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.
-
TNFG Weekly Chapter 1: We Replicate What We Celebrate
TNFG Weekly is a dose of my favorite nutritional content and nuggets that’s worth indulging. Sharing Financial Wholeness through Mindset, Articles, Spirituality, Health, Food, Fitness, Books, and etc.
-
From Homeowner to Unemployed by New Year – Five Ways To Rebound Stronger
I Bought My 1st Home In November, and Got Laid Off in December. 2020 Wasn't Playing No Games. 5 Ways To Bounce Back.
-
How to Work Smarter with a Financial Independence Plan
2020 Was a Year That We Will Not Forget. Work Smarter, Not Harder. Go Together to Travel Further. Choose Together Because the Destination is Not Moving.
-
How To Build A Long-term Investment Portfolio Earning 250% Annual Return
First Investment Review. How This Black Millennial Couple Beat the Market by 10x in their First Year. Annual Return over 250%.
-
How to Build a 5-Yr Investment Portfolio with over 500% Growth
The game has been US-centric but it is not going to matter much longer. 130% growth over 5 years is nice but over 500% is a bigger deal. Play with being average if you want with the advice floating on social media or learn to move beyond being average.
-
Divided State of Black America: the Growing Racial Wealth Gap
Most Blacks in the Americas can trace their genealogy to enslaved ancestors, forced into the trans-Atlantic slave trade that started in the early 17th century. From microaggressions in Brazil to colorism in Haiti, vestiges of the past still layer subtext of Black Excellence. To this day, Blacks in the United States continue to face institutional barriers and discrimination, including a growing racial wealth divide.
-
Just when you thought the New Year would be different: Millennial Couple’s Net Worth Tumbles to +$7,000
For my household, the goal for 2021 is to hit $500,000 by March 2021. With the collapse of January, I am pushing back this goal to April or June again. The market is choppy and likely headed towards an instability bubble that threatens to affect those who struggle most.
-
Don’t get left out of wealth: Rich People pay less taxes, you should too.
All that time could have been better spent; learning and understanding their own taxes.
-
Extreme Warning! Don’t Be Average. How to reallocate $20,000 per year
The average American household brings in about $68,000 and spends $63,000. After FICA (Social Security and Medicare) tax of 7.65%, the income already drops to $62,798. There you have it, the problem in high definition.
-
Barely reaching the New Year: Millennial Couple’s Net worth Skyrockets by $210,000
2020 was tough and with God's grace, humanity proved we were tougher. We have a longer road to go to build and prosper. Net max financial plan works wonders.
