071: Homeownership as The American Dream, Saving for Down Payment, 1st Time Homebuyer Tips

In episode 71, we welcome guest host Chairidee Smith of Ms. Mogul  (www.chairidee.com) to dive into the realm of finances and home ownership. We discuss the concept of homeownership as the American dream. We also give insight to saving for a down payment for a new home. Plus, we give 7 key tips when becoming a 1st time homebuyer.   All of this and more on the #MoneyFactor.

Links:

http://money.cnn.com/2017/07/24/real_estate/american-dream-homeownership/index.html?category=real_estate

http://money.cnn.com/2017/08/11/real_estate/save-down-payment/index.html?category=real_estate

http://money.cnn.com/2017/06/28/real_estate/first-time-homebuyer-mistakes/index.html?category=real_estate

070: Do You Need a Financial Adviser, Increase Your Cash Flow, Creating Passive Income

In episode 70, we dive deep into topics that affect your pocket book. We start by discussing the pros and cons of a financial adviser. We also give healthy tips on ways to increase your cash flow. Plus, creating a passive income stream may be easier than you think!  All of this and more on the #MoneyFactor. 

Links:

http://money.cnn.com/calculator/pf/cost-of-living/

http://www.huffingtonpost.com/amandah-blackwell/top-8-ways-to-create-passive-income_b_4654371.html

http://time.com/money/collection-post/3706485/improve-cash-flow-personal/

http://money.cnn.com/2017/08/03/pf/financial-adviser/index.html?category=pf

069: The Financial Foundation Series: Intro to Investing Part VI

In episode 69, we give you key concepts surrounding finance and investing as we finish up our financial foundation series. We dive into what APR is, FICO, 401Ks, and other financial products. We also give insight to how diversification can help provide stability and growth to your portfolio. Plus, we give valuable insight on different types of insurance that have a stock market component.  All of this and more on the #MoneyFactor. 

Links:

http://money.cnn.com/2017/07/11/pf/money-terms/index.html?iid=EL

068: The Financial Foundation Series: Intro to Investing Part V

In episode 68, we continue down the road of the fundamentals of investing. We describe the NASDAQ, S&P, as well as other indices. We also dive deep into how mutual funds work and their strengths and weaknesses. Plus, we look at other instruments that allow you to build legacy in the market.    All of this and more on the #MoneyFactor. 
Links: 
http://money.cnn.com/2017/07/28/pf/impact-banking/index.html?iid=SF_LN

067: The Financial Foundation Series: Intro to Investing Part IV

In episode 67, we welcome Angela E Matthews (www.AngelaEMatthews.com) to move into the fundamentals of investing. We  breakdown what an investment club is and how working in a collaborative group can be a benefit to your overall understanding and growth in the market. Plus, we give key definitions and explanations to some of mechanics of making a trade.   All of this and more on the #MoneyFactor. 
Links: 
http://www.investopedia.com/articles/01/062001.asp?lgl=rira-baseline-vertical

066: The Financial Foundation Series: Intro to Investing Part III

In episode 66, we welcome back Ahmad Scott (Ahmad.scott01@gmail.com) to dive deep into the investing portion of our financial series. We look at some of the top emotional reasons that cause people to waste money. We also look at how those emotions can spill over into their investing habits and cause unforeseen financial consequences.  All of this and more on the #MoneyFactor. 
Links: 
http://www.wisebread.com/are-your-emotions-costing-you-money-take-this-quiz
 

065: The Financial Foundation Series: Intro to Investing Part II

In episode 65, we continue on our financial series journey into investing. We talk about the very important method of paying yourself first and what that brings to your financial safety net. We also discuss the things needed when you are just starting out as an investor. Plus, you always have to keep discipline in your pocket as an investor.   All of this and more on the #MoneyFactor. 

Links:

http://money.cnn.com/2017/07/10/news/economy/tax-reform-deductions/index.html?iid=hp-stack-dom

http://www.investopedia.com/advisor-network/articles/saving-and-investing-when-youre-just-starting-out/

064: The Financial Foundation Series: Emergency Funds and Intro to Investing

In episode 64, we hop back into our financial foundation series with focus on creating your emergency fund and understanding the purpose behind investing. We discuss the ratios needed to live off of your current assets and how those ratios differ depending on your age bracket. Plus, we give key insight to the importance of growing your money and good rules to live by in order to make sure the money outlasts you.  All of this and more on the #MoneyFactor. 

Links:

http://retireby40.org/declare-financial-independence-day/

http://retireby40.org/3-ways-define-financial-independence/

063: Secure Seniors, Baby Boomer Emergency Funds, Slashing Retirement Costs

In episode 63, we welcome Kiara Peoples (peoples.advocate1@gmail.com) to discuss money as it relates to senior citizens and the security of their finances. We take a look at the lack of emergency funds that baby boomers have and what that means as they age into their golden years. Plus, we show you ways to slash into those rising retirement costs.   All of this and more on the #MoneyFactor. 
Links: 

http://www.cnn.com/2017/06/23/health/seniors-refuse-home-health-care-partner/index.html

http://fortune.com/2017/06/20/saving-habits-baby-boomers/

https://www.fool.com/retirement/2017/04/24/slash-your-retirement-costs-with-these-5-tips.aspx

062: The Financial Foundation Series: Debt Management Part III

In episode 62, we welcome guest host Ahmad Scott (Ahmad.scott01@gmail.com) to discuss a the millennials perspective on debt management. We discuss methods for handling credit cards and the interest-rate-induced debt from them. We also look at multiple types of debt including unsecured, secured, and revolving. Plus, we show you a savings bank that is good for anyone at any age.  All of this and more on the #MoneyFactor. 
Links: 

http://www.wbur.org/hereandnow/2017/02/07/kids-money-beth-kobliner

http://money.cnn.com/2017/04/10/pf/credit-card-mistakes/index.html

http://www.investopedia.com/ask/answers/110614/what-are-main-categories-debt.asp?lgl=myfinance-layout-no-ads

http://www.cepnet.com/kidsbank

061: The Financial Foundation Series: Debt Management Part II

In episode 61, we welcome guest host Doron Maghett (dmaghett@msn.com) to discuss a man’s perspective on debt management. We take a look at key financial principles to be instituted in a household for everyone to live by. We also discuss how to prepare for long term debt situations and the importance of emergency savings.  All of this and more on the #MoneyFactor. 
Links: 

https://www.debt.org/blog/fathers-day-financial-advice-you-get-what-you-pay-for/

http://manvsdebt.com

060: The Financial Foundation Series: Debt Management

In episode 60, we continue our financial foundation series by moving into debt management. We discuss some key articles that show examples of what happens when you are unaware of your rising debt as well as ways to recover. Plus, we dive deep into strategies that you can implement to keep your debt under control moving forward.  All of this and more on the #MoneyFactor. 

Links:

http://money.cnn.com/2017/06/02/pf/financial-deception/index.html?iid=H_PF_News

http://money.cnn.com/pf/money-essentials-debt/index.html

059: Financial To-Do List, Consequences of Procrastination, More Fun with Less Money

In episode 59, we take time on Memorial Day to give you a financial to-do list that will keep your wealth in order. We also look at the consequences of procrastination when it comes to your wealth. Plus, learn some key tips to having more fun with less money. All of this and more on the #MoneyFactor. 

Links:

https://www.nytimes.com/2017/05/28/smarter-living/personal-finance-to-do-list-day-off.html?_r=1

http://www.wisebread.com/7-biggest-ways-procrastination-hurts-your-finances

https://www.moneytalksnews.com/17-ways-have-more-fun-for-less-money/

058: 15 Mistakes When Planning for Retirement, #BESummit: Black Enterprise Entrepreneur Summit

In episode 58, we welcome guest host Garry Lee (@GHawkinz) to discuss the mistakes people make when planning for retirement. We cover the need for a personal relationship with a fiduciary financial advisor, remembering to course-correct & diversify, and knowing your exit strategy. Plus, we recap the Black Enterprise Entrepreneur Summit (#BESummit) in Houston and the financial gems that come from it. All of this and more on the #MoneyFactor. 

Links: 

http://www.investopedia.com/advisor-network/articles/15-mistakes-people-make-when-planning-retirement/

057: The Financial Foundation Series: Protection Part V

In episode 57, we continue our conversation about the financial foundation and the importance of protecting your assets. We start off with a timely conversation concerning the costs of prom and your senior year of high school (as a whole). We then dive into our conversation surrounding protection of life and the different aspects of life insurance. Plus, we give a little business insight for how insurance can be used.  All of this and more on the #MoneyFactor. 


Links: 

https://www.promgirl.com/prom-guide/costs

http://www.gomominc.com/senior-year-tips-budget

http://www.investopedia.com/exam-guide/cfp/taxation-business-use-of-insurance/cfp4.asp?lgl=myfinance-layout

056: The Financial Foundation Series: Protection Part IV

In episode 56, we continue our conversation about the financial foundation and the importance of protecting your assets. We start with an example of expenses to send your kids to college and raising them throughout childhood to adulthood. We then give you the different types of insurance including buying term and investing the difference, whole life, universal life, and indexed universal life. We also give scenarios and explain why some of the newer options work well in conjunction with the stock market.   All of this and more on the #MoneyFactor. 
Links: 

http://money.cnn.com/interactive/pf/cost-of-children/?iid=SF_LN

http://money.cnn.com/2017/05/01/pf/college/how-much-does-college-cost/index.html?iid=SF_LN

055: The Financial Foundation Series: Protection Part III

In episode 55, we continue our conversation about the financial foundation and the importance of protecting your assets. We break down the different types of term insurance and some of the myths that exist with it. Plus, we give a brief synopsis of why your 401K may be shrinking right under your nose.  All of this and more on the #MoneyFactor. 

Links: 

https://www.businessinsider.com.au/how-to-lower-your-401k-fees-2017-4

054: The Financial Foundation Series: Protection Part II

In episode 54, we dive deeper into the financial foundation and the importance of protecting your assets. We give you insight as to why people don’t utilize life insurance and what the devastating effects could be. Plus, we show you how to purchase it and the method to determine the amount of life insurance coverage needed. All of this and more on the #MoneyFactor. 
Links: 

http://money.cnn.com/2017/04/08/pf/college/new-york-free-tuition/

http://www.thehour.com/news/article/Will-NY-free-tuition-drain-students-from-11090542.php

053: The Financial Foundation Series: Protection Part I

In episode 53, we dive deep into the financial foundation and the importance of protecting your assets. We breakdown the wealth formula and compare things that people normally protect vs life insurance and family-based protection. Plus, we give insight needed to compare why investing first isn’t always the best answer.   All of this and more on the #MoneyFactor. 

Links: 
http://www.vogue.com/article/financial-planning-101-expert-advice-learnvest

 

052: Women and Finances, Understanding Your Financial Foundation

In episode 52, we welcome guest host Dawniel Winningham (@WealthSpeaker) to discuss women and wealth during financial literacy month. We cover key concepts of what it takes to be an entrepreneur and how to accumulate wealth. We also breakdown strategies to retire earlier and ways to decrease the wealth disparity between women and men.  All of this and more on the #MoneyFactor. 

Links: 

http://money.cnn.com/2017/04/07/retirement/women-finances-gender-gap/index.html?category=retiremen

http://money.cnn.com/2017/04/05/retirement/ready-to-retire/index.html?category=retirement