If you’re younger than 30 and could use a few hacks to get through life, now is the time to take advantage of a few shortcuts. It’s not about cutting corners and omitting important steps. Instead, worthwhile tactics are specifically designed to get the job done as efficiently and quickly as possible. High school grads who are headed to college need a financing strategy that works. Finding a loan cosigner is one method many people don’t know about, but it can speed up the borrowing process considerably.
Other ideas that have withstood the test of time include networking, learning how to file personal income tax returns, saying goodbye to destructive habits, and acquiring a modest amount of life insurance coverage. Some of the suggestions, on the surface anyway, have more appeal than others. But the bottom line is that all are powerful ways to make life better for young adults who are just beginning their educational or career journeys. Here are the relevant details.
Buy a Small Life Insurance Policy
Lots of college-age people and those in the early years of a career never give a thought to life insurance. That’s unfortunate because premiums are at rock-bottom prices for consumers in their early twenties and thirties. Plus, there are multiple kinds of policies, some of which come with cash value, borrowing provisions, and savings features.
In all, life insurance can be a great way for younger people to begin investing in the future and acquiring financial protection for the long haul. The first step is to contact an independent agent and discuss your situation. Life insurance coverage is one of the most efficient ways college-age individuals can use their money.
Get a Cosigner For College Loans
Earning a college degree is no easy task. But a diploma opens thousands of potential career doors and can substantially boost your lifetime income. While the academic side of the quest is difficult, finding the money to pay for a four-year program can be even tougher. What can prospective students do? The number one way to boost the chance of getting financing is to find a cosigner. High school grads can find it nearly impossible to qualify for a private loan without another signer on the application.
But what happens if your parents don’t agree to be cosigners? There is no law that requires them to do so. Fortunately, there are alternatives, like applying for scholarships, working for a year to save money, or hunting for grants that cover some or all the cost of attending school.
Build a Network
In the fast-paced digital age, where online investing and education are common practices, it’s imperative for individuals who are just starting out to build extensive professional networks. The time to begin is right now. But what’s the way to start amassing a contact list that can help you get a job, find a house, take care of your mental health, get financial help, and more? Keep things simple by entering the names and related data of instructors, supervisors, counselors, and anyone else you want to include in your professional network.