Money Management
Money management refers to the processes of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group.
7 Money Management Tips to Improve Your Finances.
Track your spending to improve your finances. Create a realistic monthly budget. Build up your savings—even if it takes time. Pay your bills on time every month. Cut back on recurring charges. Save up cash to afford big purchases. And, start an investment strategy.
This understanding provides you with a 360-degree view of your financial picture. The goal is to apply key financial disciplines to help you overcome the obstacles to wealth.
With a clear purpose for your money and sound management principles behind it, you are in much more control of your financial destiny.
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Seeing Black Wealth through the Lenses of 7 Financial Experts
The economic state of Black America report found that 3.5 million Black families have a negative net worth. Here are Black wealth solutions.
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How to Retire at 50. How Much We Intend to Spend Monthly in Early Retirement
With inflation, tariffs, and the changing geopolitical dominance, will this generation of Americans be able to retire? Maybe, you don’t know until you try. Most people don’t even think about retirement until they hit their mid-50s. By then, it’s harder to pull off without undue financial stress. As people approach the age of 59, they often consider transitioning into retirement with less than $200,000 saved. For most Americans, that transition culminates at 68 if their bodies don’t give out. By that time, navigating retiring successfully, will require significant adjustments to their budget and lifestyle. While every individual has different spending habits during their golden years, it’s important to note how…
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How We Use Money While the March Market Take Hits
The market is in full meltdown mode. Buy the dip in March 2025 but where is the end? Time to use money wisely. It's costing the average household an extra $10,000 per year to keep up from 2019. The real question is, are you using your money?
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Ain’t No Love Between Trump, Tariffs and Recession
All is Fair in Love, Trump, Tariff Wars, Inflation, and Nvidia. Since we can't predict the future best thing to do now is to inflation-proof your net worth.
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How to Play Financial Chess by Generation
Reaching 40 is an interesting psychological and financial chess game. Your body feels different, and your bank account still isn’t heavy. It’s a near-cosmic awareness of your mortality with a dash of existential dread—the feeling that you forgot to grab something from the grocery store but can’t remember. Every Saturday, I can expect to spend anywhere from $200-$300 just by stepping out the door. Two drinks, a shareable appetizer, and two entrees will run you an easy $140 plus 10% sales tax and +15% gratuity. At this rate, I’m convinced that gratuity is a bougie way to say more fees. The grocery store run is becoming a new ‘Price is…
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How to Survive Trumpflation 2025 for Long-Term Investors
2025 is feeling more and more like 2022 for investors. As of March 2025, the S&P500 hit a massive correction cycle. We will likely be here through Q3 2025. 2023 seemed like a long time ago. The market rebounded and Nvidia $NVDA started to take off. Consumer savings were down, debt was up, yet consumer confidence gained. It was a year of pure American revenge-spending resilience. 2024 followed by a long-awaited shift in monetary policy. The Fed claimed an early victory against a recession that was long denied and all seemed to be leaning on our collective favor. Until… Housing demand stayed flat. Inflation spiked once again. Layoffs continued under…
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What to Focus On In Order to Build Wealth in 2025
Due to higher-than-average returns in Q4 2024, financial experts are setting their expectations low. This way, we’ll feel less frustrated the next time some exogenous variable causes stocks to sell off again in Q1 2025. Unfortunately, they were right. The Trump/Elon administration rally was short-lived. As of February 26, 2025, Tesla’s stock price is down 20%. Bitcoin is down 8%. How the mighty have fallen. Flanked by increasing federal layoffs and higher energy costs, the average American household is surviving on the razor’s edge. Instead of focusing on stock market returns, I’m focusing on boosting our cash flow. Calculating the income coming in and doing the most with what remains…
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How to Retire at 50 pt. 3: Our Top Three Locations for Where to Retire
While retirement seems miles away, my wife and I daydream about our exit strategy. From the freedom from deadlines, managers, and stressing out about money, we are ready to trade for hobbies and adventures.
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How to Retire at 50 Pt. 2: Probabilities of Success
Retirement might seem a long way off, but you are better off planning as soon as possible. While everyone will retire one day, I’m more concerned with the probability of staying retired successfully. In the last blog post, Time to Retire Early at 50, I covered why my wife and I set our exit target after 2032 (seven years). It’s an expedited runway compared to the average retirement age of 62. For me, this means I’m getting out 12 years early. My wife will be getting out nearly 20 years early or even 25 years from her original expectations. With that said, I didn’t get a chance to dive into…
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Time to Retire Early at 50!
I've never seen people retire early. Let alone successfully. Where I'm from most work until their body give out. I won't. I'm out at 50.
