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Law of attraction

Opportunity to Serve

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FREE MONEY FOR SCHOOL
Opportunity to Serve

Financial Illiteracy Epidemic & Opportunity to Serve

Financial problems have reached epidemic proportions in our country, a crisis that causes major problems at both the community and national levels. Financial issues contribute to a variety of troubles many people face today: from crushing debt to retirement shortfalls. And the stress associated with financial issues can have devastating emotional impact. This epidemic hurts not only individuals, but the community as a whole.

Current statistics clearly indicate that many Americans are suffering greatly from a lack of practical financial knowledge. Reading these statistics and research is like looking into a crystal ball. Learning that as many as 75% of college students lack money handling skills tells us that those students are likely to run into credit problems in the future. Reading that the majority of U.S. adult workers have no savings or retirement plan tells us that those people will be unable to retire.

The U.S. economy is consumption-based. As people become unable to afford purchases- that reduces the country’s GDP. The whole world will feel the effects. But according to the NFEC, the country’s leading financial education providers, simply raising people’s personal finance knowledge empowers them toward secure futures.

Getting the message out is our main objective!

 

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I wish I had more time…

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Dear readers,

I hope everyone is doing well and getting back on track with their money matters, I know I am. Even stepping it up a bit in 2016. Ha! Yes, even with my hectic schedule, I took on yet another task. This one is a reading challenge. Pretty easy right?  Uh, no.Skeptical

Well, that’s what makes it a challenge, because you have to make time for it, and I must stay true to myself. With all my lifestyle changes due to health concerns, I hardly have time to breathe let alone read a book. But I made a commitment to some friends and I’m surely not going to back down from a challenge. winkingsmiley

“Working smarter- not harder”, that’s my motto. So, I’m looking into a project that will allow my books to be added to Audible. (No, that’s not a typo I’m a published author now, and I plan on writing more  smiley ) Oh, you didn’t know? I apologize, I thought I mentioned it in my earlier post “A Writer’s Life“. Yes, I finally got it done, although I almost didn’t! Yay for me! Like I said, my life has been very busy, and it’s not slowing down anytime soon. *Thank God*, it’s all good; I won’t complain. However, I’ve digressed from the topic at hand,which is listening to books on Audible. Don’t get me wrong, I like to hold a copy of a writer’s work in my hand and see their autograph, I’m only looking at an alternative way to max my time and win the above challenge. Hehe.

This is what I like about Audible. I save money and time by listening to a book through my headsets while I’m cleaning the house or doing other chores, and every month, I receive a free credit point that I can use to buy more books! Isn’t that awesome? I think so.

After the initial trial period, the monthly membership will more than pay for itself time and time again. I’ve been able to stay up on my reading game AND keep my life on track. It’s definitely worth trying.

Well, that’s all for now…TTYL.

Peace, love, and prosperity,

ET

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Ms. Banks

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entownerlogo1My children have a nickname they call me “Ms. Banks”- no not like the one and only Tyra Banks; but the mother who seemed to pull money out of thin air when there was an emergency.

That’s because I follow my advice and save for a rainy day. I know the gurus in finance like Robert Kiyosaki, Tony Robbins, and Dave Ramsey, say you can’t get rich saving money, and they’re right-but you have to start somewhere, right? Unless of course, you are an heir to a fortune or win money from the lottery; however, those are exceptions to the rule.

I wasn’t as fortunate as some, my life started out very rough and I wrote about my struggles in my book “Journey Into Finance” and what helped me along my journey. So, for most people in my circumstances, getting a job and saving money from their paycheck to reach a certain goal like purchasing their first car, is the most logical option.

Once the money is saved, then and only then can a purchase be made. My first car was a 1997 Toyota Corolla which I affectionately named “hooptie”. It was a used vehicle and had very high mileage, but it got me from point A to point B and further for a few years. A minimal investment of $500 dollars was the total cash price and I put $100.00 down for the lot owner to hold it for me. Each week I put $150.00 dollars aside from my paycheck for the car and insurance, and in 4 weeks, that “hooptie” was mine.  I invested in new tires, a designer steering wheel cover and she was good to go. When you pay for a car with cash, it doesn’t help your credit score though, so I had to use my bill payment history to begin showing my credit worthiness. Tip: never put your utility bill in the hands of someone else to pay, if they miss a payment, your credit suffers.

I’ve always been good at putting money aside and when I met my husband, he showed me how to coin pennies and then take them to the bank in exchange for dollars. Once I got it established. I’m very thankful for those early years, because it taught me how to persevere through the tough times and how to appreciate small things.

As I write this post, I’m proud of that nickname “Ms. Banks”. Happy Holidays.

Until next time…

Wishing you peace and prosperity,

ET