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Every family needs a Financial Emergency Binder. Here’s How to Create One
65% of Americans will be impacted by a financial emergency. Only 27% have an emergency plan. Here’s How to Create an Emergency Binder
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Curating Your Space. How Your Social Circle Can Make Rich Or Poor.
In this episode of the Financial Griot podcast, we talk about the importance of curating your physical, mental and virtual space. The world is getting more complicated while tasks are becoming easier, and that's not a good thing. While it might sound ridiculous, you are suppose to have just 5 friends compared to Facebook's 5,000 limit. In truth, Social scientist Robin Dunbar hypothesized that an individual’s group can extend to 150 contacts. However, each contact is layered according to the strength of emotional ties. As such, your mind is constantly trying to keep up with over 1,000 people, story lines and complications. It's no wonder why people are entrenched in…
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Why You Need to Avoid Being Morally and Financially Bankrupt
"Don't be too quick to give up your agency, time and happiness for vanity" This episode of The Financial Griot is centered around Consumption and the draining effect on your purpose. Too often, we get stuck in a never ending loop where we buy into a lifestyle only to be indebted to it for even longer. For example, the college experience is an expensive pseudo inflated lifestyle that mirrors affluent middle class. Through loans that extend beyond tuition and books, many fall victim to an expensive experience that's akin to Disney World. All fluff and payment. After 4-6 years, you end up paying for it for 20-30 years. And then…
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Breaking Down How We Made $50k in Passive Income
Reviewing The Neighborhood Finance Guy's (TNFG) not so passive income that generated over $50,000 in 2021. It was not passive at all.
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Black Spending Tops $1.6 Trillion while Black Wealth Issues Persist
Spending for Blacks in the US has gone up to $1.6 Trillion but wages and standards of living are dropping. What gives? The Financial Griot podcast crew will discuss how to manage money in a time of uncertainty and how to make a way out of no way in lieu of external circumstances such as systematic oppression and a painful history. or decades and decades, Black consumers have been regularly overlooked by companies that don’t see them as a priority demographic. Black consumers continue to be underserved in areas such as food, housing, healthcare, broadband, and banking. During the last five decades, the Black community has had limited access to…
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Turns Out, No One Ever Complained about Investing Too Much for Retirement
The Average US Household saves and invest less that 7% of their income, specifically they save under $7,000 annually. It's not enough.
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Having Tough Conversations about Social Influence and Suicide
Tough conversations are needed but often afforded. Life is challenging, many times unfairly but still very hard. We have to talk more.
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Our Investments Dropped $50k in the Red. Inflation Madness Continues!
Investments are in the red. For some, it took all of 2021 growth off the table. High Inflation and a War will do that. It's getting harder. It's costing the average household an extra $6,000 per year to keep up.
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Pandemic Investment Performance Are Up 100%! Use These Tips
Our investment grew by an astonishing +98.50% beating the S&P and most investment management portfolios. Here's how we were able to do this.
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Dating for Love and Surviving Strangers in the Meta Verse
In this episode (rant), the Financial Griot crew discusses love and money while listening to social media highlights. Alainta, Lawrence and Lovely gives their take on society at large on the lies and mirages that people cast on social media. Additionally, they drop tips and thoughts on how you can become more confident in your inner voice so that you don't end up being a victim of scams and scammers.
