Business

Financial Companies Who Are Working With Employees Affected by the Shutdown

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Wealth Building Tip of the Day:

If you yourself are a Federal employee - or know someone that is - who is getting hard hit financially as a result of this government shutdown, you - or they - may find this information helpful.

Many financial institutions are working with people to help them navigate this difficult situation. Check out the list and/or pass it on to someone else who may appreciate it: How Banks and Lenders Are Helping Workers Affected by the Government Shutdown.

Are You Getting Ready for the Next Recession?

Are You Getting Ready for the Next Recession?

Financial Tip of the Day:

When the economy is doing “good” that's when we feel least like saving. When the money is flowing in, we start to feel like it's never going to end. Maybe we’re raking in the overtime, or our businesses are doing extremely well. And that’s when it feels like the money spigot will continue forever. But, the truth is, when your money is “good” is the time when you MOST need to save.

Have you ever looked at celebrities or athletes who were making millions at one point in their lives, and then a few years later you read or hear about them and they’re broke? This is because they didn’t save for the rainy days.

No matter who we are, our income IS going to drop at some point in our lives. We may have to take a pay cut, lose our jobs, retire, or our businesses may not make as much profit.

THIS is when savings come to the rescue as a buffer. Savings can help you maintain a (relatively uninterrupted) pleasurable and secure quality of life at these times.

If you don't have any savings in place, NOW is the time to make it happen. Get your savings plan together and start saving REGULARLY.

History has shown that recessions occur naturally and consistently in our economy. Remember the last one? And as Black women, WE tend to get hit quickest and hardest when these happen.

Get ready for the next one.

I Bet You'll Never Guess What MC Lyte Prayed for: What We Can Learn from Her...

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Last week, I attended the Black Enterprise 2018 Entrepreneurs Summit. And my absolute favorite session of all was the one I attended where MC Lyte spoke. 

I’ve always admired MC Lyte for her authenticity and for uncompromisingly representing herself with ultimate strength and class. So, I was eager to hear what she had to say.

To be honest, I was not prepared for what she shared with us during the session. What she shared was very surprising - and extremely hopeful at the same time.

Lyte explained that there was a point when she felt so lost and needed help so desperately in one area of her life that she prayed and asked God to send her someone.

And no. It was not a man.

She asked God to send her someone…to help her get her finances right.

She realized that she wasn’t able to figure out how to get to where she wanted to be financially. So she sought help.

This legendary, super successful, intelligent and self-evolving lady realized that she needed help with her money. She needed help reaching her big money goals.

And guess what? The help she sincerely asked for and desired showed up.

During that session we met Lyte and the financial expert who helped her transform her money and life in ways she had never imagined.

I was so excited to hear this because this is exactly what I help my clients do. I help them transform their lives and money journey.

Hearing MC Lyte’s story was so hopeful to me because it confirmed for me that there are more and more Black professional women just like Lyte who are willing to take action on their dreams.

She asked for help, and when it appeared, she participated by taking action towards her dreams of financial abundance and success. And Lyte listened to her financial coach.  

Lyte said that she could never give her coach enough credit for helping her turn her finances around and credited her coach’s guidance with creating her money and business transformations.

We can learn a lot from MC Lyte:

What about you? Are you doing everything you can to invest in your financial future?

The longer you wait to take action, the longer you will stay where you are and keep doing what you’re doing.

Or worse yet - you will fall even farther behind on your dreams.

Are you making excuses about money and time to avoid getting the coaching and support that you need?

The thing is, we always seem to find the money for that new pair of shoes, that new handbag, that new hairdo, etc., right? It really all boils down to a matter of priorities, doesn't it?

Each day that you make an excuse is another day that leaves you feeling increasingly more hopeless about ever achieving your big financial dreams.

Instead of making excuses, you could be taking actions towards – and living – your big dreams. Just like MC Lyte (and me).

It really is true: “Time waits for no one.”

My Summit Experience

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Last week I attended the Black Enterprise Entrepreneurs Summit and it was meaningful for me in so many ways. As a new business owner, I felt like it was important for me to attend the event. Several reasons were really clear to me, while others were not. They weren’t all spelled out to me, but I knew intuitively that this was an investment I should make in myself.

One reason that I was clear on was that it was an opportunity to meet fellow entrepreneurs that I would not meet under normal circumstances. And sure enough, I had the pleasure of meeting several amazing business owners, including this vibrant and enthusiastic sista named Demarra Gardner. She offers business and wellness retreats for Black women. Check her out at https://www.blackwomenaboutbiz.com/

I met many other business owners, gained life-changing inspiration, new business information and enjoyed some delicious meals during my trip. You can see my trip pics album on Facebook: My Black Enterprise Summit Experience.

(Make sure to follow me on Facebook while you’re there!)