Meet The Expert
Jasmine S. Young has a goal to spread financial literacy around the globe. As the founder and CEO of Southern Tax Preparation & Services, author, CPA and fraud examiner, Jasmine S. Young has a black belt in accounting. In addition to her impressive credentials, Young has founded Financial Literacy University, a 100% online-education platform that delivers high quality financial education and offers exceptional flexibility, accessibility and resources to increase an individual’s financial literacy.
Now that we are acquainted with Jasmine, who is ready to learn? Jasmine is providing five tips on how to quickly begin to take control of your financial health. Class is now in session.
Get Life Insurance
The younger you are the cheaper it is. GoFundMe is not a life insurance policy. Getting life insurance allows you to leave a legacy for your family and not liabilities.
Consider Health Insurance
Once an individual turns twenty-six, their parents are no longer able to carry them on their insurance. Researching health care options and alternatives could save a person hundreds of thousands of dollars in medical bills.
Estate Planning
No one likes to talk about death; however, it is inevitable. If you have specific wishes you want to be honored, the best way to ensure that is through an estate plan.
Learn How To Budget
There’s often a negative connotation surrounding budgeting; however, budgeting is the basis for financial literacy, financial freedom, and generational wealth. If you can’t/won’t budget, you can’t/won’t experience financial freedom and generational wealth.
Pay Your Taxes
Failing to pay your taxes can prevent one from many things such as homeownership and securing a new job. Although most people dread tax time, it is your civic duty to pay taxes, and when you fulfill your civic duty you are providing funding for public services, payment for government obligations, and providing goods/services for the citizens of the United States, such as the stimulus checks that were provided during the pandemic.
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of PaSH Magazine. This article is not legal or financial advice. By using this article, you agree that the information in this article does not constitute professional advice and no advisor-client or other relationship.
