TNFG Favs
My favorite topics on the Neighborhood Finance Guy (TNFG Favs) website are:
- Budgeting and saving: I like the blog's posts on budgeting and saving because they are practical and easy to understand. The blog provides readers with tips on how to create a budget, track their spending, and save money for their financial goals.
- Investing: I also like the blog's posts on investing because they are informative and well-written. The blog provides readers with information on how to choose investments, manage their risk, and grow their wealth.
- Retirement planning: I find the blog's posts on retirement planning to be helpful and informative. The blog provides readers with information on how to save for retirement, choose the right retirement plan, and maximize their retirement income.
- Debt management: I like the blog's posts on debt management because they are realistic and helpful. The blog provides readers with tips on how to get out of debt, improve their credit scores, and build their financial futures.
- Personal finance: I find the blog's posts on personal finance to be comprehensive and informative. The blog covers a wide range of financial topics, such as taxes, insurance, and estate planning.
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Why Modern Black Culture Became So Toxic & Expensive
In this episode of the Financial Griot Podcast, the hosts share their thoughts on modern Black culture, building wealth and changing priorities and narratives. Currently median Black household wealth seats at $24k. Another recession would bring that number to $12k. According to The Road to Zero Wealth report, the median wealth of black Americans will fall to zero by 2053 if current trends continue. With spending up and credit card usage bolstering lifestyle creeps on social media, is Modern Black cultural zeitgeist detrimental to long term wealth building and wealth preservation. Do we really want to have generational wealth?
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How We Set Our Million-Dollar Wealth Goals for 2023
While we fell short in 2022, after some recalibration we created our million-dollar wealth strategy for 2023. Here's hoping we hit the mark.
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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…
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How to Bring in $45k of Passive Income by Q4 2022
Reviewing The Neighborhood Finance Guy's (TNFG) not so passive income and what generated $45,000 through 2022. Extra Money is Good Money! With the market slowing through 2024, get creative and earn more.
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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!
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The 2023 Salary to Become an Automatic Millennial Millionaire
More People NEED Build Wealth. With prices going up, it's going to be harder to coast by. The process to become wealthy is Easier than advertised. Most Millennials Can and Should Consider Becoming Millionaires.
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How to Do More with a Little Passive Income in Q3 2022
The second quarter of 2022 was hopeful but the third quarter was a struggle. High Inflation is here to stay. A global recession is pretty much certain for 2023. In translation, get creative and earn more.
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How to Rollover an Old 401k and Our Investment Strategy
Most people jump ship from their job and forget about their 401k, 403b or 457 rollover options. The majority (56%) of those ages 18-34 still have an old retirement account at a previous employer. If you’re 35-44, you are part of the 40% that have also not rolled over previous retirement accounts. How much is that worth? Well Americans lost more than $1 Trillion dollars to old forgotten 401ks. Even more if we consider the compounding interest opportunity. So let’s break down what rollovers are, tips on what to look out for and what to do next once your have access to your hard earned money. And just for the…
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How We Made $20k in Passive Income for Q2 2022
The second quarter of 2022 was hopeful. High prices raged on and it's likely that the passive income economy dragged down. With price inflation up, some goals might not materialize this year but we will likely still land in the positive. My internal compass still leans toward overall gratitude. I work from home. Additionally, I have a beautiful wife who loves to travel like I do. Our growth is proving to us that the solutions to a challenging word are merely tougher and more resourceful people.
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Hedge Against Recession with an Investment Portfolio that Builds Passive Income
With the stock market declines toward a recession, your next move should be your best move. Time to hedge losses with passive income.
