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This November, Opt to Vote For Your Household’s Wealth
This is the time of year when we are inundated with election ads asking for us to vote and donate to our preferred candidate or party. That got tired quickly. I hate ads and don’t understand why multi-millionaires need to spend an estimated $12 billion of 2024 campaign funds on marketing. This is up nearly 30% from the 2020 presidential election. Again, it’s not their own money. To keep it brief, the last time I voted was in November 2012. After an odd racially charged interaction with a volunteer poll worker for the city of Tallahassee (FL), because I’m visibly Black with a Hispanic last name, I started to question…
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Be Rich on Any Income – Hyper Wealth Accumulation
While the world advances toward automation and AI, it’s time to shift your finances into hyper-wealth accumulation mode. The best part, you don’t have to start rich. Narrow your focus on the goal to end up rich at the finish line. Besides it’s way better than starting rich and ending up poor. Redefining the Financial Journey Not the Finish Line Wealth is not the finish line; learn to redefine the trajectory. The most common misconception about wealth is that you must earn more income to be worth more. Your net worth isn’t compromised solely by your income. It’s a bit more complicated and way more intentional. If you want to…
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The Financial Impact of Immigrants in the United States
Immigrants have been coming to the United States since 1609. With them, they have brought culture, food and financial prosperity.
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How to Use the Kaizen Business Principles for Continuous Personal and Financial Improvement
Kaizen is the Japanese word for “good change” (Kai = change, Zen = good). Typically used in Business philosophy, it describes the continuous improvement of all functions, at all levels of the hierarchy. As such, Kaizen is both a powerful and competitive strategy. Using it, you will find that each aspect of your life can work seamlessly together. From your relationships with others to your finances, the goal is to shift your lifestyle toward success. At its core, Kaizen means that you can always take meaningful actions. As the main character in your story, you are empowered to create, build, and improve. To do better than the last time and to…
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The Power of Perspective and its Impact on your Wealth
Let’s talk about learning and understanding perspective. Every time I’m interviewed about how my wife and I became first-generation millionaires, I’m at a loss for words and why. We aren’t super talented, or “exceptionally smart.” Neither of us has a unique skill set, if you don’t count my wife’s streak of hyper-competitiveness with games. Though we lack, what we do have is Perspective, in abundance. Britannica defines “Perspective” as a way of thinking about and understanding. It could be a particular issue, but for me, it’s more about the angle at which you see life. You can take identical twins, place them in a room filled with 10 people, and…
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How Carrying High Debt Costs You $500,000 for a Lifetime
American households are robbing their future by carrying high debt. How much consumer debt are we talking about? As of May 2024, the average household debt rose to $104,215. This includes mortgage balances, auto loans, student loans, personal loans, credit card debt, etc. According to Experian, the US average total debt balance in 2023 was $103,358. This amount is up over 3 percent from 2022. Younger Americans carry nearly $7,500 of revolving credit card debt month-to-month at more than 27.99 percent APY. At this rate, it should be criminal. Making minimum payments would take more than 311 months ( nearly 26 years) and $12,580 in interest to repay. That’s a…
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The ‘Millennial Dream’ of a Condo, EV, Farmer’s Market, and Travel Now Costs $6.8 Million
From EVs, expensive homes, farmers' markets, and travel; our 'Millennial Dream' is expensive. We will need nearly $7 million.
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Using Whole Life Insurance for Retirement? Read the Fine Print
By now you likely heard of whole life insurance. If not, you are in luck. This is where you really have to read the fine print. If you ever run into an insurance advisor, producer, agent, or associate, just know that they are insurance sellers. They make a commission on the sale. That should be warning enough. Worst yet, they really don’t make that much annually (ref. ). This makes them very desperate which forces them to stretch the truth on the benefits of their services or products. Specifically, if you want to protect your hard-earned dollars, pay attention to the sleight of hand. Keep an eye out for the…
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How to Create a Modern Savings Plan That Scales
65% of Americans will be impacted by a financial emergency. Only 27% have an emergency plan in place. Here’s How to Create Your Own Acid Plan
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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…
