10 Tips to Clean Up Your Finances This Spring – MoneyMonday

When it starts getting warm again, don’t just spend all of your time cleaning out the garage. It’s also a great time to spring clean your finances.

Here are the steps:

(1) Get Organized
(2) Tidy Up a Few Things
(3) Spring Forward with Your Goals

Check out this video for detailed tips for all three steps.

What are your best financial spring cleaning tips?

The 4 Ps of Financial Prosperity #MoneyMonday

HitLikeButton

I came across a pretty disturbing study that uncovered the fact that the richest 85 people in the world own as much wealth as the bottom 50% of the world population. Thats’s right, 85 people own as much as $3.5 billion people!

People hate to talk about wealth inequality for fear of being accused of hating capitalism. I, on the other hand, feel as though it must be discussed because I believe such a great disparity threatens our future security.

After all, when people are hungry, their politeness goes out of the window.

I do believe that people that want to build wealth can do so if they understand how to play the game. Here is my simple framework on how to start building wealth in 2014 in the form of my “4 Ps.”

The 4 Ps of Financial Prosperity

 

      1.  Potential – I frequently say “If you focus on living up to your potential, you’ll never have to worry about living within your means.” Get intense about being the best at your craft, and you’ll have enough resources where you won’t be worrying about whether you can afford latte today or not.
      2. Products - The wealthiest people have something to sell.  You may beed to start selling a service (i.e .bookkeeping, grass cutting, etc), but eventually you want to sell products that don’t require your ongoing time (i.e. books, courses, packaged goods, etc.)
      3. People - If you’re trading your time for money, you soon realize that there are only so many hours in the day.  You need to have people working for you in order to have a real, scalable business
      4. Property – Wealthy people own assets that they generate income from.  These assets could be in the form of stocks, bonds, annuities, real estate, etc.

Enjoyed this article? Click here to get more articles like this directly to your inbox

Why You Should Be a Mentor #MentorMonday

NOTE: I am participating in a compensated campaign to promote Pittsburgh Public Schools We Promise program. I am a strong supporter of mentoring programs, therefore all opinions remain my own. #IAmWePromise #PPSMentorsMatter

 

You Should Be a Mentor

Are you a talented, experienced professional with many life lessons learned that could be of benefit to others?  If you read my blog, my assumption is that you are.

As such, I’d like to make a strong suggestion that you should be a mentor.  Especially if you are in the Pittsburgh area.

There are a number of African American male students in the Pittsburgh Public Schools that could use advice from someone life you!

Not quite convinced?  Check out this week’s special Money #MentorMonday video for the top 3 reasons that you should become a mentor.

 

Remember All of Those Mistakes YOU Made?

When I talk with clients about financial mistakes they’ve made in their lives, I hear one statement over and over again:

[quote style="boxed"]If only I knew then what I know now”[/quote]

Here’s your opportunity to make sure that other young people don’t have to utter that statement.

 

The Media Isn’t Going To Do It

Have you watched TV lately? Our young men need to see more people like you in the flesh, because according to the media, you don’t exist.

 

Everyone Can Use a Cheerleader

When I was very young, my parents and my teachers made me feel like I was smart. I’m not sure if they were lying to me or not, but I believed it. They gave me confidence and a sense that great things were expected of me. Those feelings drive me to this day.

Spend some time mentoring a few young men and you can inspire them to do things they’ve never dreamed of.

 

Interested? Here’s the next step:

If you’ve ready to share your knowledge, expertise and encouragement with young African American males with great potential, please take a look at the Pittsburgh Public Schools’ We Promise Program, and initiative designed to ensure that these young men become eligible for the Pittsburgh Promise.

Eligibility for the Pittsburgh Promise means that these young men can obtain up to $40,000 to fund their college education.  As you can see, there’s a lot at stake.

Head over to the We Promise Program fort more information on how you can get involved.






It will be beneficial for you, and priceless for the young men.

 

Financial Lessons Learned for 2013 #MoneyMonday

HitLikeButton

 

Have You Learned Your Lesson?

There were a number of significant events that impacted our wallets in 2013.  Here are some of the lessons that we take with us into the new year.

      1.  Diversify Your Income – The bankruptcy filing by the City of Detroit shows how dangerous it can be to rely on one employer for your entire financial future. Don’t put all of your retirement eggs in one basket.
      2. Get Comfortable With Investing – All of the major stock market indices are up more than 25% this year.  Now more than ever, you are responsible for your own retirement. You must learn how to manage and grow your assets.
      3. Commit to Lifelong Learning – You must continuously reinvent yourself to keep pace with technology and the changing economy.  As Blockbuster and Blackberry if they wished they had done the same.
      4. Take Your Health Seriously – The Obamacare rollout, and its problems, highlight just how big of a deal health care is. The thing is, 75% of healthcare expenditures are largely preventable.  Take care of your health and you will lower your costs and increase your earning potential.
      5. You Are Not Invincible – Unfortunate events can happen at any time.  Make sure that your life insurance and your important documents are in order.

Enjoyed this article? Click here to get more articles like this directly to your inbox

My Favorite Things 2013 #MoneyMonday

Check out the links below to find more information on my favorite things of 2013:

MAKING MORE MONEY

The stock market has done well this year!

Stock-Market-Trade

 

 

 

 

 

 

 

 

Jab, Jab, Jab Right Hook

gary-vaynerchuk-jjjrh-1

 

 

 

 

 

 

 

 

Get an Elite MBA for free

MoocClash

 

 

 

 

 

 

 

SAVING MONEY

MoviePass

MoviePass

 

 

 

 

 

 

 

 

 

MagicJack Plus

ymax_magicjack_plus_1182263_g1

 

 

 

 

 

 

 

Yapta

yapta

 

 

 

 

 

 

 

 

 

 

SPENDING WISELY

Google Chromecast

Chromecast1

 

 

 

 

 

 

 

 

 

COIN

coin_card_one_size_fits_all-454x400

How to Overcome the Top 5 Financial Fears #MoneyMonday

HitLikeButton

 

What Are You Afraid Of?

Freddy Kreuger. Public speaking. There are a lot of things we can be afraid of, but money isn’t one of them.

Are you currently dealing with any of these fears?

1. Losing your job
2. Running out of money
3. Something happening to you
4. Caring for your parents
5. Failure

Watch this week’s episode of #MoneyMonday to find out how to face and ultimately overcome these fears.

Like this video? Let’s Connect!
FACEBOOK: http://www.facebook.com/robwilsontv
TWITTER: http://www.twitter.com/robwilsontv

How to Get Paid What You’re Worth #MoneyMonday

HitLikeButton

 

Are You Ready To Finally Get Paid What You’re Worth?

It sure would be nice if there was a “fairy job mother” who would come down and leave significant salary increases for us each year. Sadly, no such thing exists.

If you want to make more money at your job (don’t all employees?) then you are going to need a plan.

Check out this episode of #MoneyMonday and you’ll come away with the process and tools necessary to significantly increase your salary at your next review.

MoneyMonday – Reading is FUND-amental

Sure, you want to get a great tan this summer, but I’m sure you’d like your bank account to look better too!

Here are my suggested items you should read if you’re interested in spending your summer getting Healthy, Wealthy & Wise.

 

 Eat This, Not That – David Zinczenko, Matt Goulding

Your health might not be the first thing you think about when you decide to improve your finances, but trust me,you should.  60% of personal bankruptcies in the U.S. can be attributed to health problems i.e. huge medical bills or job loss due to illness.

The journey towards a healthier lifestyle starts in the kitchen.  Eat This, Not That, will help you swap unhealthy foods for more nourishing ones that will still satisfy your cravings.

You can’t cut everything out of your diet, but you can make better choices.

 

Lean In – Sheryl Sanderg

Sure, there’s been a lot of talk about important a book this might be for women who are trying to find their way to the top of their industry.  However, I believe that many of the principles in the book apply to men as well.

Much of the book Lean In is about channeling your ambition and leveraging your network and other tools to get to the place that you want to be in life.  That certainly isn’t gender specific advice.

Plus, since it’s been confirmed that women are now the primary breadwinner in 40% of American households, men would do well to read this book in order to be good, supportive partner to their wives.  This book helps put women’s unique challenges into focus, and offers ample advice on how to forge past them.

 

The 5 Love Languages – Gary D. Chapman

We’ve already talked about the #1 cause of bankruptcy…health issues. Do you know what #4 is?  Divorce.

Yes, 50% of marriages end in divorce, and there is an ample amount of attorneys waiting to siphon off your marital assets while you two argue over who gets to keep fluffy. Divorce can wreak havoc on a financial plan.

Enter The 5 Love LanguagesIf you’ve been having trouble communicating with your mate, this book might be a godsend. Not everyone expresses their affection in the same way, and this book will help you translate the love language your mate speaks.

Because it’s much better to get on the same page voluntarily, than be forced to get on the same page…as in your signatures on the divorce papers.

 

 

MoneyMonday – The ’13 Benji Awards – The Stocks You Wish You Bought Last Year

Daniel Day Lewis may have won an Oscar for his role as Lincoln, but around here, we’re more concerned with the Benjamins, as in Franklin and the $100 bills with his face on them.

Here is my annual installment of the Benji awards. All of the stocks you wish you would have bought last year.

Enjoyed this video? Let’s Connect!
WEBSITE: http://www.robwilson.tv
FACEBOOK: http://www.facebook.com/robwilsontv
TWITTER: http://www.twitter.com/robwilsontv
LINKEDIN:http://www.linkedin.com/in/robwilsontv/

MoneyMonday – How to Talk to Your Mate About Money

You’ll get a free pass on Valentine’s Day, but if you want to stay happy for the rest of the year, you’re going to have to be able to talk about money.

Here’s how to handle the three way relationship between you, your money, and your mate.