Financial Literacy Pop Quiz What is the main advantage of investing in a passively managed index fund? (A) Higher potential returns (B) Lower fees compared to actively managed funds (C) Guaranteed returns (D) Tax benefits
Invest in your Debt There’s a difference between being rich and being wealthy. Being rich means you earn a high income. How much money do you have to earn to be rich? That’s a relative question. Ask a person earning $45,000 per year that question, they’ll say $100,000. Ask her person earning $100,000 per year, they’ll say $500,000. Ask a person earning $500,000 per year, they’ll say $1,000,000.00. It’s widely recognized that if your household income is more than double the national average, you’...
The Carr Report Financial Advice You Can Bank On! Financial Literacy Pop Quiz What is the main purpose of diversifying your investment portfolio? (A) Maximizing returns (B) Minimizing risk (C) Increasing taxes (D) Following market trends
Get A Grip On Your Money With Money Coach, Tax Pro, And Financial Journalist Damon Carr!
The Carr Report Financial Advice You Can Bank On! Financial Literacy Pop Quiz Which is larger: A) Quadrillion dollars B) Quintillion dollars The correct answer is__________
Put your thinking cap on Joe College Congratulations are in order for this year's High School graduating class. Graduation from high school is a milestone in everyone’s life. This completes your general education from kindergarten in grade school to senior in High School. All of us who finished High School can recall the joy we experienced walking across the stage to receive our diploma. We remember the genuine friendships we developed and the teachers who taught and encouraged us. I want to enc...
Help!! My sister married a bum! How can I help? He started off good. Military man and good provider for his family. He got kicked out of the military. When he got kicked out of the military, he, my sister, and their two children moved in with my parents. Neither one has had a job in the 2-years they have been living with my parents. Yet, they’re still making babies. Now, it’s 3 children and them living with my parents: I have zero respect for dude! I want to say something but not sure what to sa...
Best Damn Advice On How To Boost Your Credit Score Ever! Whenever I discuss credit scores, it gets the people going. No financial topic garners more attention than increasing your credit score. So when I came across a meme on Facebook posted by a friend of mine. I jumped on it. It was short, insightful, impactful, commonsense advice that was so glaringly obvious - it was funny. It read: Things to do to increase your credit score! The answer was: PAY THEM PEOPLE!!...
Financial Literacy Pop Quiz What does “diversification” in investing mean? (A) Putting all your money into one type of investment (B) Spreading your investments across various asset types to reduce risk (C) Investing only in high-risk options (D) Keeping all your money in a savings account (E) Buying stocks from only one industry Select the most appropriate answer from the choices provided....
Help! I’m depleting my savings. Any advice? I “was” always a saver. I say “was” because I’ve been on Short Term Disability since due to an off the job injury. What I did save will be depleted by the time I return to the job sometime after April. Any Advice?
Investing 101: A Beginner's Guide to Building Wealth There’s a big difference between building your income and building wealth. Building your income is about increasing your earning potential by developing your knowledge and/or skill allowing you to become more marketable. Building wealth is about purchasing assets that increase in value and/or generate income. Building wealth ensures you continue to maintain your standard of living even after the paycheck stops.
In this episode, I share Football great Shannon Sharpe’s story about him purchasing a car that cost 75% of his annual salary. He admitted that was a mistake. I’m explain why I believe you should never spend more than half your salary on cars.
In this podcast, I’ll explain that Investing in your debt is a secure and sound invest that provides a stress free, Tax free, risk free, guaranteed return
In this Podcast I pay tribute to the late great Nipsey Hussle and the living legend Jay-Z. I explain the brilliant invest advice they give in their sons...I break the lyrics down from a financial planning perspective..
In this podcast, My wife Lashan will answer the question should you borrow from 401 k..... She’ll share 5 reasons why you shouldn’t do it!
In this podcast, I discuss Money and Marriage. I’ll explain that Money fights are the #1 dispute between couples. I’ll dig deep and prove it’s not money you’re fighting over - It’s deeper than money!
In this podcast, I’ll explain that the question isn’t at what age but at what income you want to retire
In this Podcast, I’ll explain that Personal Finance is more Personal than it is Finance. I’ll explain that in order to win financially, we must reconcile our net income with our gross habits
In this podcast I’ll explain why conventional financial wisdom - pay yourself first, live below your means, and use credit wisely don’t work...Instead you should try this- Free yourself first, use credit only when absolutely necessary and live below your means with a purpose.
In this podcast, I’ll share ideas on how take control of your money, beat debt, and put you on the path to building wealth
In this podcast, I’ll break down the difference between building income and building wealth. Yes! There is a difference between the two!
In this Episode, I share a story about a Pittsburgh native who attempted to rob a bank at age 75. I explained what will cause a 75 year old person to attempt to rob a bank..
In this podcast, I’ll discuss how Adult Peer Pressure can influence you to buy things you don’t need with money you don’t have to impress people you don’t like...Keeping up with the Joneses!
Stay at home orders has created a trend on Social Media...People are complaining they’re BORED. Many of the same people who are saying they’re bored are tracking the stimulus check like you track an Uber Ride...... 🤔🤔
