 What would it mean for readers of this blog if they could retire at age 30? Is that something you think is an unachievable dream or too challenging to execute? Here we explore the story of someone who just did that. She decided when she was 25, that she wanted to retire at 35. She made the required changes to her lifestyle and achieved her dream half the time at 30. Here we explore the story of "A Purple Life" who achieved this feat and will go through her story of how she achieved it How do you figure out the math to retire at 30? So, the first question that needs to get answered is, how does the math work out when someone decides to retire at a certain age? For "A Purple Life" when her partner introduced her to the concept of FIRE (Financial Independence Retire Early) definition from Investopedia, she put it on the backburner for a couple of years. When she reached 25, she finally decided to plunge into this and calculate how she could retire early and live a fulfilling life. At the age of 25, "A Purple Life" was living in Manhattan, making about $65k a year and spending $35k because, as everyone knows, rent in Manhattan is not cheap. Based on her retirement requirement, she calculated she needed to save about 25 times what she was spending at the time, which was approximately $35k. And it was going to take ten years to accumulate that money. Hence, she originally planned to retire at 35. But then she started optimizing her life, which led her partner and her to move from New York City to Seattle. So, they got a better experience and better quality of life for about half the cost. She increased the salary by about $20k just for moving and cut her expenses in half ( as the rent was cheaper in Seattle). After that, she had a couple more job changes, which increased her salary by $20k each. So, the increase in income coming in and keeping her expenses low at $18k helped her cut her time to retirement by five years, and she could retire at 30. How do you prepare and analyze to achieve your goal? So when "A Purple Life" and her partner first realized that they wanted to follow the FIRE philosophy, they had to look at all their life choices objectively. They had first to figure out how to move out of the most expensive city in the world. So they made a spreadsheet and listed every major city along with salary probability, cost of living, rent, sound public transit system as they didn't own a car, and the ability to get jobs if they lost a job. After a lot of analysis, they landed in Seattle, where they could get comparable salaries, the cost of living was half, and jobs were plentiful with good public transit. She also looked online at Numbeo www.numbeo.com to see the available prices and the price differences between New York City and Seattle before deciding. The other thing, "A Purple Life," had always done even before deciding to go down this path was to keep a budget. So, once she moved to Seattle, she tracked her budget closely and saw that she did even better than forecast. She only spent about $18K instead of the $35K she had planned. This change in expenditure was one of the primary reasons she got into retirement at 30 rather than 35. "A Purple Life" used a tool called YouNeedABudget for budgeting. She has been using the platform for almost six years now, and she relies on it and likes it a lot more than Mint.com, which she was using earlier. Budgeting was critical because if she did not know what she was spending in New York, it would have been difficult to calculate when she could retire. The other things are being consistent with budgeting over multiple years. Knowing and tracking it allows you to see the patterns and the exceptions and create a realistic retirement budget calculation. One of the reasons she likes YNAB is that it does not criticize you for not sticking to a budget. It is not about like sticking to a number at all. It is about making choices. For example, if she decides to splurge on a friend's birthday that she just got invited, she should be able to do that. Even if she overshoots by 50 bucks her eating out budget for the month, she can compensate for that by buying fewer new clothes for that month. So budgeting is not about restrictions, but it is about making choices. If you like budgeting using one and paper or an editable document you can find a couple versions here: budget sheets. How did she come up with half a million to retire number? Once "A Purple Life" was able to see that living in the middle of Seattle downtown, she could spend $18K, living a wonderfully comfortable life. She decided to calculate what would be her total expenditure in retirement. She raised her yearly cost by like 11% based on what she read online and came to the figure of 20K on average, each year. So usual baseline to figure out how to retire over 30 years is to 25 times your annual spending. So that is how "A Purple Life" came up with a figure of half a million dollars needed for retirement. This number works for "A Purple Life" and her lifestyle, and it will be quite different for someone else reading this blog. The only reason she is comfortable retiring at 30 with half a million dollars is cos her lifestyle is entirely flexible. She does have a partner, but they have separate finances. So, she is only responsible only for herself. They do not have or want children, do not have a house, do not have a car. So literally, she has no fixed expenses month to month. And that allows her to be completely flexible. Pre COVID, she planned to use her flexibility and travel to Australia, New Zealand, Argentina, and Thailand this fall. That has changed because of the pandemic, but she hopes to use her flexibility and use geo arbitrage the same way she moved from Manhattan to Seattle. If she keeps moving around to different places, she can choose where she is going and can spend a lot less based on the cost of living, say in a place like Thailand. Maintaining a Nomadic Lifestyle “A Purple Life” considers her to be a proponent of Nomad Life, which means not having a place of their own and moving from place to place. She has a partner who is not retired yet but has a remote work schedule, which means he can join her on her travels and still work remotely. They have been doing remote jobs for the past few years and are well versed in that lifestyle. They have been living in monthly Airbnb’s for the past two months, but they are still in Seattle. They are in different neighborhoods and are like slowly moving farther and farther from the life and people they know. These moves are like practice runs and getting used to living in an Airbnb in a city that you know and speak the language fluently is much more comforting than just dropping into Bangkok like right now. Next month they will be moving to Georgia and stay and work in a nomadic fashion from there. So, they are only slowly getting farther and farther away, and then post COVID can restart being nomads around the globe. What were the difficult parts of executing this plan? Creating the financial model and putting in the numbers was the easy part. The tricky part was taking action to make those numbers real. Once she figured out how much she needed to save how long it would take her, she had a reliable roadmap and added a countdown. The hardest was moving across the country away from family to a place where her partner had never gone. She did not know how that would go, so it was a leap of faith and challenging to execute. To find a job on the other coast where she and her partner had never lived, where they did not have any connections, was also really challenging. Continuing her daily work life in marketing because it is very demanding and 70-hour weeks are not even blinked at really. So just keeping that up to get the salary that she had projected for the plan to work. So yeah, it is simple to get the program together. But the steps she took were not always easy to execute.  "A Purple Life" where does that come?
"A Purple Life" is a blog that she started writing six years back and is found at A Purple Life. Purple is her favorite color, and it always has been, and she has been a little obsessed with the color. Since she was about 16, she has been dyeing her hair purple and used to have purple contacts. A lot of her clothing is purple. She had been writing her blog in private for a year, and one fine day while talking to another blogger, she decided to make her blog public. So, she went home to find a domain name for a blog, and she was looking at herself with the purple hair and decided to name the blog a purple life. But a Purple life to her means like a slightly different life, not worrying about what other people will think basically and just doing what you want to do. I encourage you to take a listen to my discussion with A purple life, check it out here: Episode 64 or on any other platforms where you listen to audio podcasts. Get your free budget bundle, which includes 2 budget sheets and a debt tracker.
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 If you ask some people, they will tell you that the key to success is hard work. Other folks might say it is nothing but luck. Those who truly know will point to one thing and one thing alone. You have to have a firm understanding of money and how it works. In other words, you need to know how to make money to have a lot of it. Makes sense when you think about it, right? Unfortunately, many people know absolutely nothing about managing their personal finances let alone how to make even more money beyond just what a paycheck brings in periodically. In this article, we’re going to explain the seven streams of income, what they are and how they work, as well as draw attention to how you can take advantage of these avenues for making money to help yourself lead a richer, more financially secure life. Earned Income Earned income is the money you make from a job, typically in the form of a paycheck. Your paycheck can be based upon an hourly rate, commission, or some combination of those two or even a salary. This is the form of income that most everyone out there is familiar with and that most of us utilize. In fact, it is the primary source of income for the vast majority of people out there. Earned income can also relate to self-employment though, typically, it is more often associated with drawing a paycheck. At its most basic level, earned income means the money you make from performing a job at a certain rate or wage based upon either a contractual, perpetual, or one-time agreement. Profit (from a Self-Owned Business) If you own a small business any profit that you make from that is an income stream. This business could be something simple like running a blog and collecting ad revenue or something more complex like consulting services. Heck, it could even be money that you make with an eBay store. Whatever your business type, the profit drawn from that comes to the owner in a form of income that is not contingent upon an employment agreement of any type. The best way to distinguish this type of income from “earned” income is that profits from a small business typically empower people to be their own “boss.” In other words, you sign your own paycheck when you take profits from a business you own. Interest-Bearing Account Interest-bearing accounts like savings accounts and certificates of deposit are both a form of income as well as a type of passive income. Passive income designates the way in which it is earned. When it comes to money, passive means that the person receiving the money in the form of dividends and interest payments did nothing other than allow another person or institution to hold that money. This applies to savings accounts and other bank instruments as well as securities like stocks. Investors who move enough money into “passive” income vehicles can often find themselves making more passive income than active income - an ideal situation to say the least. Dividend Securities These are similar to interest-bearing accounts in that they are a form of passive investment, but the major difference here is the level of risk involved. In essence, both the principal amount put forward to purchase stock can go up and down as well as any dividend it might pay. While the amount of interest paid on a savings account can fluctuate, most governments around the world provide a kind of insurance to depositors in case the bank goes out of business. This means that most people retain the full amount of money that they put into the bank. The stock market never operates like this. In fact, the amount of money put forward by an investor can go to zero in a heartbeat. Yet there is an upside. As the old saying goes, there is a definite floor at a $0 valuation, but the sky is the limit for the upper number. In other words, stocks can theoretically go up in value forever as long as demand keeps increasing. This is how small investments can become huge fortunes - and all without any active involvement on the part of the investor. Rental Properties Owning rental properties cannot be classified as passive income though some people often make that mistake. The reason for this is that they often become a job in and of themselves to manage - whether by yourself or with a team of people. Related to the profit income stream discussed above, rental properties are not hard to understand from a money-making standpoint. You purchase properties and rent them out to tenants. The money you take in from tenants less any loan expenses, maintenance expenses, insurance, taxes, and other associated costs is your rental income. A simple concept in theory, rental properties can often become one of the more complex ways to make your money work for you. But, for those people who enjoy being their own boss, rental properties are an ideal way to meet a market need and create a stable income stream. Capital Gains Often associated with stocks and investments, capital gains refers only to the process of selling an item for more than you paid for it - or even less, which is called a loss. At its heart, capital gains is the essence of trading. When a trader purchases a certain item from one seller at a certain price, then sells that same item to a buyer at a higher price, the difference between the price the second seller paid and the price the buyer pays to that same seller are known as the capital gains. The process of making money from this difference is known as arbitrage. Sometimes the amount of money made selling an item - stock, widget, house, car, or whatever - is very small but, if done in vast quantities, adds up to huge amounts of cash. This is why some brokerages will buy up shares of stock only to sell them later for a few more cents per share. Capital gains take many forms but the basic thing to remember is that it is the process of selling an item for more than you paid for it with the difference between the purchase price and the selling price is the gains on your capital. Royalties Royalties are paid to you for work that you completed in the past. This could include a book, song, play, or other types of media that requires a license to use. For example, if you are a skilled photographer, you could put your images up on stock photo websites for licensing to other users. The fees paid to the agency will be shared with you in the form of royalties. This is a passive income vehicle because you are getting paid for work you have already done, sometimes even years before. Hopefully you have a better understanding of the seven streams of income. Some of them are easier to make than the others, but if you have a plan, you may be able to attain all of them. How many streams of income do you have? This is a guest post from Jason Butler. To read all the stories which Jason posts head over to his website, My Money Chronicles. He can also be found on Facebook at My Money Chronicles and Twitter at Money_Chronicles, and he also runs his own FB Group of My Money Chronicles - The Inner Circle. Here are other blogs on starting a small business and side hustles
 In today's world, there are many ways you can give back to your community or those in need. A small encouragement or support from your end may make a lasting impression on someone else's life. Also, as the saying goes, if others' generosity has blessed you in your past, you are obliged to pay it forwardto keep the good karma going. There is nothing more fulfilling in life than helping someone else without expecting anything in return. I was recently a part of many of Experian’s #CreditChat panels and shared my views on paying it forward and giving back. As a Personal Finance Expert, International Speaker, Host of the podcast The Money Exchange and an Award-Winning Author of the financial journal book series, It'$ My Money™. I have been asked several times by Experian to share my views and this one is near and dear to my heart. For me, the primary benefit of giving back and paying it forward is just the joy that comes with the act of helping someone else succeed. The fulfillment which comes with that act far exceeds any tangible benefits. The causes which I support are the ones that align closely with my own beliefs. Some include United Way, YWCA, and my church. The act of giving back doesn't necessarily have to be monetary. Even some simple acts of kindness and thoughtful gestures can make a significant impact. The action can be as small as asking someone how they are doing at the start of the day. Sending a kind note to your colleagues, friends, or family and just inquiring about their well being or just reminding them that you are thinking of them. I find that I give back in time and labor more important than anything monetary. Sometimes all that someone needs is for someone to listen to them and that's enough to brighten their day. You can give back directly for charitable causes without breaking the bank. If you would like to be generous, there are multiple ways you can do it, even if you are on a tight budget. You can create or build something which you can then give out to the needy. An example during the COVID-19 time would be creating masks and donating them to the organizations where you can make a maximum impact. Another way would be to feed the homeless in your neighborhood, which again provides a significant effect on a homeless person without having to spend a lot. These are charitable activities that can be done on a low budget and without a lot of pre-planning. I have spent a significant portion of time raising awareness in shaping the spending and saving behaviors of my clients to guide them toward financial independence. I believe whatever the cause is, the best way to raise awareness is by using social media platforms, especially video-based platforms like YouTube. That is where the audience who will be supportive of your cause is hanging out, and you reach them where they spend most of their time. COVID-19 has also put most of the conventional ways of supporting and helping your community on pause or moved to unconventional ways. This doesn’t mean it is not possible, you just have to be safe and social distance and wear masks. Many people are out of jobs, and many small local business owners are trying to save their business. You can help them stay open by buying local and support the jobless in finding new jobs, hire them or contribute to train them. As with anything positive within human endeavors, we also have negative aspects like fraudulent charities and organizations that pop up. The best way to determine if a charity is legit, is to search their track record by researching on Google or the Better Business Bureau website to see their business rating. You can also check who the team members are running the charity and read their financial statements to understand what percentage of your charity goes to the cause and what percentage goes to administrative expenses. Sometimes acts of kindness are a complete surprise and come out of the blue without any warning. The most memorable act of kindness was when my husband and I went out for dinner for our anniversary. We had a beautiful evening and thoroughly enjoyed our delicious four- course meal. When we completed our dinner and asked the waiter for the bill, we were pleasantly surprised. The waiter told us the gentleman seated at the table next to u had paid the entire bill and taken care of the tip as well. It was such an unexpected but beautiful gesture, especially coming on the day of our anniversary. The gentleman that paid asked the waiter not to tell us and he was gone when we found out. One of the areas I focus on is finding ways in which to inspire kids to be generous. I spend a lot of time working with kids on educating them in developing better financial prudence for their future. On my website, there is a free It'$ My Money™ and Sammy Rabbit Coloring Book, which is perfect for kids to have fun while learning that saving is a great habit. In my experience working with kids, I believe that the best way to teach them about giving back is to show them acts of kindness instead of telling them to be kind. The best way to give back and pay it forward is always to be kind, spread love and joy, tip the essential and demonstrate these actions in front of kids regularly.   On The Money Exchange Podcast and in the It's My Money Journal we have explored many stories about individuals getting out of debt, but hearing about someone doing that at Roy's age, is rare. Here we explore the story of Roy Patterson, a 31-year-old who paid off his student loan debt of more than 55K in four years. You will hear about his journey, how he accomplished his goal, how his parents and siblings joined him on this journey, his story highlighted by CNBC's Millennial Money, how he it was also essential in dating and his tips for anyone with this type of debt to accomplish the same. Roy's background
Roy comes from a Jamaican immigrant family, and his parents have been in the states for well over 30 years. Attending college was always a dream, but at that point, he didn't understand how much it costs to go to a 4-year college in America. Roy took out student loans co-signed by his parents and started his journey into debt. At the end of four years, he was about to graduate from college, and he started getting emails from all the loan companies about loan repayment and interests. Initially, he decided to ignore them as he was scared about paying these loans and not having a full-time job. Until the loan companies started calling him and that is when it hit him that he needed to figure out a way to pay off his student loans. Starting the debt-free journey About six months later, Roy got a full-time offer at a large insurance company through their Technology Early Career Development Program, where he was able to bring home a pretty good salary. This stable job gave him the confidence to tackle his loans. One of the first things that he ended up doing was understanding his relationship with money, understanding what a budget is, his student loans, what's different between subsidized and unsubsidized, and how much interest he is paying a month. During the same time, Roy was intrigued by the Suze Orman show, uniquely her segment titled "Can I Afford It." Watching the show, he realized many folks were in a worse position than he was. Suze Orman was starting to resonate with him because she talked to people who were in bad financial situations than he was and was able to provide them with an outlet. So he thought to himself if those people can do it, why can't he do it, and then that's when he decided to get serious about the debt. He brought in his mom, started watching it together, took notes, and made a pact to stay the course. He convinced his mon that they were going to follow the plans, learning together and settling all of their debts. Roy's story is not a straight shot to debt-free living, and there were many twists and turns along the way. Roy started his full-time job in January of 2013. He worked on achieving a debt-free life from 2014 to 2018 which is when he officially finished paying his loans. He paid back the entire $55k. In between, Roy did get sidetracked and discarded his frugal ways in the hopes of living life more. But he soon realized that lifestyle didn't make him happy; what made him happy was to achieve his goal of being debt-free by 30. So he refocussed on his efforts on hunkering down with his plans on reducing the debt he had, that's when it happened and was able to attain the happiness he was searching for by reducing his debt. The debt co-signed by Parents Roy took a look at all his debt: his credit card debt, student loan debt, car debt, and had to identify the biggest thing that was holding him down and how to prioritize the repayment. Student debt came into perspective for two reasons. One is that student debt is not dischargeable in bankruptcy, so it doesn't matter what he does, that student loan debt will never go away besides like some catastrophic issue happening with him. The second and more important reason was that his parents co-signed student debt. So if he didn't pay off those loans, they would be saddled with these debts. Roy also has a younger brother and sister who also went to college, and his parents co-signed on their loans as well. Roy was mortified that if he didn't pay his student loan debt, this would be bad for his parents especially coming into their retirement years. Overall, this was one of the primary reasons for sticking to his plan as he didn't want his parents to pay for or be in trouble over loans he used to get a good education and get a career. Methods to pay back loans So, when Roy decided to pay off loans, the one thing he read was first to pay off your higher- interest loans. Although it was sound financial advice, Roy felt he had to attack his credits based on his psychology. Roy didn't follow that method, but he pursued another methodology called the snowball method. The usage of this method was predicated on understanding the psychology of the mind and what makes you happy. The snowball method makes you start with your lowest balance; it doesn't matter what the interest rate is. You pay that off, and then you work on the second lowest balance, and you go that way until you're able to pay off all your loan. Getting the satisfaction of completing one loan payment boosted his confidence and allowed Roy to continue living his debt-free process. Roy can implement his plan, which is to necessarily forgo any social ideas or anything like that and focus on paying off this debt. But in his journey towards a debt-free life, he changed methods and moved from the snowball to the avalanche method. Roy ended up switching it up because his interest rates for my private loans were far higher than his interest rate for his federal loan. So his federal loans at the time were about 6.5% a year while his private loans were close to 14%. As the private loans were variable, the interest rate was changing every three months and was moving 14 to 14.5% to 15%. Roy had to kind of switch his methods as he could not continue to do this snowball because he is going to be spending a lot more money trying to pay off the interest on these private loans. In the avalanche model, Roy started with a high-interest loan paid those off and then began to work on the next loan with the lower interest. CNBC Millennial Money Program Roy had watched CNBC for eight years since he graduated from college. Within CNBC in their "Make It" section, which is their college or the young millennial version of CNBC, they have a program and a column called Millennial Money. Millennial Money is a program with an interview series profiling millennials in different cities and at different income levels about how they make, spend, and save their money. Roy watched it over a year and reading through the blogs and getting a lot of insights. He has always believed, and told his family and friends, that he would be a good fit for the program due to his unique story. After getting a little bit of encouragement, he went on the CNBC Millennial Money website and sent them an email about his story. Surprisingly about a month later, they got back to Roy, stating they were interested in featuring him on their program as well. The CNBC team decided they wanted to come to Philly and film a segment on Roy. From initial contact, in November of 2019 to about February 2020 when formalities were completed to March 2020 when the shoot finally happened. The CNBC team started shooting and putting Roy's story together. One of the things Roy was afraid of is that once he signs the waiver, he would lose all creative control, and he wasn't sure how his story would come out. But to Roy's surprise, when he saw the final video when it came out the video, and the article conveyed everything that he wanted to say. The CNBC team stayed true to their initial discussion and covered the story in a way that highlighted the areas of hard work and perseverance which Roy wanted to project. The reaction to the Millenial Money program featuring Roy's story has been phenomenal. Many people came back to Roy, thanking him for telling his story. Many people have come to him and shared their similar experiences, and it inspires them to do it as well and become debt-free. He got umpteen messages to thank him for doing the program and putting the story forward of someone that looks like Roy and sounds like Roy and comes from his background. It is more relatable to many people and lets everyone know that is possible. He has inspired many to start their debt-free journeys and inspiring people to lead and stay the course on their journey. Helping others One of the things that Roy loves to do is helping other people. Roy spends a lot of his time working with people who don't have that support system like he had and helping them accomplish their dreams and goals. So sitting with them, consulting with them, and trying to understand the relationship with money and what they can use to put a little bit of rigor and a little bit compassion into what they do. Roy also runs a financial literacy program at work, where he, with a partner, created a curriculum for new hires, so they understand what taxes are and how to budget, and then how to make prudent financial decisions. Along with that, Roy also works with students middle school, high school, college students about student loan debt, credit cards, and things like that to give them an idea of what you know what's coming. Roy tries his best to give back to the community to provide support when people don't have that because, again, he was very fortunate, and he knows that. Roy is lucky to have a two-parent household, which gave him all the support and guidance that was needed. Roy's goal is to provide that and be the sunlight for someone who may not have that same support that he had. Parting Thoughts A quote, Roy believes in wholeheartedly, is that "Money doesn't make who you are. It only brings out the good or bad quality that's already in you". And what Roy means by that is that money is excellent and allows you to do things you want to do. Still, it also will bring out the positive quality you feel like, such as perseverance. But, it can also bring out the negative side in you, like jealousy and things like that, so Roy always wants to let people know that money is great, but don't let it ruin your life. Don't let it be the end all be all as money only allows you to do the things that you do want to do. That's what Roy wants to let people know is now that he paid off his loan, but he is still the same person that he was, you know, ten years ago, 15 years ago. The second piece of advice for people is to stay focused, stay the course, and see that you're going to have missteps, Roy had failures along the way nothing was easy, he believes he took two steps forward and then took ten steps backward, but he never gave up. Don't give up, keep on going, keep grinding, talk to people, and get there. Roy Patterson dropped some knowledge for all of us. To hear the full interview, listen to the podcast. Roy is also a Financial Facilitator on the It'$ My Money™ team. Feel free to comment here if you are interested in engaging to discuss financial literacy, paying off student loans and debt-free living. Need a debt tracker and budget sheet, check out our freebie page. Interested in financial coaching reach out to our team CONTACT  Homeownership is something many dream of and many are about to start the process of making it a reality. For most it is a 15 or 30 year commitment so ensure you have as much information as possible before signing on the dotted line. Over the last several weeks se covered several terms to know when purchasing a home in the It’$ My Money Squad. This gives you a sneak peek into terms we covered when preparing to buy a house. I also hope you love the graphic as much as I do as it consists of the terms in the shape of a house.
Choosing a Real Estate Agent: A good real estate agent is a critical in the home buying process. Real estate agents can provide:
Tips:
If an agent consistently shows you hours outside of your budget be concerned. That said, an agent may show you ONE house outside of your budget by way of comparison or to do a reality check but that is it. Searching for a home: When searching for a home create a list for must haves or show stoppers. Also, include "would like to haves" and a space for comments. Ensure you share the list with your real estate agent AND bring a copy of the list with you each to each home visit. Literally check the items on your list while you are there. When you try to do it afterwards, you forget and it is hard or compare. Pre-qualified vs pre-approved: A couple others steps in the home buying process is pre-qualified and pre-approved. These terms are often used interchangeably but are different. Here is a quick definition for each.
Be sure YOU can afford the house and the other things you enjoy doing regardless of the amount shown on either. Asking prices: The asking price is the amount the seller is “asking” for the property you are interested in buying. Often times buyers want to know “should we offer the asking price” or “will they accept a lower price”. Well the depends. How long the house as been on the market? What price have other houses recently sold for in the area? Your real estate agent can help with that appropriate asking price.
First time buyer grants available (links shared me for informational purposes): Philadelphia, PA giving away $10,000 https://phdcphila.org/residents/homebuyers-and-renters/philly-first-home/ Baltimore, MD giving away $5,000 https://dhcd.baltimorecity.gov/hho/homeownership-incentives New Haven, CT giving away $10,000 https://www.newhavenct.gov/gov/depts/lci/homebuyers/closing_assistance.htm Fairfield, CT giving away $30,000 https://www.fairfieldct.org/content/10726/11008/13302/18250.aspx Hamden, CT giving away $5,000 http://hamden-ct.com/Content/Down_Payment_Assistance.asp Hartford, CT gives away $40,000 http://www.hartford.gov/dds-housing/232-development-services/2282-ho-househartford Carbondale, Illinois gives away $3,000 https://www.explorecarbondale.com/179/City-Funded-Housing-Programs Washington, DC gives away $4,000 or Maximum gap financing of $80,000 https://dhcd.dc.gov/service/home-purchase-assistance-program-hpap Washington, DC teacher next door $4,170 https://www.teachernextdoor.us/Washington-DC New Jersey gives away $10,000 https://www.nj.gov/dca/hmfa/homeownership/buyers/dpa/index.shtml North Carolina gives away 3% - 5% down payment assistance https://ncfhaexpert.com/fha/first-time-home-buyer-grants-in-nc-explained/ This gives a sense of how we are educating in the It'$ My Money Squad. We also have Squad members that facilitated free helpful sessions sharing their expertise such as home owners insurance and staying out of foreclosure. The world has changed a lot within the past three months, first with COVID-19 and then the nationwide protests against police brutality in the last couple of weeks. During these uncertain times, there are many ways you can support black-owned businesses, primarily spending your dollars there. To help in that endeavor, we at It'$ My Money ™ have created a directory of 142 black-owned businesses. These businesses range from categories like Apparel, Beauty, Travel, Health & Wellness, Food, Finance, Consulting, Cleaning Services, and other Business Services. The intent is if you are going to spend any dollars in the coming days or months on any of these categories, then use this directory to find Black-Owned businesses. We only complied the list of those who sent their information, this is not an endorsement Black Owned BusinessesWe understand that this is not a comprehensive listing of all black-owned businesses, but our attempt to help you in spending your dollars appropriately. We are open to receiving more submission to add to the listing, as this is just a start SUBMIT A BUSINESS.
We at Its My Money™ enthusiastically help individuals create and maintain a budget, increase savings, earn an additional stream of income, and use credit responsibly. We do this through engaging workshops and empowering one on one settings. Click here for help to get your money in order.
 This small business is getting popular day by day as it needs minimum investment and you may earn extra money easily. The biggest benefit of this business is that you can work from your home, which gives you a lot more freedom. If you want to find potential clients, use websites like Upwork.com and you may choose suitable clients, preferable work hours, and your hourly, daily, or monthly pay rate. 3. Web developing
There are nearly 4 billion people who use the internet in the world. So you can redirect a great percentage of this massive online population into your existing small business if you have a website. Approximately 6 out of 10 small businesses maintain a website. So, if you do not have an existing small business, it is still very important to learn web development skills to meet the huge demand for building and upgrading business websites. You may start your business by creating and developing websites for your family and friends and brush up your skills. New business owners always search for great coders to make their websites cool and trendy. They also want their website should load easily and fast to increase the user experience. You may start your career by offering competitive prices for your services. Once you get some popularity as a good coder, you may increase your prices. Don’t forget to create a website for yourself and showcase your work over there, it will help you to build a strong profile as a coder. Being a web developer you should gather basic coding skills in computer languages like CSS, HTML, JavaScript, and Java. For that, you may learn coding and programs from several free or cheap online courses. Check-in your locality or search online for good and cost-effective classes to learn web development. Improving business will be easier if you also improve your skills. So, you also need to update yourself with different, new techniques of web development and improve yourself. 4. Bookkeeping services Do you have good knowledge about maths and accounting, and also want to work from home? If yes, you may start providing remote bookkeeping services. As a freelance bookkeeper, you don’t require to be a Certified Public Accountant. But, your skills should be up to the mark to support your customers. You should know about modern accountancy, tax laws, company laws, and other required subjects. Some services you may offer include:
5. Freelance secretarial services This is somehow a similar concept to virtual assisting. You may provide secretarial services remotely to business executives or companies. You might require some special skills to get the job. Those skills may include:
6. Travel consultancy services If you are passionate about traveling and you are always updating yourself with the information about best locations, best hotels, cheap airline tickets, best deals on tours, then you have a great potential to become a travel consultant. This business is all about making good connections and gathering info regarding best deals on the best services. So, you have to use the internet, search hotels, call them, and make contacts. You not only have to negotiate with people interested in travel, but also with the hotel owners, cab owners, and lots of other people who will provide the best services to your travelers. Once you are set with the contacts, make sure you start by helping your family and friends to get the best travel deals. This way you can check all the services and get the most genuine feedback from your relatives and friends. If the arrangement proves good, you will also get popularity without spending a dollar on promotions. In most cases, people who save money for holidays and vacations, trust such service providers through the word from their close ones. You may opt for certification in travel consulting if you take this business seriously. You may also need to create social profiles for your travel consultancy business on platforms such as Facebook, Twitter, Instagram, LinkedIn, and share information via your website, or forward great deals on WhatsApp. Once you become a popular name in this business, negotiate with service providers to offer exclusive deals for your customers. Guest Author Bio: Patricia Sanders is a professional content developer and a regular contributor to debtconsolidationcare. She specializes in the financial niche and is well known for her unique financial tips that can be very effective. She always tries to help people, suffering from financial hardships, through her writing. Her continuous effort has earned her recognition and honor in the financial blogging industry. Besides writing, she loves to travel and gather information on various financial topics. To get in touch with her (or if you have any questions regarding this article) email at sanderspatricia29@gmail.com. Need a personal finance coach? Try It'$ My Money  The world has changed a lot within the past three months, first with COVID-19 and then the nationwide protests against police brutality in the last couple of weeks. During these uncertain times, there are many ways you can support black-owned businesses, primarily spending your dollars there. To help in that endeavor, we at It'$ My Money ™ have created a directory of 110 black-owned businesses. These businesses range from categories like Apparel, Beauty, Travel, Health & Wellness, Food, Finance, Consulting, Cleaning Services, and other Business Services. The intent is if you are going to spend any dollars in the coming days or months on any of these categories, then use this directory to find Black-Owned businesses. We only complied the list of those who sent their information, this is not an endorsement. Category : Accessories Business : FILTHY.HAUTE.CHIC., LLC. Owner : LaKeta Johnson Website FB Insta Business : AlmaRose BagsOwner : Almashea' Spotser Website FB Insta Business : Del Marcielle’ Accessories Owner : LaToya S. Pryor Website FB Insta Business : R. Burnett BrandOwner : Richard Burnett Website FB Insta Business : Beautiful Curly Me Owner : Evana Oli Website FB Insta Business : Aware of My Value Owner : Marion Harper Website FB Insta Business : D'Mali By Kisha Dmali Owner : Kisha Damali Business : Stationery For Lovers Owner : Kisha Damali Website Insta Website FB Insta Business : Mikole Gifts for AllOwner : Mikole Montgomery Website FB Insta Business : A Scent Story Candle Co Owner : Leslie Vallery Website FB Insta Business : Villie Owner : Kim Jolasun Website FB Insta Business : MoinasiaShopOwner : Manasa Magona Website Insta Business : The LimeLight CollectionOwner : Ebony Daniels Sanon Website FB Insta Business : Deserved Happiness Owner : Grace Cantrell Website FB Insta Business : The Trendy Clutch LLCOwner : Angelica Renee Website FB Insta Category : Apparel Business : Shanta's Vintage BoutiqueOwner : Shanta Terry-Samuels Business : Black University, LLCOwner : Tyshia Lene’a Website FB Website FB Insta Business : J. Brooks BoutiqueOwner : Jessica Brooks Website FB Insta Business : The KRIVE ShopOwner : Karla Rivers Johnson Website FB Insta Business : Swavy ShoetiqueOwner : ShaDawn Fleming Website FB Insta Business : Adorbs by AmariaOwner : Cheri Felton Website FB Insta Business : Beam BoldOwner : Audra Gordon Website Insta Business : Natural & Fit DesignsOwner : Tara Taylor Website FB Insta Business : By Iman AkilahOwner : Iman Ingram Website FB Insta Twitter Business : Single Dope +SavedOwner : Nelle D Website FB Insta Business : Mom RedefinedOwner : Gerrikka Bunche Website FB Insta Business : Freshman Fun BoxOwner : Peachi Williams Website FB Insta Business : The HBCU BoxOwner : Peachi Williams Website FB Insta Business : I M HBCUOwner : Peachi Williams Website FB Insta Business : Tropic Lux BoutiqueOwner : Alexandra Gatlin Website Insta Business : Threads by K. TrimbleOwner : Keniesha Trimble Website FB Insta Business : Zazzy Kreations by KZOwner : Kwandra Zeigler Website FB Insta Business : JoSaBiOwner : Dafra Website FB Insta Business : Hood Adjacent TeesOwner : Patricia Watson Website FB Insta Business : WirequeenOwner : Michelle S Hawkins Website Insta Category : Author Business : Terri TeachesOwner : Terri Hunt Business : Exposed Books PublishingOwner : Leslie Crawford Website FB Website FB Insta Category : Beauty Business : By Him For HerOwner : Derickus Crawford Website FB Insta Business : Madams Beauty Supply Owner : Demetrius & Latoya Chamblee FB Insta Business : Glossy Diva Cosmetics & Supplies, LLC Owner : Sharla Weaver Website FB Insta Business : Styles of GraceOwner : Kellee N. Herbert Website Insta Business : Astarie ApothecaryOwner : Astarie Dennis Website Insta Business : Amnesty Cosmetics Owner : Crystal Coleman Website FB Insta Twitter Business : Cobalt Honey SkincareOwner : Alycia Washington Website FB Insta Business : Zandra BeautyOwner : Zandra A. Cunningham Website FB Insta Twitter Business : Zen in a Jar Owner : Dr. Nikki Brooks Servers Website FB Insta Business : Beauty And A Book Box Owner : Nisha Parker Website FB Insta Business : Scentsational Soaps Owner : Toushonta Hogan Website FB Insta Business : Shai's World Owner : Shaiann Hogan Website FB Insta Business : Sassy G Nailz Owner : Saniyya Hunt Website FB Insta Business : My Beautiful FluffOwner : Brittany Washington Website FB Insta LinkedIn Business : Angelic Soaps and Gifts Owner : Dieshawn L. Holmes Website FB Insta Business : Bailee's Nail BoxOwner : Bernetta Knighten Website FB Insta Business : Bibah SkincareOwner : Angel B Website FB Insta Business : ReignBeauty CoOwner : Brandie Gallien Website FB Insta Twitter Business : MarjaniOwner : Kimberly Smith Business : Keep Glowing,/Pardon My Glow Makeup Academy Owner : Jey Holman Website FB Insta Website FB Insta Business : Essations Owner : Christal Luster-Boynes Website FB Insta Business : Sadiaa Black Beauty GuideOwner : Stephenetta (isis) Harmon Website FB Insta Category : Business Services Business : Cordea Writing Academy LLCOwner : Cordea Reid Website FB Insta Business : She Prints It,LLCOwner : Website FB Insta Business : WeAssistOwner : Sharai Johnson Website FB LinkedIn Business : Techie Virtual Assistant Services Owner : Chada (sha-day) Johnson Website FB Insta Business : Notary ChekpointOwner : Nico Watts Website FB LinkedIn Business : AnnletteredOwner : Andonnia Maiben Website FB Insta Business : I am IT TrainingOwner : Antoinette Miller Business : Inclusive DataOwner : Shaun Glaze Website FB Insta Website FB Insta Business : Knowledge Beyond BordersOwner : Terry Henshaw, PhD Website FB Insta Business : Jobready2deyOwner : Kurtis Tompkins Website FB LinkedIn Category : Child Care Business : Jackson Child CareOwner : Monica Jackson Website FB YouTube Business : Kid Care ConciergeOwner : Natasha Wright Eldridge Website FB Insta LinkedIn Twitter Category : Cleaning Services Business : Gamble Pro Cleaning ServiceOwner : Shanae Gamble Website FB Business : Hall-Guard Cleaning GroupOwner : Calvin Hall and Casey HallWebsite FB Business : Clean Homes DMVOwner : Monique Boyce Website FB Insta Business : A2Z MaidsOwner : Stevie Brewer Website FB Insta Business : Watts Pro-Clean LLCOwner : Nico Watts Business : Higher Level Maids LLCOwner : Terry Levels Website FB LinkedIn Website FB Insta Category : Consulting Business : Cynthia Howard Consulting, LLC Owner : Dr. Cynthia H. Howard Website FB LinkedIn Twitter Business : SMS ConsultingOwner : Shanta Terry-Samuels FB Business : P. Dixon ConsultingOwner : Patrina Dixon Website FB Insta Business : Top Counseling ServicesOwner : Pachuska Vil-Audain FB Insta Insta Business : Business BakerieOwner : Ticora Davis Website FB Insta Business : NRJ Consulting, LLCOwner : Nikki Jones Website Insta Business : From Grief to GrindOwner : Andrea A. Moore Website FB Insta Twitter Business : Kassar ConsultingOwner : Courtney Underwood Website FB Insta Business : Cindy J Cosmetic LabsOwner : Cynthia Johnson Business : Excellence Health Career Center Website FB Insta Owner : Kecia Hayslett FB Insta Business : BrakethruOwner : La-Doniea Nisbeth Website Insta Business : Yes, I Can Help YouOwner : Shayla Burtin Website FB LinkedIn Business : NumagOwner : Julia Ceo Website Insta Business : Raising A Mogul, LLCOwner : Tamara Zantell Website FB Insta Business : The Mauve AgencyOwner : Kia L. Wilson Website FB Insta Business : ENH Media & MarketingOwner : Erica Hunter Website FB Insta Business : T. Marie ConsultingOwner : Tiandra Robinson Website FB Insta Insta Business : Healthcare Strategic Consultants, LLC Owner :Eboni Dotson Website Business : The Write MixxOwner : Peachi Williams Website FB Insta Category : Design Business : Elle Gibson DesignOwner : Elle Gibson Website FB Insta Twitter Business : Platinum KreationsOwner : Katrina Page Website FB Insta Business : Blue Agate CreativeOwner : Jennae Petersen Website FB Insta Business : CHOZEN MEDIAOwner : Liberty White Website FB Insta Category : Event Planning Business : PopBlissOwner : Racquel Kristi Website FB Insta Business : Inner Sparkle Teepee Parties of Coastal Ga Owner : Kaniece Waller Website FB Insta Business : B Posh Events TeamOwner : Brandi Peart Website FB Insta Category : Finance Business : Concierge Financial GroupOwner : Constance Craig-Mason Website FB Insta Business : RW Insurance GroupOwner : Renee Williams Website FB Insta Business : Perspectives Solutions, LLC Owner : Zinnia Adams Website FB Insta Business : King Me Investors LLCOwner : Nico Watts Website FB Insta LinkedIn Business : Credit With KiaraOwner : Kiara Martin Website FB Insta Business : The Master PlaybookOwner : Holly Reid-Toodle Website FB Insta Category : Food Business : Naked Soul CookingOwner : Ashlee Lewis Website FB Insta Business : Tubby's TasteOwner : Danielle Tubbs Website FB Insta Business : Chef Curl ArdeeOwner : Rachel Whitfield Website FB Insta Youtube Business : Great Mornings Coffee & TeaOwner : Kristin Evans Website FB Insta Business : Station 1923Owner : Samuel Williams Website FB Insta Business : Twins' Bakery73 Owner : Saarah and Maryam Kabal Website FB Insta Category : Health and Wellness Business : TMH Behavioral ServicesOwner : Tytannie Harris Website Business : De La Luz Wellness Owner : Jacquelyn Clemmons Website FB Insta Twitter Business : AnnodRightOwner : Dr. Donna Oriowo Website Insta Business : Scents XchangeOwner : Amber Williams Website FB Insta Business : Naturally Me MoringaOwner : Petula Jones Website Insta Business : Eden Wellness Moringa Owner : Dexter Jones Website FB Insta Category : Home Repair Business : Harris Rooter ServiceOwner : Megan Website FB Insta Category : Jewelry Business : Bling’d By KailaOwner : Shiian Ellington FB Insta Business : EkocreashunzOwner : Lisa Denson Website FB Insta LinkedIn Business : Rustic Love HandmadeOwner : Nicole Hypoite Website FB Insta Business : Destiny’s Custom DesignsOwner : Erica Clarke Website FB Insta Category : Legal Business : Hughley Smith LawOwner : Tyra Hughley Smith Website FB Business : The Creator's Law FirmOwner : Ticora Davis Website FB Insta LinkedIn Category : Personal Care Business : Macklin Bath and HomeOwner : Jeanne Macklin Website FB Insta Twitter Category : Publishing Business : The Literacy ShopOwner : Leslie Crawford Website FB Insta Business : Lauren Simone Publishing House Owner : Melissa-Sue John Website FB Insta Category : Stylist Business : R-Image MenswearOwner : Business : All is Fair in Love and FashioOwner : RaeShanda Lockhart Website FB Insta Business : Style by MaliaOwner : Malia Anderson Website FB Insta Business : Devereaux Owner : Dominique DeVereaux Bedford Website FB Insta Twitter Category : Travel Business : DixxiesTravel LLC Owner : Shawnette Dixon Website FB Insta Business : Been There Seen That ToursOwner : Tyra Hughley Smith Website FB Business : Traveling Session Owner : Anthony Jefferson Website FB Insta PinterestInsta Business : Up in the Air LifeOwner : Claire Soares Website FB Insta Business : Been Around The World Travels/BATW Travels Owner : Emily Williams Website FB Insta We understand that this is not a comprehensive listing of all black-owned businesses, but our attempt to help you in spending your dollars appropriately. We are open to receiving more submission to add to the listing, as this is just a start SUBMIT A BUSINESS. We at Its My MoneyTM enthusiastically help individuals create and maintain a budget,increase savings, earn an additional stream of income, and use credit responsibly. We do this through engaging workshops and empowering one on one settings. Click here for help to get your money in order. Business Category: Accessories LaKeta Johnson FILTHY.HAUTE.CHIC., LLC. Web https://www.filthyhautechic.com/ FBhttps://www.facebook.com/Filthy-Haute-Chic-108408620820852 Insta https://www.instagram.com/FilthyHauteChic/ Almashea' Spotser AlmaRose Bags Web https://almarosebags.com/ FB https://www.facebook.com/almarosebags/ Insta https://www.instagram.com/almarosebags/ LaToya S. Pryor Del Marcielle’ Accessories Web https://www.shopdelmarcielle.com/ FBhttps://www.facebook.com/DelMarcielleAccessories Insta https://www.instagram.com/del_marcielle_accessories/ Richard Burnett R. Burnett Brand Web https://rburnettbrand.com/ FB https://www.facebook.com/rburnettcollection Insta https://www.instagram.com/r.burnettbrand/ Evana Oli Beautiful Curly Me Webhttps://beautifulcurlyme.com/ FB https://www.facebook.com/beautifulcurlyme Insta https://www.instagram.com/beautifulcurlyme/ Marion Harper Aware of My Value Web https://www.awareofmyvalue.com/ FB https://www.facebook.com/AwareOfMyValue Insta https://www.instagram.com/AwareOfMyValue/ Kisha Dmali D'Mali By Kisha Dmali Web https://www.dmalibykishadamali.com/ Insta https://www.instagram.com/dmalibykishadamali/ Kisha Dmali Stationery For Lovers Web https://www.stationeryforlovers.com/ FB https://www.facebook.com/stationeryforlovers/ Insta https://www.instagram.com/stationeryforlovers/ Mikole Montgomery Mikole Gifts for All Web https://www.etsy.com/shop/mikmontcreations FB https://www.facebook.com/mikmontcreations/ Insta https://www.instagram.com/MikMont/ Leslie Vallery A Scent Story Candle Co Web https://www.ascentstory.com/ FB https://www.facebook.com/ascentstorycandleco Insta https://www.instagram.com/ascentstorycandleco/ Kim Jolasun Villie Web https://www.genderrevealgame.com/ FB https://www.facebook.com/GenderRevealGame/ Insta https://www.instagram.com/genderrevealgame/ Manasa Magona MoinasiaShop Web https://moinasiashop.com/ Insta https://www.instagram.com/moinasiashop/ Business Category: Apparel Shanta Terry-Samuels Shanta's Vintage Boutique Webhttps://shantas-vintage-boutique-store.square.site/ FB https://www.facebook.com/shantavintageboutique/ Tyshia Lene' a Black University, LLC Web https://www.blackuniversity.org/ FBhttps://www.facebook.com/BlackUniversityInspired/ Insta https://www.instagram.com/blackeducatorsapparel/ Jessica Brooks J. Brooks Boutique Web https://jbrooksboutique.com/ FB https://www.facebook.com/jbrooksboutique Insta https://www.instagram.com/jbrooksboutique/ Karla Rivers Johnson The KRIVE Shop Web https://www.thekriveshop.com/ FB https://www.facebook.com/thekriveshop Insta https://www.instagram.com/thekriveshop/ ShaDawn Fleming Swavy Shoetique Web https://www.swavyshoetique.com/ FBhttps://www.facebook.com/Swavy-Shoetique-2236217776617494/ Insta https://www.instagram.com/Swavy_Shoetique/ Cheri Felton Adorbs by Amaria Web https://adorbsbyamaria.com/ FB https://www.facebook.com/adorbsbyamaria Insta https://www.instagram.com/adorbsbyamaria/ Audra Gordon Beam Bold Web https://beambold.com/ Insta https://www.instagram.com/beam_bold/ Tara Taylor Natural & Fit Designs Web https://www.naturalfitdesigns.com/ FB https://www.facebook.com/Naturalfitdesigns/ Insta https://www.instagram.com/naturalfitdesigns/ Iman Ingram By Iman Akilah Web https://byimanakilah.com/ FB https://www.facebook.com/byimanakilah Insta https://www.instagram.com/byimanakilah/ Nelle D Single Dope +Saved Web https://singledopesaved.com/ FB https://www.facebook.com/singledopesaved Web https://www.instagram.com/single_dope_saved/ Gerrikka Bunche Mom Redefined Web https://getredefined.com/ FB https://www.facebook.com/MomRedefined Web https://www.instagram.com/MomRedefined/ Peachi Williams Freshman Fun Box Web https://freshmanfunbox.com/ FB https://www.facebook.com/freshmanfunbox Insta https://www.instagram.com/freshmanfunbox/ Peachi Williams The HBCU Box Web https://www.thehbcubox.com/ FB https://www.facebook.com/hbcubox Insta https://www.instagram.com/hbcu_box/ Peachi Williams I M HBCU Web https://imhbcu.com/ FB https://www.facebook.com/imhbcu/ Insta https://www.instagram.com/imhbcu/ Business Category: Author Terri Hunt Terri Teaches Web https://terris-school.thinkific.com/ FB https://www.facebook.com/Territeaches/ Leslie Crawford Exposed Books Publishing Web https://www.exposedbooks.com/ FB https://www.facebook.com/authorleslie Insta https://www.instagram.com/author_leslie/ Patrina Dixon P. Dixon Consulting Web https://www.itsmymoneyjournal.info/ FB https://www.facebook.com/itsmymoneyjournal/ Insta https://www.instagram.com/itsmymoney_/ Business Category: Beauty Derickus Crawford By Him For Her Web https://www.derickuscrawford.com/ FB https://www.facebook.com/derickuscrawford Insta https://www.instagram.com/derickuscrawford/ Demetrius & Latoya Chamblee Madams Beauty Supply FBhttps://www.facebook.com/MadamsBeautySupply/ Insta https://www.instagram.com/madamsbeautysupply/ Sharla Weaver Glossy Diva Cosmetics & Supplies, LLC Web https://glossydiva.online/ FB https://www.facebook.com/HairMakeupBySharla/ Insta https://www.instagram.com/glossydiva/ Kellee N. Herbert Styles of Grace Web https://www.shopstylesofgrace.com/ Insta https://www.instagram.com/stylesofgrace_/ Astarie Dennis Astarie Apothecary Web http://www.astariedennisco.com/ Insta https://www.instagram.com/astarieapothecary/ Crystal Coleman Amnesty Cosmetics Web https://shopamnesty.com/ FB https://www.facebook.com/amnestynail Insta https://www.instagram.com/amnesty_nails/ Alycia Washington Cobalt Honey Skincare Web https://cobalthoney.com/ FB https://www.facebook.com/cobalt.honey Insta https://www.instagram.com/cobalt.honey/ Zandra A. Cunningham Zandra Beauty Web https://zandrabeauty.com/ FB https://www.facebook.com/zandrabeauty Insta https://www.instagram.com/zandrabeauty/ Dr. Nikki Brooks Servers Zen in a Jar Web https://www.zeninajar.com/ FB https://www.facebook.com/Zeninajar/ Insta https://www.instagram.com/zeninajar/ Nisha Parker Beauty And A Book Box Web https://www.beautyandabookbox.com/ FB https://www.facebook.com/beautyandabookbox1/ Insta https://www.instagram.com/beautyandabookbox/ Toushonta Hogan Scentsational Soaps Web https://scentsationalsoaps.com/ FB https://www.facebook.com/ScentsationalSoap Insta https://www.instagram.com/scentsationalsoap/ Shaiann Hogan Shai's World Web https://shaisworld.com/ FB https://www.facebook.com/Shaisworld Insta https://www.instagram.com/shaisworldshop/ Saniyya Hunt Sassy G Nailz Web https://www.sassygnailz.com/ FB https://www.facebook.com/sassygnailz Insta https://www.instagram.com/sassygnailz/ Brittany Washington My Beautiful Fluff Web https://mybeautifulfluff.com/ FB https://www.facebook.com/shopmybeautifulfluff Insta https://www.instagram.com/shopmybeautifulfluff/ Dieshawn L. Holmes Angelic Soaps and Gifts Web https://angelicsoapsandgifts.com/ FB https://www.facebook.com/angelicsoapsandgifts Insta https://www.instagram.com/angelicsoapsandgifts/ Bernetta Knighten Bailee's Nail Box Web https://www.baileesnailbox.com/ FB https://www.facebook.com/baileesnailbox/ Insta https://www.instagram.com/Baileesnailbox/ Angel B Bibah Skincare Web https://www.bibahskincare.com/ FB https://www.facebook.com/bibahskin Insta https://www.instagram.com/bibahskin/ Brandie Gallien ReignBeauty Co Web https://reignbeautycollection.com/ FB https://www.facebook.com/reignbeautycoll Insta https://www.instagram.com/ReignBeauty.co/ Business Category: Business Services Cordea Reid Cordea Writing Academy LLC Web https://linktr.ee/cordeareid1 FB https://www.facebook.com/cordea.reid Insta https://www.instagram.com/cordeareid1/ Cher'Don Reynolds She Prints It, LLC Web https://sheprintsit.espwebsite.com/ FB https://www.facebook.com/ShePrintsIt/ Insta https://www.instagram.com/sheprints.it/ Sharai Johnson WeAssist Web https://weassistagency.com/ FB https://www.facebook.com/weassistagency/ Lnkd https://www.linkedin.com/company/weassist-agency Chada (sha-day) Johnson Techie Virtual Assistant Services Web http://www.cjtheva.com/ FB https://www.facebook.com/cjtheva Insta https://www.instagram.com/cjtheva/ Nico Watts Notary Checkpoint Web https://notarycheckpoint.com/ FB https://www.Facebook.com/notarycheckpoint Lnkd https://www.linkedin.com/company/notarycheckpoint Andonnia Maiben Annlettered Web https://www.annlettered.com/ FB https://www.facebook.com/Annlettered/ Insta https://www.instagram.com/annlettered/ Business Category: Childcare Monica Jackson Jackson Child Care Web https://www.mjchildcare.com/ FB https://www.facebook.com/mjchildcare Natasha Wright Eldridge Kid Care Concierge Web https://www.kidcareconcierge.com FB https://www.facebook.com/kidcareconcierge Insta https://www.instagram.com/kidcareconcierge Business Category: Cleaning Services Shanae Gamble Gamble Pro Cleaning Service Web https://www.gamblecleaningservice.com/ FB https://www.facebook.com/Bemoreclean/ Calvin Hall and Casey Hall Hall-Guard Cleaning Group Web https://www.hallguardcleaning.com/ FB https://www.facebook.com/hallguardclean/ Monique Boyce Clean Homes DMV Web https://cleanhomesdmv.com/ FB https://www.facebook.com/CleanHomesDMV/ Insta https://www.instagram.com/CleanhomesDMV/ Stevie Brewer A2Z Maids Web https://a2zmaids.com/ FB https://www.facebook.com/a2zmaids Insta https://www.instagram.com/a2zmaids/ Nico Watts Watts Pro-Clean LLC Web https://wattsproclean.com/ FB https://www.facebook.com/WattsProClean/ Lnkd https://www.linkedin.com/company/wear-tear-janitorial-solutions Terry Levels Higher Level Maids LLC Web https://www.higherlevelmaids.com/ FB https://www.facebook.com/higherlevelmaid Insta https://www.instagram.com/terry_higherlevelmaids/ Business Category: Consulting Dr. Cynthia H. Howard Cynthia Howard Consulting, LLC Web https://www.chconsultme.com/ FB https://www.facebook.com/chc.dcc Lnkd https://www.linkedin.com/in/dr-cynthia-h-howard-8799181/ Shanta Terry-Samuels SMS Consulting FB https://www.facebook.com/SMSMindfulnessCoaching/ Patrina Dixon P. Dixon Consulting Web https://www.itsmymoneyjournal.info/ FB https://www.facebook.com/itsmymoneyjournal/ Insta https://www.instagram.com/itsmymoney_/ Pachuska Vil-Audain Top Counseling Services FB https://www.facebook.com/TopCounseling/ Insta https://www.instagram.com/Topcounseling/ Ticora Davis Business Bakerie Web https://www.businessbakerie.com/ FB https://www.facebook.com/businessbakerie Insta https://www.instagram.com/businessbakerie/ Nikki Jones NRJ Consulting, LLC Web https://nikkirjones.com/ Insta https://www.instagram.com/nikkirjones/ Andrea A. 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Wilson The Mauve Agency Web https://www.themauveagency.com/ FB https://www.facebook.com/TheMauveAgency/ Insta https://www.instagram.com/themauveagency/ Erica Hunter ENH Media & Marketing Web https://www.enhonline.com/ FB https://www.facebook.com/enhmediaonline Insta https://www.instagram.com/enhmediaonline/ Tiandra Robinson T. Marie Consulting Web https://www.tmarieconsulting.com/ FB https://www.facebook.com/TMarieConsult Insta https://www.instagram.com/TMarieConsulting/ Eboni Dotson Healthcare Strategic Consultants, LLC Web https://www.hcstrategist.com/ Peachi Williams The Write Mixx Web https://www.thewritemixx.com/ FB https://www.facebook.com/writemixx Insta https://www.instagram.com/thewritemixx/ Business Category: Design Elle Gibson Elle Gibson Design Web https://www.ellegibson.com/ FB https://www.facebook.com/splendidhabitat Insta https://www.instagram.com/gibsonelle/ Katrina Page Platinum Kreations Web http://www.platinumkreations.com/ FB https://www.facebook.com/platinumkreations Insta https://www.instagram.com/platinumkreations/ Business Category: Event Planning Racquel Kristi PopBliss Web https://www.popbliss.co/ FB https://www.facebook.com/Pop.Bliss/ Insta https://www.instagram.com/pop.bliss/ Kaniece Waller Inner Sparkle Teepee Parties of Coastal Ga Web https://innersparklepartiesga.com/ FBhttps://www.facebook.com/innersparkleteepeega Insta https://www.instagram.com/innersparkleteepeega/ Brandi Peart B Posh Events Team Web http://bposheventplanning.com/ FB https://www.facebook.com/BPoshEvents/ Insta https://www.instagram.com/bposhevents/ Business Category: Finance Constance Craig-Mason Concierge Financial Group Web https://www.conciergefg.com/ FB https://www.facebook.com/ccraigmasonta Insta https://www.instagram.com/officialccraigmason/ Renee Williams RW Insurance Group Web https://www.rwinsurancegroup.com/ FB https://www.facebook.com/RWInsuranceGroup/ Insta https://www.instagram.com/rwinsurance/ Patrina Dixon P. Dixon Consulting Web https://www.itsmymoneyjournal.info/ FB https://www.facebook.com/itsmymoneyjournal/ Insta https://www.instagram.com/itsmymoney_/ Zinnia Adams Perspectives Solutions, LLC Web https://perspectiveschange.com FB https://www.facebook.com/coinscache Insta https://www.instagram.com/the_coins_cache Nico Watts King Me Investors LLC Web https://kingmeinvestors.com/ FB https://www.Facebook.com/kingmeinvestors Lnkd https://www.linkedin.com/company/king-me-investors-llc Business Category: Food Ashlee Lewis Naked Soul Cooking Web http://www.nakedsoulcooking.com/ FB https://www.facebook.com/nakedsoulcooking/ Insta https://www.instagram.com/NakedSoulCooking/ Danielle Tubbs Tubby's Taste Web https://www.tubbystaste.com/ FB https://www.facebook.com/tubbystaste Insta https://www.instagram.com/tubbystaste/ Rachel Whitfield Chef Curl Ardee Web https://www.chefcurlardee.com/ FB https://www.facebook.com/chefcurlardee Insta https://www.instagram.com/ChefCurlArdee/ Kristin Evans Great Mornings Coffee & Tea Web https://www.greatmorningscoffeeandtea.com/ FBhttps://www.facebook.com/greatmorningscoffeeandtea Insta https://www.instagram.com/greatmorningscoffeeandtea/ Samuel Williams Station 1923 Web https://station1923.com/ FB https://www.facebook.com/Station1923/ Insta https://www.instagram.com/station1923/ Business Category: Health & Wellness Tytannie Harris TMH Behavioral Services P.C Web https://www.tmhbehavioralservices.com/ Jacquelyn Clemmons De La Luz Wellness Web https://delaluzwellness.com/ FB https://www.facebook.com/delaluzwellness Insta https://www.instagram.com/delaluzwellness/ Dr. Donna Oriowo AnnodRight Web https://www.annodright.com/ Insta https://www.instagram.com/annodright/ Business Category: Home Repair Mr. Harris Harris Rooter Service Web http://harrisrooterservice.com/ FB https://www.facebook.com/HarrisRooterService/ Insta https://www.instagram.com/harrisrooterservice/ Business Category: Jewelry Shian Ellington Bling'd By Kaila FB https://www.facebook.com/BlingdByKaila Insta https://www.instagram.com/blingdbykaila/ Lisa Denson Ekocreashunz Web https://www.ekocreashunz.com/ FB https://www.facebook.com/ekocreashunz1 Insta https://www.instagram.com/ekocreashunz/ Nicole Hypoite Rustic Love Handmade Webhttps://www.etsy.com/shop/rusticlovehandmade FB https://www.facebook.com/rusticlovehandmade Insta https://www.instagram.com/rusticlovehandmade Business Category: Legal Tyra Hughley Smith Hughley Smith Law Web http://hughleysmithlaw.com/ FB https://www.facebook.com/HughleySmithLaw/ Ticora Davis The Creator's Law Firm Web https://ticoradavis.com/creators-law-firm Lnkd https://www.linkedin.com/in/ticoradavis/ Insta https://www.instagram.com/ticoradavis/ Business Category: Personal Care Jeanne Macklin Macklin Bath and Home Web https://www.macklinbathandhome.com/ FBhttps://www.facebook.com/MacklinBathandHome/ Insta https://www.instagram.com/macklinbathandhome__/ Business Category: Publishing Leslie Crawford The Literacy Shop Web https://www.theliteracyshop.com/ FB https://www.facebook.com/TheLiteracyShop Insta https://www.instagram.com/theliteracyshop/ Business Category: Stylist RaeShanda Lockhart All is Fair in Love and Fashion Web https://www.shopaif.com/ FB https://www.facebook.com/shopaif Insta https://www.instagram.com/shop_aif/ Malia Anderson Style by Malia Web http://stylebymalia.com/ FB https://www.facebook.com/StylebyMalia Insta https://www.instagram.com/stylebymalia/ Dominique DeVereaux Bedford Devereaux Web https://houseofdevereaux.com/ FB https://www.facebook.com/devereauxllc Insta https://www.instagram.com/houseofdevereaux Business Category: Travel Shawnette Dixon DixxiesTravel LLC Web http://www.dixxiestravel.com/ FB https://www.facebook.com/dixxiestravel/ Insta https://www.instagram.com/dixxiestravel/ Tyra Hughley Smith Been There Seen That Tours Web https://beenthereseenthattours.com/ FB https://www.facebook.com/BeenThereSeenThatTours Anthony Jefferson Traveling Session Web https://travelingsession.com/ FB https://www.facebook.com/travelingsession.reviews/ Insta https://www.instagram.com/travelingsession/ Claire Soares Up in the Air Life Web https://upintheairlife.com/ FB https://www.facebook.com/groups/upintheairlife Insta https://www.instagram.com/upintheairlife/ We understand that this is not a comprehensive listing of all black-owned businesses, but our attempt to help you in spending your dollars appropriately. We are open to receiving more submission to add to the listing, as this is just a start SUBMIT A BUSINESS. We at Its My Money™ enthusiastically help individuals create and maintain a budget, increase savings, earn an additional stream of income, and use credit responsibly. We do this through engaging workshops and empowering one on one settings. Click here for help to get your money in order.  All of us have heard stories about the side hustler making money on eBay or other platforms, but never took action or didn't know if it is something still doable in 2020. Here we traverse through the fascinating story of Jason Butler, the blogger behind My Money Chronicles. Jason talks about how he increased his Credit Score within seven months, started his eBay Side Hustle, and currently making $800 to $1,000 a month through eBay and how he uses that money to pay off his debt. Jason believes that anyone reading this or listening to the Podcast can achieve the same results as long as they start. The initial years and journey into debt
Jason's journey started in 2008 when he graduated from Savannah State University with a degree in Business Marketing. But 2008 was also the year when the economy tanked, and as a result, it took Jason a year and a half to get a full-time job. So while sometimes earning as low as 10 dollars an hour, he had to make the difficult choice between paying his rent and cell phone bills or paying his credit card and student loan liabilities. So, he kept falling deeper into debt and racked up almost $72,000 in total by the time 2012 hit. He was paying the minimum amount on Credit Cards and student loan liabilities. Jason did end up finding a full-time job at a bank, which is now Wells Fargo in November of 2009. While he was making a little more money, it still wasn't making enough to reduce the student loans. Jason worked at the bank for a while, but he realized it was not what he wanted to do. Trying to get someone hooked on the debt cycle by offering them credit cards when they only had a few dollars in their checking account didn't sit right with him. He ended up applying for jobs in education and started working initially at a school and then finally moved to a college. Working on his credit score Jason started reading personal finance blogs in 2013 and started his website discussing money issues as a black man. For two years, he ran his website, did some entrepreneurial stuff, and honed in on his financial knowledge. In late 2014 Jason got laser focused about paying down his financial debt, and around that time also attended his first FinCon. He also started picking up jobs as a freelance writer that earned him a good income on the side as well. Once back from FinCon, he got resolved to work on his website; he also started a new job at a University. The first thing he did about his debt was contacting the creditors and telling them he wanted actually to pay. The second thing he did is enroll in a plan where he had to make three consecutive payments for 90 days, and that helped bring everything in the current. The third was to get his credit card balance from the high 70 to 80% of his credit limit to around 30%. When he reached the 30% mark, things started taking off with the credit score going up. From January 1, 2015, to August 1, 2015, he was able to increase his credit score by 168 points with the above three tips. Jason started his journey with over $72,000 worth of debt. He got under $60,000 in 2018, but unfortunately, his car went out. So a new car added another $8,000 to the deficit and made it jump back up to $68,000. Now in April 2020, Jason is almost at $60,000 again. So it's has been a roller coaster journey. But as eBay and other businesses continue to grow, he knows he will be able to have this debt paid off soon. eBay initial days Jason has on and off sold things on eBay since 2009. But in 2016, Jason was sure that the eBay thing was a hustle he can successfully execute and started going to the thrift stores like once a month. One of Jason's initial eBay successes was when he procured from Salvation Army store, a Dwayne Wayde Miami Heat jersey for $3. Jason put it on eBay a couple of days later, the jersey sold for $45, which's a $42 profit. As his freelance writing gigs dried up, he ramped up what he was doing on his eBay side hustle, moving from visiting a thrift store once a month to going there once a week. Jason knew sports, so he wanted to stick to what he knew, concentrating on Jordan shoes, sports jerseys, etc. From there, he moved on to coffee mugs finding coffee mugs for like maybe 50 cents or $1 and selling them for between $30 and $40. In 2019 he opened up his eBay store and is currently making between $800 to $1,000 per month. Platforms for a side hustle Jason has transacted on many platforms for his side hustles and believes there are pros and cons based on the type of merchandise you want to sell. The three best platforms for clothes are eBay, Mercari, and Poshmark. For electronics, it eBay and Mercari (there are many buyers for electronics here and hence is the best platform for electronics). For those looking to sell big items, Jason suggests using Facebook Marketplace or Craigslist, because in most cases, you ideally need to find local buyers for big and bulky items. Also, shipping something big on eBay or is expensive as well as handling and is hard logistically both on the buyer and seller side. Facebook marketplace and Craigslist allows you to find a buyer locally, go to meet up with the person somewhere like a restaurant or police precinct (don't go by yourself), and perform the transaction. Blog rebranding Before 2019 Jason's blog used to be called "The Butler Journal" based on his last name. Although he loved the title "The Butler Journal," no one knew what it stood for. So he decided to rebrand in January of 2019 to "My Money Chronicles." The reason Jason choose the name My Money Chronicles was that it was a story about money, and he believes its one hell of a story and hence "Chronicles." So now, people don't ask many questions cos they understand what to expect from the blog by reading the title. The rebranding process was also not that difficult for Jason. Twitter, Instagram, and Facebook Ids for his rebranded name were all available, and hence he just changed the name from the old account names to the new ones. He didn't lose any of his followers as it was a seamless transition for his readers. He did the same with the email list, sending out reminders on the change happening on January 1. When January 6 came, the site was live with new branding without impacting readership or followers. How to start on eBay Jason mentions the first thing to do is create an eBay account. It's free. Also, if you're a new seller, you have 50 free listings per month. Now, you have to pay a final value fee, which is like 10% and a 3% fee for PayPal. At the end of the day, if you are making money, those fees are a part of running a business. The second thing is to add another site that you want to sell on. Jason's suggestion would be to either do Craigslist or Facebook Marketplace. Next, find at least five items that you're thinking about selling. It can be new but not used by you or something old that you are not using anymore, and they waste space. Take at least ten pictures of the items and get them listed. And then, from there, go with it to selling it and completing the transaction. If you like doing it, continue to add things continue to do research and keep expanding the list of items. When it comes to flipping (buying or cheap and selling on eBay), it's a great time to like flip right now as everybody's at home. Whether they're working or not, they're at home. They're surfing the web, and they're buying as well. Job loss - Blessing in disguise Jason was diligently putting most of his side hustle money into paying down his debt. But just before all the Coronavirus impacts started taking effect, he lost his job at the private university that employed him. So in a way, he made his move into full-time entrepreneurship during the pandemic. But Jason feels that it is a blessing in disguise that happened for the timing. He has been bored during the quarantine, but the business has been booming as well. He has been selling stuff very well for the last four weeks. He had only four days when there were no sales, but other than that, it is a great time to sell things of all types. Jason sometimes sold up to four items within 24 hours. The previous product Jason transacted was a pair of running shoes which he got for free and then sold it for $84.99. Message to Readers Jason's message to the readers of this article is to start and not be afraid to start. The pandemic in 2020 has shown that the world will never be the same again. Take this time to learn a new skill to start a new side hustle, and invest in yourself. No one can be sure how this Corona situation will pan out, so you have to have some side income coming in regardless of your job situation. So start. I felt like Jason was talking to me. So I started. I posted two items for sell on eBay. I was so excited. Then yesterday, a week later, I was scrolling on my phone and received a notification. Yes, eBay notified me that one of my items just sold. More excitement. I messaged Jason right away to tell him about the accomplishment. I also posted my "win" across my social platforms telling people if I can do it, you can too. I am being very intentional about my eBay sales as I have a financial goal to reach by the end of the year and I plan to use eBay, to sell things we haven't touched in a year, to help get there. To hear the full podcast interview: JASON ON THE MONEY EXCHANGE Jason can be found on Facebook at My Money Chronicles and Twitter at Money_Chronicles, and he also runs his own FB Group of My Money Chronicles - The Inner Circle. To read all the stories which Jason posts head over to his website, My Money Chronicles. People over 50 are also interested in Side Hustles. Here are great ideas for those aging gracefully. As the world grapples with Coronavirus or COVID -19, we wanted to share the story of Andy Hill, who paid off more than 195K mortgage in 4 years and increased his net worth by over 900K in 9 years. Andy is an award-winning blogger and podcaster behind Marriage Kids And Money. Pay Off Mortgage How does someone living a regular American family life and earning a monthly salary pay off a 195K mortgage in 4 years? When Andy and his wife got married, they wanted to move out of the bachelor pad Andy had and move into a regular house. They found a beautiful home in a nice neighborhood with good schools, but it came with a considerable price tag. Andy and Nicole made a compromise to pick up the mortgage but with a promise to pay it in less than five years. Until their mortgage was over, they decided only to spend 50% of their monthly income on regular expenses. So they got a 195K mortgage and agreed to explicitly sit down once a month for what they called a budget party. The ability to live on 50% of income enabled them to live like a regular family but still allowed them to pay off the 195K in four years. Budget Party A budget party is a term they coined for their monthly review of the home finances and to understand how they are spending their money, which they started around 2011. They plan out the goals ahead, including financial and family, as well as fun goals like vacations that they want to do in the future. So they take this opportunity to center themselves and their relationship and also plan other things, including what the kids are doing. Changing the language of money Andy discovered early on that he and his wife Nicole had a very different language when it came to money. Nicole is very excited about what money can do for you today, the fun and excitement it gives you, and enables you to have the things that you want. Andy has a very, very long-term view about money in it that he doesn't mind saving, and it makes him happy. But for them to be on the same page, Andy had to learn the language that Nicole could understand and reciprocate. So Andy had to learn to change his language from geek speak to the fun outcomes-based approach to be more in line with how Nicole thought about money, and when that happened, the monthly budget meetings went like a breeze. Net worth realization and progress When it comes to net worth, Andy describes, he never understood what the term net worth meant until he listened to Suze Orman. He assumed cos he and Nicole were earning close to 120K at that time; his net worth would be huge. But when Andy applied the calculations that Suze Orman mentioned, it dawned on him that his net worth was negative 50K. That was a big shock to him as that's when the realization hit that despite all that he owned, he wasn't rich; in fact, he was broke and owed 50K to others. From negative 50K to 850K where his net worth is now, he had an extended 9-year journey to get there and get there the right way. Using the budget party, saving 50% of his income, funneling any extra commissions which came in from his sales role into creating a permanent frugal lifestyle has enabled this success. Andy and his family decreased their expenses one by one, starting with being on this track of paying off the mortgage in less than five years. Then Andy's wife Nicole went full-time stay-at-home mom. She was part-time with the first child, and when the second child came in, she went full-time stay at home, so they had a significant income hit. So they started small like shifting grocery shopping from Kroger to Aldi and were able to save about three hundred bucks a month. They then decided to cut out cable right around the time their second child was born as they were not watching that much TV anyway, saving 80 bucks a month. Then they had a re-assessment of their insurance needs and saved a nice amount of money. They moved to some high-deductible plans that which reduced monthly cost on their health insurance. They also saved by combining auto and our home with the same insurer. They were taking a little bit more the risk, so they were able to save a little bit more money.  Involving future generation
Getting their children (Zoe, who is seven and Calvin, who is five) involved in home finances, helped them inculcate saving habits and hard work requirements in them at a young age. Every Saturday morning, the kids do a chore program, so they come down after they wake up to make a little breakfast, and they have three essential yet kids size chores. The chores could include things like for Zoe to empty the silverware and put it in the drawer or for Calvin to help unload the mini garbage cans that are in the bathroom. The essential little things and they need to do anyway, so they want to show them that it's imperative to help around the house to help your family, but then also you get paid for it. They learn to correlate that when you help out people, you're going to get paid in the future, so we give them a dollar that's equivalent to their age, so Calvin gets five bucks, and Zoe gets seven bucks. Message to the audience The message Andy would like to give to the audience reading this blog is to be intentional with your saving habits. The things that you want to do in life write them down in a journal saying this is the life that I want to have and then look at what are the steps that you can take to get there. Also, please don't be pressured into thinking that you need to get it tomorrow. Andy mentions his story is a 10-year story, and after so many years, he can narrate his story as a success. You have to realize that there are so many steps that can happen under those big goals, and that's the fun part that's the journey. Don't think about the destination, don't think about mortgage freedom or the debt freedom believe in the process. It's going to take time to get there because not only are you educating yourself and making a lot of progress personally, but your kids are watching. So you are modeling some incredible behavior that they are going to then emulate in the future, so enjoy the journey, and that's the fun part. To listen to my full interview with Andy Hill check it out here ANDY HILL INTERVIEW If you would like to read more about Andy and his journey or listen to his podcast Marriage Kids & Money, you can go to https://www.marriagekidsandmoney.com/. |
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