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How to Rollover an Old 401k and Our Investment Strategy
Most people jump ship from their job and forget about their 401k, 403b or 457 rollover options. The majority (56%) of those ages 18-34 still have an old retirement account at a previous employer. If you’re 35-44, you are part of the 40% that have also not rolled over previous retirement accounts. How much is that worth? Well Americans lost more than $1 Trillion dollars to old forgotten 401ks. Even more if we consider the compounding interest opportunity. So let’s break down what rollovers are, tips on what to look out for and what to do next once your have access to your hard earned money. And just for the…
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How to Prepare and Recover from Financial Setbacks
Learning from past financial setbacks is a tried and proven method to build a Better Future. An Ameriprise Financial study found that 75% of American experience at least one major financial setback in their lifetime. This often come at a cost of more than $50,000. For 42% of Americans, the first financial mistake starts at college with unnecessary expenditures, credit card debt and student loans. We sign up early and get roped into a lifestyle of debt. Prior to the pandemic, many were on track to default on their student loans. So much so that one out of every ten Americans has defaulted on a student loan. An average of…
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Trauma Bonding and the Importance of Therapy
In the wake of a myriad of shootings in the US, it's ok to allow people to grieve in their own way. Sometimes that grieving is messy. Unfortunately, there are times that the grieving leads to trauma stacking. In this episode of the Financial Griot podcast, we discuss the need for real therapy with the goal that you end up doing the necessary shadow work. Your psyche can definitely keep you away from building wealth. Tackle it.
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How We Made $20k in Passive Income for Q2 2022
The second quarter of 2022 was hopeful. High prices raged on and it's likely that the passive income economy dragged down. With price inflation up, some goals might not materialize this year but we will likely still land in the positive. My internal compass still leans toward overall gratitude. I work from home. Additionally, I have a beautiful wife who loves to travel like I do. Our growth is proving to us that the solutions to a challenging word are merely tougher and more resourceful people.
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Crafting a Better Resume and Rebranding Your Purpose
Crafting a solid resume and brand on social media is incredibly important as the economy heads toward a recession. In this episode of the Financial Griot, we are joined by special guest Michael Theodore, a Higher Education Advisor and Mentor. As the world changes toward reopening, we tackle issues on branding and designing a path that works for you in the short and long run.
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New July Milestone – $1 Million in Assets in less than 10 years
A massive TNFG July celebration is in order. We reached 1 Million dollars worth of Assets. What's crazy is we started off with $0 in 2012. Well here's hoping this is a start to a solid year end close out.
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Not-a-Recession Equals Opportunities for Black and Brown Millennials
While falling markets would typically scare people into saving and staying home, most are happily liquidating their savings or tapping into consumer credit. This is a perfect storm of “not-a-recession” arguments but try not to get distracted by the noise.
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How to Be Present w/the Turn’t 30 Podcast Crew
Today's episode features Jay, one of the two Js from the Turnt 30 Podcast were we discuss if Men give other men gifts? Crazy enough, it's something we never considered so it had to be a podcast. While out numbered, Lawrence holds his own and shares why he believes that men don't give each other gifts. And the ladies banded together like Voltron in opposition. All in jest but none the less an amazing conversation. If you are a male listener, do you remember the last time you gave your male friend a gift?
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Dog Ownership and How Much It’s Costing Us
Pets are expensive and for some reason, people don’t tell you about the cost. My wife and I recently welcomed a new member of the family, Brownie – the morkie-poo. Engineered for cuteness sure, but this little guy is expensive. Here’s the overview of how much we spent so far and the most common costs associated with dog ownership. As a bonus, we will share in some tips on how we save and where you can save as well. And yeah, this is a far cry from my usual financial literacy info but this is seriously need to know information. Pandemic Pups, Adoption and Dognapping on the Rise Owning a…
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How Seven Haitian Americans are Establishing Black Wealth against all Odds
Building wealth is not easier being 1st generation Haitian American. These stories prove that sometimes you have to start a new business too.
