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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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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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 We Set Our Million-Dollar Wealth Goals for 2023
While we fell short in 2022, after some recalibration we created our million-dollar wealth strategy for 2023. Here's hoping we hit the mark.
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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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Improving Your Cash Flow is the Key to Wealth
For starters, welcome to The Neighborhood Finance Guy website where we discuss financial literacy topics such as How to Grow Your Wealth, Building a Better Cash Flow Strategy, Investment, Retirement and more. My goal is to help you make effective decisions and set S.M.A.R.T+E.R. goals with your money. As always, the information is FREE but the struggle is not sold separately. Ever Heard About Cash Flow? The first time I ever heard of the term cash flow was in Cost Accounting class. Even then, it was kinda abstract. By definition, a cash flow statement provides data regarding all cash inflows that a company receives from its ongoing operations and external…
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The Rise of the Slumlord First Time Real Estate Investor
With all the wealth building conversation centered around Real Estate Investing, the Financial Griot podcast tackles how not to be a Slumlord RE investor. Lawrence shares his journey to becoming a first-time real estate investor. His approach to investing in real estate; location, opportunity, and intentionally building wealth. Thinking ahead and investing for the future and the next generation; with the right level of help.
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How to Bring in $45k of Passive Income by Q4 2022
Reviewing The Neighborhood Finance Guy's (TNFG) not so passive income and what generated $45,000 through 2022. Extra Money is Good Money! With the market slowing through 2024, get creative and earn more.
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You Can’t Build Wealth Without $15k Losses in December
December Santa Claus Breakdown is more sour than sweet in 2022. Stocks slipped 20% and our net worth followed. Almost $15k down from November.
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Watching Our Wealth Grow Over $750,000 in 2022
Coming off of two years with $200k net worth increases, we are going for $250k increase in our household net worth in 2022. Go Big!
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Why Does Credit Rules Everything Around Me and How to Stop it
In this episode of TFG, the crew discuss how you can manage your money and specifically your credit better. With interest rates rising due to inflation, cash flow management will be key to keep your family afloat through the "not-a-recession" period. Your credit card debt is about to cost you more. So buckle up to find out what to do.
