Getting Off The Planation part2

Getting Off The Plantation Prt.2

In the last issue, we discussed three very important steps to begin to move out the rat race. Step 1, was to create a nest egg while at the job three times your monthly income. Step 2, step up weekly goals that you can reach at the end of each week. After setting up weekly goals, then move on to monthly goals, and then start long term planning 3-6months out so that you can slowly move yourself from the rat race. Finally, there is something called Application, one must learn by doing for you think you know, but don’t until you try. Okay, now that the basics are covered we can get into some real talk. There are many people who are wealthy in this world do to one of several reasons. The first is they inherited there wealth for example, The Kennedy children started out in the game with a 100million dollars. Secondly, you are a crook (i.e. Enron, World com etc. corporate crooks) Finally, you have a talent of some sort and you use the gift God gave you to create considerable wealth. For those of you who say L.U.C.K plays a part L.U.C.K really means’ Laboring Under Correct Knowledge, as Jay Z put it “you create your own luck”. So, if you don’t understand how in the hell the game is played,then you will get played due to a lack of knowledge. Lets’ start with these basic elements before we get back to the three ways people become rich. You got your money and your credit together right. Now you have extra money to play with. The question that remains is what should you do with the extra money? In my personal opinion, you should start looking for places to invest in (real estate, money market funds, stock bonds, annuities, 401 k etc.). These are long term investing programs that will give you more interest on the dollar than the bank would give in a regular savings account. You got 3x the monthly income stashed away, bills caught up, and your credit straight, now its time to go from being in the red to getting into the green. Well, putting your money into these investment avenues is the first real step to getting out the rat race. If your situation is comfortable then you can get more out of it, and placing money into these vehicles will help. For those of you who don’t pay attention to detail, and want to ask a thousand question, all I can say to you is this is the start to generational wealth, and why the white kids start out with money in the bank,and black kids don’t. We don’t pass down any money making assets like real estate, self own business, stocks, and bonds etc. down to our children. Black children start out in the negative. This is the basic blue print to obtain so form of financial freedom, but just remember nothing comes without paying a price. These things don’t happen over night so patience is very important when you are acquiring wealth.


In the next issue we will expound further on the topic of getting off the plantation.

Getting Off the Planation

Getting Off The Plantation

Are you sick and tired of being sick and tired? Tired of just having enough money to get by on, to pay your bills with, or to have some sort of social life while trying to be happy. Well, in this issue we will discuss the possibility of you, the employee, getting off the Master’s Plantation and becoming free. This will lead to mental, physical, material and spiritual prosperity. When I say get off the plantation I mean becoming your own boss or being in control of your life in such a way that you really only answer to yourself. So many of us are walking around with no plan or direction. This leads to stress, depression and unhealthy lifestyles that affect us in so many ways. Jawar of The Music Industry Connection states, "YOU MUST HAVE A PLAN AND THEN EXECUTE THE PLAN IN ORDER TO ARRIVE AT THE GOAL." How many of you have a plan to survive if you were to receive a Pink Slip today with no warning? I am sure it would not be too many. This just happened to me about a month ago. For those of you who know me, you know what I am talking about!!!! By the good graces of God I had money stashed away and was able to continue my normal lifestyle so that I did not fall by the way side. The first thing that one must understand is that a J.O.B really means Just Over Broke. If you are like so many black folks you are just living pay check to pay check. I am going to give you some suggestions that you may use to advance and begin to create small steps toward getting off the plantation. In no way am I a licensed professional, but through my experiences I have been able to learn some things that may help others who seek and desire the knowledge that will allow you to get the chains off your hands and feet.


Step 1 1. Create a nest egg while at the job three times your monthly income. For example, if you make 3,000 a month and you bring home 2,500, after taxes, then you want to have 7,500 dollars stashed away. That way if you were to lose your job then you could still maintain your lifestyle while you position yourself to get back on your feet. If saving is a problem because of your current situation or income, then begin to by taking small amounts out your pay check (example $50.00 a paycheck) and put it to the side so that you can begin to grow a small nest egg. Another way is to work on your credit so that you can have access to capital if needed. You should have at least a 5,000 to 10,000 credit limit option so that you can maintain a comfortable lifestyle and not go homeless. Just keep in mind that you have to pay back the money you borrow from the credit card, so its best to try to save 3 times the monthly income. Step 2. After completing step 1, then begin to setup weekly goals that you can reach at the end of each week. After setting up weekly goals, then move on to monthly goals, and then start long term planning 3 to 6 months out. These small steps will help you see where you came from and where you are going so that you can begin to gradually remove yourself from the Rat Race. Step 3 Finally, there is something called Application. John Dewey stated, "That ONE Must learn by doing for he thinks he knows but doesn't until he tries!" You have to be willing to fail in order to succeed. How many times did Micheal Jordan miss the last second shot? It was probably more than you care to remember. The point is that the reason we can remember the ones he made is because he was willing to try to hit the last shot. These are just a few suggestions that can get you started on a road to getting your life back while you achieve some small level of success for yourself. I will discuss some things in more detail in the next issue of “Planning and Freeing Yourself From The Rat Race.” Also, when your boss starts tripping on you, instead of you bitchen you can look him/her in their eyes and say loud and proud KISS MY ASSSS!!! (NOW THAT IS FUNNY). Just remember to work the plan. Corporations plan out five to ten years of what they are going to do, so why can't you?


In the next issue we will expound further on the topic of getting off the plantation.

Can You See Freedom

In order to be free you have to see visualize it and believe you can be free. You must get clear mentally meaning you got to let go of the bullshit, and say you want to achieve something so great that only God knows that you can do it . Finding freedom from a job is a task that will require you to let go of friends that are in the way,family that keeps doubting you,and jobs that are holding you back.

This is the first quarter of the year, so getting off to a good start is so important while working toward your goal. Start saving money during the recession,because this shows discipline and allows you to get your emergency fund together for future emergency. It may get lonely but remember you are striving for your goals while others are partying, having sex, and sleeping late you are putting in What Napoleon Hill calls faith work. Faith is something you can't see visually but you know its there,because it got you to the place of destination when it seem like nothing was working for you. Freedom is in the horizon for those that want it follow me and we can be free together.


peace
coolwater

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Get Clear Get Free & Get Money

Before You Refinace Educate Yourself First

Refinancing a mortgage can be a great way to save money, but if you are not careful then you might find that your refinanced mortgage loan will actually end up costing you more than your original loan did. You should make sure that you do not rush into refinancing a mortgage loan, taking the time to consider whether you would be better served by keeping your current loan or refinancing with a new loan. In order to help you to decide whether refinancing is right for you, ask yourself the following questions before you refinance.

Can I get a better interest rate?

Before you refinance, always take the time to check the interest rate you will have to pay. Though many commercials and advertisements might say that it is a great time to refinance, you will find that more often than not the same advertisements will appear regardless of whether rates are low or high. Take the time to shop around before you refinance, and collect rate quotes that you can compare to your current mortgage rate. That way, you can make sure you will be paying less for your new loan than you are for the mortgage loan you currently have. If you find an exceptional deal on an interest rate then you can end up saving thousands of dollars on your mortgage over the course of repayment. Consider and weigh both the total of payments over the long term as well as any “savings” you may receive on the monthly payment. Sometimes a lower payment now means a higher cost overall, but not always.

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Refinace Educate Yourself First

The Presidency and The Economy

Now that we have a new president will you fin aces get better that is the? My personal opinion is that the economy will get worst and your money will not improve, because of our new president. What I do know is that you have to continue to build a financial plan cash machine for yourself and your family. You are responsible for your situation and your money not the president so don't believe the hype when you hear "No More New Taxes". Loral "Live Out Loud" is teaching millions how to become a millionaire through creating a cash machine.

The economy whether it get bad or worst wont have much of an effect on your money if you plan well and stop waiting on someone to save you(The President) from all your worries and problems.

cool water

Economic Panic 2008

It seems the only thing on the minds of American's today is the economy. Are we in a recession? Is this going to be the start of a second great depression?

The media has come up with a name that seems to be sticking... it's now dubbed 'Economic Panic 2008'. So we can all stop wondering what to call it now! Whew! So far it's the best one I've heard! And really it's exactly what it is... panic.

I'll agree that times are tough for many and there's some reason for concern. The question is how much of this 'Panic 2008' really concerns you?

Before we get into that, we should review the definition of Panic - (noun) a sudden overwhelming fear, with or without cause, that produces hysterical or irrational behavior, and that often spreads quickly through a group of persons or animals.

Economic panic causes people to use poor judgment. So, before you fall into a financial schizophrenic episode, get your personal facts straight. Especially in times of wide spread panic you need to know the facts about your business and not just your Cash Machine. You have to think like the CFO of your personal finances. It's the only way to keep clear and not get swept up in the hype. Know your bottom line and take guessing out of the equation. If you're saying things like, "well I'm pretty sure about (blank)..." you need to have a sit down with your financial filing cabinet. If you don't have one, do it now!

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The Coming Economic Crash

Good Morning,

I was doing some research on the events in the U.S. Stock Market and just
happen to stumble up on the Stock Market Crash of 1987. On October 19, 1987 the Stock Market crashed to S&P 500 fell about 20% leading to the fall of the market. The problems in the trading systems interacted with the price declines to make the crisis worse. One notable problem was the difficulty gathering information in the rapidly changing and chaotic environment. The systems in place simply were not capable of processing so many transactions at once. Uncertainty about
information likely contributed to a pull back by investors from the market. Another factor was the record margin calls that accompanied the large price changes. While necessary to protect the solvency of the clearinghouse processing the trades, the size of the margin calls and the timing of payments served to reduce market liquidity. Finally, some have argued that “program trades,”
which led to notable volumes of large securities sales contributed to overwhelming the system.

History Always repeats its full so its time you protect yourself and your assets

peace coolwater

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