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!

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 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!

What’s a Dividend Check?

“The Stock Market doesn’t want you to keep it simple, they want you to not invest, invest.” – Justin A. Starks

Investing is a great way to build wealth. For many years it has been a great tool for many successful individuals around the globe. It’s time for you to use it and reap some of the benefits as well.

Today I am discussing how you could possibly make money in your sleep. I am making you totally aware of the Stock Market and how you could receive dividend checks just by investing in stocks you believe are some good.

Let’s imagine you invest in a stock. No matter what that stock was you are fully invested and it pays a dividend. Well, every quarter “3 Months” you receive what is called a Dividend Check. That’s free money from the company you trust that goes to you in a form of a check.

You can either A cash the check and spend it on something you need or wanted or you can B reinvest it back in the Stock Market and let compound interest do its wonderful magic. Your way is entirely up to you, but I have to chose the Plan B.

The more stock you own of the company the bigger the dividend check. Let’s not forget about your stock appreciation growth, return on interest, and capital growth. Even if your stock isn’t doing good for a couple of days or years the company still gives out a dividend check for you being invested with the company.

Let’s not make the Stock Market complicated with all the strategies and terminology. That’s how you get turned off by it and never become that wealthy individual. Keep it simple and invest in companies you know, not what you hear. Only pick stocks that pays a dividend check every quarter and invest. Simple right? True enough.

Money Discipline

It’s hard in this economy but it’s your fault. We have to take control of our income and run our money business appropriately. Think of your yearly income as your first business. You don’t want to lose everything, right? Of course not.

Money discipline is key to getting rich. Many of my peers and even you think it’s impossible but it’s not. It does take close observance of your bank account(s) and budget sheets. This is just the beginning of having the discipline of the rich.

If you can’t manage a measly 20,000 a year to live comfortably then how will you ever be trusted to protect and watch over thousands, millions, or even billions of dollars daily. It’s just not going to happen.

Stated above, I touched up on the root of having money discipline. Those two ingredients are simple – make a plan, execute, and diverse your money into money making income streams. My way is investing in the Stock Market and having a fully funded Savings. If you don’t make money in your sleep then you will forever work for the ones who does.

Money Tips:

1. Budget

2. Spend less

3. Invest

Question: Are you following a budget or being a fool and parting ways with your hard earned back breaking income?

Save First, Spend Later

Most of us pay our bills on time but we don't pay ourselves when it's time. It's time we stop paying others off before we pay ourselves. I mean look at your check stub. Uncle Sam and even the state take their cut every pay period, it makes absolutely no sense at all not to do the same for yourself. If you spend first you are simply throwing yourself under the bus! Plain and simple!

Save More

Saving your income is important. Let me reiterate, saving majority of your income is highly important! What I tell my clients is the more you keep, the more you are close to Freedom. I like to keep it simple with my financial teaching techniques, especially when I am teaching my lovely people in the Black Community. Anyways, by following this simple plan of saving first and spending last you are allowing your future self to enjoy many years of abundance and fun.

A Simple Approach

The simplest way to achieve this is by having a certain percentage taking out of your check every pay period. Now life is hard and trust me, I understand at times we just can't do it, but if we set the goal more realistically in terms of our current living situations we could easily achieve our savings goal. If you don't have a large income that's fine because you don't need one. All you need to do is start off light, meaning low. By saving just 2% or 5 dollars every check and gradually working your way up the ladder you could easily put yourself in a better position, rather than, if you didn't do so at all.

Conclusion

In high certainty, this account should be off limits. This shouldn't even be labeled a "Emergency Fund" or a "Rainy day Fund". You should call it the "American Freedom Account". This account is to help you build wealth and escape your current living conditions. I want you to budget and come up with a plan on raising the percentage and upping the price you pay to yourself, such as a raise or in the form of an advance. Once you master this exhausting but simple money machine technique, then, you are ready to invest in your future and climb the financial ladder!

Question: Do you enjoying saving first or spending first?

Don’t waste your time Clocking In!

“If your Dollars aren’t working, you will always be exhausted” – Section8Investor

You know the saying I don’t get tired by the infamous rapper “Kevin Gates” and how your homies in the hood say, “Sleep is for the broke” or “I’ll sleep when I’m dead”, yes, you guessed correctly! You should never ask them for money advice. Those individuals are usually the brokest as they flaunt their wealth over Instagram, Facebook, periscope, twitter, and other social media platforms.

Clock in your money, not time

By understanding how wealth is generated you are ahead of your peers and probably everyone around you. You now understand that you don’t have to clock into a job you absolutely hate just to make money. Most American workers around the globe have this social belief that clocking in to an underpaid wage job is going to get them rich. That’s completely false! I was once that fool and now I am glad I ran into investing and actually see potential gains in my investments that now I don’t have to rely on a job to take care of me. That’s the problem. People who work all their lives think a job is supposed to take care of them. If that job really cared about you your employer would provide better benefits such as the 401K, pension plan, and designated annually raises. Where is your job when you get sick or have a family emergency? I have even known for some jobs to threaten their employees by firing them for taking a sick day to provide for their under the weather child. This example alone should force you to learn about the value of money and truly build wealth through investing.  

Money isn’t supposed to sleep

The top 1 percent understand that ownership is key when it comes to earning more money. If you don’t put your money to work you will always be a consumer who overspends or a worker who’s trading in life (Eternity) for money. Let’s break this cycle down for a minute so you could grasp the bigger picture being sold for free here. “Your company owns your time. Your company own the business. Your company also owns other companies and investments.” That’s why they’re at the top and you are just another employee. That don’t make your CEO a bad person but he/she understands you will never find out the secret to building wealth. Wealth isn’t about money, not at all, it is about owning and that’s the difference between the top 6 percent and the bottom 94 percent. Your money isn’t supposed to sleep, if it does you will continue to stress over more money and drag your life deep into debt, which now your money is in a so-called deep sleep and can’t grow or seek a return at all. Leaving you vulnerable to take as much assistance from the government and bring down your own families wealth.

Wake your Money Up

There are only three ways you could become wealthy in America. That’s through Investing in the Stock Market, Real Estate, or Entrepreneurship. If you are not associated with any of the three you will forever be playing the game of cat and mouse, and you don’t want to be the cat or the mouse (Tom and Jerry). There are many platforms out here to get started on your financial journey. Let’s wake that money up and put it to work so you could live the life you always wanted!

Created By: Justin Starks

Question: Do you really understand your purpose is to find your true meaning within this world? How could you possibly know if all you do is trade your time in for money?
 
 

Switching Sections: “The Net Worth from Paycheck Mind Adjustment”

“Pay check to paycheck; leads to infinite death, let's build that Net Worth.” – Section8Investor
 
In my last blog, “Never knew the Difference: Income vs. Net worth” I preached the difference between Net Worth and Income and how important it is for you to understand. In this blog I will preach the meaning of building your net worth with better understanding and real life examples. Hopefully, I could persuade you to be on the road of awesomeness, when it comes to you and your finances.

Net Worth, Less Work

Building your Net worth give you the authority to do as you please and not stress as much. Building your net worth will allow you to open many doors for you and your family that are beyond measures. By allowing your net worth to grow you are allowing your brain to signal better brain frequencies, when it comes to creating and owning. A paycheck to paycheck mentality will only have the mindset of next Friday (Payday), or that check that comes in at the end of the month.

When switching from the paycheck mentality you are constantly developing, excelling, and using your brain to find better opportunities for growth. You now understand you are not entitled to go to a job you hate and work until you are 78 years old, from your death bed. You understand the difference of working for money and money working for you. It is better to understand this life value before it is too late. Seriously, best believe if they could work your useless body from the grave, they would because they know you will never understand this vital concept.

Increasing Thy Net worth

There are many wonderful ideas out in this world to significantly increase your net worth. It all starts with you! Your capabilities to strategically plan your next money move. In order to start increasing your wealth you have to eliminate debt off of your list. I firmly believe taking care of your debt is a number 1 factor when trying to build wealth.

“Ex. Tommy makes a 100,000 a year. Tommy likes going out and living lavishly. Tommy spends 89,000 a year on vacations, women, and boats. Tommy now has no source of income because he was laid off from his job. Tommy now has no money and is 300,000 in debt. He also has no capital or real value assets. Tommy is flat broke to square one.”

If tommy followed these simple life secrets of paying debt, living frugal, saving, and investing, – he would be way ahead of the game some years ago. This is why paying debt and not getting sunk in by the impression of impressing people who barely like you is important.

The Secret Stash

One starting point on your way to a bigger and better Net worth is having that “secret stash”. Some call it the emergency fund, life savings, or etc. My best advice for the secret stash is simple, “Out of mind, out of sight”. This allows your money to be debited into your secret account without looking, before you take anything out of your weekly check.

Ex. “Jacob has been making 30,000 a year working for the local school. Jacob is worried the school will have another job layoff so he thinks of great ways to end his spending habits and saving more money. Jacob has an idea and a bright future. Jacob open a “Secret Stash Account and puts away just 10 percent of his income every paycheck. He did so for 15 years passing his income and living stress free. Good to know, the job lay off never came and Jacob was now investing and purchasing his first home.”

Spending less

One who is living on less than they possibly earn is a “Frugal One”. Being frugal is a great way to build your Net Worth. Keep in mind all your spending buddies will talk down on your practices and try to drag in living overly spending hell. Be cautious and stay true to yourself. If you can’t go out because you are on a budget, then absolutely don’t do it. Remember, a frugal lifestyle doesn’t have to last long.

Best Wishes

In order to make a change from your environment when it comes to money you have to adventure out. All advice isn’t good advice, even if it comes from the ones you love and trust. You have to become self – educated and entitled to learning the game and growing. Your Future self will thank you if you stay down. Build your net worth and relax because your stress levels will decrease when you know you money is working in your sleep.

Question: Is your Net Worth important to you? Do you even care about your finances and having full control of your life?
 
 

Never knew the Difference: Income Vs. Net Worth

"These disparities can be explained only by the multigenerational legacy of racial discrimination in mortgage lending, employment, and access to capital for enterprise development." – Chuck Collins

"This pisses me off, so I am going to teach you (my people) everything I can to see the changes in Wealth Inequality, even if it consumes my hard earned time." -Section8Investor

Today, I am going to help you understand the difference between Income Vs. Net Worth. Many people in the Black Community seem to not have a functional understanding of this as we spend ferociously without building our nest eggs (Net Worth). It's even more crazy that we are on the bottom of the list underneath Hispanics in most cases. I love hispanics, but they aren't even from our country and receive more (better) opportunities than us (blacks). We have to understand this racial gap is a big issue. If not you, then please teach your kids, so the next following generations could build upon the knowledge and wealth.

Income

Your income is your yearly income you make from your job. Unfortunately, you could lose that job and everything you own if you don't have a healthy savings (talking from life experience). I prefer 10 months of your living expenses saved for extra comfort. You have to understand if you rely only on one income you are bound to fail in this economy. You must use that "powerful wealth building tool" as a way out of your current situation. You don't have to be broke forever. You too can reach a high Net – Worth.

"If you don't learn how to make money while you are sleep (Net-Worth), you will work for money until the day you die (Income)."

Net Worth

Net Worth is how much you own after your debt is taking away. So, if you have 0 in Net Worth built up and a debt balance of 54,000 congrats because you are in the Negatives (Red), and probably don't have any good judgements with money. Pause! If I sad that with ease about you what do you think majority of the white race say about us when it comes to money management! They are laughing they're assess off! This has too change for the betterment of our communities.

Moving forward, net Worth is the amount of money you have in your possession, in plus everything you own that has significant value. This could range from Real Estate, Investments, Savings, Cars, and Business Corporations that you own. As your net Worth builds it shows you are doing great financially. You have to fully understand your income is not your net worth. It doesn't matter how much you make in a year, if you don't build your net worth and put your income to work you will be poor.

Question: Are you building your Net Worth, or are you relying on one Income? Black Community, I need a answer Pronto! Our communities and generations depend on us to figure it out.