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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I’m calling it early, it’s a Recession. Our Net Worth is still going strong.
With a Recession on the way, getting to the $750k Net Worth Just Got Harder. TNFG's April Net Worth Analysis and Household Expenses Breakdown.
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The Psychology of Money – How the Rich Mastered their Id, Ego and Superego
The id, ego, and super-ego are a set of three concepts in psychoanalytic theory. They define our Wants, Needs and Goals.
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$5,000 Saved isn’t Enough. An Acid Emergency Plan is Better.
65% of Americans will be impacted by a financial emergency. Only 27% have an emergency plan in place. Here’s How to Create Your Own Acid Plan
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Every family needs a Financial Emergency Binder. Here’s How to Create One
65% of Americans will be impacted by a financial emergency. Only 27% have an emergency plan. Here’s How to Create an Emergency Binder
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Breaking Down How We Made $50k in Passive Income
Reviewing The Neighborhood Finance Guy's (TNFG) not so passive income that generated over $50,000 in 2021. It was not passive at all.
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Turns Out, No One Ever Complained about Investing Too Much for Retirement
The Average US Household saves and invest less that 7% of their income, specifically they save under $7,000 annually. It's not enough.
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Our Investments Dropped $50k in the Red. Inflation Madness Continues!
Investments are in the red. For some, it took all of 2021 growth off the table. High Inflation and a War will do that. It's getting harder. It's costing the average household an extra $6,000 per year to keep up.
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Pandemic Investment Performance Are Up 100%! Use These Tips
Our investment grew by an astonishing +98.50% beating the S&P and most investment management portfolios. Here's how we were able to do this.
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Dating for Love and Surviving Strangers in the Meta Verse
In this episode (rant), the Financial Griot crew discusses love and money while listening to social media highlights. Alainta, Lawrence and Lovely gives their take on society at large on the lies and mirages that people cast on social media. Additionally, they drop tips and thoughts on how you can become more confident in your inner voice so that you don't end up being a victim of scams and scammers.
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Inflation is Here to Stay. Investing is Not Optional Anymore, it’s Mandatory.
The pandemic revealed a lot, Inflation and high prices are here to stay. Investing is not Optional anymore, it's Mandatory. Try this strategy
