Solid, definable goals are the key to financial freedom. There’s no way around it. Perhaps that’s why Dr. Thomas Stanley, best-selling author of The Millionaire Next Door, emphasizes the importance of goals in achieving financial success. According to his extensive survey of American millionaires, the vast majority of millionaires set financial goals, helping to explain … [Read more...]
How to Be SMART, Not Strong when Saving Money
In Ain't I a Woman: Black Women and Feminism Bell Hooks, intellectual and cultural critic, discusses the downfall of one of the more unilateral characteristics that black people in general, and black women, in particular, pride ourselves on. As Hooks explains it, strength has more to do with the ability to endure than the ability to overcome. And it's true. As it relates to … [Read more...]
Money Monday: 4 Ways to Practice Mindful Spending in 2014
Several years ago, food psychologist Dr. Brian Wansink released Mindless Eating, a revolutionary book that examined how we consume food without even thinking about why or what we're eating. Our eating, in essence, becomes habitual. This mindless eating, Wansink argues, is a prime reason so many Americans are overweight. His take home lesson: we can lose and keep off the … [Read more...]
Money Monday: 5 Money Tips For a Prosperous 2014
The new year is just around the corner and you have the power to make it your best year ever. Are you willing to make the sacrifices? Are you willing to put in the hard work to see your financial dreams come true? If so, these money tips are for you. Set a Financial Goal or Two As the new year begins, set aside the time to figure out what you really want financially. What are … [Read more...]
4 Tips To Help You Save Money and Eliminate Debt Before 2014
I recently hosted my first Twitter Chat on money management basics. One of the obstacles that many of us still face is reigning in our spending and paying ourselves first. Get a head start on your 2014 financial goals by being proactive about what you do with your money for the remainder of 2013. You still have time to do all of the following: Automate your Payments One of … [Read more...]
Money Monday: Why More Money Is Not Always the Answer
“If only I had more money” How many times have you told yourself this? If only you had a little more, things would be straight. You’d pay down your debt, catch up on all your bills, and even save a little. With more money your financial worries would fade into oblivion. But consider this: “Mo’ Money, Mo’ Problems” On a summer day, David Lee Edwards entered a … [Read more...]