Little things Matter

If you invest 15 dollars of your money monthly in a common stock and based the yearly yield at 7%, including dividends you receive but reinvested in your stocks you could have 85,000 in 20 years rather than just 3,600 in a traditional bank account.

No, you don’t need to be “Warren Buffet” or “Bill Gates” to make it big. You only common sense and less emotions when it comes to investing in the Stock Market. No need to watch the Market daily and wonder when your Stock will go up or why isn’t it going up. You only need patience, time, and a little amount of your money working for you. Learn how to invest and have less stress. It’s never too late until you are old and gray. Then, you have nothing put up for retirement or vacations!

Get it Gone, Student Loan 

Duck, Duck, Student Loans, Get Gone ! – Section8

“First off congrats on all you dummies who took out so much money for bills, groceries, 2016 chargers, challengers, dates, drugs, & new clothes! You now owe all that plus more back in student loans.” – Section8Investor

Anyway, let’s talk about a solution that could possibly get you out of that nasty debt. I call it the student loan challenge. Yes, the Student Loan Challenge ! Let’s not act like America isn’t 1.2 Trillion Dollars in Debt. A whopping 44.2 Million Americans have student loan debt! That number is scary than ever. Also, the graduating class of 2017 owes roughly 35K a piece for their undergraduate degree, let’s not even talk graduate degrees (Masters). The crazy thing is these numbers are steady climbing! How the hell are you even thinking about buying a house or start investing…… different story, different blog. Anyway, that’s why a friendly game of Get it Gone, Student Loan is exactly for “YOU”.

Get it Gone, Student Loan 

I remember after I received my undergraduate degree, I was thinking to myself how in the world am I going to pay these student loans? It was a disaster I tell you an complete nightmare. Unfortunately, in the Black Community we like to hide our money problems and act like we are a part of the 3 percent, so you could imagine how alone I felt while playing this game by myself. Which sucked a**! Well not literally, – but you catch my drift. 6 months after you graduate school, best believe Sally Mae and her corporate assiciates is coming for your soul and everything else you own; No call or heads up, just a piece of paper in the mail with your outstanding balance. Don’t let it get you down, it’s now time to take action and that’s why Get it Gone, Student Loan is the perfect game for you and your broke non-invested friends!

Game Instructions 

  • Preferably 3 or more friends who all have high amounts of student loan debt
  • Set a 1 year goal and a hundred dollar buy in to play
  • Check in monthly too see who takes the lead (Motivational Purspose)
  • Winner who paid the most take home the money (hopefully it goes to student debt)
  • Play again until each of your students loans disappear forever

It will be a challenge but don’t give up. This game will teach you how to handle money as well throughout the course. Student loan debt is causing harmful damage to the economy, especially if you are from the Lower Class. There are other downfall factors you may face already while living in the Lower Economy (unemployment, minimum wage, single parent, & other debt). Don’t let it dry you up, take it by the horn and ring it out!

6 Retiree Financial Regrets

Many times we enter our retiree age with a lot of regrets. We sort of wish we could go back in time with our space machine and change the hands of time. One thing for certain we will never get back is our time. That’s why it is very crucial we are planning for the future even if we don’t see it. I’ll rather be taking the steps now not knowing when my last day on earth is going to be instead of not doing so and living until I am 65.

Here are 6 Retiree Financial Regrets:

1.) Not Saving enough for Retirement !

Must feel great to finally retire and realize you have nothing to support the following 40 years that’s comes after it (sarcastically stated)! This is the problem many of us have when we finally leave the work force. I couldn’t tell you how many times I have seen the elderly cry because they found out they still have to work a job way after retirement just because they didn’t have enough to live on. Social security only gives so much and the pension we have known years ago is also deteriorating only being 34 jobs that still has it in America and they are currently finding ways to get rid of. Hell, even the military finding alternate ways for pension plans starting the upcoming year (2018) with TSP Options. You have to save and invest in your retirement vehicles now.

2.) Not Saving enough for Emergencies !

Knock, knock! Who there? Bank account! Bank account who? Bank account with the low savings amount!

I know corny right? Seriously, saving for emergencies is vital when you are living on your on and have responsibilities to handle. Americans just don’t save as we trail our countries who pay more in taxes and have way less opportunities than we have in this rich country. In fact, less than 69% of Americans have a 1,000 saved for emergencies. That tells me that when a tragedy happen far as getting the car fixed, pipes fixed, and bills paid we are steadily stressing and dragging ourselves in more debt. By not Saving enough for Emergencies we are setting ourselves up for failure every time. Your emergency fund need to be at least 3 to 6 expenses stashed away for a rainy day!

3.) To Much Student Loan Debt !

We all know Student loan debt is steady climbing throughout America. With its 1.4 Trillion Dollar debt spread among 44 million college graduates it is safe to say many are doomed. With high interest rates and low job rates it’s hard to even think about buying a house or paying the debt off. As hard as it may seems it is important to get rid of those student loans. Too much student loan debt could hold you back from building wealth and prospering in your retirement years.

4.) To Much Credit Card Debt !

All I hear is swipe me when I receive a new credit card offer through the mail. I politely open it up and laugh at the interest rates and cut it up. The abuse of credit card debt is real in America as we are heavy consumers and buy, buy, and buy trying to impress everyone except ourselves. Together combined from the states of 2016 we have a total of 765 Billion credit card debt bill owned by Americans in the United States. Must be great to be an American right? That’s why it is imperative you live below your means and stop relying on credit cards. You will never get ahead if all you do is depend on credit cards to get you out of a crisis. You would be paying the debt from your grave or worse your kids will take on the bill. Yes, it is coming to your following generation paying the bill, so why do yourself or family like that?!

5.) Not Saving too Much for Children’s Education !

I firmly believe if you took the time to lay away and have sex to make the baby, it is your duty as a parent to provide everything you possibly can to send that child to college. Not saying you have to pay it all but at least have it to where he or she doesn’t graduate with a phone number (9,999,999,999). You have to save for your child’s education or else it will come back to bite you in the behind or better yet the child’s behind. Their are many investment vehicles you could open up prior to the baby being born such as the 529 College Savings Plan. This is a tool used to make sure your child goes off to college and it gives you tax breaks.

6.) Buying a Bigger House than you could afford !

Law states that your housing bill shouldn’t exceed 28% of your income. No matter if it is rented, financed through a mortgage, and including the bills. Most of us want to live life like the joneses throughout our earlier years and we spend more than half of our wealth on a house we don’t need. We become more and more in debt, have kids, and realize it wasn’t worth the hassle in the end. There are many wonderful cheap houses in America. There is now need to run to a gated community or in the “White neighborhood” as I should call it. May sound biased but this is how we call it coming from the infested ghettos and HUD Housing. Anyway, it is important you tally in your Housing expenses and don’t spend a large part of your wealth on a house that could go down in flames any giving day. Your retirement counts on you to make better decisions.

No Rich Parents; No Assistance 

“Hard times make the toughest Men” -Section8Investor

I was blessed to have both of my parents through my entire life even in the worst environment, but when it came to financial stability it wasn’t the best. Growing up we struggled, and I mean hard. Staying with inlaws (grandparents), cousins, and friends of the family was hard enough on me mentally. Seeing the struggle first hand molded me. It molded me into a kid who found ways to get money without bothering my mother for it.

Not having rich parents, I had to learn the willingness to build wealth differently than others. I went through challenges and many ups and downs. I took many losses and have been completely broke, but didn’t understand why on many occasions. Staying in the ghetto where every corner had a pawn shop or liquor store, I truly didn’t see any wealth solutions in my community. I had to think outside the box and become distant from the majority.

By having this type of lifestyle at the bottom of the barrel it made me strong. I always tell others if you make it from where I’m from you could do anything you wish in this 1 lifetime. People who experience the depths of hell and struggle know how it’s already like to fail many attempts and be in the dark. That’s what most successful people never deal with because they were born into rich successful homes. We know how to respond when tragedy happens, they don’t.

Having great parents, but not rich parents gave me all the leadway in the world to become successful. The struggle and my bad economy gave me all the confidence in the world today to do what I do and become wealthy. Don’t keep your head down no more. Get up, make a difference, and influence.

Ghetto Poverty

We vanished, vanished, and completely vanished under the surface of America! They focused and focused on ways to drag us underneath the social class of America. They left us for poor and worse as before.

Growing up in poverty seemed normal to me. I had friends just like you and everything seemed perfect. I didn’t realize how poor we actually were until I got older and noticed my surroundings. Pawn shops in every neighborhood, liquors stores on every corner, and barely any jobs that would hire us without the right credentials or color skin.

9 times out of 10 if you grew up in the ghetto you are most likely to go through an significant event. Either you will be robbed, kilt, or end up in prison by default. I hate to say it, but the system is always working against the urban community and black families.

One way to defeat the system is to have a financial IQ. Doing better with your money and managing it better will help you ever than before. Yes, we may come from the ghetto where they count us out, but we can change our circumstances. It will not take a day, month, or even a year but overtime we will get through this.

Save the money and buy items with meaning. Ownership is the only key out of the slums. I know because I came from it and reading is key. We make so much money, we just need to realize that’s our power in the 21st century. Got to learn to spend a 20 save a 50.