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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Jollof is just mushy tomato paste flavored rice!
Contrary to popular belief, Jollof rice is not that good, says Lawrence Delva-Gonzalez. He wanted to make that clear before all of Nigeria bans him from any future travel. Along with Ghana and Senegal, he truly deserves it. Lovely Merdelus tried to warn him but he didn't listen. However, this is still a good conversation about Finances in the Diaspora and what we all can do to learn from each other. The goal of the podcast is to expose people to the novel idea of thinking for ourselves, finding 90% of the ways we agree and accepting 10% of the ways we disagree with each other. Is Jollof just rice…
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The Millennial Worklife Crisis: Burnout and the Great Resignation
The Great Wait, the Great Resignation... #Burnout lifestyle is effecting Boomers, Gen X, Millennials and Gen Z. Add financial stress, insecurity and a near endless post pandemic lifestyle; people are calling it all quits. #TFG is calling it "The Millennial Worklife Crisis." Many are "lying flat" while others are deciding that coasting while FIRE is enough. Just remember even on your best day, you can miss the mark or your goals; those who succeed are those who innovate and endure. In today's episode, Lovely Merdelus lead us into reflecting about when things aren't going Instagram right and how we can all cope during times of challenges. Along with the co-hosts,…
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The Black Middle-class and Retiring in a Crisis
The Neighborhood Finance Guy writes about financial literacy topics: Financial Planning, Budgeting, Boomers to Millennial Money Management, Investment Strategies, Retirement tips, and more. The goal is to help you make effective decisions and set S.M.A.R.T goals with your money. The information is free but the struggle is not sold separately. And if you are into this sort of thing; the blog is PLUTUS nominated, I studied Accounting with a Specialization in Taxation, served in the US Marine Corps, and now work as an Auditor. Summary: When White America catches the Flu, Black America catches COVID Research finds that the economic inequality and racial wealth gap continue to grow. Black and…
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Why Relationship Money Talks and Money Dates Matter
Alainta Alcin otherwise known as ATL gets a bae, ghosts us and finally comes crawling back to tell us the story. As always it's all love. In an attempt to snoop around for details, Lovely Merdelus and Lawrence Delva-Gonzalez dig up information on ATL's current beau. We are guessing he is at least 5'11? We seriously don't know where she find men especially when others are complain of a drought. But I digress. To make this actionable for you, we discuss new relationships and the money talk. We talk about how open dialogue about money makes a difference. We also talk about how to be open about where you are…
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How to Set Up Your Month-to-Month Million Dollar Financial Plan
An unwritten and unspoken truth about wealth; “It’s easy if you have a great financial plan.” Financial advisors are merely paid to make the rich richer month-to-month. Here’s how.
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How to Create A Financial Plan that Builds Generational Wealth
October is Financial Planning Month. As such, it's an amazing opportunity to level up like the rich. In this episode, Lawrence Delva-Gonzalez aka our Neighborhood Finance Guy breaks down how you can structure yourself every month of the year in order to build wealth one step at a time. Alainta Alcin and Lovely Merdelus sitting this one out but they will be back in the next episode. In 2016, Lawrence attended two Financial advisory workshops by invitation in Washington, DC. These workshops were tailored to high earners racking in over $125,000+ per year single and over $250,000+ per year as a household. To be honest, they weren't talking about anything…
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Here’s How Much You Need to Invest by Age to Become a Millennial Millionaire
The best part about investing is that the sooner you start, the less it cost and the more you make.
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Three Apps that Make Budgeting Easier than Pen and Paper
Budgeting doesn't have to be a terrible ordeal. Here are three apps that redefine your wealth from pen and paper. They make budgeting easy.
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Why Poor People Who Buy Used Cars, End Up Rich
Turns out Poor People who buy used cars can end up rich?! Learn how to cut the luxury expense and invest the difference.
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How to Become a Millionaire in 15 Years or Less #NetMax
In today's TFG episode, we deep dive into the Net Max Financial Plan created by our very own Neighborhood Finance Guy, Lawrence Delva-Gonzalez. The Net/Max Plan is a great resource to jump-start your financial plan. It incorporates Financial literacy in a way that is critical in order for us to use knowledge and money management skills. It’s one thing that will impact almost every aspect of your life, yet many people do not have the knowledge they should. This plan is an opportunity to be a millionaire in your lifetime with or without a partner. After 20 years of labor, you can expect to retire with more than $1 Million…
