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The Limitations of the Financial Trauma Conversation on Social Media
We are all together again. Today we discuss Lawrence's controversial tweet on Twitter about the lack of money (in Lawrence's voice) is not financial trauma.
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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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3 things We Did to Solve the Racial Wealth Gap for Our Family
The racial wealth gap is a widely discussed and known issue in the US. While wealth gaps are prevalent worldwide, America has been on a divergent path for a while. In the second quarter of 2023, white households held north of 85% of total wealth. The median white household is hovering at $284,310 while Black wealth trails behind at less than $45,000. That’s a difference of 6.5 times. The Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020 did a great job summarizing how we got here. You can definitely read it for yourself. It’s filled with incredible insight into how freed enslaved people (1860) were able to converge wealth…
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Keke Do you Love me? Are You Single?
The crew is together and today we discuss Keke Palmer and social media antics. But more importantly, what can we learn from this, and how to adjust when necessary? It's not just entertainment.
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How to Harness the Power of Internal Pressure with No Room for Error
Lawrence and Alainta discuss how to harness life's internal pressure. There is a daily exercise of risk assessment that we make each day to be successful. Daily challenges and the tension we carry; we cannot afford to make simple mistakes anymore. That's the price for autonomy and independence in a modern society.
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How Much Money or Wealth Do You Need to Be Part of the Middle Class?
Is the middle class shrinking? Most want to be rich while no one wants to be poor. So most call themselves Middle Class to fit in. But how much income do you need? How much wealth do you need?
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Humanizing Our Experience with Money
Today, we break down the latest 2022 data from the U.S. Census Bureau, the US Bureau of Labor Statistics, as well as the Federal Reserve Survey of Consumer Finances. The TFG reflects on how statistics can be used as a proactive tool and how the numbers humanize the average American's experience with money.
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The Economy is Switching Gears. Important Things to Consider for Q4 2023 and Beyond
For most of 2023, investors have been switching gears in this economy against an ever-evolving macroeconomic backdrop. From the war in Ukraine to the Middle East, social anxiety is up. Even the economic growth of the top ten companies in the world isn’t enough to abet fear. Beyond that, inflation has proven to have staying power. Currently, the economic growth in the US is supported by resilient consumers. Many of them are dipping deeper into their savings and investments while also spending on credit. However, there have been signs of a rally in energy prices while consumer pessimism climbs. People are tired in 2023 and are in need of a…
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Master Daily Decisions to Make You Wealthy for a Lifetime
Have you ever heard the term, “don’t trip over dollars trying to pick up pennies?” In life, it comes down to four categories of decisions: our daily $100 decisions; followed by, the $10,000 decision; the massive $100,000 decision; and, the 2-part indecision. Let’s break down each so you can start financially prioritizing what matters most: Small Decisions Matter but they don’t often carry the weight Firstly, it is not to say the smaller decisions do not matter at all. However, to a point, you should be making decisions and moving on the items that carry impact. As such, each small action needs to be important enough to warrant a limited…
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How to Move Toward Proactive Money Solutions ft. Jonathan Thomas
2/3 gang is present. Today we have guest Jonathan Thomas and he shares his money story and proactive solutions for building wealth.
