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How to Play Financial Chess by Generation
Reaching 40 is an interesting psychological and financial chess game. Your body feels different, and your bank account still isn’t heavy. It’s a near-cosmic awareness of your mortality with a dash of existential dread—the feeling that you forgot to grab something from the grocery store but can’t remember. Every Saturday, I can expect to spend anywhere from $200-$300 just by stepping out the door. Two drinks, a shareable appetizer, and two entrees will run you an easy $140 plus 10% sales tax and +15% gratuity. At this rate, I’m convinced that gratuity is a bougie way to say more fees. The grocery store run is becoming a new ‘Price is…
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Be Rich on Any Income – Hyper Wealth Accumulation
While the world advances toward automation and AI, it’s time to shift your finances into hyper-wealth accumulation mode. The best part, you don’t have to start rich. Narrow your focus on the goal to end up rich at the finish line. Besides it’s way better than starting rich and ending up poor. Redefining the Financial Journey Not the Finish Line Wealth is not the finish line; learn to redefine the trajectory. The most common misconception about wealth is that you must earn more income to be worth more. Your net worth isn’t compromised solely by your income. It’s a bit more complicated and way more intentional. If you want to…
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We Paid $200,000 in Debt. Here are Some Wealth Tips
Sounds crazy but It's true. We were able to pay $200k in total debt repayments in 1yr. Here's our best advice for married millennials.
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Millennials will need nearly $190,000 annually to survive 2060
Nothing erodes Wealth faster than Inflation. If the cost is $73k in 2022, it will explode to $190k by 2060. Are you making the adjustments?
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How to Avoid Falling behind Financially in Your 40s
Ever feel like you are falling behind financially? Turns out, most Americans feel the same way. New job applicants are requesting no less than $80,000 per year in entry-level roles. While most families say they need over $230,000 per year to stay afloat. Boomers are entering retirement with fewer savings than anticipated. Genx is stuck in its own sandwich generation with the likelihood of another recession. While millennials are now ages 26 to 41. Life is getting financially complicated. We are all navigating through major life transitions from the global pandemic to global reversion to the mean. All this, on top of getting married (or not), going 50/50 on expenses,…
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Understanding the Necessity of Ownership in real life
Today we discuss the topic of black homeownership. We derived the conversation from a relator article breakdown of homeownership amongst different races and what the numbers mean for black communities moving forward.
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The Truth about Progress in the US and the Power of Bootstrapping
The crew shares the story of being called a "Bootstrapper" and how bootstrapping has influenced their lives.
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Millennial Millionaire Traits You Need to Know and How You Can Use Them
Even with the last decade of economic downturns and uncertainty, a new millennial millionaire is minted every month. According to Coldwell Banker, out of 72 million Millennials in America, roughly 700,000 are already millionaires. Beyond quiet-quitting, student loans, and their love of Starbux $SBUX, millennial millionaires share similar qualities to the old guard. Thus, understanding these traits can help you modify and adapt them, in order to reach new financial heights. While I know some will go to the corner and yell, “Impossible” in four languages, it’s actually doable. Especially if you feel like your back is against the wall financially, adopting these habits will be essential to thrive in the next…
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Why You Should Follow These Baby Steps with Extreme Caution!
Financial literacy is way more than baby steps. It's a lot of challenging adult wealth-building. You will be pushed and this will change you.
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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.
