On Saturday, September 10th I attending the second in a series of financial workshops being held by the Rainbow PUSH Coalition sponsored by Chevrolet. These one-day Money Matters workshops are absolutely free and are designed to educate people of color about various financial literacy topics. The workshop that I attended was held at the Harlem[…]
A few years ago during the big mortgage meltdown, I became a homeowner for the first time. Although I purchased my first home, it was not one that I planned on living in; I had made the decision to become a real estate investor. Since then I have added one additional investment property bringing my[…]
Since last year, I’ve changed the focus of this site from speaking about my experiences with debt to helping others craft their own debt reduction plans by utilizing and sharing years’ worth of the same strategies that helped me. What was once just a personal blog for me has evolved into classes, live Periscope broadcasts,[…]
If you’ve made the mistake of thinking that a 401(k) loan and a hardship withdrawal are exactly the same, boy, are you in for a surprise. Lots of differences with major consequences exist.
Too much debt can lower your credit score and take all your disposable income. However, acquiring certain things in life may require a measure of debt. Not to suggest that you should go crazy and apply for every credit card and loan under the sun. For debt not to become a destruction force, moderation and[…]
While I was working my way out of debt, I tried just about every method that I heard of to help me pay my debt down faster. Hands down, when I discovered the debt snowball method and the debt snowflake method, they made sense, but I just kept confusing them. The what? Snowball. Snowflake? Snowcone? All the same to me.
Whether we like to admit it or not, credit cards have become a necessity. But all credit cards are not created equally, at least, mine aren’t. Credit cards carrying a high interest rate can drain your pockets and cost you more than you may bargain for, but a zero interest credit card or zero percent[…]
When trying to work your way out of debt, seeing the light at the end of the tunnel can seem impossible. Feeling like the debt is endless is a typical feeling, and because of it, many people are quick to look for extreme options to put cash back in their pockets. However, most of these[…]
This is a stock photo of my car, the 2013 Ford Edge. It wasn’t my first choice, but we’ll get into that in a bit. The good thing here is that I was able to replace my car and get back on the road relatively quickly after my last car accident because the car insurance company[…]
The American public is interested in eating better quality foods. The proliferation of “organic” foods and the success of specialty supermarkets dedicated to foods considered “healthy” have made success stories of Whole Foods and Trader Joe’s. The problem is that everyone is looking to cash in on food labels and terms that make food appear[…]
You’ve already heard everything that there is to know about improving your credit scores. Conventional wisdom says to pay all of your bills on time; don’t have too many cards ; have a good mix of credit types; and never, ever close any credit cards. That last isn’t always true though. I say that closing[…]