Down to 1

Teach others, be dedicated – Justin A. Starks

One more loan to payoff and I am debt free! Once I noticed how much I could be reserving and putting into a wealthy machine, I was determined to break the leash of being a debt slave.

Debt is used to keep us on a tight leash. We see no hope being in debt and that put a pause on everything we want to do in life. We get overwhelmed and depressed, which isn’t good for any of us.

Being debt free isn’t all about money. It’s about having a choice and a voice. By being in debt you have no control over how you want to live your life. That’s scary. By being debt free you have the upper hand on your next move. Either if it’s put your money to work or buying a new shirt feeling guilt free.

By any means do as you please with your money but make sure you are taking the steps to becoming debt free and out of that poor mentality. Don’t plan for Saturday night, lets plan for Four Generations. Anyway, have a blessed day, I just wanted to share I am down to 3,000 and I am debt free! Feels great to say that.

“If you need help or want to talk about your finances. Feel free to email me at Section8Investor@gmail.com”

Doesn’t Make Cents Sunday’s: Giving all your Wealth Away!

Sometimes when you give all your money to the poor, you will become poorer! – Justin A. Starks

Giving all your wealth away isn’t going to help your future self or family. You have to look at your money like a business. Would your employer give money to non-workers? Would your employer ever pay you more than they are supposed to? That answer is absolutely no!!! Then why are you breaking your neck trying to give out your hard earned dollars to people, who don’t even care about you? This could come in the form of spending at stores (non-black owned), and supporting begging family and friends.

If you come from the Inner City Community you should already understand what I mean by giving your wealth away. We sometimes grow up in poor communities with a chip on our shoulder. We are either entitled to help our immediate families or everyone else who hold importance to us in the ghetto. Every time they go down financially we think we have to jump up and save the day, by giving away what we worked hard for. In some cases it is okay to let someone borrow money, but not all the time, because that is taking away from your wealth empire.

Start putting your wealth to use. If you feel like you have more to give out then that monies should be put to a cause. You could flourish by donating, buying more assets, and growing your business. Don’t let others around you keep you down, because they aren’t doing what they are supposed to do. Hold them accountable and if they want to borrow money from you, no matter the amount, make sure they give a reasonable explanation of how they are going to pay you back. Giving away everything once you get paid is just going to turn you into a beggar.

Inner City Let Downs: Extra Money Problems

IMG_2372[1]In order to expand your net worth coming from nothing, you have to do the opposite of what your surroundings are doing – Justin A. Starks

Ever heard of the phrase “Mo money, Mo problems”? Well let’s put that same phrase in rotation and change it to “Less Money, Many More Problems”! Coming from the section 8 community, I have witnessed many different challenges and stress related issues regarding money. This has made me very hungry to do everything in my power to prevent me from going back to that terrible, horrific life style.

Since an early age, I have witnessed firsthand how money was used incorrectly in the inner city communities. We have so much work ethic, but we are just financially stupid. We work many long hours away from our families, some even working 2 jobs, but still use majority of our money incorrectly. These types of behavior start at home and have to change immediately in order to ever surpass your living condition for the better.

In order to change how we look at money, we have to change our mindsets. All I heard around me was people saying they don’t want a lot of money. Was it because they knew they never would reach a certain level of success and gave up on themselves, or because they were content with their low – wage paying non loving job (Owner). We just have been beating up so much mentally that we just give in to how America wants us to be. This is what they want! Throw us away in cages, leave us in the inner city violence with no hope, and never acquire the knowledge we need to get out. Until we unlock our minds as a whole and start turning our actions for the better we will forever be broke violent moneyless junkies, but with a job, house, and car, thinking we are doing better because the next door neighbor is struggling.

Going back to the beginning caption phrase, “Doing what others are doing outside of your surrounding”, is completely true. You see your next door neighbor buy a coupe, doesn’t mean you need to outdo them. Just because you hear your favorite rapper spend 50k on you tube on some diamonds that will not last forever doesn’t mean you have to do the same exact thing once you get that bag rolling in. You have to start doing the opposite of illiterate financial dummies in order to build your financial legacy for you and your generations to come. Be the one who breaks the generation of bad financial choices and not the one who continues to let your generation to fail when it comes to building wealth.

9 To 5’s Destroyed The Majority

IMG_2366[1]“You will never be up working that 9 to 5 alone”. – Justin A. Starks

That intro statement at the top with my name behind it is pure key to your financial future! Only working a 9 to 5 putting in all those hours in isn’t enough to get you to where you ultimately want to be. Let me be the one to crush your dreams right now before you punch that clock any longer, because someone has to do it. That job you hate and still pull up too doesn’t care about your financial stability. That job you take a shower for every night and morning, if you even do, doesn’t care about your sick child at home or when your tire blows out. That job that you repeatedly take abuse from day on and day off, doesn’t care about your feelings or you not paying the bills.

A 9 to 5 alone isn’t going to take you too financial freedom. That job alone isn’t even going to move you and your family of 8 out the hood. If you grew up in a poverty stricken neighborhood like me, then you know that working a measly underpaid job isn’t going to cut it throughout the year. Yeah, you may be receiving that yearly tax check, but I guarantee it will go quick and in a hurry because of unpaid bills you have added up all throughout the past year. It is a never ending game of cat and mouse.

All the time I see friends celebrating they have two jobs that are completely awful. It isn’t smart to get two jobs just to continue going deep in debt and not pushing your purpose. That’s what I call robbing yourself blind. That’s a quick way to end up on a road to depression, because you will never realize how you are setting yourself up for failure.

Me personally have seen how even jobs wasn’t enough to sustain in the ghetto, as we still struggled terribly. There was so many sleepless nights I encountered because 1. I couldn’t eat or 2. I was up hearing my mother cry because we didn’t have enough for the bills. This system failed my family for ages and it’s time it stops at this generation with me. Those vulnerable moments are stuck with me for life as I change the hand of life forever and ever. If you are going to work a 9 to 5 start learning how to invest and utilize your money better. Your money is exactly like time, it is a resource, and once it’s gone, it’s gone forever until you waste another 500 hours getting it back or however time is consumed from that awful thing you call a job.

Lastly, people think just because they work for a certain company or career field they have automatically won this game called life! That’s where we as a majority are wrong. A title has nothing to do with how you stand economically. If you know nothing about starting a business or investing in the stock market or real estate, you will forever play a game of throw the money away. The American Dream will only be a mere dream and leave you hopeless getting deeper in debt, thinking of a wrong way out. We have to stop depending on these 9 to 5’s and use them as a stepping stone. That stepping stone could be running a successful business or utilizing the dollar cost averaging when it comes to investing! Just motivation for my poor folks, hope you pick this up and run with it! Make sure you send me a email to Section8Investor@gmail.com where we can discuss your financial goals! I’m out, Peace and Love!

 

Simple Equation, be Heroic!!

“Don’t let others get you down, & never let your dreams drown”. – Justin A. Starks

Not so Simple

If it was this simple everybody would own a house(s) or have infinite wealth. The key is to not follow broke minded people, but study the game. Your income reflects your closest 5 friends. The reason is their mindset. It’s a big difference hanging around millionaires, than one who make little to nothing and struggling trying to impress their friends. Also, read, read, and read!

Change your scenery

Coming from the hood I was limited on my resources. I was thinking at a high level, but never seemed to get any results, because others just didn’t have the mental capacity as me. This led me to give up on myself and not follow through on my goals. I would start and switch which isn’t the greatest idea when trying to find the motivation and aspiration to build a legacy. It took me to change my scenery to grow. This means from friends and the infested ghetto I had to leave behind. I still keep in touch, but I totally understand our minds are not the same. By doing so, it allowed me to find myself and pursue my true passion and that’s key to living in this world. It may seem very harsh, but sometimes it’s mandatory you do so in order to grow. You don’t have to leave forever but you also don’t have to stick around forever.

Feed your passion

You must first find your passion and decide you want to succeed just as bad as you want to breathe. By having a vision, you will want to strive and live every single day. I remember when I didn’t have a plan, or a vision, but I knew I wanted to become rich and wealthy. I had to first learn how to deal with failure and people. I also had to learn that it is not about the money, but being a better servant for others. If you are really passionate about what you do then money isn’t the issue and it will come eventually. Stick to your plan, grow, and elevate to the next level. Don’t let others get you down and never let your deepest dream drown.

Johnny, Lester, & the 401k

“Corporate Thuggin”- Section8Investor 

Johnny is 21 and is new to his company. The company he works for is called, “Benjamin Guapo LLC”. He’s new, experienced, and has no knowledge on what a 401k is. When asked by his employer to open a 401k he was skeptical because he didn’t think it was a good idea and he heard nothing but horror stories of the stock market and stated he would rather keep it in his regular bank account. He thought it was a complete scam and a game for the criminals. Once he turned down the 401k offer his employer only offered him to think about it and take a couple finance courses they offer around the city.

The following day Johnny was out with a coworker by the name of Sunny Lester. Sunny is also with the firm and has been since 1974. During lunch that evening Johnny asked a serious question. Sunny said, “well young man what is your question”? Johnny asked,”Sunny are you invested in the 401k scam and if so how many years have you been trapped”? Mr. Lester laughed immediately after he heard the question and said, “lad you remind me of myself when I was your age and boy do I regret it”. Sunny gladly discussed his share on the Companies 401K. He told the truth, bad, and the ugly.

Like stated before, Lester joined the company in 1974 at the same age of 21 as Johnny. Mr. Lester admitted to not investing until he was 40 because he was unaware of Compound Interest and the free money it offered with the 5 perfect match. Johnny politely stopped and said, “Compound Interest, what’s that Sunny”? Once again Lester laughed and was so astonished at how so much Johnny reminded him of himself back in 74′.

He gladly explained to little Johnny how Compound Interest works & the whole nine. He even showed Johnny his portfolio with inclusive tips and tricks, but he also told Johnny to be wise, diversify, and invest in what he knows. Taking it all in he didn’t understand the jargon and terminology but once he educated himself the following month he was well aware of the wonderful opportunities of the 401K and Compound Interest. He knew free money could be left on the table and didn’t want that to happened. It was a grab and go one of a kind deal!

That following month Johnny proudly walked in his employers office and demanded the 401k option. Well, well, well,”said bossman”, I see someone figured the beautiful invention of Compound Interest. What made you change your mind? Johnny answered,”a great friend”. Ever since then Johnny has been well invested, saving 15 percent of his income towards his 401k, taking advantage of tax breaks, and also free 5% match. Also, till this very day he still keeps in contact with his mentor/friend/coach Mr. Sunny “401k Legend” Lester.

Keep Investing Simple

“Investing is simple, your brain isn’t” – Justin A. Starks

Keep it simple when it comes to investing and debt. Would you rather be up 40K steady adding more money to that number feeling good because you are up (financial security), or down 40k steady paying more to that number feeling stressed, depressed, and worried playing the “rat race” (financially depressed)?

Don’t look at the media

Whatever you do don’t rely on the media when it comes to investing. They make it hard on your conscious every single day. From adds displayed on the bottom of the screen to lousy predictions, don’t let the media screw you over. You should always develop your own simple plan and stick to what you know.

Don’t follow every one else’s techniques

Not saying be close minded, but remember you are different from the pack. We all have our own expectations and life “money goals”. How someone invest and what they invest in may not fit your criteria. Stick to your agenda when it comes to investing. Have some morals and dignity about yourself.

Don’t Run with the crew

When you see everyone els running from what seems to be a good deal for you, especially when it’s a company you trust, obviously you shouldn’t panic. Don’t run when the media or close individuals tell you the market is bad and you shouldn’t be investing. Actually, that’s the time you want too invest your dollars.

Doesn’t Make Cents Sunday’s: Sleep Money

“Your biggest regret is not investing in the stock market” – Investors all over the globe

The dumbest thing you could do with your money is not invest. It could be real estate or your own business, no matter what it may be you have to invest. By not investing in the stock market you are losing out on the growth of the economy. If you don’t take ownership with these opportunities you will continue to be a worker (loaner).

You can’t keep trusting these banks that pay you only 1%. You work hard for your dollars and you are worth much more than that. These techniques will not be thought in the classroom or probably from your homes, especially if your parents know nothing about investing. You have to teach yourself and get that financial education before you forever be played by the system.

In order to not to have sleep money, you have to take chances with it and that’s why the Stock Market is key. It allows your money to grow while you are sleep. You earn the money, put a percentage up, and distribute at your own risk and you could possible see some great returns. You don’t have to be the smartest about investing, it is key to keep it simple. Keep it simple to your investing techniques and grow just upon what you know. It doesn’t make sense not to invest in the Stock Market. You have to put your money to work while you are sleep unless you will work all your life thinking you have to work for money.

3 N’s that’ll make you give in!

Negative Thoughts

Don’t let your mind kill your efforts. The brain is so powerful and any negative thoughts that come in could potentially harm you. Your thoughts make you who you are. They guide you to failure or success. You have to be stronger than your mind in order to program your inner self.

Negative People

There is a time we grow up and have to distance ourselves from negative people. No matter if it’s friends, family, or someone you love. If they aren’t bringing any value to your life and keeping your dreams buried you have to let that individual go. Time is valuable and to many of us around the globe has let love and people who we thought was there for us tear down our dreams, vision, and goals. It is important that you let negative people go and stay sucker free. You don’t need those leeches around you sucking all of your energy.

Negative Situations

We all go through these and they can ruin our whole day. Certain situations will get the best of us but it’s smart to relax the brain and think about it first. Life isn’t easy and certain situations can get us down. In order to continue working hard on our dreams, we can’t let negative situations get us down. That could be death, arguments, and just any bad situation, we have to continue to hold on and thrive. Negative situations can’t ruin our expectations about life.

Doesn’t Make Cense Sunday’s: Not Saving for Retirement

“Change how you look at money, save some honey.”- Justin A. Starks

Not starting now when it come to saving for retirement could be your biggest regret. Many people are staying in the street and living in complete poverty because of that very exact reason. You have to learn that the money you make needs to be planted like a seed. No matter the weather, you have to put up more than you make. Sounds unreal huh? Well in most instances it’s not. Overtime through investing your money grows due to compound interest. That allows you to make more than you actually do over the years. Net worth is how much you have not spend or make through out the year. It’s sad that most of us don’t know the difference and think just because we make 40 to 80k a year we are well Financial off. It’s hard to even believe over 60% of Americans don’t have a Emergency fund of 1,000, not alone 500 for car repairs. This is scary and should remind the people that they are one tragic loss away from losing everything. This alone should tell you that probably you should start looking into saving for retirement instead of being a consumer. It doesn’t make any “Cense” not to save for retirement!