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.

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.

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”

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.

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.

Roll the Dice Like Hugh Hefner

“7 or 11 you win. Get a point, hit your point you win!” – Justin A. Starks

When I say roll the dice, I mean go for what you want out of life. Shout out to the legend Hugh Hefner who started his dream off of 600 dollars and a dream, while sitting at his kitchen table with nothing to eat on his plate. I don’t care what route he would’ve took in living his life, but the moral is he lived a life of happiness. Everything he wanted to do was all up to him and exactly in his power. He didn’t let anyone stop his dreams or shatter his thought process. He successfully went after his desires and made his toughest passion come alive.

You have to take action of your life the exact same way. Don’t let anyone tear down what you see as a way of life. Any and every idea could be implemented in this world. Stay focused and keep your eyes on the journey, no matter how tough your vision may be. You are a survivor, warrior, and naturally born go getter. Go chase those dreams. Life is all about chasing and making it happen.

“RIP Hugh Hefner, your magazines got me through many nights as a young boy!”

Contact: Section8Investor@Gmail.Com

Don’t quit just yet.

I know it’s hard out here in these streets. I know money come in and wallah it’s gone. I know how 40 hours a week isn’t even close enough to what you need to survive on the month and that extra job just draining your energy.

I am here to tell you that giving up isn’t the option. The option is taking charge of your finances. Taking charge of the opportunity at hand and staying down for the cause. Learn how to run your income like a business and not just put up with these jobs not having nothing to show for. That’s the quickest way to feel down and depressed Month after month and I just can’t take that lifestyle.

Your solution is simple! Stack, pray, and elevate. Be the leader of where your income go. Stop getting bored and thinking getting up spending money is the only option. Stop eating out every night after work and cook a decent home cooked meal. Let’s start taking steps out of poverty and into this new style of less luxury spending but having more money to invest and build a legacy.

Investing in the Stock Market could put you and your family in a better situation than you had before starting. By staying down and not quitting you get to create passive income for yourself and your family. Let’s learn what many of your teachers, communities, and elders didn’t teach you because they didn’t know themselves.

Contact: Section8Investor@Gmail.Com

Justin Want a Dollar

“When I see money on the stove, I could whip a bowl”. – Justin A. Starks

Money Reign

Money is the subject. To me money is life. Now I am not saying I will sell my soul for it, but it does play a big part in how I see my life headed forward. I do say follow your dream and money will come. Never stress over money to the point that it kills you. Never stress over money to the point you sell out your own kind or the ones you love the most. Always let your purpose be the reason you achieve great amounts of wealth. No matter what you do just make sure it is something you love to do for the money.

Regrets

Don’t let time pass you by or any other hour. Every minute is valuable and you have to know exactly how important every second is to the mission.  Becoming someone with regrets means you wasted a lot of years doing nothing. You were someone who said, “Oh I will do this tomorrow, next week, or when the opportunity is right”. That’s not living at all. That’s what I call dead procrastination.

Foolery behind you

It’s time to leave the foolery behind you and work your magic with your passion. Last week people have died indulging in the foolery. They let the streets or worse situations get to them. If you are the type to let every situation get the best of you then it is time for a change. If you want a dollar you can’t be the same as everyone else and when I say dollar, I mean a huge amount. The type of amount you need everyone in your family to count it all. Stop playing and leave that foolery behind you. It’s time to get a dollar, not another dead problem/partner

Work your Magic

In order to get the amount of money you have always dreamed of, you have no choice but to work you magic. Let go of that comfortable blanket you are always use to and get a new one. Let go of the people who are always there to protect you when you get a baby bruise. Learn how to get up and make your own decisions. We need more leaders, not anymore followers. We can’t keep dodging failures, baby that come with the dream! Time to work that magic and get everything you have always dreamed of. It’s not hard but it isn’t easy. Stop playing and make it breezy!