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How We Created $10,000 Worth of Wealth in December
A December Santa Claus Rally could have helped sweeten 2024 but Santa was drunk. Krampus showed up by New Year's Eve. Our stock performance bumped up 39% for the year though, and our net worth followed.
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The Election is Over, Setting Our $8M Wealth Goal for 2032
Finally no more election shenanigans, time to get back to building wealth again. Another added benefit of post-November, we can kiss the $12 billion election ad campaigns goodbye. It’s time for the Shen Yu ads to run through February 2025. Seriously, those election ads cost an estimated $12 billion. This is a hint for anyone who wants to pursue a political media, analyst, or strategist career. They get paid a median of $175,000 plus. That’s neither here nor there. For my household, it’s time to plan. In the shadow of election tension during Obama’s second term (2016), we realized that Investing (Not Policy) was our best bet toward financial freedom.…
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How to Create $7k in Passive Income Quarterly – Q3 2024 Recap
Tracking TNFG’s QTR 3 2024 Passive Income Progress The third quarter numbers are in, a run-of-the-mill $7k month. The glory days of $20,000 quarters from 2020 are long gone. Relatively, I’m grateful for our +$6,000 average. My goal is to bring that up to an average of $10,000 monthly by 2027. Unfortunately, prices are up on our business expenses, and dividend yields are down. In positive news, Federal interest rates are easing to 2 percent. Times are harder. Reflected in the election results, the average American household lives check to check. As the new federal administration takes shape, the future is 50/50. There are fears that tariffs will drive up…
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Why Financial Freedom Should Be On Your Wealth Bucket List
Achieving financial freedom necessitates a Wealth Bucket List to prepare for retirement. The author emphasizes accountability, budgeting, and discipline as paths to personal finance success. Planning for retirement includes significant financial goals, a commitment to lifelong learning, and a passion for travel and service. The aim is to create a purposeful, fulfilling life post-retirement.
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Our Net Worth Performance Was Great Until Bloody September!
The post outlines a tumultuous financial year marked by inflation, depleted savings, and high expenses. Despite challenges, there were job transitions and a move to Florida with relocation costs. It discusses the importance of financial strategies like dollar-cost-averaging, reduced monthly expenses, increased investments, and emergency funds. The net worth rebounded in September, emphasizing resilience and long-term goals, including home renovations and a new savings plan. Financial literacy and adapting to changes are key themes for achieving stability and growth.
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Black Households Will Be Struggling By 2034, Here’s How To Pivot.
Blacks in America face significant financial disparities despite representing 14% of the population. Black households hold less than 4% of U.S. wealth and face median incomes trailing far behind other racial groups. Structural issues, debt, and lower generational wealth hinder financial progress. Building wealth involves strategic saving, investing, and home ownership while minimizing debt and living within means. Future wealth disparities are projected to widen without systemic change.
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Changing the Narrative of Wealth by Valuing Time
Investment thunderstorms, repairs and vet bills. Building wealth has never been harder but we can make it through. Going beyond F.I.R.E.
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This November, Opt to Vote For Your Household’s Wealth
This is the time of year when we are inundated with election ads asking for us to vote and donate to our preferred candidate or party. That got tired quickly. I hate ads and don’t understand why multi-millionaires need to spend an estimated $12 billion of 2024 campaign funds on marketing. This is up nearly 30% from the 2020 presidential election. Again, it’s not their own money. To keep it brief, the last time I voted was in November 2012. After an odd racially charged interaction with a volunteer poll worker for the city of Tallahassee (FL), because I’m visibly Black with a Hispanic last name, I started to question…
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How We Made $5k+ in Passive Income for Q2 2024
The second quarter of 2024 was tight. 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. Nearly $7k in gross passive income is still income.
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250k Reasons Why A Mid-Year Financial Review is So Powerful
The stock market tumbled in 2022, however just like that it rebounded through the first half of 2024. You really can't time the market. Stay invested!
