It'$ My Money Blog - IT'$ MY MONEY™

What is Trading? How Do I get Started?

2/23/2022

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Trading stocks sounds like a taboo subject. If you aren't a finance guru or a daily businessman on Wall Street, you might be wondering... how are everyday people trading and making money? You see the tickers on the news and maybe even hear of those apps on the phone that make it easy. I'm going to give you a brief overview on what it is and where you can learn- so you can start making money ASAP.

Building Wealth And Financial Health

2/21/2022

A few years ago, the average person was satisfied with securing a good-paying job with benefits. We now understand that it is no longer an option to have one income to achieve financial freedom. Having multiple income streams is just as crucial as having low to no debt, having good credit.

While much emphasis is now placed on multiple income streams, it should not be overlooked that the key to obtaining financial health is by mastering the economic fundamentals. This includes habits like keeping debt and expenses low, focusing on long-term goals and always remaining aware of how much money you actually have.

My Own Reflection: A Black History Month Feature

2/16/2022

As a part of Black History Month, I wanted to write a few words of reflection. Oftentimes during this month, we highlight, remember and honor those who have gone on. Let’s think about the word “history.” The definition is the study of past events, particularly in human affairs. And with that in mind and being a black woman, I thought I would write a little about Patrina Dixon, the black woman who has made and continue to make history.

The Rental Secrets Everyone Needs To Know

2/14/2022

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The thrill and excitement that comes along with renting your own space is satisfying. Fancy, up-to-date, and user-friendly accommodations are necessities for many. They are just as important as the joy that comes with having a roof over your head in a safe location.

However, renting does come at a cost, and in these difficult financial times, getting the most value from renting while saving a couple of dollars comes in handy. Also, lowering your monthly rent once a lease is signed serves to be a bit more complex. However, you can save rent using proven strategies.

Black Business Leaders: A Black History Month Feature

2/9/2022

As a black business owner, it's so important that I am able to reach a diverse audience. In this financial space, education is much more than teaching someone how to save money. Education is reaching those who are held back by continued discrimination, those who don't have access to private education and or simply have not been introduced to financial importance. There has been thousands of women and men of color that have paved the way for our current success. Without these efforts, break aways from traditional norms and challenges to fight institutionalized racism- there would be no diversity within the financial/business world. In honor of Black history month I would like to take this week to highlight black leadership in the business spaces- current and old, as their actions and impact have changed what opportunity looks like for a person of color.

How To Establish Credit For The First Time?

2/7/2022

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Some of the most important decisions we make in life revolve around credit, such as taking out a mortgage, opening a credit card, or securing your dream job. This makes it essential to build a good credit score. I was recently was able to contribute to the Experian #creditchat on Twitter where we discussed ways to build credit. For many people, the new year brings new goals, many of which include improving finances or making purchases that depend on the stability of finances. Having a good credit score is one way to help achieve some of these goals. Let's talk about things you can do to begin establishing credit.

Q: First off, what does it mean to be credit invisible?
Not enough credit history to establish a credit score.

Practicing The Financial Order of Operations

1/31/2022

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Are you working your 9 to 5 job and taking home a paycheck or running your business but still struggling with debt?
Many people are and the idea of personal finance overwhelms them because they feel the financial aspects are compound.
The fact is you do not need to do everything at once, you need to focus on the basics. Lawrence Delva-Gonzales shared these basics us in the episode 92 of The Money Exchange Podcast. I am sure you have heard them from every financial expert you know to a financial blog or social media post.
Lawrence filled us in on the aspect of The Financial Order of Operations. It requires one to do the following:

Decrease their expenses
Increase their income
Make an investment

Black Owned-Banks: A Black History Month Feature

1/30/2022

As a woman of color in business, I prioritize diversity in all aspects of my life. For the black community, we must invest our money into these banks to slowly close the wealth gap and continue educating the youth and underserved communities. Even if you are looking to support the community as an ally, this is a great way to get started. Let's talk about how you can begin getting involved with black-owned banks, why you should, and resources for you!

Tackling that Holiday Debt #creditchat

1/17/2022

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Enlightening people on how to save and when to save is one of my passions. I recently was able to contribute to the Experian #creditchat on Twitter where we discussed planning to tackle holiday debt. As we enter the new year, some of us are still feeling those holiday purchases. The holiday season is always fun, but the after-effects on our bank accounts… not so much. If you don’t pay it off, you end up having to pay back more and creates more stress on you for the following year. Let’s talk about five things you can do starting now:

Navigating Student Loans

1/17/2022

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A part of my business and passion is speaking to the younger generations about money and saving, usually children K-12 and even college. A big question that comes up when speaking to high school and college kids are student loans. If you’re a parent reading this and you have a child, I’m sure it looms in the back of your mind when that day comes. Student loans are a hard thing to navigate with parents- let alone on your own. Some of us STILL are struggling to pay them off or wish we would’ve done something different. This week I’m going to break down the real basics of student loans so you can begin to understand some of the options that are available to you.