Guiding young Americans to financial freedom

Published 2:15 pm Friday, August 15, 2014

Establishing a stable financial foundation not only makes life easier, it provides those dedicated to doing away with debt an enviable lifestyle—financial freedom.

In his ninth book “No Time To Wander: The Financial Compass for Young Americans,” Paul Nourigat conveys ways for young adults (20’s to 30’s) “to build a secure and comfortable future.”

“Spending, earning and saving is an exciting concept,” said Nourigat. “Teaching kids to save towards a goal so they can see that accumulation naturally teaches them discipline.”

Nourigat says for young adults it’s difficult enough just to pay the bills, but once those are covered, a portion of each paycheck should be placed in a savings account.

“If there’s a disruption with work or a car needs to be fixed, savings needs to be secondary in addition to long term retirement,” Nourigat said.

As numerous St. Clair County natives and current citizens enter, maintain and continue to sharpen their skill sets it’s important to both, A.) Land a job and B.) Keep it.

“You can protect your job by building and going above the call of duty,” said Nourigat. “It’s important to deliver great value to the people you serve.”

Developing a nest egg is difficult for anyone but dedication helps with savings success.

“Business and employment are a contact sport. People need to do business and engage with people and work to get in front of people even if it’s for a cup of coffee or to shake their hand,” said Nourigat. 

Paying for college with summer jobs and part-time jobs throughout the school year, Nourigat’s strong work ethic and grasp on the fundamentals of finances allowed him to achieve great success.

Nourigat first began to understand the value of money as a young boy who couldn’t afford something his friend had.

“In grade school at a very young age I wanted a treat but didn’t have the money to buy the treat,” he said. “This was my first recognition of the value money has, my friend had money and I didn’t, that was a problem.”

After the 2008/2009 recession Nourigat felt writing “No Time To Wander,” was something he had to do.

“Through that time I learned that so many American’s struggles were unnecessary, and writing this book was a way to provide tools to reach millions of people,” said Nourigat. 

“One of my objectives is to demystify how finances work, and I wanted to help families become stronger through foundational knowledge.”

Furnishing financial fundamentals at an early age is a bare necessity that can instantly set folks up for success.

“From a toddler’s age certain experiences and messages can be established that will influence them for the rest of their lives,” said Nourigat. “We, in America, are blessed with a creative, adaptable and enthusiastic population of young adults in their 20’s and 30’s. With a guide and solid sense of financial fundamentals they’re going to do great things for our country by promoting the virtues of financial competency.”

*Paul Nourigat is a top national consultant and senior wealth strategist for US Bank. He’s written children’s book (for K5) to teen books and now “No Time To Wander.” For more information on Mr. Nourigat visit www.farbeyond.com and like him on Facebook.

“No Time To Wander: The Financial Compass For Young Americans,” can be found wherever books are sold.