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How $3.4 Million Became the Price of the American Dream
Based on Investopedia, the American Dream now costs over $3 million. Well, $3,455,305 but what’s an extra $450,000 between friends? See the dream isn’t dead, the reality is that it costs a lot of money over your lifetime. Against the backdrop of sustained high prices and lingering inflation, the average American is struggling to keep up with the social media Joneses. Gone are the days of discipline and measured spending, in are the days of conspicuous consumption, higher credit card debt balances, and toxic poverty porn. Surrounded by the conversation of debt crises and financial trauma, did Investopedia drop clickbait or are they unto something? We will go through each…
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Sitting on Cash Could Cost You a Lot of Money
Cash comes with an opportunity cost – by sitting in cash, investors may miss out on the potential upside stocks could see in a soft landing, lack the protection that bonds can offer if a recession does happen, and lose out on the inflation protection that real assets have.
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First We Build Wealth and Then We Travel
Building wealth is easier when investments are booming. November 2023 clawed back nearly $3 Trillion in wealth. The Stock market has the best month since October 2022.
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Coming to the Defense of Black Masculinity ft. Ecclesiast Guerrier
Bonus Episode - A great conversation between friends on the Financial Griot Podcast about Black Masculinity in a changing world.
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We are Back for the First Time with a Millionaire
The TFG crew is BACK! Well 2/3 of us. LOL, Lawrence and Alainta catching up on life. And celebrating Mister Millionaire status (Lawrence Gonzalez) net worth. It's all joy and a bit of social critique. So what's going on around the world?
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$82,353 is the Salary You Need To Make To Obtain Millionaire Status
More People Should Build Wealth. It's Easier than You Think. Most Millennials Can and Should Consider Becoming Millionaires.
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The True Wealth of Inheritance: Cash Flow and Opportunities
Over 1 in 5 US households received an inheritance, according to the 2022 Federal Reserve’s Survey of Consumer Finances. The average American inherited nearly $60,000. While the majority will inherit zero or debt, those who will receive this windfall can expect around $266,000.
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How to Measure The Power of Marriage: Wedding Bliss and 3/4 Millionaires
The crew is together and today we discuss Lawrence's family's pending millionaire status and the significance of partnership and marriage.
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Born a Crime by Trevor Noah is a Must-Read, Here’s Why
Today the crew discusses Trevor Noah's autobiography, Born a Crime: Stories from South Africa. An amazing tour de force book with powerful lessons that we can all learn from. It's a biography of South American society as much as it is a deeply personal story of Trevor Noah's life. It is both charming and thought-provoking.
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Is Whole Life Insurance Right for Me?
The crew is together again. Lawrence discusses his recent experience on a financial panel, discussing whole life insurance vs. term life insurance. The crew dives into the financial differences and the reasons why whole life insurance does not serve our community well. Whole life insurance is more beneficial for sellers but not the families who are purchasing these financial products.
