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Why You Should Follow These Baby Steps with Extreme Caution!
Financial literacy is way more than baby steps. It's a lot of challenging adult wealth-building. You will be pushed and this will change you.
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The Next Recession and Taking Advantage of the Rebound
Getting into and out of a Recession is no easy feat. On this episode of the Financial Griot podcast, the team discusses how we got to this point in which recession fears are looming and also what you can do pre-, during- and post recession to thrive. Millionaires are made during recessions. Learn how to position yourself to win.
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Why Modern Black Culture Became So Toxic & Expensive
In this episode of the Financial Griot Podcast, the hosts share their thoughts on modern Black culture, building wealth and changing priorities and narratives. Currently median Black household wealth seats at $24k. Another recession would bring that number to $12k. According to The Road to Zero Wealth report, the median wealth of black Americans will fall to zero by 2053 if current trends continue. With spending up and credit card usage bolstering lifestyle creeps on social media, is Modern Black cultural zeitgeist detrimental to long term wealth building and wealth preservation. Do we really want to have generational wealth?
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Here are TFG’s Top Ten Audible Recommendations for 2023
Finally, an episode that is simple. The Financial Griot crew is cooking up major heat with their Book recommendations. That being said, these are masterclass books that you need to get you in motion this year. Don't miss out on these life changing authors and let us know your recommendation as well.
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How to Get Credit Card Companies To Pay You
Going through how we reversed our relationship with our credit card companies. Not all debt is bad debt. Leverage points and benefits. Don't hate the player, learn to play the game.
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Household Expenses Up More than 9%. Here are the details on the 2021 Survey
The Neighborhood Finance Guy writes about financial literacy topics, investment strategies, Household median income management, and retirement tips to help you make effective decisions and set S.M.A.R.T+ER goals with your money. The information is free but the struggle is not sold separately. If you are feeling poorer, you are likely spending way more than you think. Household income isn’t dropping. Prices on everyday items are going up. Join the Newsletter that can help re-balance you mind, body, and spirit. Feeling a bit stressed about Expenses? Average annual expense per media household went up from $61,332 in 2020 to $66,928 in 2021. This was an increase of 9.1 percent. Add another…
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Here’s How to Invest by Age Before the Next Recession
No matter how much we fight, we will hit a recession in the near future. With inflation hitting all time highs, investing is now a mandatory requirement of your wealth strategy.
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Seven Money Principles to Grow Your Net Worth Faster
As the world prepares to enter into a new global recession for 2023, establish your money principles. It’s the only way you will be able to succeed. We’ve held the big R at bay since 2018 but it’s long overdue. “Global growth is slowing sharply, with further slowing likely as more countries fall into recession. My deep concern is that these trends will persist, with long-lasting consequences that are devastating for people in emerging markets and developing economies,” said World Bank Group President David Malpass. Your Personal Economy Will Force You Back to Your Money Principles In January 2014, I found myself starting over from scratch. With a maxed-out $5,000…
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The 7 Highly Effective Ways to Achieve Your Goals
92% of people never achieve their goals. While that might be true for them, instead lets focus and learn from the eight percent. Back in 350 BC, Aristotle stated “Our goal in life is to achieve happiness, which comes in two varieties: the human happiness we achieve by exercising the virtues of character, and the godlike happiness we achieve when we grasp eternal truths.“ To reach this destination, the great philosopher emphasizes the importance of education and our own personal habits. Over 2,000 years later, Psychology Today agreed “Consistent habits allow us to achieve our goals.” Here are the 7 lessons to help you achieve your goals: 1. Begin with…
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Parents Retiring with no money? Read This Now!
CNBC penned an Op-Ed, "What millennials, Gen Z need to succeed against the economic odds?" Well the answer is simple; parents who are financially prepared for retirement. It's estimated that each underfunded retirement plan will cost kids and caregiver upward to $3,000 per month for each aging adult. By 2050, it will get very expensive. As such, the financial griot invested special guest Ecclessiate Guerrier and brings back guest host for the day, Michael Theodore to have an honest discussion on having the financial discussion with our aging parents. We share what we've experience and learned a few things along the way. Hope you enjoy. Be warned that our guess…
