The Book: Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned In School The Big Idea: You can beat the financial pros and become wealthy by simply investing in low risk, low cost index funds. The Author: Andrew Hallam worked as a high school teacher but didn’t let his teacher’s salary hamper his dreams of attaining wealth. By controlling his spending … [Read more...]
4 Ways to Save Yourself From Nickel and Diming Your Way Into the Poorhouse
One of the interesting things that I see as a personal finance coach supporting black women trying to regain control of their finances is that these women are in debt or have bad credit. It's not that they are poorly compensated and, as a result, have to resort to charging basic necessities on their credit cards. Rather, it is because they have money management issues. They … [Read more...]
Money Monday: 3 Things to Know Before You Plunge into the Stock Market
While the crash of 2008 may have soured many on the stock market, stocks still remain one of the easiest ways to build wealth. Stocks have historically enjoyed between a 7-10% average annual return, beating most investments including, according to many experts, investments in real estate. A recent Pew Research Center report reveals that part of the great black-white wealth … [Read more...]
Money Monday: Get Rich Slowly
Earl Crawley has worked as a parking lot attendant in Baltimore for over 30 years. He's never made more than $12 an hour or more than $20,000 a year. He admits his dyslexia doomed him early to a life of low paying manual labor. But that hasn't stopped Mr. Crawley from building wealth. Despite the low wages, he's managed to build a half a million dollar stock portfolio. His … [Read more...]