-
How Did Black Wealth Increase by 60%
In a surprising turn of events, median Black household wealth increased by 60 percent from 2019 through 2022. This represents a significant boost of $17,000. Ultimately, this is a great offset to the seismic decrease of 61 percent from 2007 through 2010. According to the recent 2022 Federal Reserve Survey of Consumer Finances, the median American household experienced a 37 percent boost. This represents a (net) positive increase through the pandemic. What changed? And, will this pivot help to improve the odds of reaching racial wealth parity? Why does this increase in Black Wealth Matter? As of Q3 2023, Black households held less than 5 percent of total US wealth. In…
-
Watching Our Wealth Grow Over $1,000,000 in 2023
Coming off of 2020-2021 with $200k net worth increases year over year, the market slowed drastically for 2022 and 2023. We're Tracking Still Growth over Losses.
-
How to Craft An Annual Financial Strategy with TNFG
If 2022 was challenging, just know that 2023 will be even tougher. Crafting a financial strategy is the key to growing your wealth.
-
Improving Your Cash Flow is the Key to Wealth
For starters, welcome to The Neighborhood Finance Guy website where we discuss financial literacy topics such as How to Grow Your Wealth, Building a Better Cash Flow Strategy, Investment, Retirement and more. My goal is to help you make effective decisions and set S.M.A.R.T+E.R. goals with your money. As always, the information is FREE but the struggle is not sold separately. Ever Heard About Cash Flow? The first time I ever heard of the term cash flow was in Cost Accounting class. Even then, it was kinda abstract. By definition, a cash flow statement provides data regarding all cash inflows that a company receives from its ongoing operations and external…
-
You Can’t Build Wealth Without $15k Losses in December
December Santa Claus Breakdown is more sour than sweet in 2022. Stocks slipped 20% and our net worth followed. Almost $15k down from November.
-
Watching Our Wealth Grow Over $750,000 in 2022
Coming off of two years with $200k net worth increases, we are going for $250k increase in our household net worth in 2022. Go Big!
-
How to Quickly Calculate Your Wealth
Inflation raging +8%, it's all about wealth protection. While we share our Net Worth monthly, I still get the impression that most don't know.
-
We Closed Out Another Year $200,000 Wealthier (Again!). Here’s How We Did It.
Omicron scare, Back Pay, Student Loan Forbearance, and another December Santa Claus rally - all in one week. All of which made us Wealthier.
-
How We Crushed Our Net Worth for the 2nd Time
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 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…
