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Black Media and the Absence of Black Wealth in America
According to 2013 data from a paper by the progressive think tank Institute for Policy Studies, they found that it would take 228 years for the average wealth held by African Americans to catch up.
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How to Beat Money Trauma. A Guide For those that Worship Money to those who Avoid Money
Stop Counting Other People’s Money. Beating The Need for Stuff and the Urge to Flaunt Last Friday, I was duped into a coffee meet-up with a financial advisor. Instead of a cold call; like some sort of supervillain, he revealed that this was a cold meetup. The betrayal was indeed real. The experience ended up burning a significant portion of my day off. I was left with two takeaways. One, always ensures that there is a firm purpose if someone wants to link up with you. If there isn’t a Return on Investment (ROI), it’s a waste of your time. Once you reach 30+, “me time” becomes a precious commodity. Secondly, always have a firm…
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How We Ended Up Traveling 12 Countries in 14 Days For an Affordable Price
So you want to travel to 12 countries in 14 days? Sure about that… This trip is not for the faint of heart. If flying to 1-2 countries is rookie level, going through 12 is pretty insane by comparison. It required planning, the right attitude/personality, and a bankroll of money. Total costs ended up being around $7,775 in total (estimated at $7,250- $8,250). Not bad, considering some of the travel packages for 6 countries were going for $7,000 per person. Planning it on our own worked. We were able to tailor the experience and choose the type of experience we wanted from beginning to end. It was super challenging at…
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How to do a Financial Deep Cleaning this Spring
Spring is finally upon us. Crisp mornings. Light sweater-optional weather. Open windows and pollen everywhere. It’s time. Got to love this time of year. Once tax season ends, the real work begins. Unfortunately, you can’t get ready for this. Got to take a leap of faith in order to close out the year in success vs more of the same. Spring Cleaning!!!! There is nothing more satisfying than a deep breath of “Fabuloso” in the morning. The non-organic purple fog that clogs the judgment is intense. It’s also how you know the current generation doesn’t know how to clean; instead of using tide pods for sport, please considerย Fabulosoย at 8:00 am…
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Black Men and the Rebirth of the Financial Role Model
Only 17% of Black men have a bachelorโs degree. We have to change that drastically. African American males, ages 16 to 64 have a lower participation rate in the labor force (67% compared to โall malesโ 80%). It has gotten so bad that over 20% of work-eligible black men did not work for all of 2016. The usual reaction to this is, “Not me”. Iโm not here for the emotional vanity so please check your unfettered femininity at home. It might not be you. This is the reality for a lot of people that you don’t run into or communicate with, on your normal work-to-home commute. The people we actively avoid on our…
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How to Make $100K Generate $100K Passively with a Financial Plan
I never professed to be the best with money but I know how to construct a financial plan. The very reason that Iโm writing this now, is because I took the fast ramp toward debt, depression, and anxiety. For most of us, unlucky with money, either from not being born with it or just squandering early opportunities; the road is rocky and rough. I grew up with no concept of how to administer a self-diagnostic; I only know that Iโm well when Iโm already through it. In that aspect, I’m lucky. Most people will never know the opportunities missed until it’s too late. โIf we have persisted in making errors,…
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Do You Know Your Financial Numbers? Because Most People are Broke.
Only one out of three Americans actually know what their monthly budget is. If this is any indication, millennials will be in for a huge surprise as they age through society. Our 20s and early 30s were a wild ride of YOLO, Views from the Six, God’s Plan, Fake Love, Best I Ever Had, 0 to 100, In My Feelings, Nice for What, and Worst Behavior. We basically lived a Drake discography. Why is Budgeting important? Personally, I fell out of love with the paycheck to paycheck living. Getting your net worth north of $0.00 is a full-time orgasmic experience. Budgeting is “Peace of Mind in a Bottle” and I’m desperately trying…
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How to Avoid Being Broke & Bougie. Brunches, Day Parties and Spending For the Culture!
Disclaimers upfront… 1. Before anyone gets triggered, just know that this article isn’t primarily about you or your friends, and your love for all things culinary. For the love of brunch, I’m a guy who has over 20 million views on Google Maps, primarily related to food and restaurants – I’m squarely among you or even more bougie (hacked truncation of the word Bourgeoisie). 2. I love numbers and because of how my brain operates, I get intrigued. Ever since I came to DC, I had a nagging feeling that all of these numbers don’t add up (for us) and in turn, adds up to quite a *brunch (bunch – see what I did there) for…
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Everything You Need To Know or You Are Forced To Know About Taxes…
Now that the IRS is back to work; time to get back to filing taxes. The deadline to get it all done is typically April 15 *However, for 2021 it’s May 17, 2021. We get an extra month with two days since it falls on the weekend. 2020 was a different type of year. At least HSAs are still dope. Try not to delay too long, evildoers are hard at work trying to file for you with the refund going back to them. Trust me you don’t want these kinds of problems. “Run and file Asap”, Once you’ve been had; it will take upward to a year to get it corrected with…
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It’s a Mistake Not to Save or Invest as Early As Possible. You only need $30,000.
To save is likely the most powerful word in modern times. But most people rather risk it all on an expensive gamble. Turns out, the Mega Wealth secrets are FREE.ย Investing early = MEGA difference. With just $30k, or about $3k annually for 10 years invest at the historic average rate of growth; you can be rich too. Waiting until your 30s, 40s, and 50s will cost you more. Waiting until you are in your 60s is a death sentence. Savvy investors understand the benefits of investing early and taking advantage of the potential gains from compound interest. The entire Financial Independence and Retire Early (FIRE) movement is based on this…
