Why You Should Start Investing Before You Finish College

Why You Should Start Investing Before You Finish College

The value of investing early.

We’ve all seen the charts in our high school economics class. Bill invests $5,000 a year from age 25-35, which is a total of $55,000. Frank invests $5,000 a year from age 35-60, which totals $130,000. Bill then ends up retiring with $615,580, and Frank ends up retiring with only $431,754. Even though Bill invested a lot less than Frank, he will still end up with much more money when they both retire at 60. How does this work? Two words: compound interest.

That scenario I just explained only occurs with 8 percent annual return. That means you gain 8 percent interest on your money every year. This will never happen through a savings account. According to CNN Money, the average savings account earned an average of 0.06 percent annual interest in 2013. That means if you have $500 in a savings account, you will earn $0.30 of interest for that year; that’s pretty sad. This doesn’t mean that banks are totally pointless. Checking accounts are good for paying bills and savings accounts are good to store short-term savings. I just think that long-term savings and retirement should be able to grow on their own and work for you.

I started investing when I was 17, so I now have three years of experience in the stock market. I am far from an expert and have made my fair share of mistakes, but I’m glad I’m learning now. I’d rather make those rookie mistakes when I have less money at stake and less risk in my life. The compound interest alone is already a good enough reason to start investing before you graduate college.

Most college students aren’t investing for a few different reasons: they don’t want to lose money, they have bills to pay or they just don’t have the money to invest. Whatever the case may be, investing before you graduate college will actually put you ahead of the game compared to most millennials. According to CNBC, over 80% of millenials are not invested in the stock market.

I get it. Everyone is in different stages financially. Some students are already very well-off ,and others are already in debt paying for school. By simply working hard and saving, you are already doing more than most students do anyways. Investing can take that to the next level for you. You won’t just get my beloved compound interest, but you will learn more about great companies and the various sectors that shape the market.

Hard work and saving will always work out, but don’t be afraid to make your money work for you.

Cover Image Credit: The Huffington Post

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To The Nursing Major

Is it all worth it?

"You're going to feel like quitting. You're going to struggle. You'll have days where you'll wonder, 'what's it all for?'

You'll have days when people attempt to break you down, or challenge your intelligence, skills, and right to be where you are. You'll have moments when you question your own abilities, and perhaps your sanity - but you'll rise.

You'll rise because your strength as a nurse is not determined by one grade, one shift or one job - it's an ongoing journey of learning, honor, humility and a chance to make even the smallest difference in the lives of your patients."

Don't ever give up on achieving your dreams to be a nurse. Keep pushing forward, no matter how hard it is. Nursing is not an easy major. You will have very little, if any, time to do anything other than study. But just think about how great it will feel to connect with a patient, pray with them, and even save his or her life.

This will make all of the late night studying, weekly breakdowns, countless cups of coffee, and tests so hard all you want to do is cry, worth it. To see a patient's face light up when you walk in his or her room will make your heart melt and you'll know you chose the right major.

The kind of nurse you will be isn't based on a test grade, it's based on your heart for the people you are caring for. You may have failed a class, but don't let that ruin you. Try again and keep pushing toward your goal. Don't allow others around you to drag you down and tell you that you aren't good enough to be a nurse.

Show them how strong you are and that you will never give up.

There will be days when all you want to do is quit, I know I question my major more than once a week; however, there is a patient out there that needs you and your caring heart. You can do this, have faith in yourself that you can move mountains.

I will say that you definitely must have a heart for nursing.

Personally, I want to be a Pediatric Oncologist and work at St. Jude Children's Research Hospital. Just the thought of those precious children going through the hardest part of their lives, keeps me going so that I can be there for them. I want to be a light to my patients and their families during a dark time. When I feel like giving up, I just think about how many lives I have the chance to touch and I keep on going.

So when you feel like giving up, just think about your future patients and how you can make a difference, even if its only for one person. I love the quote from Katie Davis that states, "I will not change the world, Jesus will do that. But I can change the world for one person. So I will keep loving, one person at a time."

Even though this quote is about foreign missions, I believe it fits the mold for nursing as well.

Nurses have the opportunity to change the world for people every day. Just remember that, smile, don't give up, and keep pushing toward your goal.

Cover Image Credit: chla.org

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5 Reasons For Running An E-Commerce Site

As a business owner you understand the importance of catering to your customers wishes


As a business owner, you understand the importance of catering to your customer's wishes. By providing the products or services that your customers want you are creating happy customers that will eagerly purchase from you time and time again.

Have you thought about offering your customers a more convenient way to purchase your products or services? What I mean by this is have you looked at providing your customers with the opportunity to purchase online?

People love to shop online these days. It is convenient and can be done at any time of the day or night. This is a great business model to utilize if your business model allows for it.

So why should you consider offering an e-commerce solution via your website? The following top reasons should persuade you to at least consider this model.

1. A way to help increase your bottom line.

Allowing your customers to order or download products online will increase your revenue. This is especially true if your website is already popular. Adding a convenient option such as an online store allows you to showcase your most popular products. In addition, it is a great way to run special offers and discounts.

2. An online store provides your customers with convenience.

Your customers can order at any time and they don't have to travel to your store to do so. If your business is small and consists of smaller items an e-commerce store can dramatically reduce your costs versus the standard brick and mortar store.

3. Depending upon your products or services an online store allows you to broaden your reach.

You could potentially reach customers around the world. On top of this, you can make use of the popularity of social media and advertise your business there.

4. Setting up an e-commerce store is very easy and affordable.

Depending upon your needs you have various options from using a free plug-in such as Woo commerce or using something more detailed such as Infusionsoft.

5. This reason is huge and could almost be your tipping point.

An e-commerce store allows you to tap into the mobile market. Just take a look around you and see how many people carry some type of mobile device with them.

Overall adding an e-commerce store to your current business can help you increase your revenue and your profits. It will allow you to expand your market reach and provide you with a method of tapping into the mobile user market.

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