“More Money, Now What?”

January 16, 2017 | Jamilah N. McCluney

You work hard daily, and give your job and career your all. You’re not necessarily just in it for the money, (o.k. you’re in it a lot for the money) but you’re also satisfied with the difference you make on a day-to-day basis. There’s nothing greater than receiving your paycheck and noticing more on the bottom line than you did the paycheck before.

You got a bonus or that long awaited raise and you’re lit? Or are you? You may immediately start to think of all the new shoes or bags you’re going to buy, but what is the right move for this unexpected new windfall?

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3 Ways You Are Losing Money

January 16, 2017 | Jamilah N. McCluney

You get it; don’t think you spend it, yet you have nothing to show for it. Where does it all go? If you’ve ever found yourself with not enough month at the end of your money, here are 3 ways you may be losing it.

You Put Your Money Where Your Mouth is

You may not realize how much of your money leaks away to your favorite restaurants every time you clean your plate, but if you dine out regularly, your restaurant tab is costing you. The average restaurant tab for two can easily range from between $50 to $150+ if you add cocktails. Multiply that range by 4 weekends in a month and you could be dishing out between $200 to $600, or more! If you’re unsure of where your money goes, check your most recent bank statement and look at your restaurant charges. Don’t forget to count Starbucks!

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Health is Wealth

January 16, 2017 | Jamilah N. McCluney

Most of us are on a paper chasing mission. We’ve been programmed that way, our whole lives. We’re encouraged to pursue education in hopes of a 6-figure salary or to follow our entrepreneurial dreams in order to make millions. There is usually no greater joy than reaching a successful financial milestone.

What if we follow the road to riches and actually achieve it, only to not be around long enough to fully enjoy the fruits of our labor? It’s no secret that we live and we die, but what if we had the opportunity to take care of our bodies with the same vigor and drive that we pursue our financial accomplishments? What if we invested in our bodies as much as we invested in the stock market or our jobs? What if we were as concerned about our health as we are about the new bitcoin price?

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Your 401k plan is a loser

January 16, 2017 | Jamilah N. McCluney

You’ve set up your 401k plan with your employer and consistently put money into it each pay period, but how does the plan actually work? Can you lose money? Can you make money? Let’s find out.

If you were unfortunate enough to have a 401k plan during the housing market crash of 2008, then you probably saw a drop in your 401K balance. Many people experienced significant loses during that time, with balances dropping by 5 and 6 digit dollar amounts. But how did that happen? What did the housing market crash have to do with your 401k plan?

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Put Your Money in “Beast Mode”

January 16, 2017 | Jamilah N. McCluney

You know the funny thing about money? It will do whatever you tell it and direct it to do. If you have a plan in place, with a little effort on your behalf, your money will flow and go towards your plan. If you decide to let it do it’s own thing, good luck with tracking it down and knowing where it goes and how or if it grows. If you do want to put your money to work for you and not against you, here’s some money advice to take from Marshawn Lynch.

Marshawn Lynch, better known as, Beast Mode, has proven not only to be a beast on the football field with the Seattle Seahawks but a beast as far as his money and finances are concerned. He has made close to $50 million over 9 seasons in the NFL. In case $50 million weren’t enough, Forbes has reported that he also makes $5 million each year through his endorsements with Skittles, Nike, Pepsi, Progressive and Activision. What’s so great about his earnings? He’s now retired and has yet to touch one penny of the $49.7 that he earned over his career. Instead of spending any of his salary, he’s chosen to spend and live only on the money earned from his endorsements. I guess it pays to taste the rainbow!

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Who Doesn’t Love a Discount?

January 16, 2017 | Jamilah N. McCluney

 Contrary to popular belief, I absolutely looooooooove a good deal and sale! I say contrary, because a good friend of mine recently questioned my frugalness. Can you believe that? She went on to say she doesn’t picture me as the bargain shopper….(enter more disbelief here). I like a deal for the sake of a deal and get excited when I see that negative line or discount amount highlighted. CHACHING!

My on-line shopping usually consists of me filling a virtual shopping cart and proceeding to checkout in one screen and opening a new screen while googling promo and coupon codes in another. Have you ever found a promo code you liked, say around the 20% off jackpot amount only to copy and paste it and you receive an error in return or the infamous “not valid” in red that crushes your spirit. Then you spend another 20 to 30 minutes searching more codes that may or may not work and ultimately abandon the cart and all of the goodies you put inside.

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