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Here’s a Simple Breakdown of The Silicon Valley Bank Crash
In response to the pandemic, the government stepped in to provide support and relief, pumping even more money into the market. This superheated the market, causing more retail investors to jump on board, further increasing the pressure on banks to maintain their profitability.
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Is the Modern Black Culture Is 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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Here’s Why You Can’t Negotiate with Broke People!
Is Kanye being old Kanye or new Kanye? I'm confused right now. The Financial Griot gang is back for another short episode. Well shorter by our standards since we can talk. Today we discuss the evolving new black capitalism and the hope that we remain unafraid in the creation of wealth. We can't be relegated to victimhood and money trauma as a baseline for Black social mobility.
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How to Get Credit Card Companies To Pay You
Going through how we reversed our relationship with our credit card companies. Not all debt is bad debt. Leverage points and benefits. Don't hate the player, learn to play the game.
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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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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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The 7 Highly Effective Ways to Achieve Your Goals
92% of people never achieve their goals. While that might be true for them, instead lets focus and learn from the eight percent. Back in 350 BC, Aristotle stated “Our goal in life is to achieve happiness, which comes in two varieties: the human happiness we achieve by exercising the virtues of character, and the godlike happiness we achieve when we grasp eternal truths.“ To reach this destination, the great philosopher emphasizes the importance of education and our own personal habits. Over 2,000 years later, Psychology Today agreed “Consistent habits allow us to achieve our goals.” Here are the 7 lessons to help you achieve your goals: 1. Begin with…
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How to Prepare and Recover from Financial Setbacks
Learning from past financial setbacks is a tried and proven method to build a Better Future. An Ameriprise Financial study found that 75% of American experience at least one major financial setback in their lifetime. This often come at a cost of more than $50,000. For 42% of Americans, the first financial mistake starts at college with unnecessary expenditures, credit card debt and student loans. We sign up early and get roped into a lifestyle of debt. Prior to the pandemic, many were on track to default on their student loans. So much so that one out of every ten Americans has defaulted on a student loan. An average of…
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Trauma Bonding and the Importance of Therapy
In the wake of a myriad of shootings in the US, it's ok to allow people to grieve in their own way. Sometimes that grieving is messy. Unfortunately, there are times that the grieving leads to trauma stacking. In this episode of the Financial Griot podcast, we discuss the need for real therapy with the goal that you end up doing the necessary shadow work. Your psyche can definitely keep you away from building wealth. Tackle it.
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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.
