In the first part of this financial series we took the time to discuss credit and all that it entails, but in this episode we went a little deeper! We sat down again with our guest from the previous episode, Mr. Earl Jones, to discuss investing and how millennials can start to invest NOW through stocks, IRAs, etc. Earl also gave us some budgeting strategies and tips, advice on how much to save for an emergency fund and so much more! We hope you enjoy and please check out all of the AMAZING resources below!
Instagram Accounts:
@cheyennesaysso
@mtheceo
@epicallyiconic
@millennials2society
@earl.thethird (Guest)
@earljones.iii (Guest 2nd account)
Food for Thought:
Let’s Define The Relationship (relationship with finances)
1. Money is a horrible master (money makes promises that it can’t keep).
2. Money is a wonderful tool (build your wealth and use that to be a blessing to others).
3. Money is a tool to be mastered.
Resources:
Apps/Websites:
bankrate.com
Robinhood (for stocks)
Vanguard (research investments, buy & sell stock, manage account activity, etc.)
Books:
Set for Life by Scott Trench
I Will Teach You to Be Rich by Ramit Sethi
The Total Money Makeover by Dave Ramsey
Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter
Rich Dad’s Guide to Investing by Robert Kiyosaki
Programs/Movements/Podcasts:
Financial Peace University (program)
Social Media Marketing Agency (program)
Tulsa Real Estate Fund (funds minorities that are trying to get into real estate)
Bigger Pockets Money (podcast)
Other Finance Resources:
Rule of 72 Investment Concept: determines how long an investment will take to double given a fixed annual rate of interest.
S&P 500: index that tracks the 500 largest companies in the US.
Municipal bond funds: opportunity to invest; tax-free.
F.I.R.E. movement: live on no more than 70% of take-home pay.
Who’s Who in Finance:
Dave Ramsey
Robert Kiyosaki
Jay Morrison
Scott Trench
Grant Cardone
Brandon Turner
Tai Lopez
Stephen Liao
Rashaun Williams
Highlighted Local Business:
N/A