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Money-smart gays
Statistics show that despite popular stereotypes, if you’re young and queer, you’ll be worse off financially than your straight peers. To beat these statistics, here are our money-saving measures for gays aged 21. Start paying off your credit card debt for free today 7-Step Credit Card Debt Reduction Here.
Be smart with money
David was kicked out of his house for being gay and suddenly had to adjust to a solo flying life. David’s experience is why we want to help people with similar struggles and why we came up with these money-saving steps to ensure financial independence and success for LGBTQ young adults. Whether you’re forced to fly solo or just want to be independent, follow these steps for success.
Money smart moves
1. Get rich early
Once you qualify for a company-sponsored retirement plan, e.g. B. 401(k), 403(b), SEP or SIMPLE IRA (Individual Retirement Account), sign up for it and immediately contribute 20% or more of your income to it.
Financial security requires successful investing and time in the market is the key to successful investing. If you invest $2,000 annually for 10 years between ages 21 and 31, you will have more money by age 71 than if you invest $2,000 annually for 40 years between ages 31 and 71.
2. Become your own boss
Receive more LGBTQ people in leadership positions is another passion of ours. We need more queer people as bosses and industry leaders to influence what diversity and inclusion looks like in our society. Today, despite the broader acceptance of the queer community, there are still many opportunities to influence what true equality looks like.
You are a professional at something that makes you unique. Use Your skills and your unique perspective to help your community. Start your own business with a website, podcast, YouTube videos, freelance work, or consulting. Today’s economy with all of our newer tools offers so many opportunities, but we need to do things differently.
We believe that a blog is almost as important as a resume. We also believe we need more LGBT bloggers to build a platform and have enough influence to change the world. That’s why we’re committed to helping more LGBTQ people become bloggers, and we’re doing what we can to make that happen Create more LGBT bloggers. That’s just because of our blog We increased our overall value Income: $60,000 per year as a freelance writer Electricity.
There is an abundance of freedom and income for those brave enough to embrace it. Embrace it!
3. Listen Queer money™
Even some in our own community don’t understand the financial intricacies of being LGBTQ. That’s why we created The Queer money Podcast. We believe that in order for our community to thrive financially, we need to talk more about money and our differences when it comes to our money. We also highlight Queer money™ other successful LGBTQ people and not just those who are financially successful, but everyone who is living their best life.
4. Pay off student loans
These days, most college graduates are worried about their student loans. In two years, we paid off over $51,000 in credit card debt with interest rates well above today’s student loan interest rates. We’ve worked with so many people who have paid off four times our debt faster than they ever thought possible. On our website you will find numerous tools with which you can pay off all types of debt. We’re talking about paying off student loan debt regularly Queer money™.
However, this is our preferred tool for paying off debt. Try it.
Whether you are already independent or want to be, these four steps will help you achieve financial success and avoid the financial insecurity that many in our community face today. The stronger you are as an LGBTQ person, the better you can help all of us as a community. Help yourself and help our community by becoming financially stronger.
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Here are other smart money moves to become financially independent:
