Fidelity Goal Booster is a great tool to help you reach your savings goals. Even if you don't have access to Goal Booster through your employer, you can still use the platform to save for your future. Read our article and find out how.
How to Stretch Your Dollars in the Face of Inflation
Inflation reached a 40-year high in the United States in 2022 and we are still feeling the effects in October 2023. The year-to-date inflation rate in the United States was 5.9% through August 2023. That's almost double what inflation averages historically.
Managing your money is an ongoing journey with various stages throughout your life. By empowering yourself with knowledge, you've taken a crucial step. Now, take action and prioritize your financial well-being.
How to Achieve Your Goals
The beginning of the year is that time where we tend to feel refreshed and I take time to looking at my goals through this eager lens as a means for me to stay focused and continue to move forward. In addition to reviewing my already established goals, I take some time to write down anything that is not on my list. Studies show that we are 42% more likely to achieve our goals if we write them down. In addition to that, one of my favorite passages in the Bible is Habakkuk 2:2-3.
Manage Your Money: My Financial Journey (excerpt)
Some will say that making money mistakes when you are young is acceptable because you are learning. I say if we learn the principles of wealth management and teach the generations that are to come, they can avoid the pitfalls that caused us to stumble.
I’ve done it all right and done it all wrong. Although I have an undergraduate degree in Finance (from the amazing Florida State University), I did not have one personal finance class throughout my academic career. I graduated with 20+ credit cards. Do you remember the organizers with the slots for cards, I was the person who filled them all up with different credit cards and I was crazy enough to carry them with me. Can we say prime target for identity theft?
Nothing to Wear
Conflicting Goals: Entertainment Vs Preserving Cash
According to last week’s Wall Street Journal, Netflix gained an additional 16 million new subscribers.
Just this year alone, the stock is up 34%. I call that a win!
The average emergency, prior to the pandemic, could be resolved with $400. That annual Netflix subscription is 39% of what we would need to stash away for an emergency and gain some peace of mind. According to a recent survey by The Wall Street Journal and the Harris Poll, Americans spent an average of $37 per month on streaming services in March 2020. That’s an annual expense of $444. Can we say ching ching again.
The Hidden Fees of Working from Home
Facing the Fact that You May Not Be Able To Pay Your Mortgage or Rent (Coronavirus Part 5)
Many people world wide are facing reduced hours or have been laid off from their jobs completely. Shelter and food are a basic necessities. What do you do if you can’t pay your mortgage or rent?
It is best to address things as soon as you are aware that there may be an issue. This gives you more time and potentially more options. Find out what resources are available to you before your rent or mortgage payments are actually behind.
Retail Therapy: It's Not Really Therapy If It's Hurting You (Coronavirus Part 4)
I know it’s tempting to shop your heart out online while we’re quarantined, but pump your breaks and maintain a social distance from online shopping.
Take a moment and identify what you do not have in your closet or home that you truly need. My guess is that list is very short. Do yourself a favor and use what you already own.
Put Yourself in a Position to Soar Once This Crisis is Over (Coronavirus Part 3)
It's Time For a New Spending Plan (Coronavirus Part 2)
Let’s talk about what you can do today, right now, to help offset any disruptions you may see in your income.
How much discretionary income do you have? Your discretionary income is any money you have left over after you pay your necessities (ex: taxes, shelter, groceries, costs associated with transportation, medication, etc.). So, how much “extra money” do you have that can be set aside in case you need to tap into it?
Coronavirus: Take Care of Your Money (Part 1)
Financial Tips with 2020 Vision
Stretch IRAs: A Way to Avoid Taxes & Create Generational Wealth
In order for this strategy to work, we have to increase the financial literacy within our families and communities. We must be aware and also make the next generation aware of the tools that can be in their toolbox. Take a few minutes to share this article with someone who will benefit from what you just learned.
The Cost of Less Than Perfect Credit
Using IRAs as Part of Your Tax Planning Strategy
We aim to share strategies that are designed to help individuals increase their net worth, increase the value of their estate, and ultimately build generational wealth. Achieving any goal starts with a plan and tackling it strategically. Our financial goals are no different. Tax planning is one aspect of personal finance that we need to keep in mind on the way to hitting our targets.
So You Think You Don't Have Enough Money to Invest, Guess What You Actually Do
More Interest for Your Money: How to Obtain Higher Rates Without Being Locked Into A CD
Life Begins When You're Ready For It To Begin
Anger: Are You Poisoning Yourself
I’ve read that “holding on to anger is like drinking poison and expecting the other person to die”. What happens when you are the other person? I’m speaking of a situation where you are angry with yourself. What happens when you are angry with you? In my experience, this can lead to a debilitating scenario where you give up on yourself or aim lower than your best. It can lead to poor decision making based on guilt, shame, or unworthiness. It can cause you to sabotage your progress. These are just a few of the negative effects of anger and not forgiving yourself or others.