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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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The Financial Impact of Immigrants in the United States
Immigrants have been coming to the United States since 1609. With them, they have brought culture, food and financial prosperity.
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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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How to Bring in $24k of Passive Income by Q4 2023
Reviewing The Neighborhood Finance Guy's (TNFG) not so passive income and what generated $24,000 through 2023. Extra Money is Good Money! With the market slowing through 2025, time to get creative and earn more before the next super cycle.
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Here’s The Simple Guide to Build Wealth Every Decade
Start by considering every decade of your life, as compounding seasons that lead to wealth. While stock market volatility, unemployment numbers, and CPI aren’t at the top of the societal conversation, they are important context clues on managing your money. If financial experts say that we are heading toward a downturn, it should be a mental note about your savings or lack thereof. When times are great, that’s where you should plan for when times aren’t. This doesn’t imply that you can’t enjoy the moment, however, it’s a reminder that all good things may not last forever. With the possibility of recession looming, instead of being anxious, consider your time…
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If You Think It Costs A lot Today, Check Out These 2030 Estimates
Nothing erodes Wealth faster than Inflation. If the cost is $73k in 2020, it will balloon to $95k by 2030. Are you making the adjustments?
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Born a Crime by Trevor Noah is a Must-Read, Here’s Why
Today the crew discusses Trevor Noah's autobiography, Born a Crime: Stories from South Africa. An amazing tour de force book with powerful lessons that we can all learn from. It's a biography of South American society as much as it is a deeply personal story of Trevor Noah's life. It is both charming and thought-provoking.
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Is Whole Life Insurance Right for Me?
The crew is together again. Lawrence discusses his recent experience on a financial panel, discussing whole life insurance vs. term life insurance. The crew dives into the financial differences and the reasons why whole life insurance does not serve our community well. Whole life insurance is more beneficial for sellers but not the families who are purchasing these financial products.
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How Much Money or Wealth Do You Need to Be Part of the Middle Class?
Is the middle class shrinking? Most want to be rich while no one wants to be poor. So most call themselves Middle Class to fit in. But how much income do you need? How much wealth do you need?
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How to Create $7k in Passive Income Quarterly – Q3 2023 Recap
The second quarter of 2023 was hopeful but the third quarter was a struggle. High Inflation is here to stay. A global recession is pretty much certain for 2024. In translation, get creative and earn more.
