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Crypto What?! Part Two

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Part Two:

Greetings, yes I’m back (without a headache this timewinkingsmiley)!

I recommend reading Part One before jumping into this section; however that is entirely your choice. I think it’s only fair to let you know a little about myself: I don’t recommend anything or speak on a subject unless I’ve tried it or know a little something about it from experience. Outside of earning a degree in Business Administration and a minor in Accounting and Finance, I also work in the banking sector and see actual transactions from people like you and me all the time.

When we (my colleagues and I) started receiving calls about Coinbase transactions, everybody started freaking out, myself included. We had to learn quickly about the terms and how to explain and/or refer them back to the company they were using (in this case, Coinbase). Some millennial were aware of terms like Coinbase and Cryptocurrency, but it was something new to us “old wigs” (trust me, I don’t like the term either, but you get the idea).

Now I must tell you, I was feeling a bit antiquated with this cypto thing so I decided to get myself in the game. I did some research, and opened up a Coinbase account.

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Understanding that these cryptocurrencies are so volatile, I spent only what I was willing to lose – $10 bucks. Laugh if you will; I’m getting too old for big losses at this stage in my life (disclosure: because past experience isn’t a guarantee of future projections/profits). That was in January 2018, when Bitcoin was trending at $15k and climbing! I knew I’d never get rich off of Bitcoin but I was doing the damn thing! I’m part of this history and if I never do anything else with these coins, I’m satisfied with the experience.

historical data bitcoinWhen I went back to work, I was posting comments and explanations in our chats and feeling pretty darn proud of myself.  I also found some interesting things to put my pinky in like – GDAX- which allows trades for free and works well with Coinbase and Coinpot (where do they get these names from smiley) – a digital wallet used to stash coins.  Once I started digging deeper, I found an external wallet that is safer than digital/online wallets called “Exodus” which can be installed on your own laptop.

Exodus Step-By-Step Backup from Exodus : Your Blockchain Wallet on Vimeo.

 

Well friends, that’s all for now. Remember to like or comment below.

Until next time,

Peace, love and Prosperity,

ET

End of Year

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Greetings fellow readers and bloggers. I hope your year thus far,  has been a prosperous journey. If you’ve experienced valleys and mountains along the way, then you’re growing and hopefully learning valuable lessons. I’m certain there’s some that you will definitely want to share with friends, family and acquaintances, as I share with you.

The end of year is fast approaching so I’m dedicating this post to “seeing the big picture” of our personal finances and the importance of knowing this information helps in managing/reaching other goals without sacrificing the things we enjoy (vacations, funerals, medical emergencies, unexpected bills, etc.).

A few months ago, a friend walked up to me after a meeting we both attended on personal finance, we hadn’t seen each other in years and decided to have lunch to catch up on things. We exchanged numbers, hugged and went our separate ways with a promise to chat later. Jane Doe seemed happy and successful, I watched her walk away escorted by her driver to her limo and thought with a smile ‘it must be nice’.

It had been a month since our meeting. I honestly didn’t think I would get a call from her so I was pleasantly surprised to hear her voice on the other end of my phone. Jane sounded distraught and told me her husband passed and she could really use some help with her books. It took me a moment to grasp exactly what she meant about her books, I was sure she had an accountant to handle those things for her I mean she had a driver and a limo! When I asked her did she need some editing done she began laughing and said “no”. Read the rest of this entry »

Here’s more of “Who says it can’t be done?!”

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Let’s face it- some of us are living beyond our means, in staggering debt, and not exercising enough and it’s by our own doing (or not doing)! Yep, there I said it! No excuses, and no apologies!

The first step to success is to admit to a problem and then find ways to solve it. These challenges will take us into the next year and start a snowball effect that will drastically change our lives- are you up for it? So, I challenge you to do one if not more of the following with me and see where we end up. Here’s a list of the following challenges. Your mission, if you decide to take it-

Read the following blog articles and/or video challenges, then choose one (or all three) to work on:

  1. The 30 Day No-Fail Money Challenge – The Debt Myth
  2. 30 Day Challenge: Finishing What I Started
  3. The 30 Day Meditation Challenge on DOYOUYOGA

There’s only three to choose from- how hard could it be? Remember, just pick one and do it consistently for the next 30 days! As always, “comment”, “like”, and/or “share”.

See you soon!

Until next time…

Peace, love and prosperity,

ET

FOLLOW YOUR HEART

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It’s that gut feeling,  it’s the conscious,  we are all connected.  Every thing you do MATTERS!

Peace, love and prosperity. 👌✌

ET

 

Time Management These Days

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Greetings!

    How is everyone? I hope you are living a life of abundance and love. If you’re anything like me, prioritizing a to-do-list may give you a headache. Even though it’s my least favorite task,  because I would prefer to not be limited or constrained, it’s just the way it is….it must be done. These days time management is imperative. Most of my days have been spent reading books and writing reviews, traveling to market my book, Journey Into Finance in various bookstores and libraries and working a full time job.

     At the time I wrote this, it was raining outside, and I was enjoying a warm cup of coffee and some time writing and catching up with my readers. I’d love to hear from you as fellow bloggers and writers about tips on managing your time while keeping your fans engaged. I’m always open to ideas, so leave your comments below.

     Managing time effectively is a powerful asset because without it life can become chaotic. Who needs chaos in their life? Definitely not me and I’m sure you don’t either. Chaos is an emotional overload of the brain that causes a rift throwing us off balance and will affect our ability to maximize our precious time.

>Here are a few tips I picked up:

  1. Rise early and meditate– before everyone gets up, take that time for a meditationlittle introspection (prayer) and do not think about anything work related for at least 30 minutes.
  2. Set a routine for yourself– everything has it’s time and place, make sure to follow a specific routine and make time for the unexpected (the what-if’s)
  3. Be truthful to yourself and Others– if you just can’t do it- say NO. There’s no sense in beating around the bush, just get to the point with no regrets.
  4. Step away (take a walk, exercise, drink some water, eat something healthy, go outside)– nothing is more important than your own peace of mind. If you get stuck on a project- ,move around and come back to it.
  5. Take it easy on yourself– you are doing the best you can and if you know that you’re not, do better.

     Staying balanced is key to optimal health and wealth. As I remind others, I’m also a reminder to myself for my ears and eyes are closer to me than they are to anyone else. As always, remember to like, share and/or comment.

That’s all for now- short and sweet. smiley

Until next time,

Peace, Love and Prosperity,

ET

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It’s Working!

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Being a great leader stems from being a great follower. Over the years I have been emphasizing the importance of money management (a taboo topic) and breaking the cycle of ignorance that has plagued the black/African American consumers for years. I’m pleased to say “it’s working!!”

More and more businesses are now marketing their efforts to the under-served families in and around their communities bringing awareness and reinforcing the ideology of building generational wealth.

Journey Into Finance is not only about creating wealth in finances, but learning about personal triggers that cause toxicity in our lives and how to overcome them. I share what has helped me through my life journey change personal struggles into triumphs,and enriched my mind, body and spirit.

I thank you for joining me and encourage you to keep pressing forward, because eventually, it’ll pay off.

Until next time…

Wishing you peace and prosperity,

ET

 

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Gratitude

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“We always have so much to be thankful for, if we only pay attention.”

ET

Watch “Dreams are forever” on YouTube

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Have you ever been guilty of making excuses for why you can’t do something? Yes, I have and this young man is inspiring to me. If we just believe, and trust in ourselves by doing what is in our hearts, anything is possible. Darrius’ talent is from self discipline and desire to always become better than he was the day, month, and year before. Watch and be encouraged!

Until next time…Peace, love and prosperity. ET

Sharing is caring! Enjoy and grow!

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Greetings Fellow bloggers and readers! I hardly have time to type a post in my current state, but I am always growing my knowledge as we all should be doing. Remember, life waits for no one, literally. So I am enjoying this article today and thought I’d share with you (thus my post on “sharing is caring”). So read, gain knowledge, and share too. Peace, love and prosperity!

ET

(Building a Legacy pennies at a time through Acorns Investing. Join Me! By clicking on the Acorns Investing Join Me link you will be taken to the Acorns.com website to sign up and start investing in order to receive credit of $5.00 or $50.00 if three friends sign up and start investing too.)

P.S. – Article/images credit to Acorns Investing (my new make money with minimal effort) and of course if I write about it, I definitely have dabbled in it, and that experience was instrumental while planning my last minute vacation to New Orleans in July of this year!) winkingsmiley

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Author Nancy Mann Jackson writes regularly about personal finance and business. Her work appears on Fortune.com, CNBC.com, Entrepreneur, and DailyWorth, among others.

Being a millionaire isn’t quite as unique as it used to be. In 2015, there were 10.1 million American households—that’s 8.3 percent of the total population—with a net worth of at least $1 million, compared to just 5.9 percent in the heart of the Great Recession.

Yet hitting the million-dollar mark remains a landmark goal for Americans. For many, it symbolizes ultimate financial freedom.

While it’s easy to assume that people with millions in the bank got there by inheriting family money or raking in massive salaries, plenty earn their fortunes by living frugally, investing wisely and creating their own income-producing opportunities.

Here’s how four ordinary Americans became millionaires in their own right: the frugal investor, the diversified real estate mogul, the savvy successor and the persistent business owner.

llene DavisThe Frugal Investor

Ilene Davis, 66, Cocoa Beach, Fla.

Starting out: Though Davis was first exposed to the market when her mother bought her some stock at 18, it wasn’t until she made the major career leap from computer programmer to stockbroker for E.F. Hutton at age 32 that she started investing strategically.

While Davis’s previous job paid the bills, she says it wasn’t fulfilling. Becoming a stockbroker, on the other hand, was a chance to “do something I really loved: investing and helping others save for retirement,” she says.

Finding success: At the start of her new career, Davis invested about 25 percent of her income into profit-sharing and a money-purchase pension plans—retirement benefits offered by her employer that allowed her to share in company earnings. She also maxed out her IRA and made additional investments in stocks and mutual funds. In total, she invested about 40 percent of her “middle-level” income, she says, which has averaged about $75,000 over the past 30 years.

While investing 40 percent is significant, Davis, who currently lives with her boyfriend of 24 years and doesn’t have kids, says she didn’t have “any real reason to spend much.” She prefers shopping in consignment shops, bought a house that was heading into foreclosure and furnished most of it with Craigslist and thrift-store finds and drives used cars until they need regular repairs.

“I am not big on going out to dinner, either, and if I go, it’s where I have coupons. I would much rather cook and have friends over,” she says. “Basically, I have a full life, but little need to impress others with how much I can spend. So my lifestyle is really pretty inexpensive, relative to my income.”

While she does select her own investments, Davis says she initially made a lot of mistakes picking individual stocks. “It’s just too tempting to ‘play’ [or make regular trades],” she says. “Serious wealth accumulation started when I committed to investing on a regular basis in mutual funds, and then left them to other professionals.”

By the time she reached age 50, Davis had accumulated her first of more than $2 million of net worth.

Advice for others: To build wealth, “start now,” Davis says. “Regardless of how much or how little you earn, invest at least 10 percent for the long term.” And build from there.

She also recommends always having an emergency fund, so you never have to use credit cards to pay bills or sell long-term investments when unexpected expenses arise. If you don’t have an emergency fund yet, build one while investing at the same time: “An emergency fund is for unexpected expenses; an investment portfolio is to build wealth that can be a source of future income,” Davis says.

Finally, don’t be preoccupied with market ups and downs. “When the market has really bad days, weeks or months, decide if the world is truly ending. If not, invest more—or just don’t look at your statements to avoid temptation to react,” she says. “Remember the advice from Warren Buffett: ‘Time in the market instead of timing ofthe market is the key to building wealth.’”

Mark FergusonThe Diversified Real Estate Mogul

Mark Ferguson, 37, Greeley, Colo.

Starting out: After graduating from the University of Colorado in 2001, Ferguson joined his father’s real estate business—just “until I found a ‘real job’ in finance,” he says. Ferguson soon realized, however, that he enjoyed the work and decided to stay, become a Realtor and flip a few houses with his dad each year.

But he struggled at first. “I did not sell many houses as an agent and made almost all my money from the occasional flip,” Ferguson says. “In 2006, I made a total of $26,000, mostly because I did all the [construction] work myself on one flip. It took all my time and cost me so much money in opportunities lost. However, it also opened my eyes and made me realize I had to change the way I was doing things.”

Finding success: Ferguson didn’t find his groove until he discovered his own niche in 2007: selling foreclosures for banks. With a degree in finance, Ferguson knew how to talk to bankers, and although he still worked under the umbrella of his father’s company, he realized working with banks was a better fit than working with individual sellers.

With a new plan in place, he began listening to self-help CDs for motivation, attended industry conferences and cold-called banks to ask about listing houses. Once he was “in” with some banks, Ferguson’s numbers shot up from selling 10 houses a year to more than 200 annually, just four years later.

After becoming a successful agent, Ferguson refocused on flipping houses. He built a team and upped his quota from two or three flips a year to seven or eight—netting about $33,000 in profit each time. Then in 2010, he started buying rental properties.

“Rentals give me passive income forever if I don’t sell the properties,” he explains. “I own 16 rentals now, which provide about $8,000 [of income] a month after mortgages, taxes, insurance—[plus accounting for] possible vacancies and maintenance.”

Finally, three years ago, Ferguson launched Investfourmore.com, a real estate investing site that helps him rake in an additional five figures a month through avenues like coaching and online training programs, ebooks, affiliate relationships and referrals to other agents. That same year, Ferguson earned his first million—the majority of which came from his rentals and house flips.

“My success came from focus, building a team and adding more sources of incomeonce a business was running smoothly,” he says.

Advice for others: “You do not have to invent something or have a great idea to be wealthy. You need to choose a field to be in, or a business to start, and just do it as well as you can,” Ferguson says. “There are no shortcuts. Hard work and persistence are what people notice. The more you can save and reinvest into yourself or your company in the beginning, the faster you will grow.”

Jim MarkhamThe Savvy Successor

Jim Markham, 67, Newport Beach, Calif.

Starting out: At just 15 years old, Markham was already married with one daughter, and needed a way to support his family—so his mother suggested he become a barber like his uncle. “I went to barber school and found I was quite good cutting hair,” Markham says, noting that he started out charging just $1.50 per haircut in New Mexico.

He soon realized he had a flair for styling, too, so he enrolled in courses and contests to improve—culminating in a silver medal win at the 1967 Hair Olympics. Within just a few years, he was charging $75 per cut.

Finding success: After reading about celebrity hairstylist Jay Sebring, who’d started the first professional product line for men, Markham was intrigued and contacted him about becoming a distributor. Little did he know that this business relationship would define his career: Markham not only became a distributor, but also Sebring’s protégé—and eventual successor.

After Sebring’s untimely death in 1969, Markham took over his business, and continued refining the products. “I was always looking for ‘a better mousetrap’ and began experimenting with ways to improve,” he says. “If a product I desired did not yet exist, I would develop it myself. Having celebrity clients enabled me to get a ton of publicity on television, radio and print, which ultimately helped build my credibility, and [helped] the brand sell more products.”

Over the years, Markham launched additional hair care companies, including Pureology and ColorProof Evolved Color Care. Markham earned his first million in 1997 through the sale of ABBA® Pure & Natural Products, and now has a total net worth of more than $100 million.

Though he’s tried retirement, he didn’t find it fulfilling and returned to the beauty industry he loves. He currently serves as Product Developer and CEO at ColorProof and is also an active philanthropist, supporting charities such as the National Ovarian Cancer Coalition, Habitat for Humanity and City of Hope.

Advice for others: In addition to choosing great mentors who can help elevate your career and continually creating new opportunities for yourself, Markham says one of the biggest keys to his success is investing with the right mindset.

“I’m an investor in stocks, bonds and real estate. I save consistently, invest conservatively and think long-term,” Markham says.

Ron HoltThe Persistent Business Owner

Ron Holt, 42, Birmingham, Ala.

Starting out: In 2003, Holt started a small cleaning service along the Gulf Coast of Northwest Florida with just two part-time employees and a handful of customers. He worked 70- and 80-hour weeks without a paycheck for almost two years to keep the business afloat.

“It was a grind, and there seemed to be no end in sight,” Holt says. But from the beginning, he had a “big dream” and a specific vision to slowly build a successful business and scale the brand across the country.

Finding success: Finally, after two years of struggling, Holt had a light-bulb moment to change the structure of the business, which signaled a turning point for Two Maids and a Mop.

“Every time we clean a home, the customer rates their level of satisfaction on a scale from 1-10,” Holt explains. “The rating directly determines the actual compensation for the two employees responsible for cleaning the home. The compensation plan saved my business early on and continues to serve as the business’s most unique selling tool.”

Once the compensation plan took hold, aligning the interests of employees with the customers’, the company grew quickly. From 2006 to 2012, Two Maids and a Mop opened 11 new stores across the Southeast. In 2013, they branched out intofranchising—and currently serve 25 markets across the country.

Holt’s business has allowed him to build a net worth of more than $2 million, affording him a million-dollar home and regular vacations to exotic locales like Turks and Caicos and Playa del Carmen.

But he’s still careful not to spend frivolously and to find savings opportunities when possible. “Every dollar spent inside our household flows through our family credit card,” Holt says. “In turn, we accumulate rewards points and travel the world. In most cases, our only cost is the entertainment while on vacation.”

Advice for others: “My story is pretty romantic today, but those early days were filled with stress, anxiety, fear and outright pessimism,” Holt says. “It takes more than just a healthy savings account or even good luck to build personal wealth because you will be tested daily throughout your journey. Creating a vision for my success is the only reason that I’m still standing today.”

That’s why Holt advises visualizing your goal, believing in it and respecting it. “Your success won’t be created overnight, but you’ll have the best chance of long-term success if you have faith,” he says.

That’s all for now. Until next time…

 

Peace ET