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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This ChatGPT Inspired Stock Portfolio is Beating Average Investors?!
ChatGPT is beating the SP500?! Well time to consider going beyond the index and chill model.
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You Now Need $100,000 Salary to Become Millionaire in 2025
More People Should Build Wealth. It's Easier than You Think. Most Millennials Can and Should Consider Becoming Millionaires. It starts with $100k.
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Investments Gained $175,000 YTD. Time to Celebrate by Cleaning?!
A small but meaningful TNFG July celebration is in order. We don't expect much from Q3 so here's hoping for a solid year end close out of +5% to +11% growth.
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How to Revise Your Financial Game Plan Post Multi-Millionaire Status
The only thing that changes in a good financial plan is perpetual change. In August 2023, my household hit a net worth of $1,000,000. We were officially millionaires in an era when we were told it was impossible for people like us. My wife, in her infinite wisdom, said, “We aren’t millionaires until we both have a million.” While that didn’t mathematically make sense in any realm of accounting, I figured it might be best to push for the $2 million target. On July 19, 2025, my wife and I reached our latest milestone of $1,900,000 in net worth. We are now just $100,000 away from $2 million. While my…
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+$227k Reasons to Do a Mid-Year Financial Review
Recap. The stock market tumbled on March 2020 but rebounded by the end. It rallied through 2022, and took a nasty dive due to inflationary fears. But we rebounded through 2024. Q1 2025 was a disaster then Q2 came roaring back. You really can't time the market. Just keep buying as needed.
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Still Not Debt Free But We Are On The Way to $2 Million Net Worth
Hooray we all made it through May and the tariff wars. Just six months left to reach your Financial Goals.
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This is Why Early Retirement Goes Wrong!
I was watching one of my favorite ‘Retire Early and Travel the World’ couples the other day and found that they have been struggling. After watching the 1 hour and 23 minutes YouTube vlog, it was clear that they weren’t ready for retirement. To be fair, no one is ever truly ready to retire. Even the Financial Samurai blogger had regrets. In April 2024, they sold everything, and for the first few months, Gean and Kristine (Fire We Go) were locked in. Typically, people will downsize and even trade in their bigger homes for something smaller. In addition to this, this couple set out to see the world and take…
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When is the Best Time to Invest? Might be in May.
Hooray we all made it through May with flying colors on the road to $1,250,000 investment portfolio. Just six months left to reach your Financial Goals.
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How to Navigate Finances in High Price-Inflation Waters. Q/A Recap
I was recently invited to participate in a panel titled, “How to navigate finances in 2025”. Given the change in the U.S. administration, global wars, and financial instability, this was the right call for Florida State University’s Black Alumni Association. By the time the bat signal went up, America dove $600 trillion into the muck of tariffs and supposed liberations. When the panel came around, we’ve all but rebounded. It’s pretty much pandemonium. JPMorgan said we are headed into a recession one day, and the next month stated that we will be in a +8% performance year. The financial experts don’t know what will happen at any given turn. Deuces…
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How to Financially Survive Trump 2.0’s Tariff Spring
We might have missed the recession, but the tariff war is here. There is still, no better time for a financial spring cleaning. Every April is a great excuse to improve your personal finances.
