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2024 Economic State of Black Struggle and its Long-Term Effects on Black Wealth
Are Blacks in America doing better; guess we have to look at the Black statistics to see the results. Over the last 50 years, Black Americans have had substantial social and economic growth. The last four years (post-pandemic) showcased an increase in asset attainment through investing with a general concern its the long-term viable impacts on Black households. While gaining political rights has long been the predominant goal, Black Millennials and Gen-Zers are redefining these long-held beliefs and values. From the pulpit to the global media representation, Blacks in America are entering professions from which they had been blocked. And yet, income lags and net wealth remains low. The Post-Black…
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How to Invest In 2024 So We Can Catch Flights Not Feelings
Staying on top while we invest in 2024. Catching flights not Feelings!
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How to Kick-Off Your Wealth for the New Year
Coming off of a rough 2022 and a stellar 2023, we are going right into 2024. While the mental kick-off was slow, it's a relief to have at least one month of solid stock performance to set the tone. 2024 should be challenging but solid.
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How to Avoid Inflation Post Mass Deportation?
To keep it simple, Mass Deportation will not happen in the way people think. Someone along the line of a 24-hour media cycle, social media pockets and echo chambers, and politicians saying whatever to get votes (through fear, hysteria, and confusion); most people lost the plot. “Go outside and touch grass.” Go outside and stay there to disconnect. Stay off of the media. Be productive. Get healthy physically and mentally and you will see something interesting. Complexity, Nuance, and understanding will return. All that to say people need to separate the election cycle from their understanding of reality. Promises, Promises, and More Campaign Promises 1. America has an immigration problem.…
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We Paid $200,000 in Debt. Here are Some Wealth Tips
Sounds crazy but It's true. We were able to pay $200k in total debt repayments in 1yr. Here's our best advice for married millennials.
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The Main Reasons You Will End Up Broke in Retirement
Having a lot of money in retirement savings is no guarantee it will last the rest of your life. One of the worst things about my job is watching retirees make mistakes in their retirement plans. We recently met with a family that came to us after managing their finances during their lives like most families. They brought this retirement plan to us, and it showed that they had roughly $1.3M at the time of creation. Fortunately, they weren’t doing poorly by any means. They were puzzled because they were great budgeters, so the common culprit—overspending—was not the issue this time. What created such a change in their trajectory? In this article,…
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The Ten Most Powerful Money Habits of Millennial Millionaires
Time to understand the Millennial Millionaire Habits. According to a 2019 report from Coldwell Banker Global Luxury and WealthEngine, there are approximately 618,000 millennial millionaires in the United States. This number makes up approximately 2 percent of the total US millionaire population and 0.2 percent of the general US population. The typical millennial millionaire has a net worth ranging from $1 million to $2.49 million. Real Estate (RE) makes up a healthy position in their portfolio. As such, wealth millennials view RE as a key way to build cash flow, leverage debt, and build wealth. While the average millennial millionaire owns three properties, they generally live near the coast in dense metropolitan hubs. These…
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With 90% Growth in 2023? How to beat the S&P with this Investment Portfolio
The Neighborhood Finance Guy writes about financial literacy topics: Financial Planning, Budgeting, Millennial Money Management, Investment Portfolio Strategies, Retirement tips, and more. The goal is to help you make effective decisions and set S.M.A.R.T+E.R. goals with your money. The information is free but the struggle is not sold separately. And, if you are into this sort of thing; the blog is PLUTUS nominated, I studied Accounting with a Specialization in Taxation, served in the US Marine Corps and now work as an Auditor. I’m also big on Traveling and watching Anime. While often confused with Savings, Investing yields more rewards Based on news reports, the economy narrowly avoided a true…
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How to Bring in $24k of Passive Income by Q4 2023
Reviewing The Neighborhood Finance Guy's (TNFG) not so passive income and what generated $24,000 through 2023. Extra Money is Good Money! With the market slowing through 2025, time to get creative and earn more before the next super cycle.
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Here’s The Simple Guide to Build Wealth Every Decade
Start by considering every decade of your life, as compounding seasons that lead to wealth. While stock market volatility, unemployment numbers, and CPI aren’t at the top of the societal conversation, they are important context clues on managing your money. If financial experts say that we are heading toward a downturn, it should be a mental note about your savings or lack thereof. When times are great, that’s where you should plan for when times aren’t. This doesn’t imply that you can’t enjoy the moment, however, it’s a reminder that all good things may not last forever. With the possibility of recession looming, instead of being anxious, consider your time…
