Why the difference? Because women earn on average $0.80 for every dollar a man earns.
Therefore, men have to save less and women have to save more in order to reach the same goal of fill in the blank $ dollar amount here.
WHY IS SAVING SO CRUCIAL?
No one can arrive from being talented alone, work transforms
talent into genius. – Anna Pavlov
All wealth building starts with saving.
Don’t let anyone tell you any different.
Sure you may have to invest and diversify your money such as investing in stocks, real estate, and bonds, but you have to save money FIRST before you can buy or invest in anything.
If you have ever read a Jane Austen or Charles Dickens novel, then you know the theme always comes around to money.
Considering that Jane Austen never married and Charles Dickens grew up in a poor house, it is not surprising that the authors chose to hone in on this topic.
The sorted topic of coin. Both authors are British and in that society they have a class system.
You are either born into wealth and inherit it or you must
work for many years and earn your fortune.
Many of the landed gentry lived off of their land. Profits that were made from owning land was how they made a living.
That monthly sum could be the difference between prosperity
and being locked away in poor houses, which were a form of jail for the poor.
Here in America, we do not have a class system of royalty, nobility, tradesmen, shop keepers and owners, or farmers.
However, we do have a social ranking and social class. Those are the haves and the have nots.
If you want to find yourself in the realm of having, then
you best start saving money for your future today.
Many years ago, I was laughed at for my paltry savings
amount of 9% per year.
Now I am saving over 40% of my income.
No one laughs at me now.
HOW SAVING MONEY CAN MAKE YOU HEALTHIER
They say wealth equals health. And that is an understatement
if I ever heard one.
Having money allows you to pay for all of your needs.
This includes doctor visits, healthy food, and medicine.
Eating well not only affects your waistline, but also your
brain functions.
It is said that children that do not get the proper rest,
nutrition or eat breakfast before school perform lower on tests and have harder
times concentrating.
Success depends in a very large measure upon individual
initiative and exertion, and cannot be achieved except by a dint of hard work. –
Anna Pavlov, Prima Ballerina
When you have the means to pay your bills, eat, and work in
good health; then you are fortunate indeed to be able to pay your own way.
Being able to afford your monthly nut just makes you happier
overall.
You are protected from the pitfalls of many of life’s
hiccups.
You can get just as much pleasure saving as you can from spending.
I seem just as happy being able to have the ability to
afford items than am to actually purchase them.
It is a great feeling to payoff debt. Every check you write frees you from obligation to lenders. Then your money can stop serving THEM and start serving YOU.
Make a goal to write down evet single bill you have and
person you owe.
I started doing this and tackling every debt I had one by
one.
Once I paid of my car, I owed $30,000 and my personal loan,
I owed $20,000, then things started really taking off from there.
I was able to take these monthly payments, $450 and $333
respectively, and start investing that money. Now that money works for me in
the stock market.
Here is one stock I recommend: VFINX or VFIAX. (You can also invest in the VTSAX or any equivalent)
Portfolio composition of VFIAX
Month-end 10 largest holdings (22.40% of total net assets) as of 03/31/2019
1
Microsoft Corp.
2
Apple Inc.
3
Amazon.com Inc.
4
Alphabet Inc.
5
Facebook Inc.
6
Berkshire Hathaway Inc.
7
Johnson & Johnson
8
Exxon Mobil Corp.
9
JPMorgan Chase & Co.
10
Visa Inc.
Whatever you do just make sure you not just SPEND money but SAVE money.
Attitude is more important than the past, than education, than money, than circumstances, than what people do or say. It is more important than appearance, giftedness, or skill. – W. C. Fields
That quote from W.C. Fields could not more accurately describe this film. The Gods of Olympus rule the world of man. And those who disobey or hurt others are punished.
I have learned that my attitude dictates everything around me including my ability to build wealth. A positive attitude can move mountains.
This mythical tale of Perseus, son of Zeus, and his quest for the ‘fair’ Andromeda, Clash of the Titans was released on June 12, 1981.
Why is Greek mythology important?
Greek mythology is the body of myths originally told by the ancient Greeks. These stories concern the origin and the nature of the world, the lives and activities of deities, heroes, and mythological creatures, and the origins and significance of the ancient Greeks‘ own cult and ritual practices.
Clash of the Titans is a 1981 British-American heroic fantasy adventure film directed by Desmond Davis and written by Beverley Cross which retells the Greek mythological story of Perseus. It stars Harry Hamlin, Judi Bowker, Burgess Meredith, Maggie Smith and Laurence Olivier. The film features the final work of stop motion visual effects artist Ray Harryhausen.
In the Mount Olympus, Zeus (Laurence Olivier) destroyed the city Argus with the Titan Kraken to punish King Acrisius (Donald Houston) that sentenced his daughter Danae (Vida Taylor) and her son with Zeus Perseus to death in the sea. Zeus orders Poseidon to save them and Perseus grows up in a paradisiacal island with his mother.
Years later, Zeus punishes Calibos (Neil McCarthy), the evil son of the goddess Thetis (Maggie Smith) and fiancé of Princess Andromeda (Judi Bowker), turning him into a monster doomed to live in the swamps.
The vindictive Thetis curses Andromeda with a spell and every suitor should solve a riddle; otherwise he would be sentenced to the bonfire. Further, she brings Perseus (Harry Hamlin) while sleeping half-naked to the City of Jopa but Zeus gives magical helmet, shield and sword to his son for self-protection.
When Perseus sees Andromeda, he falls in love with her and uses the magic outfits and Pegasus to discover the answer of the riddle with Calibos.
But Thetis dooms Andromeda to be sacrificed to the Kraken otherwise the City of Jopa and the inhabitants will be destroyed by the Titan. Perseus now has to defeat Medusa and the Kraken to save his beloved princess.
The saga of Perseus, the mortal son of Zeus, and the intrigue among the Gods of Olympus, is brilliant presented in this magnificent film. The delightful story is supported by an outstanding international cast, with names such as Laurence Olivier, Burgess Meredith, Maggie Smith and Ursula Andress, and by fantastic special effects, considering this is a 1981 movie. The golden mechanical owl Buba is hilarious and responsible for some of the best moments in this film. This epic is a wonderful and highly recommended entertainment for the whole family. I do not recall how many times I have had the pleasure of watching this film.
WEALTH IS NO SUBSTITUTE FOR HUMILITY
Zeus watches over everyone in Mount Olympus. Especially, that of his children and those of the other Gods, many of whom have children with mortals.
It has become known that Thetis’ son Calibos, who has been spoiled and given every advantage in life, is cold and callous. He abuses and hurts others. For this, Zeus punishes him. His son Perseus, who was given none of those advantages or indulgences of Calibos, is punished by Thetis in retaliation and dropped in the middle of their war between each other.
I found it very interesting that Zeus was willing to punish Calibos for being inhumane and uncivilized. He let the punishment fit the crime.
This is a reminder that life is not fair and no deed goes unnoticed, good or bad.
You should live your life like it will hit the front page of every newspaper. Best to eat humble pie than be served a dish that is best served cold.
WITH MONEY COMES POWER AND WEALTH BRINGS PROTECTION
Being in power means you can make things happen. If you read the stories of Napoleon Bonaparte, The War of the Roses, Winston Churchill, or any leader or influencer you will find a theme.
Success leaves clues.
Regardless, of whether or not you are born into wealth, it is your job to manage all that you have. This is done by controlling your thoughts and actions.
Did you know that most generational wealth is gone within three generations?
According to MarketWatch, about seven in 10 wealthy families lose their fortune by the second generation, according to a study of more than 3,200 high-net worth families by the Williams Group wealth consultancy. By the third generation that number has jumped to 90%.
That means the parents and grandparents make the money, and the children and grandchildren spend it.
After doing some more research, I discovered the following:
If you earn more than $34,000 per year, you are in the top 1 percent globally.
Most wealth is not inherited. You have to work for your meal. There is no FREE LUNCH.
According to the book The Millionaire Next Door, most millionaires are worth between $1 million to $5 million.
In the film, Zeus provides Perseus with incredible weapons that are magical to protect him. This would not have been possible if his father did not have access to those things.
The reason you want to have financial independence is because you can protect yourself and your loved ones.
FIND YOUR PASSION AND CREATE YOUR FINANCIAL DESTINY
Perseus gets sent to Jopa where Calibos ex-fiance is cursed by his mother Thetis. He decides to find out the answer to the riddle so that he may marry the princess Andromeda.
One of my favorite parts of the film right here. Perseus was smart in the way he found the answer. This is what you are supposed to do in life. Find a goal. Make a plan. Execute. Same rules apply to personal finance.
I set a goal of saving first 10% of my income. Then it kept growing from there. I set the following savings goals:
Save 15% of my income
Save 20% of my income
Save 25% of my income
Save 30% of my income
Save 35% of my income
Save 40% of my income
Save 45% of my income
Save 50% of my income ➡this is my next goal 💰😉
My savings goals:
Year one: 5% ✔ Year two: 10% ✔ Year three: 15% ✔ Year five: 25%✔ Year seven: 40%✔ Year ten 55%
Always keep moving forward. No matter how long it takes.
After Perseus defeats Calibos, he spares his life only if he lifts the cure on Andromeda and he agrees.
He then goes to demand his mother seek out vengeance on Perseus. This is wrong. Perseus won in a fair fight with hand-to-hand combat. However, his mother does what he asks. Thereby putting Perseus on another quest to yet again save Andromeda and risking his life in the process although he committed no crime. He must now face Medusa.
Justice or Revenge
the Gorgon Medusa
NEEDS VS WANTS
Knowing what your needs versus wants are is how you will achieve your goals.
Perseus must face Medusa in order to save Andromeda.
Who is Medusa?
In Greek mythology, Medusa was a monster, a Gorgon, generally described as a winged human female with living venomous snakes in place of hair. Those who gazed upon her face would turn to stone.
What is the legend of Medusa? In later myths (mainly in Ovid) Medusa was the only Gorgon to possess snake locks, because they were a punishment from Athena. In a late version of the Medusa myth, related by the Roman poet Ovid (Metamorphoses 4.770), Medusa was originally a ravishingly beautiful maiden, “the jealous aspiration of many suitors.” Accordingly, Ovid relates that the once beautiful mortal was punished by Athena with a hideous appearance and loathsome snakes for hair for having been in Athena’s temple and being pursued by Poseidon.
Simply put, she was punished for being too beautiful.
In the film, Perseus only did what is absolutely necessary. Veering off course, even just a little could spell disaster. Same goes for wealth building.
An asset can be something useful or growth in value. It can be both.
Purely from a monetary standpoint as assets pays/feeds you.
From Maslows Hierarchy of Needs a home is an asset as it shelters you.
How I felt when I paid off my car (in 2009) which was $30k and then rerouted those funds to my retirement account. It took years and lots of discipline to do, but thankfully I made it. Do not ever give up paying off what you owe to be financially free. #nodebt#debtfreepic.twitter.com/QmHjeT3fed
No more trials against Perseus for he has confronted them and he has won.
The gods predict that Perseus and Andromeda will live happily, rule wisely, and produce children, and Zeus forbids the other gods to pursue vengeance against them. Zeus commands, “I forbid any revenge against Perseus.” He has triumphed and he shall be rewarded.
The constellations of Perseus, Andromeda, Pegasus, and Cassiopeia are created in their honor.
I feel that like Perseus, I have been underestimated.
It took many years to achieve the goals I had set for myself. Some of which I am still working towards. And as one is crossed off the list, others are added. However, as I once told my sister, I had my back against the wall and was down but not out.
It took every ounce of energy and willpower I had, but I started taking control of my financial life and never looked back.
All those times of wondering how I would pay the bills, get to the end of the month before getting through the end of the money, and living check to check was no more.
I had prevailed against every obstacle, trial and tribulation, and test that had come up against me. There would be no more trials of continuing to go into debt against me. For I had triumphed and I had won!
I have been doubted. I have been underestimated. I have been overlooked.
So, I decided:
To read 25 books a year To invest 25% of of income To save 40% of my paycheck
Let’s all welcome Michael of Financially Alert. Michael is a FIRE (financial independence retire early) blogger. He retired early after accumulating over a cool million from hard work and sacrifice while building a business. Or was it two million? Can’t remember. Doesn’t matter cause he’s here sharing part of his story with us! He graciously accepted my invitation for an interview. Well Michael you have officially been Greenback’d. 🤣
Just some quick background information.
I was introduced to Michael’s blog from a Google search I did for last years FinCon, where media meets money conference.
I was unsure if I should go or what to expect.
His website kept popping up on advice when attending a conference including FinCon. It was so thorough that I decided to do what he said and I reached out to him via email to ask if we could meet at the conference. And to my surprise he said yes!
He was pleasant, laid back, and super down to earth. He was even kind enough to send me an email and asked me to lunch! This is what it’s like meeting Michael. We ended up hanging out for a pretty good chunk of the 2nd day of the conference.
I met so many people that I couldn’t even count! So I introduced Michael to a lot of them. We could barely keep track of so many new faces.
Michael even introduced me to the founder of FinCon, PT Money.
After the conference ended, I took his advice and reached out to people to be on the blog and send invitations. And here we are today.
Let’s go!
MEET MICHAEL AND LEARN HOW TO BECOME FINANCIALLY ALERT
Starting A Financially Alert Money Blog
What prompted you to start a blog about money?
I started my blog as a way to share good money habits and knowledge with those of us who weren’t given the exposure to sound financial principles. Becoming financially alert is less about a number, and more about developing a smart and practical mindset around money. If you have the right money mindset, the mechanics are easy and your money will keep growing. I also want people to realize money is simply a tool. It can be used for good things, and likewise bad things. However, in my experience, those who feel in abundance are more likely to share with others who do not.
Why blog?
I've had people wonder what a blogger REALLY does? What is a petsonal finance blogger? Is that a real thing? Blogging about money.
Yes, sir. It is.
I and many others try to help people with financial literacy.
My blog is LEGIT!!! Put some respeck on my name!!!
“Tonight, darling, we are going to right a lot of wrongs. And we are going to wrong some rights. The first shall be last; the last shall be first; the meek shall do some earth-inheriting." – John Green, Paper Towns #papertowns
Ahh… there are so many. But, in terms of impact, Rich Dad Poor Dad really breaks things down into simple digestible concepts. I love his cash flow quadrant which speaks to the different ways people earn money.
GBM Miriam: I am providing a copy of The Rich Dada Poor Dad Quadrant for inquiring minds!
Let’s break it down.
Once you understand cash flow, you can really begin to grow your money with intention.
3. What are you reading right now? What’s on your night stand?
Dustin thoroughly guides you through the real estate investing process.
GBM Miriam: And I too love to read. I am reading several books about money right now!!!
GBM Miriam: That reminds me of the real estate website Bigger Pockets. I read their book on How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started. And I did a post on it.
I grew up wanting to working the movies as a special effects guy. So, when I sold my business, I took some time to myself to attend a special fx class. It was pretty fun to blow up a car – don’t try that at home kids!
In that interview, I read that you would like to travel to island with the amazing animals, it’s called Galápagos Islands. I’ve always wanted to go since I saw that video about it at the Virginia Aquarium. It looks so cool. And watching stuff blow up is right up my alley! No wonder we got along so well at FinCon18. This was a really good post. Thanks for sharing so much about yourself. I too noticed that PoF was everywhere. I had to step my game up because of him. 😉
And yes ladies and gentleman, that Tony is motivational guru and New York Times best-selling author Tony Robbins! Here is the photo Michael posted on his website. Awesome right?
See Michael’s posts on his Tony Robbins seminars a Date with Destiny and Life and Wealth Mastery
In the second post link, you will get to see Michael swinging from a trapeze in an attempt to face down his fear, which is so Tony Robbins!!!
Fun Fact: Trapeze is a piece of equipment which is used in acrobatics. It is considered to be one of the most demanding aerial arts. History. The art of trapeze performance was developed by Jules Léotard, a young French acrobat and aerialist, in Toulouse in the mid-1800s. He invented the flying trapeze, practising over his father’s swimming pool. A trapeze is a short horizontal bar hung by ropes or metal straps from a support. It can also be known as a aerial hoop, or fabric known as an aerial silk.
And Michael is still inspired by Tony Robbins all these years later. Check out one of his recent tweets 🙏😉
— Michael Quan – 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟𝗟𝗬 🅰🅻🅴🆁🆃 (@FinanciallyALRT) April 16, 2019
5. What’s in your wallet? How did you start building wealth?
$83 cash
4 credit cards
1 debit card
fishing license
insurance card
coupon for bare naked granola
drivers license
AA card
FINALRT Michael: I started building wealth the old fashioned way… saving! As soon as I got my first job, I started paying myself 20% automatically into my savings account. Over time it grew, and then evolved to other asset classes like stocks/bonds, and real estate.
GBM Miriam: That’s what I’m taking about!!! Take control over your finances. Control your finances, control your life. 👍
The lazy way to build a fortune: automate your savings and investments.
You can build great things when you work on things over time. Just like Voltron. 🤣I just love when things come together. Don’t you?
This is how I approached spending before I started learning about finances🤦♀️ 😂
I personally like focusing on starting salary. Negotiating a good starting salary can set you up to be even better down the line. Kind of reminds me of that scene in Clueless 🤔 starring Alicia Silverstone and Avengers Endgame Ant-man Paul Rudd.
Financial makeover. Who here wouldn’t do things differently if they knew then what they know now?
It’s like Cher (the real one not the one from the movie Clueless) said, “If I could turn back time.”
Speaking of Clueless…
I love makeovers!!!! So I wrote a post about having a financial facelift. 😉
Whatever you do, financially or otherwise…Own it!!!
I made it out of living paycheck-to-paycheck woohoo!!! I appreciate all the support from the personal finance blogger community. 💖Especially in doing interviews like this one. 😉 xoxo 💋 I feel the love. I felt just like Mulan. The finance community definitely made a man I mean blogger out of me. 🤣
Bonus Questions (pick any of the questions from the top or below that you want to answer)
6. Any life or money lessons from a favorite movie or TV show you would like to share?
TV loves to glamorize our consumer culture. While it’s fun to watch shows like Million Dollar Listing, the reality is that happiness is controlled by us individually and doesn’t required luxury items.
How can you use your money to make the biggest positive impact on your family and friends?
Well said Michael. 👏 And excellent question.
Embarrassment of riches book portrait of Scrooge McDuck and his nephews.
GBM Miriam: I have learned to not focus on having privilege, but on doing things that help myself, my family and my community. A lesson Cher (Alicia Silverstone) started to learn as the film Clueless progressed.
While shopping with her friend Dionne (Stacey Dash), she started feeling like there was more to life than shopping, like helping others. 😉
7. If you found a lottery ticket that ends up winning $2.5 million. What would you do?
After giving a chunk to charity, I’d buy a McDonald’s franchise! Who wouldn’t want a french fry cash machine??
16. What was your best MacGyver moment?
I recently was doing a video and couldn’t ad-lib the content to save my life. So, I started researching ways to help me create a better video. I stumbled upon teleprompters and was like, OMG that’s it!The problem though is that teleprompters start at $200 and go up from there. I didn’t feel like making that kind of investment for a single video, so I put on my MacGyver hat and built my own. I used an 8×10 frame from Walmart, a cheap 3 ring binder, some cork-board from Dollar Tree, and electric tape from Home Depot… total costs to build it – $12.84.
For those of you who are unfamiliar with MacGyver, here is some background info.
Angus “Mac” MacGyver is the title character and the protagonist in the TV series MacGyver. He is played by Richard Dean Anderson in the 1985 original series. Lucas Till portrays a younger version of MacGyver in the 2016 reboot. In both portrayals MacGyver is shown to possess a genius-level intellect; proficiency in multiple languages; superb engineering skills; excellent knowledge of applied physics; military training in bomb disposal techniques and a preference for non-lethal resolutions to conflicts. The hit television series MacGyver, which lasted from 1985 to 1992 and was highly successful throughout its seven-year run.
The character Angus MacGyver, also known as just MacGyver or Mac, was an optimistic action hero who was notable for using a Swiss Army knife instead of a firearm as his tool of choice.Young war hero Angus `Mac’ MacGyver has an extraordinary knack for unconventional problem solving and an extensive bank of scientific knowledge that he believes can best be put to use saving lives, both of which come in handy when he creates a clandestine organization within the United States government to tackle high-risk missions around the world. Working under the sponsorship of the Department of External Affairs, MacGyver quietly prevents disasters.
The character is portrayed as a non-violent problem solver and typically eschews the use of guns. Even in cases where he must resort to physical violence, or when his improvised devices are used to attack hostile opponents, he is always doing so in self-defense and, if possible, subduing or disabling rather than killing.
MacGyver is passionate about social causes, having on several occasions volunteered to help the less-privileged, showing a particular affinity for – and connection with – children. For example, he is shown to be a “big brother”, conducts hearing research at a school for deaf children, and helps out in a mountain excursion for delinquent youths.He strives to protect the environment and endangered species such as eagles, the black rhino,and wolves It was also established that he became a vegetarian at an unspecified date during the series run.
MacGyver’s persistence and the improvisational nature of his plans make him difficult to thwart, as his nemesis Murdoc pointed out, because not even MacGyver himself knows what he is going to do next. Unlike stereotypical “macho” or stoic action heroes, MacGyver exhibits grief in the face of tragedies, open fear in perilous situations, and shows pain after a fight. A sensitive character, Mac has a tendency to blame himself for personal losses and tragedies. He usually carries duct tape, chewing gum, a Timex watch, strike-anywhere matches, a flashlight, and an ID card. Yes, that’s what he uses to get out of every near death situation.
In short, he’s awesome.
17. How would you sell hot coco in Florida?
I’d add some ice and throw it in my vitamix for the perfect blended frozen hot coco!
Oh yea. As cool as ice!! 🤣
Thank you for stopping by Greenbacks Magnet!!!!
Hope you enjoyed this latest blogger interview. I try to keep it 💯here and help people improve the quality of their financial lives. Thank you for reading.
GBM Miriam: Thank you Michael for treating us all for an inside look to becoming financially alert. You’ve been a great guest!
Want more financial wake up calls from Michael. Follow him on Twitter and read his blog at Financially Alert.
Recently, I began reading the book The Simple Path to Wealth by JL Collins.
The book originated with letters to his daughter about
financing.
On my path towards financial freedom, I have decided to read
the books of other Personal Financial Bloggers.
The book du jour: The Simple Path to Wealth.
Do you believe in coincidence?
I don’t believe in coincidence. I think that all things work together for good. – Kathie Lee Gifford
“I do not believe in meaningless coincidences. I believe every coincidence is a message, a clue about a particular facet of our lives that requires our attention.” – Deepak Chopra
Well, it just so happened that the last finance blogger I interviewed for this website was Dave of Accidental FIRE called: Accidentally Wealthy on Purpose.
In that interview, he informed me that his favorite personal
finance book was The Simple Path by JL Collins.
I mean what are the odds that I would be reading that EXACT BOOK at that EXACT MOMENT. 😲 Pretty slim that is for sure.
I too thought the book was pretty good and gives some sound
financial advice.
I even tweeted out that advice directly from the book. And to my surprise JL Collins gave me a like. I appreciated that! 😉
What I learned about money from JL Collins.
1. Save 50% of your income. 2. Invest 50% of your income. 3. Avoid debt.
After, doing that interview and sending the tweet and the
getting a like form the author, I decided that I must do a book review on this
book. Why? I feel that if you see something three times (3x), then it must be
for a reason. They say things happen in three’s. So I went with it!
Let’s get to it!
Drum roll please.
THEEEEEEE SIMPLE PATH TO WEALTH!!!!
The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life
WHO IS JL COLLINS?
He has been an investor since 1975. In 2011, he wrote a
series of letters to his daughter about money and investing; which morphed into
jlcollinsnh.com and led to this book.
Welcome inside the mind of the man who started the infamous Stock
Series on his blog.
The foreword of his book was by Mr. Money Mustache.
I think that is one of the funniest lines I have read about Personal finance and life from him.
“Let’s face it: Most investment books are boring. Dull.
Uninspired. This book brings managing your money to life.” – Paula Pant, Afford
Anything
“The media claim stock investing is no better than gambling.
Collins cuts through the crap. He demonstrates a simple level-headed way to
wealth that will lead you to a richer life.” – J.D. Roth, Founder Money Boss
and Get Rich Slowly
I have to agree wholeheartedly with J.D. Roth’s assessment. I also got to meet him at FinCon. Nice guy 😉
See my post on FinCon
FinCon 18: The Recap From Your Friendly Neighborhood Greenbacks Magnet Part I and Part II
After reading the book, it was really eye-opening. One of the simplest approaches to investing and building wealth that I have ever read and I read A LOT!
How I felt when I started learning about personal finance.
Finance Lesson numero uno: rent books instead of buying them; it's cheaper.
Now let me tell you why I feel that way about the book.
DEBT IS A BURDEN
There is no free lunch. tweet
There is no such thing as E-Z financing. Credit cards come
with enormous interest rates. If you look on credit card statements today, it
will give you two numbers.
One is how long it will take to pay off your balance paying
the minimum amount.
The other is how long it will take before your balance is
paid in full after three years.
Knowing that you can be paying off that sweater from last
year until your kids are ready to graduate from college should scare most
straight to the path of cash only!
Debt causes too many constraints and limits personal and
financial freedom.
Paying a $10 minimum on a $300 balance is a sure fire way to
the poor house.
If you owe more than 5% interest on any debt, then get rid
of it ASAP. And forget all these consolidation loans and balance transfers.
That’s like robbing Peter to pay Paul. Just work on steadily paying off the one
with the most interest and then continue until all the debt is gone.
Then make being debt free last forever.
WHY YOU NEED F-U MONEY
We all need it.
You know why? Because sh*t happens, that’s why.
What happens if you chip a tooth, get hit by an uninsured
motorist, and the basement floods all in the same week?
You have to pay to handle of these situations. If nothing
else, an insurance deductible; which can run into the thousands as house
flooding can be a deductible as high as $5,000!
He also said comfort is the poison. Too much of it can slow down your progress on the road to wealth. All I mean is to stay hungry. I’m just saying there are different levels of wealth.
So trust me when I say you need F-U Money.
How I feel when I show facts, but people still don't believe me. Then something happens and they tell me I was right. 😐 pic.twitter.com/ovdKxSRHml
Mr. Bogle created the first S & P 500 index fund. Due to its immensely low fees because the investors own Vanguard and not some company or board of directors that want to please shareholders, this book advises an investment in the VTSAX at Vanguard.
JL Collins advice: Invest in index funds with Vanguard and
keep what is yours.
I concur.
I need all my coins. I want ALL of my MONEY! I aim to keep as much of it as possible. I’m almost as bad as Scrooge McDuck. Almost.
Remember that episode of Ducktales when Fenton Crackshell was counting all of Scrooge’s money that he dumped into the lake in “Liquid Assets Part 1.” That’s me! 🤣
This total stock market fund holds the entire U.S. stock
market fund; which includes about 3,700 stocks. As most of these companies are worldwide and
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And it is comprised of 80% of all the top funds in the S
& P 500, so no need to diversify as you already have it here.
If that did not convince you, the maybe the best
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He owns the company Berkshire Hathaway (stock symbols; BRK.A
and BRK.B)
In the 2013 Berkshire Hathaway annual shareholder letter,
Buffet advised the following:
“What I advise here is essentially identical to certain
instructions I’ve laid out in my will. One bequest provides that cash will be
delivered to a trustee for my wife’s benefit. My advice to the trustee could
not be more simple: Put 10% of the cash in short-term government bonds and 90%
in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.)”
I am a Vanguard and Berkshire Hathaway investor and I approve this message. 😉
I'm a Smart, Harworking, and Reliable citizen and I approve this message. 👍 https://t.co/ev77LEGLhc
As you may know, I am on a mission: financial freedom.
Therefore, I started to study the self-made.
How did they get so wealthy? What did they do? What do they
do with their 24 hours we are given in a single day?
Today we talk all things J to the L-O! Hello!
Let’s go!!!
STARTING OUT
Jennifer Lynn Lopez was born on July 24, 1969 in Castle
Hill, New York City. Growing up in the Bronx with her parents and siblings she
watched how hard her parents worked to make a living as Puerto Ricans living in
the richest country in the world.
She knew that she had a responsibility to do well because
her parents gave and sacrificed so much.
She was quoted in an interview as saying, “I had to do well.
I couldn’t let them (her parents) down.”
Jennifer says she was always training for something. And dance become her go to activity.
DANCING TO THE FRONT
In 1991, Lopez began appearing as a Fly Girl dancer on In
Living Color, where she remained a regular until she decided to pursue an
acting career in 1993.
These are HER lyric from “Jenny from the Block.” Let J. LO tell you her story.
From In
Living Color and movie scripts
To On the 6
to J. Lo to this headline clips
I stayed
grounded as the amounts roll in
I’m real, I thought I told you
I really been on Oprah
That’s just
me
Nothin
phony, don’t hate on me
What you get
is what you see
If you have ever seen the Janet Jackson video “That’s the way love Goes,” then you will see a young Jennifer Lopez dancing and talking to Janet. She performed as a dancer for her while as pursuing her dreams of acting.
I love the lyrics to that song and how it starts out.
Like a moth
to a flame
Burned by
the fire
My love is
blind
Can’t you
see my desire
That’s the
way love goes
So you could say like a moth to a flame, J. LO gravitated towards acting. Haha
You also may remember her dancing with Puffy or P. Diddy, as
he goes by now, in the music video “Been Around The World.” That was in 1997.
Haven’t seen it. No problem.
JLoThis 1997 music video Puff Daddy Been Around The World
I have the footage right here thanks to Youtube 😉 Enjoy!
Jennifer Lopez HOT Dance Scene With P Diddy
HER BIG BREAK STARRING AS TEJANO MUSIC SUPERSTAR SELENA
In 1995, the world lost Tejano music’s biggest star Selena Quintanilla. Due to widespread reports of unknown causes of events that surfaced, her family decided to tell the world her story. That became the 1997 film Selena.
A story of a girl who had the spirit to believe in a dream and the courage to make it come true.
Movie poster reads: A story of a girl who had the spirit to believe in a dream and the courage to make it come true.
The film that made Jennifer Lopez a star: Selena.
Released in Summer 1997. Based on the life of Tejano superstar Selena.
In 1997, Lopez played the title character of Selena
Quintanilla-Pérez in Warner Bros. “Selena.” Lopez was 28 years old
when she portrayed the late singer.
After an intense media frenzy, auditions for the role of
Selena sparked applications from about 20,000 Latinas from around the globe,
one woman was selected that stood out from the bunch: Jennifer Lopez.
The role of a lifetime was won to play Mexican-American music star Selena.
People Magazine
Jennifer Lopez Reflects on Selena Quintanilla and Where She’d Be Now: ‘She Was a Star’
Jennifer Lopez in the film playing Selena.
Fun Fact: People Espanol was started because of Selena.
The real J. LO. She too likes to wear white.
Jennifer Lopez as Selena.
Jennifer Lopez wearing Selena’s iconic red lipstick in the film Selena
Fun Fact: Selena favorite lipstick was Brick by Chanel, she did her own makeup and her favorite shoe store was Payless. Favorite pizza: Pizza Hut thin crust double pepperoni.
One of my favorite scenes from the film.
If you watch Selena perform, you not she is doing tons of cardio.
Fun Fact: Selena would walk around her neighborhood EVERY. SINGLE. DAY.
And don’t take no crap from anyone.
The real Selena Quintanilla Tejano singer and superstar
The album that put her on the map. Selena Live!
Nominated for a GRAMMY in 1994 Selena Live! Best Mexican/American Album
Selena won her first career GRAMMY for Best Mexican-American Album for Live at the 36th GRAMMY Awards in 1994, marking the first time a female Tejano artist won the category.
She was gone less than a year later.
Awards/Accomplishments. In 1987, Selena became a spokesperson for Coca-Cola. Selena won the Tejano Music Award for Best Female Vocalist running every through 1986 to 1996. Received 8 awards at Lo Nuestro Awards, 34 Tejano Music Awards, Kuno’s People’s Choice award, and first Tejano artist to win a Grammy.
Always smiling, laughing, and joking around. That was Selena.
So full of life and light
Selena Quintanilla 1971-1995 May she forever Rest In Peace.
The movie Selena would make Jennifer Lopez one of the highest paid Latina’s in film.
It was estimated that she received a $1 million payday for
the film.
Her life and BANK ACCOUNT has never been the same.
A STAR IS BORN TO SING
Just keep your head
down and work. Success comes when you work harder than everybody else. –
Jennifer Lopez
After wrapping the film, Jennifer Lopez decided her next
ambition would be recording an album. She set her sights on making this goal
happen.
She got a record deal and worked with music super producer Tommy Mottola of Sony.
In an interview she said that people did not believe in her
project; therefore, she had to put some of her own money into it.
You get what you give.
What you put into things is what you get out of them. – Jennifer Lopez
That pet project would become her first album: On the 6.
As reported by Insider, Lopez’s debut single “If You
Had My Love” was released in May 1999, and it immediately landed on the
Billboard charts. In fact, “If You Had My Love” became the first
debut single to top the Billboard Hot 100 since Britney Spears’ “…Baby One
More Time” a mere four months earlier.
One month later in June, her debut album “On the
6” was released, effectively solidifying Lopez’s status as a Latin pop
artist. Certified by the RIAA, “On the 6” is 3x platinum, selling
3.42 million units worldwide.
She never looked back.
AIN’T IT FUNNY HOW THINGS WORK OUT
When Jennifer Lopez was at her peak, in 1999-2002, she was deigning clothes, singing, dancing, performing, acting, starring in hit films, on the cover of magazines, and putting out perfume fragrances.
The iconic green Versace dress! GRAMMYs 1999.
Caused a sensation and put her on the top of the map. Every news outlet had a picture of THAT dress! A great way to get people talking about you, if they weren’t already.
Caused a sensation
One of the things that sticks out was when she started going by the name J. LO. She put out an L.P. of the same name. She said her mother loved that name and would say it over and over…J. LO J. LO.
However, what made her a household name was the infamous video
with Ja Rule “I’m Real” that was in constant rotation on MTV and BET Total
Request Live (TRL).
Fun Fact: Jennifer Lopez Says She Personally Chose That Juicy Couture Tracksuit for Her 2001 “I’m Real” Video with Ja Rule
I’m Real video
Here is the video just in case you have not seen it.
She also did the song “Ain’t it Funny.” Again featuring her
partner in crime (of making sweet music that is) Ja Rule. Together this pair
made magic happen. They just had great chemistry when working together.
Ain’t it funny dropped off the J. LO album on June 20, 2001.
Here are some lyrics for you.
J to the L-O
Hello
Well now you know where I got that from, which I state at
the beginning of this post. 😉
Here is the chorus
Ain’t it
funny
Baby that
you want me, when you had me
Love is crazy,
I’m glad I can smile and say
Ain’t it
funny
Then came “Jenny from the Block.” This song dropped on
September 26, 2002. One of her HOTTEST
music videos! If you had no idea what she was capable or of who she was, then
this video stopped all doubts.
The lyrics go like this.
Don’t be
fooled by the rocks that I got
I’m still,
I’m still Jenny from the block
Love my life
and my public
Put God
first
Then can’t
forget to stay real
To me it’s
like breathing
Ah yes, she
says to stay real or I’m real in this song. An obvious
reference to her song I’m real with Ja Rule. 😉
Here is the chorus.
Don’t be
fooled by the rocks that I got
I’m still,
I’m still Jenny from the block
Used to have
a little, now I have a lot
No matter
where I go, I know where I came from (from the Bronx!)
Check it out here.
JLo pictured in her 2002 music video Jenny from the Block
Unlike her previous studio albums: On the 6 (1999) and J.Lo (2001), Lopez had a more “hands-on” role on This Is Me… Then. The 2002 album also had more of an adult-R&B sound. Musically, majority of the songs on This Is Me… Then were lyrically “dedicated” to her relationship with then-fiancé, actor Ben Affleck.
All I have video 2002 featuring LL Cool J
The Age newspaper said the album was a “declaration” of love for Affleck.
The many looks of J. LO.
J. LO is Pretty in Pink.
During an interview,
Lopez said “I wrote a lot of songs inspired, in a way, by what I was going
through at the time that this album was being made, and he [Affleck] was
definitely a big part of that.”
MTV VMA 2002
Magazine Covers of Jennifer Lopez.
JLO $100 Million Woman
ON A WORLD TOUR WITH A MIC IN HER HAND
“I have to work,
for my soul.” – Jennifer Lopez
Nearly two decades since the release of “On the
Six,” Lopez has dropped seven more albums, and has a ninth album slated
for release this year.
Lopez has embarked on five tours, and that has undoubtedly added to her net worth. Her first tour, aptly titled “Let’s Get Loud” was in 2001 and she walked away with a reported $765,000 in earnings, according to Money Nation.
A decade later, in 2012, J. Lo set out for her first worldwide tour, the Dance Again World Tour. After 78 shows, this would be Lopez’s highest-earning tour, and she pocketed $50,362,300, according to Money Nation.
If you look at the difference in her first tour in 2001 and
her one in 2012 ($765,000 to $50,362,300), you will notice it took over a
decade to earn this type of money.
Angel Eyes 2002
What does that tell me?
That building wealth TAKES TIME.
It took me 6 years to go from saving $1 a day to $50 a month to $15,000 a year!
I make a goal and then chart a course to get there no matter how long it takes.
Just like Jennifer Lopez.
Between her current residency in Las Vegas and worldwide
clothing line, J. Lo is hardly short on funds.
On January 20, 2016, she debuted at Planet Hollywood Resort
& Casino her “All I Have” residency, dazzling fans with sequined
pieces and elaborate sets.
On August 13, her shows reached an incredible milestone: $1
million in ticket sales, the highest grossing show in Planet Hollywood’s
history, according to Billboard.
Between June 2016-June 2017, Lopez made $38 million dollars,
consequently landing her at the #11 spot on Forbes’ Highest-Paid Female
Celebrities of 2017. She’s also already made an estimated $47 million in 2018,
according to Forbes.
Jennifer Lopez performing with Pitbull
Given her newly announced acting project, anticipated 9th
album and a just-released makeup line, Jennifer Lopez will likely only see her
cash flow increase.
All I have to say about JLO is this: Veni, vidi, vici. Latin
translation: “I came; I saw; I conquered.”
Well Jennifer Lopez came, saw, and conquered show business.
In the illustrious words, and famous favorite saying of Selena: “You go girl.”
I have learned a lot from Jennifer Lopez. That with hard work, drive, passion, determination, consistency, and persistence you can achieve great things.
However, what I have learned most of all…is that she is still Jenny from the Block. 😉
For more posts I have written about the self-made you can
check out my other posts
I agree that beauty is not just physical. Beauty has many
forms, and I feel that confidence, self-respect, and loving yourself are some
of them.
These are some other beautiful things to behold:
A child at play; while living in a safe
neighborhood.
Reading a book on a beach at 1 o’clock in the
afternoon.
Taking a nap in a hammock.
Walking in Central Park.
Seeing the sun come up while vacationing on the
lake.
Seeing the sunset on the beach.
However, all of those beautiful things, albeit free; still
cost money to be able to do and enjoy them.
Many of these things require that you have some form of
prosperity or relative financial cushion to enjoy creature comforts that can
easily be taken for granted such as taking a nap in the afternoon beyond the
age of five.
Instead of having some semblance of wealth, you will need to
actually have a few coins in the bank in order to have any sort of comfort
EVER.
That being said, I had to stop and think. Why Do I Save So
Much?
I remember reading an article in which they decided to pose this similar type of question to Academy Award winning actress Halle Berry who is worth an estimated $80 million.
She answered that the reason she saves is because she knows
the business she is in (showbiz) this Hollywood stint may all come to an end
one day. Specifically, she says that she saves because she never knows
“when this trip will end.” And that she wants to have enough savings
to make sure she is secure, comfortable, and financially independent when the
paychecks stop pouring in and the fame starts to wane. In addition, she carries
tons of life insurance.
I too carry tons of life insurance!
If it’s good enough for Halle, then it’s good enough for me.
Halle is a saver.
Here is why I am a saver too.
WELCOME TO THE GOOD LIFE
When I was a kid, my
mother told me that if you could not be a good loser, then there’s no way you
could be a good winner. – Halle Berry
There’s a place in me
that can really relate to being the underdog. – Halle Berry
I always had to prove
myself through my actions. Be a cheerleader. Be class president. Be the editor
of the newspaper. – Halle Berry
By the time I left
school, I had a lot of tenacity. – Halle Berry
If you think money will change who you are, then think
again. Money just gives us a bigger stage to project who we already are.
Will Smith said it best: “Money and success don’t change people; they merely amplify what is already there.”
Many people may not know this but Halle Berry was elected Homecoming or Prom Queen at her high school. It was predominantly white. Not believing that she had won, the other contestant asked for a recount. Halle agreed. Halle won again. She demanded another recount. Halle refused. Halle then graciously accepted her crown.
If you think about that, you can see from a young age that Halle has always had to work for what she’s got. Being PRETTY is not enough!
I actually was on my school newspaper. It was one of the
only times in high school that I did not feel like I was being judged and I had
some say in what was going on around me. I too have always had to prove MYSELF!
I get it. No one believes what they can’t see. Seeing is
believing.
However, I was actually working towards my goals – buying a
home, getting a bachelor’s, finishing a Master’s – all tangible things that
people can observe my actions and see me doing such as studying, house
shopping, and walking across the stage to accept my diploma.
It was not until AFTER I had done all those things that people started to take me more seriously and show me SOME RESPECT!!
It just would have been nice to get a little more of it while I was the UNDERDOG and working towards MY GOALS with people around me that had WAY MORE PRIVILEGE.
I paid WAY LESS than $50,000 for a degree.
I paid WAY LESS than $1 million for a home.
I did that because I knew what I could afford and that I
didn’t want to be in debt forever.
I wanted freedom. And that doesn’t come cheap. You have to EARN your freedom through work.
CAREER IS IMPORTANT
Career is important,
but nothing really supersedes my roles as a mother. – Halle Berry
I never wanted to be a
model. My modelling career was nothing but a stepping stone to my acting career
and that’s all I ever saw it as. A pointless rock in the river that has to be
stepped on in order to get to the meaningful oasis of acting. – Halle Berry
Throughout my career I
have been talked out of things I wanted to do, and when I look back, I think I
should have followed my instincts. – Halle Berry
What’s the worst that can happen? If it doesn’t do well I can put on my big girl panties, deal with it and move on. – Halle Berry
I have learned that having a CAREER and not just a JOB is
important.
A job is what you do to pay the bills.
A career is what you do when you have passion for something
and can skip to work.
I decided at the age of 15 to get my degree as a STEPPING
STONE towards a career. I ended up working in Financial services which is right
up my alley as you can tell from this blog. 😉
However, I have mostly done the things I wanted to do and
rarely let myself get talked out of those things. Maybe that is why I am so
happy.
The secret to happiness: Do the things that make you happy
and don’t do the things that make you unhappy. The End.
No matter what. Good or Bad. MOVE ON. Keep moving forward. It’s
like Ariana Grande says, “thank you, next.”
I knew if I wanted to make more than minimum wage that I had
to get some skills or education. Not knowing what trade to do I went for the degree.
I knew not to just drift or stand still.
I didn’t want to end up at 35 with no savings, no home, no
family, and no decent job.
I had no shame working as waitress to make ends meet until I
could do better. I was making about $2.39 an hour plus tips.
Now I’m making and saving more than 40% of my income.
All things come in time.
BEAUTY FADES
Let me tell you something – being thought of as a beautiful woman has spared me nothing in life. No heartache, no trouble. Love has been difficult. Beauty is essentially meaningless and it is always transitory. – Halle Berry
While being called
beautiful is extremely flattering, I would much rather be noticed for my work
as an actress. – Halle Berry
A person’s self-esteem
has nothing to do with how she looks. – Halle Berry
Your preaching to the choir. Tell me something I don’t know.
Beauty is transitory alright meaning it is not permanent. CORRECT.
As you age, you will change. It is inevitable. So you need to be able to do something more than stand still, look pretty, and to quote Miss Congeniality, “be on stage with nothing to do but convert oxygen into carbon dioxide.” Haha
So enjoy your life! And pass me some more pizza 😂
INNER PEACE
The first step is
clearly defining what it is you’re after, because without knowing that, you’ll
never get it. – Halle Berry
If you set out to do
something and you give it your all and it doesn’t work out, be willing to
modify your goal slightly. Have the ability to look in another direction. A
small shift could guide you to the real purposes of your life. – Halle Berry
There have been so
many people who have said to me, ‘You can’t do that,’ but I’ve had an innate
belief that they were wrong. Be unwavering and relentless in your approach. – Halle
Berry
I’m not afraid of
portraying anything on-screen. – Halle Berry
I’m just going to live my life and be who I am. – Halle Berry
If you are a wrestling fan, then you have heard of the moniker BE FEARLESS from the Bella Twins.
And that is how you should live your life. Be fearless. Be
relentless in your pursuits. But always try to do the right thing.
During an interview for the cover of the April issue of
InStyle, which hit the Internet on March 12, Ciara said, “If you want to get
somewhere in life, you’ve got to have a compass. You’ve got to know where you
really want to get to.”
I have a pretty strong professional and Morale Compass. I
try to, like Spike Lee says, “Do the right thing.”
If you read my last post on The Rock, then you know that
being who you are can get you far in this world, but nothing happens without a
dint of hard work.
Academy Award winning actress Catherine Zeta-Jones said in
the book Rise and Grind that she informed her parents at a young age she wanted
to be an actress. They did not approve until she got them an appointment with
her school guidance counselor.
They informed her parents that Catherine would never be
satisfied with being an accountant as she is too artsy. Let her PURSUE her
passion. Since Catherine was a good child and student, they agreed to let her
pursue her dreams and would support her!
At that point my mouth drops open. You could hear crickets and a pen drop. I could not believe it. All that from a conversation. WELL DONE! Never underestimate the power of your words.
AGE AIN’T NOTHING BUT A NUMBER
I see women in their
30s getting plastic surgery, pulling this up and tucking that back. It’s like a
slippery slope – once you start you pull one thing one way and then you think,
‘Oh my God, I’ve got to do the other side.’ – Halle Berry
I’m not sad at all
about turning 40. – Halle Berry
I’m not a fanatic
about exercising. For me, it’s about moderation and balance. – Halle Berry
I think I am at my best when my hair is short. It’s easier to take care of and more of who I am. Women are conditioned to think we need long hair. – Halle Berry
I think it’s always
best to be who you are. – Halle Berry
Be who you are.
If you ever saw the 1997 movie Selena starring Jennifer Lopez, then you may remember the scene where Abraham Quintanilla (played by James Edward Olmos) says that he learned a very important lesson in life, which is that you have to be who you are.
That is not just wisdom in old age talk. That is the TRUTH.
Everything have that was GOOD came from me being WHO I AM. Whatever you do or whomever you are…OWN IT!!!!
SUCCESS AT LAST OR IS IT?
Don’t take yourself
too seriously. Know when to laugh at yourself, and find a way to laugh at
obstacles that inevitably present themselves. – Halle Berry
I know I’m only one
human being and I’m only making one tiny contribution and it’s nothing more
than that. – Halle Berry
I think there’s a
certain level of trust that I have with women. I’ve always been honest, even
when I haven’t had good times in my life or my movie bombed or I’ve had great
success. I’ve owned up to all of it. – Halle Berry
People win Oscars, and
then it seems like they fall off the planet. And that’s partly because a huge
expectation walks in the room and sits right down on top of your head. The
moment I won the Oscar, I felt the teardown the very next day. – Halle Berry
I repeat, whatever you do…OWN IT!
I’m told that I am sassy and dominating. I take that as the
compliment I know it is supposed to be. 😉
Well this sassy Miss started doing the following with her money:
Savings Year
Monthly Savings Amount
End of Year Total Savings
2013
$50
$600
2014
$100
$1200
2015
$150
$1800
2016
$250
$3000
2017
$333
$3996
2018
$1,111.04
$13,333.06
2019*
$1,211.09
$14,533.06
As of this writing, I am on track to save $15,000 for 2019.
I have already set a saving goal of $16,000 for 2020.
I always look to the future because it is coming one day after all. So I set savings goals for the coming years of 2021-2025 of $17,000+ each and every year. My ultimate goal is to save $20,000-$25,000 each year. That would allow me to save $100,000 every 4 to 5 years.
I also believe in donating money to good and charitable
causes like Halle.
This is what Halle told MainStreet: ‘Many people utilize
charitable giving as a great tax write off, and it is. But more than that, for
me, charitable giving is a financial investment in the human spirit. When we
invest in each other, we invest in ourselves. There is no single investment
that I have pursued that has brought a greater return, than helping someone who
needs it.’
Well said, Ms. Berry.
So now you know why I save so much and how much I save.
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