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.

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”

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.