying products produced in sweatshops, which doesn’t really help those third world countries. Even if someone does have the money to buy expensive products, does it really make sense to buy something more expensive? It might look better. And they might as well go and buy it. And it is common to see wealthy people who aren’t afraid to flaunt it. Then we have what I call egotistical rich people. Those rich people just might happen to be at the top of one company or another. It’s a circle of control that has gone out of control.
This brings me to my next topic. Years ago, explorers set out looking for new lands, because land was power. Today, we work for money because money is power. You can only really support something these days by using money as promotion to do so. And how much money you earn doing anything is a measurement of how much your employer, the government, or the public values you. So if you do have an important task to accomplish or message to spread, you pretty much need the money to do so. If someone wanted to end sweatshop labor, they might start an organization or write blogs online. However, is it more likely for someone to come across a giant advertisement that shows up pretty much every time they go online, than a blog somewhere in cyberspace that really has to be searched for in order for anyone to see it. I suppose you could advertise sweatshop labor, but that wouldn’t work out too well because there is really no income that could support your ad unless it came from an organization.
There is a big gap between upper and lower class in America. It seems as there isn’t much middle ground. In 2012, as many as forty two million people lived in poverty. Our upper class is very rich and our lower class is very poor. And this all comes down to value. In our country, being a doctor is a highly valued profession and farming on the other hand is not, according to difference in salary. But really, without fresh healthy food, we would need even more doctors. Since all occupations play a huge role in our communities, why are some professions so highly valued over others? I think what would really solve a lot of problems is if we were all paid nearly the same amount of money. And the amount of money earned should be based on productivity and results. Or better yet, have everyone earning money, but have that separate from the working world. We could make everyone required to have a job and be productive in order to gain money. The money could be handled through statewide and local governments, that way everyone would be valued for whatever they did. And sure, wages might still vary depending on how much the company makes or how difficult the profession is, however this would even out our wealth gap.
In conclusion, money is a system which simplifies and complicates things in many ways. It is not only used to give and exchange goods, but it has high impacts on society and power as well. One country’s employment habits may very well affect another’s, and this isn’t often a good thing. And lastly, we still have problems communicating about finances and how we work things are a bit flawed in some areas, but no matter the intention, every action will in some way affect our world.
Inspired by Jordan Pierce’s youtube video
“Question Everything~ How do you travel with no money”
Investors Investing by Ben Stoffel-Murray
I’m sure at least once in your life, whether it was by a parent, relative or teacher, you’ve been told “You’re never too young to start investing.” You may have been told this a lot, and you may be sick of hearing this over and over again. However, your friends and family are right when they tell you that. If you can read, write, and/or type well enough to understand this article, then you’re probably old enough to start investing. In this article, I will go over how you can start investing and tips for young investors.
As I said, it is never really too early to start investing. Whether you’re 10 years old or 50 years old, if you can grasp a basic understanding of the stock market and its operations, you’re golden. If you start investing early, you will come to learn that investing at a young age can be easier and more rewarding.
Since you are still a minor, you don’t have to have a great understanding of the ins and outs of the stock market. To be legally allowed to buy stocks or sign stock contracts, you need to be at least 18 years of age. But that doesn’t for one second mean that you can’t invest. There are many options for children and teens who wish to start investing.
First, a young investor can have a parent or guardian put money in a certificate of deposit. A certificate of deposit is a safe place for a young investor to but their money until they are old enough to sell the deposit and invest in real stocks. Young investors can watch their money grow without the risk of losing all of their money.
Second, a parent or guardian can buy a share in a company from a broker, but put the stock partially under the the name of the minor they are buying the stock for. The minor now partially owns this stock. This stock is usually meant to be held until they turn 18, when they can sell the stock for a good amount of money and start investing on their own.
One of the most essential things you must do before investing is prioritize, prioritize, prioritize. You don’t want to be caught in a financial crisis early in your working life. If you asked almost all financial experts, they will tell you to first take care of your basic necessities, such as utilities, food, gas, taxes, and other payments. After that you should definitely consider putting any extra money toward your 401k, which is money generated in the workplace designated for retirement that is then matched by the employer. After that, consider putting money towards an emergency fund in case you get into a pinch. This emergency fund should consist of about 3-6 months worth of all expenses for it to really be effective if you get in a pickle. Then, after all that is taken care of, you can put money towards stocks.
It is common for minors and even investors past 20 years old to invest in small stocks with small amounts of money they earn with a summer or part-time job. This is a smart strategy for new investors or for college students who want some extra money and who don’t want that kind of risk hanging over their heads. Once you graduate college and get your first “real” job, however, it is typical to start saving a portion of your regular income in order to start investing in larger stocks and portions of stocks. This is a better strategy for anyone who holds a real job; because with the money you set aside, you can hopefully make very good money if you invest right.
Even though most of my readers are probably not old enough to invest themselves, it is never too late to open up a retirement account for your glory days. Before you apply for any real job, one of the things you will probably look for are reasonable 401(k), or retirement plan. Typically, a 401(k) plan includes extra money from your employer, a lower income tax, and savings and earnings that accumulate automatically without you having to make deposits.
How could you have a good 401(k) and still invest while needing money for basic necessities? As stated above, prioritizing is the most essential key to success in the stock market and in the financial world alone. However, basic necessities always come first. But not far behind is your 401(k). As mentioned before, your company will probably put extra money toward your 401(k), but it also helps for you to put some of your extra money forth as well. Most financial experts agree that you should max out both your 401(k) and emergency fund before using your extra money towards the stock market. Also, unlike the stock market, your emergency fund doesn’t have a chance of losing its value like stocks do, so it just makes sense to put money towards those things first as opposed to stocks.
Another option for something to invest in, if you’ve maxed out your 401(k) and emergency fund, is to invest in an index fund. An index fund is a similar to a stock in which you can put money forth and make and lose money like a stock. A great way to see your index fund grow is to contribute a set amount of money if you want to see your money truly grow. Unlike a stock, it isn’t a share of many companies. It’s just a fund you can put money towards, and still make money off of. It is also similar to a 401(k), in that you get what you put into it, literally. If you contribute a portion of your monthly income towards an index fund to increase its value, you can eventually sell it and get all the money you put forth plus more or less depending on how well it did.
As you can probably guess, there are a lot of tips for new and/or young investors that can really help them make good decisions now and when they can invest on their own. One tip in particular is to open a savings account. I’m sure everyone in their lives has heard the expression ‘A penny saved is a penny earned’ about a billion times in their lives. Well it’s true. The more you save up when you’re young, the more you can do and spend when you’re older. There are a couple of options for saving. First, you can open up a savings account at your local bank. This is very good and secure, but the downfall is that you might have to pay an admission fee. Also, with how the economy is doing nowadays, the interest on your money is so little, it’s not worth it to keep it in the bank. Second option, the old school option, is to save all your extra money in a jar. I know the year is 2014 and not 1914, but it can even be more secure than a bank, and there is absolutely no admission on your money what so ever. It’s virtually foolproof.
Another good tip for beginning investors is to invest in bonds. A bond is a given amount of money that you buy and hold for a couple of years (typically five) and then cash in for the amount you bought it for. Think of it as delayed money. It’s like buying money and not being able to use if for five years, which might sound like a terrible idea, but it can really be useful in the long run. Especially if you are a young investor.
At least once in your life, you have probably owned a silver coin. You may have thought nothing of it, but nowadays, silver coins can be very valuable. This brings me to my next tip: Buy silver coins. The reason this is a good tip for beginning investors is because they are easy to get, valuable, and are very beautiful, which could rise the price. I’m not trying to convince you to sell your mother’s silver coin that has been passed down from generation to generation. I am, however, saying that if you have an opportunity to buy a silver coin at a decent price, go for it.
As I mentioned at the beginning of the article, minors aren’t allowed to buy stocks in their name, but your parent or guardian can buy for you. A good tip for new investors is to save up for buying your first share. It can be an exciting thing, buying your first stock, but it would probably be in your best interest to start off small, as you will probably want money for other things. You might not want all your hard earned cash to go away to something that could make you rich or put you in debt. If you do want to invest in your first stock, try to keep it small. Some examples of cheap shares are TiVo, Six Flags, and Ford.
Similar to my last tip, once you become of age, it would be a good idea to save up for your first direct purchase of a share. This means that you will directly buy a share of a company through the company as opposed to through the stock market. Not all companies sell shares directly, but some examples are Home Depot, McDonald’s, and Disney.
Like I mentioned before, it is essential for any new investor to open up a Roth IRA account, or a retirement account. This brings us back to 401(k). To clarify, your 401(k) is your plan for putting money away for retirement. Companies usually offer them to employees to help them to retirement. A Roth IRA account is a safer place to put your money away for retirement. Your 401k money is made up of stocks your employer will invest in for youz. Even though you aren’t even old enough to invest by yourself, it is still a good idea. The younger the better.
It’s common sense to know that if you know more about how the stock market works, you can be more successful when investing. A great tip for new investors is to study investing. This will give you a great understanding about how the stock market works for when you can invest on your own.
My last tip is to make money at home. I’m sure everyone has done this in some way shape or form, either mowing the lawn or picking up sticks in the yard. Even cleaning up around the house can earn you a decent amount of cash if you are trying to save up for that first share. This tip is especially helpful for children or even teens who want to get a head start with investing.
As you can see, you are never too young to invest. Whether you are 10 or 100, it’s easy to start. Even if you have had some experience, there are still many helpful tips for the starting investor that wishes to know as much as they can so they can be successful. Remember, a penny saved is a penny earned.