The Financial Griot

TFG Crew is back! (And recording the episode again since Lawrence forgot to hit record)

On Wednesday, August 24th, President Biden announced a massive student loan debt relief that directly impacts over 60 million Americans who hold an extensive amount of federal student loan debt. We discuss the groundbreaking news, the hidden details, massive opportunities to reengage in your tax planning strategy and more.

Opportunities come and go. It comes down to how you play the cards to lower your expenses and increase your wealth.

Although this is centered on the Massive Student Loan Reform, here's a bit more about us: 

The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity, and embracing changes. Beyond that, we talk about Finances. Specifically, how to become Financially literate, incorporate actionable steps, and ultimately build generational wealth.

Can you imagine being a Millionaire in 20 years or less? Yeah, it's possible. 80% of millionaires are the first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.

So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since the opportunity is abundant and Win-Win.

Find  the TFG Crew Hosts on Instagram 

Alainta Alcin - Blogger, Travel and Money Enthusiast @alainta_alcin

Lovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelus

Lawrence Delva-Gonzalez - Federal Auditor, Blogger, and Tax Specialist @theneighborhoodfinanceguy

Resources: 

For more  information about student loan debt relief.  https://studentaid.gov/debt-relief-announcement/

To be notified when the application comes out: subscribe to the US Dept of Ed's notifications. https://ed.gov/subscriptions and select "Federal Student Loan Borrower Updates"

With all the wealth building conversation centered around Real Estate Investing, the Financial Griot podcast tackles how not to be a Slumlord RE investor.

Lawrence shares his journey to becoming a first-time real estate investor.  His approach to investing in real estate; location, opportunity, and intentionally building wealth. Thinking ahead and investing for the future and the next generation; with the right level of help. 

Social Media and Real Estate

Social media makes real estate investing appear an easy lot of work and contracts you must read and understand. It's pivotal to choose the right type and quality tenants to prevent a bad real estate experience and high financial liability.

Resources: Aparment.com is a great systemic infrastructure for landlords. The website has a screening system with a criminal background and credit checks to use for potential tenants. You can set up a guarantor if the credit check for tenants is not great.

Detailed show notes, www.theneighborhoodfinanceguy.com

About Us:

The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity and embracing changes. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.

Can you imagine being a Millionaire in 20 years or less? Yeah it's possible. 80% of millionaires are first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.

So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win.

Find  the TFG Crew Hosts on Instagram 

Alainta Alcin - Blogger, Travel and Money Enthusiast @alainta_alcin

Lovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelus

Lawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist @theneighborhoodfinanceguy

In this episode of the Financial Griot Podcast, the hosts share their thoughts on modern Black culture, building wealth and changing priorities and narratives.

Currently median Black household wealth seats at $24k. Another recession would bring that number to $12k. According to The Road to Zero Wealth report, the median wealth of black Americans will fall to zero by 2053 if current trends continue. With spending up and credit card usage bolstering lifestyle creeps on social media, is Modern Black cultural zeitgeist detrimental to long term wealth building and wealth preservation.

Do we really want to have generational wealth?

Detailed show notes, www.theneighborhoodfinanceguy.com

About Us:

The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity and embracing changes. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.

Can you imagine being a Millionaire in 20 years or less? Yeah it's possible. 80% of millionaires are first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.

So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win.

Connect with TFG Crew aka the Hosts: 

Alainta Alcin - Blogger, Travel and Money Enthusiast @alainta_alcin

Lovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelus

Lawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist 

@theneighborhoodfinanceguy

Americans have an absolute mountain of credit card debt in 2022 — $841 billion, to be exact.

Overall, the national average card debt among cardholders with unpaid balances was $6,569. That includes debt from both bank cards and retail credit cards.

The four states with the most debt were all on the East Coast, while the three lowest were found in the South. There was a major difference in balances between the states at the top and bottom of our rankings, with New Jersey cardholders owing $7,872 and Kentucky’s owing $5,441. That means the average New Jersey balance is 45% higher than the average balance in Kentucky.

In this episode of TFG, the crew discuss how you can manage your money and specifically your credit better.

With interest rates rising due to inflation, national average APR at 15.13%, cash flow management will be key to keep your family afloat through the "not-a-recession" period. Your credit card debt is about to cost you more. 

So buckle up to find out what to do.

Detailed show notes, www.theneighborhoodfinanceguy.com

About Us:

The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity and embracing changes. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.

Can you imagine being a Millionaire in 20 years or less? Yeah it's possible. 80% of millionaires are first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.

So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win.

Connect with TFG Crew aka the Hosts: 

Alainta Alcin - Blogger, Travel and Money Enthusiast @alainta_alcin

Lovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelus

Lawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist 

@theneighborhoodfinanceguy

Getting into and out of a Recession is no easy feat.

On this episode of the Financial Griot podcast, the team discusses how we got to this point in which recession fears are looming and also what you can do pre-, during- and post recession to thrive. Millionaires are made during recessions. Learn how to position yourself to win. 

Detailed show notes, www.theneighborhoodfinanceguy.com

About Us:

The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity and embracing changes. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.

Can you imagine being a Millionaire in 20 years or less? Yeah it's possible. 80% of millionaires are first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.

So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win.

Connect with TFG Crew aka the Hosts: 

Alainta Alcin - Blogger, Travel and Money Enthusiast @alainta_alcin

Lovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelus

Lawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist 

@theneighborhoodfinanceguy

"A mid-year review is a great way to energize your annual goals and performance, in a little-to-low pressure way."

In this episode of the Financial Griot podcast, the crew is finally back together. On the table, our mid year recaps from major medical  expenses, new pets, inflation and looming recession; it's been a rough six months. Lovely also shares the lessons she is learning along the way. 

This is going to be heavy. To make this actionable, we highly recommend that you do your own midyear recap. Even invite some friends or family members. This is your opportunity to recalibrate.

Detailed show notes, www.theneighborhoodfinanceguy.com

About Us:

The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity and embracing changes. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.

Can you imagine being a Millionaire in 20 years or less? Yeah it's possible. 80% of millionaires are first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.

So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win.

Connect with TFG Crew aka the Hosts: 

Alainta Alcin - Blogger, Travel and Money Enthusiast @alainta_alcin

Lovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelus

Lawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist 

@theneighborhoodfinanceguy

In this episode of the Financial Griot Podcast, Alainta and Lawrence get schooled by James Bowman of Gen-Z Mon-E podcast. He gives starting early a run for its money. We talk about his financial pivot point, how he became a real estate owner who is closing on his next property during a period of high inflation and pessimism, as well as what's next.

The opportunity to get active is long overdue. Jump in there!

Detailed show notes, www.theneighborhoodfinanceguy.com

About Us:

The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity and embracing changes. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.

Can you imagine being a Millionaire in 20 years or less? Yeah it's possible. 80% of millionaires are first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.

So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win.

Connect with James Bowman (Gen-Z Mon-E Podcast): 

James Bowman - Financial Podcaster, Military Veteran and Real Estate Investor @genzmone

The one stop shop for personal improvement for your mindset and finances. Teaching Gen-Z how to earn and invest their Mon-E! Support the podcast: https://anchor.fm/genzmone/support

Connect with TFG Crew aka the Hosts: 

Alainta Alcin - Blogger, Travel and Money Enthusiast @alainta_alcin

Lovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelus

Lawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist 

@theneighborhoodfinanceguy

In this episode of the Financial Griot Podcast, Lovely and Lawrence talk about cash flow positivity during a time of high inflation and even higher prices. Most people don't know how much they spend monthly or even how much they earn. This is a good time to pause and do a mid year inventory so you can make sure your money management is up pre-recession.

It's up to you to be prepared for the next opportunity. 

Detailed show notes, www.theneighborhoodfinanceguy.com

About Us:

The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity and embracing changes. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.

Can you imagine being a Millionaire in 20 years or less? Yeah it's possible. 80% of millionaires are first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.

So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win.

Connect with TFG Crew aka the Hosts: 

Lovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelus

Lawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist @theneighborhoodfinanceguy

Home prices are up in the US. Fueled by once-low interest rates and available cash, prices skyrocketed as much as 30% in the two years since the start of the pandemic. As inflation pushes all-time highs, the Feds are increasing interest rates in as little as 24 increments through 2024. But what does this means for you?

Hopefully, this slows down price hikes but it's unlikely that the old price is ever coming back. In this episode of the Financial Griot podcast, the hosts will discuss changes in the market and how the pursuit for the un-affordable impacted society for the worst.

Do we want affordable housing or are we addicted to unaffordable lifestyles? 

Detailed show notes, www.theneighborhoodfinanceguy.com

About Us:

The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity and embracing changes. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.

Can you imagine being a Millionaire in 20 years or less? Yeah it's possible. 80% of millionaires are first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.

So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win.

Connect with TFG Crew aka the Hosts: 

Alainta Alcin - Blogger, Travel and Money Enthusiast @alainta_alcin

Lovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelus

Lawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist @theneighborhoodfinanceguy

In the wake of a myriad of shootings in the US, it's ok to allow people to grieve in their own way. Sometimes that grieving is messy. Unfortunately, there are times that the grieving leads to trauma stacking.

In this episode of the Financial Griot podcast, we discuss the need for real therapy with the goal that you end up doing the necessary shadow work. Your psyche can definitely keep you away from building wealth.

Tackle it. 

Detailed show notes, www.theneighborhoodfinanceguy.com

About Us:

The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity and embracing changes. Beyond that we talk about Finances. Specifically, how to become Financially literate, incorporating actionable steps and ultimately building generational wealth.

Can you imagine being a Millionaire in 20 years or less? Yeah it's possible. 80% of millionaires are first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.

So there you have it, The Financial Griot or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since opportunity is abundant and Win-Win.

Connect with TFG Crew aka the Hosts: 

Alainta Alcin - Blogger, Travel and Money Enthusiast @alainta_alcin

Lovely Merdelus - Entrepreneur and Small Business Growth Specialist @lovelymerdelus

Lawrence Delva-Gonzalez - Federal Auditor, Blogger and Tax Specialist @theneighborhoodfinanceguy