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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Black Wealth – We Reached +$750,000 in less than Five Years
Investment thunderstorms and costly repairs. Building wealth has never been harder but we can make it through.
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How to Rollover an Old 401k and Our Investment Strategy
Most people jump ship from their job and forget about their 401k, 403b or 457 rollover options. The majority (56%) of those ages 18-34 still have an old retirement account at a previous employer. If you’re 35-44, you are part of the 40% that have also not rolled over previous retirement accounts. How much is that worth? Well Americans lost more than $1 Trillion dollars to old forgotten 401ks. Even more if we consider the compounding interest opportunity. So let’s break down what rollovers are, tips on what to look out for and what to do next once your have access to your hard earned money. And just for the…
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How We Made $20k in Passive Income for Q2 2022
The second quarter of 2022 was hopeful. High prices raged on and it's likely that the passive income economy dragged down. With price inflation up, some goals might not materialize this year but we will likely still land in the positive. My internal compass still leans toward overall gratitude. I work from home. Additionally, I have a beautiful wife who loves to travel like I do. Our growth is proving to us that the solutions to a challenging word are merely tougher and more resourceful people.
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New July Milestone – $1 Million in Assets in less than 10 years
A massive TNFG July celebration is in order. We reached 1 Million dollars worth of Assets. What's crazy is we started off with $0 in 2012. Well here's hoping this is a start to a solid year end close out.
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Not-a-Recession Equals Opportunities for Black and Brown Millennials
While falling markets would typically scare people into saving and staying home, most are happily liquidating their savings or tapping into consumer credit. This is a perfect storm of “not-a-recession” arguments but try not to get distracted by the noise.
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How to Be Present w/the Turn’t 30 Podcast Crew
Today's episode features Jay, one of the two Js from the Turnt 30 Podcast were we discuss if Men give other men gifts? Crazy enough, it's something we never considered so it had to be a podcast. While out numbered, Lawrence holds his own and shares why he believes that men don't give each other gifts. And the ladies banded together like Voltron in opposition. All in jest but none the less an amazing conversation. If you are a male listener, do you remember the last time you gave your male friend a gift?
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Dog Ownership and How Much It’s Costing Us
Pets are expensive and for some reason, people don’t tell you about the cost. My wife and I recently welcomed a new member of the family, Brownie – the morkie-poo. Engineered for cuteness sure, but this little guy is expensive. Here’s the overview of how much we spent so far and the most common costs associated with dog ownership. As a bonus, we will share in some tips on how we save and where you can save as well. And yeah, this is a far cry from my usual financial literacy info but this is seriously need to know information. Pandemic Pups, Adoption and Dognapping on the Rise Owning a…
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How Seven Haitian Americans are Establishing Black Wealth against all Odds
Building wealth is not easier being 1st generation Haitian American. These stories prove that sometimes you have to start a new business too.
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From Inflation to Recession, How to Master Modern Economic Vocabulary
Inflation, Recession and high prices are dominating the news lately. After two years of government stimulus payments, eviction moratoriums and student loans in forbearance to fight the pandemic, prices are finally catching up. Instead of being swept into this moment of confusion, it is time to brush up on the basics of macroeconomics. Hope this serves as a one-stop shop for information as your personal economy continues to develop. You can also dive into the details on each topic via Investopedia.com Do you even know what the Federal Reserve System is? For simplicity, the Federal Reserve System is the most powerful financial institution in the world. Most people call it…
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Are You Really Single-by-Choice? A Turn’t 30 Conversation
On this special episode, the Ladies of the Turnt 30 podcast just us for a joint conversation and it gets contentious. Will they battle it out or will they come to a consensus. The topic du jour, "Being Single by Choice" while others could argue that you are simply single because you weren't chosen. Eeesh, writing that sounded harsh. However it's a great opportunity to get to know the Turnt 30 crew and their journey through adulthood.
