Archive for the saving Category

8 Steps to Keep your Holiday Season Debt Proof

Borrowing money for the holiday season is no misnomer for many American families.  American families are constantly being bombarded with retailer’s advertisements of buying, and fighting the buying temptation can be difficult.  Statistics show that nearly 1 in 10 families borrow money to spend on Christmas gifts and those same families are unable to pay their bills at the end of month in December.  Read the rest at Your black world


Dealing with Financial Stress and Anxiety during the Holiday Season

In these economic times, many individuals are going through some rough financial pressures.  For example, the lost of a job, home foreclosure, or unmanageable debt that keeps accumulating.  Studies have shown that people who are struggling financially during the holiday season experience a much greater burden of stress and anxiety than any other time of the year.

Many individuals who are experiencing this type of stress and anxiety do not realize it’s not because of lack of money.  More money will not change your financial situation if it did, why do 9 out of every 10 lottery winners who become millionaires go broke within 5 years?  What changes your financial situation, is your mindset.   Changing your mindset will allow you to live the life you were destined for, it will allow you to eliminate a mindset of lack and develop a mindset of financial abundance.  Listed below are 4 principles one must master in order to reap the harvest of becoming financially secure:

1.  Learn to embrace the concept of being an abundant thinker

2.  Learn how you can become an abundant thinker

3.  Educate yourself on why the recession has nothing to do with your finances

4.  Learn how to stay motivated in any economy, so you can become recession proof

These concepts may seem esoteric and out of the box for some individuals, but if you’re in a place where you’re hurting financially.  Consider learning something new, it was Albert Einstein who said “Doing the same thing and expecting different results is Insanity”.



The Money Mentor: How Corporations Play with Your Mind at Christmas

In this video I’m discussing the Black Friday and Cyber Monday phenomenon  with Dr.  Boyce Watkins.  Click here at Your Black World to listen and watch.


How to Spend Wisely to Save Money

Have you ever noticed that the things you buy every week at the grocery stores go up a few cents between shopping trips? Not by much…just by a little each week but they continue to creep up and up.

There is a way that we can keep these price increases from impacting our personal finances so much and that is by buying in quantity and finding the best possible prices for the things we use and will continue to use everyday… things that will keep just as well on the shelves in our homes as it does on the shelves at the grocery store.

For instance, if you are a pet owner dog food and cat food costs about 10% less when bought by the case than it does when bought at the single can price and if you wait for close out prices you save a lot more than that.

Set aside some space in your home and make a list of things that you use regularly which will not spoil. Any grain or grain products will need to be stored in airtight containers that rats can’t get into so keep that in mind.

Then set out to find the best prices you can get on quantity purchases of such things as bathroom items and dry and canned food.

Don’t forget to shop at stores such as CVS, Walgreens, Rite-Aid or any other regional drug stores in your area.  These stores offer great discounts, coupons and rewards, you often cut your shopping bill in half by shopping at these stores as opposed to the supermarket chains.

You will be surprised at how much you can save by buying a twenty pound bag of rice as opposed to a one pound bag.

You can buy some clothing items such as men’s socks and underwear because those styles don’t change, avoid buying children’s and women’s clothing, those styles change and sizes change too drastically.

Try to acquire and keep a two year supply of these items and you can save hundreds of dollars.

How this article can help with your personal finance journey.





Are you Broke, or Temporarily out of Cash

Some years ago, before I became a licensed Financial professional. I read a book by the Financial Advisor/Guru Ric Edelmen. Where the author said Broke is a state of mind, and temporarily out of Cash is a state of your pockets; I found that statement to be true when you working towards accumulating wealth. Many individuals can never get started with investing or saving for retirement, because they believe in their minds and saying continuously “I’m broke, I never have any money”. These individuals are not aware that what you say and how you think, is very powerful and in order to begin to start accumulating wealth you have to change what you say and how you say it. We all in some part of our lives hit a rough patch when it comes to money, but is important to rephrase and rethink what we say, how we think. Constantly saying your BROKE and will not help you to develop positive thoughts about saving money or accumulating more money. How can you develop positive thoughts and begin to rephrase your thinking. Start by educating yourself on how to save, read motivational books or listen to motivational cds to develop a positive thought process. Always seek constant education to develop better money handling habits to prevent you from being low on cash or “Temporarily out of Cash”.