BIG FACTS!

BIG Fact #1

About everybody sucks at money…….  

– This means everybody shouldn’t be giving you suggestions about how to spend and what to do with your money. This is how I will explain it to you. If you grew up in poverty, it probably isn’t the best idea to take advice from anyone inside your community when they say go and buy a brand new car or a new couch from Mrs. Kelly. Live like no other now and sacrifice the urge to consumer spending, just to live like no other in the near future, while many people are still playing the famous game of Cat-Mouse.

BIG Fact #2

Getting rich to retire only takes 10 years……

– Many people will say this is false, but I have done too much research to even think any other way! There are people out there who could leave the workplace anytime of the second if they wanted too! Even if you wanted too you could still work afterwards, but it feels 110% better doing it because you want too not because you have too!

BIG Fact #3

Work is better when you don’t need the money…….

– This goes back to BIG FACT number 2! Would you love too work knowing you are already financially set? Knowing you are just adding on to your net worth and enjoy the work you do? YES, I KNOW YOU DO! Instead of dragging your feet in the morning after a long night at a job you hate, you could wake up in the morning with some dignity. With the world in your hands and your future at your fingerprints. You would be possibly clocking in because you love your career, not because you hate it!

Focus on Net Worth, Not Working Income!

Income and net worth have two different meanings. Income is what you make Yearly, hourly, and biweekly. Just because you make more on the job doesn’t mean you are wealthy. Yes, you may be able to spend more but many who think Income is the way to wealth doesn’t know how to value their resource (money). net-worth is highly valued by the rich. They tend to not focus on how much they on the job but seek fulfillment in building their net-worth. They understand jobs don’t last forever and one way to retire with dignity they seek appreciating assets.

Many times I hear friends, family, and coworkers brag about how much they make at their jobs, but when it all falls down they don’t have anything saved to last over. This is a terrible way of handling your income and it will keep you poor forever. This mentality will never get you out of your poor habits unless you change.

When on your job instead of being happy about how much you make, ask yourself are you happy?! Ask yourself what are ways you could build your Net Worth while in your occupation of choice. You will feel way better going to work if it is something you love and you have a growing protected net worth, knowing you are building wealth. Seek opportunities while employed so you won’t have to be employed forever. Challenge yourself to think of ways to add value to your accounts instead of burdens to your wallet.

Question: Do you value income (wages) or net worth (wealth building)?

Section8Message

“America Claims all you have to do is save just about 3 to 6 percent of your income to get ahead.” -HOLY JESUS

Before I nag on the recommended percent let’s talk why this is an bad idea:

1.) Hey you, save 3 percent and spend the other 97!

2.) Hey you! You can just save 3 percent and buy that Brand New Dodge Challenger you always wanted! (Being honest, that’s my dream car, but I WILL NOT) 😂

3.) Ahh come on, put up that measly 3 percent like America says and let’s go out of the country, shall we?!!

Now, I can give you many more reasons why this is a terrible idea, but I will stick with the goal of “Retirement”. If you only save 3 to 6 percent of your take home pay, that’s not close enough to retiring even in your 60’s.

The key to retiring early is to save more and eliminate those dreadful unneeded cost (Car Notes, TV’s, Cable, Eating Out, & etc). In America, we think that is impossible, but trust me it isn’t. By saving more (35% – 55%) you are putting yourself further and further ahead of the curve. You are opening doors for yourself and others as you approach retirement and finally doing the things you love even if you weren’t getting paid!

Question: What is your Current Savings Rate Goal?

Facts 2 The Blacks

A lot of us Black Folks didn’t have discussions at the dinner table about saving and investing, so that’s why a lot of us grew up with poor financial habits. We watched our parents struggle and beg for money from auntie nem, now most of us doing the same thing. See you have to educate yourself on finances and break that chain before your kids go through the same cycle.

It’s time we stop dying and leaving our kids with nothing, meaning they have to start over left with no advantage to get ahead, leaving them to start completely over at Ground Zero.

Let’s just hope the nigga could dribble a ball, run a touchdown, or get a record deal, am I right? Oh, let’s don’t put him over here with these Business Men who actually learn about finances and investing in the Stock Market. It is time we wake up or we will forever be left behind, thinking a sport could out beat Financial Literacy.

I know times are rough, but we can still manage to put up for a rainy day and invest for retirement. We have to do better with the income we already have, because if we don’t we will just spend ferociously. Our mindsets have to change and that means through education.

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?