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 savingsโeven 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.
-
How to Improve and Excel in Your Financial Spring Cleaning Monthly
We might have missed the recession, there is still, no better time for a financial spring cleaning. Every April is a great excuse to improve your personal finances.
-
The ‘Millennial Dreamโ of a Condo, EV, Farmer’s Market, and Travel Now Costs $6.8 Million
From EVs, expensive homes, farmers' markets, and travel; our 'Millennial Dream' is expensive. We will need nearly $7 million.
-
Breaking Down Our Strategy to Achieve a $1,000,000 Investment Portfolio
A breakdown of our household's investments as of March 2024 through 2025. Still, on track with the Net/Max Financial Plan to retire early.
-
How We Improved Our Wealth Cash Flow for March
Investments moved up in March 2024, leading to the high performing quarter since 2019. While prices are high, we are still pressing on with our cash flow. It's costing the average household an extra $6,000 per year to keep up. The real question is, are you keeping up?
-
Is Investing Still a Better Bet over Saving? Yes!!!
Each year comes with its share of trials and tribulations. The best part of the recent high inflation (2022-2024) is that it is over, now it’s time to realign your financial ducks in order. With the market diving in late March 2024, a few top-performing companies carried the entire economy. This presents a colossal opportunity for investors over long-term savers with cash to spare. The market priced in the losses, we are likely in for at least an 8% to 10% upswing toward the end of the year. If you are ready, it’s time to BUY low and HOLD for dear life. Buy ETFs Low, and Hold for Highs While…
-
How to Rekindle Love and Wealth During an AI Bull Market
All is Fair in Love, Inflation, and Nvidia. Since we can't predict the future best thing to do now is to inflation-proof your net worth. Hopefully this is a start to an AI bull market.
-
How to Create a Modern Savings Plan That Scales
65% of Americans will be impacted by a financial emergency. Only 27% have an emergency plan in place. Hereโs How to Create Your Own Acid Plan
-
2024 Economic State of Black Struggle and its Long-Term Effects on Black Wealth
Are Blacks in America doing better; guess we have to look at the Black statistics to see the results. Over the last 50 years, Black Americans have had substantial social and economic growth. The last four years (post-pandemic) showcased an increase in asset attainment through investing with a general concern its the long-term viable impacts on Black households. While gaining political rights has long been the predominant goal, Black Millennials and Gen-Zers are redefining these long-held beliefs and values. From the pulpit to the global media representation, Blacks in America are entering professions from which they had been blocked. And yet, income lags and net wealth remains low. The Post-Black…
-
How to Invest In 2024 So We Can Catch Flights Not Feelings
Staying on top while we invest in 2024. Catching flights not Feelings!
-
How to Kick-Off Your Wealth for the New Year
Coming off of a rough 2022 and a stellar 2023, we are going right into 2024. While the mental kick-off was slow, it's a relief to have at least one month of solid stock performance to set the tone. 2024 should be challenging but solid.
