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Household Expenses Up More than 9%. Here are the details on the 2021 Survey
The Neighborhood Finance Guy writes about financial literacy topics, investment strategies, Household median income management, and retirement tips to help you make effective decisions and set S.M.A.R.T+ER goals with your money. The information is free but the struggle is not sold separately. If you are feeling poorer, you are likely spending way more than you think. Household income isn’t dropping. Prices on everyday items are going up. Join the Newsletter that can help re-balance you mind, body, and spirit. Feeling a bit stressed about Expenses? Average annual expense per media household went up from $61,332 in 2020 to $66,928 in 2021. This was an increase of 9.1 percent. Add another…
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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 Deal with Challenges. Sharing our Mid-Year Review
"A mid-year review is a great way to energize your annual goals and performance, in a little-to-low pressure way." In this episode of the Financial Griot podcast, the crew is finally back together. On the table, our mid year recaps from major medical expenses, new pets, inflation and looming recession; it's been a rough six months. Lovely also shares the lessons she is learning along the way. This is going to be heavy. To make this actionable, we highly recommend that you do your own midyear recap. Even invite some friends or family members. This is your opportunity to recalibrate.
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Not-a-Recession Equals Opportunities for Black and Brown Millennials
While falling markets would typically scare people into saving and staying home, most are happily liquidating their savings or tapping into consumer credit. This is a perfect storm of “not-a-recession” arguments but try not to get distracted by the noise.
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How to Quickly Calculate Your Wealth
Inflation raging +8%, it's all about wealth protection. While we share our Net Worth monthly, I still get the impression that most don't know.
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Having Tough Conversations about Social Influence and Suicide
Tough conversations are needed but often afforded. Life is challenging, many times unfairly but still very hard. We have to talk more.
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Our Investments Dropped $50k in the Red. Inflation Madness Continues!
Investments are in the red. For some, it took all of 2021 growth off the table. High Inflation and a War will do that. It's getting harder. It's costing the average household an extra $6,000 per year to keep up.
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Inflation is Here to Stay. Investing is Not Optional Anymore, it’s Mandatory.
The pandemic revealed a lot, Inflation and high prices are here to stay. Investing is not Optional anymore, it's Mandatory. Try this strategy
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My Life after reaching Financial Independence and Retiring Early
made it this far if it was not for the blood, sweat and effort of everyone that came before me. Because of that, I want to do something special, something unexpected...
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How Future Millionaires Invest and Build Wealth in their 20s & 30s
Like is fundamentally unfair. It’s a clear and easy understanding that we all should understand. Unfortunately, many are stuck in the fight against fairness. This is ultimately why they aren’t rich.
