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BEING IN THE MOMENT

Uncategorized Sep 03, 2019

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FinCon starts tomorrow, but this post has nothing to do with money! Yesterday, I spent the day cherishing my loved ones, especially my son, because I know I am going to be away for a little bit. I only had one son yesterday, so it gave me time to provide one on one attention and affection. I am always working and hustling, and the good part is my kids see that. Also, the bad part is my kids see that.  I need to slow down just a tad and find balance.  My oldest has started thinking of his own business ideas. He wants to own a restaurant (for now), and I encourage that. I remember when I was his age, I too wanted to own a restaurant. I was told that being a chef was a man's occupation and that a woman wouldn't make it to the top. Yes, this is what I was told by a very close family member.

Still, I never gave up on that dream. I applied and got accepted into Johnson & Wales, a prestigious culinary school. But, those dreams were derailed when I found out I was pregnant...

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EPISODE 7 - PAYING OFF CREDIT CARD DEBT WITH RITA BAUTISTA

debt podcast Aug 29, 2019

Join Tiffany as she has a money talk with Rita Bautista, host and creator of the Empowerment & All That podcast!  We discuss how she was able to pay off $15,000 in credit card debt in less than a year!  She drops some real gems so definitely take a listen.


Be sure to subscribe and rate this podcast on your favorite platform!  This helps more people find us.

About our guest:
Rita Bautista is a Latina Host & Creator of Empowerment & All That Podcast. The podcast was created as a direct result of years of Rita’s own personal development. She launched the podcast for women that deliver motivational tips and empowering stories from women with diverse backgrounds. Her hope is that these stories and tips will one day will reach women all around the world.

Like her on Facebook: www.facebook.com/empowermentandallthat

Follow her on Instagram: www.instagram.com/empowermentandallthat

 

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INVERTED YIELD CURVE

Uncategorized Aug 28, 2019

Definition

An inverted yield curve (negative yield curve) will slope down to the right to show that the yield is higher for short-term maturities than for longer maturities.

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Why It's Important?

You may have heard all of the talk about the inverted yield curve and an upcoming recession. An inverted yield curve typically occurs when the Federal Reserve has raised short-term interest rates to restrain inflation and to cool down an overstimulated economy. Therefore, people have associated the inverted yield curve with a peak in the business cycle and since the peak has been reached, there is no where left to go but down. This is why it is commonly used to predict an upcoming recession.

To put the talks about a recession in perspective, here is a graph of all the past recessions and their relations to the inverted yield curve:

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As you can see, there were times when an inverted yield curve did not signal a recession so, only time will tell if we are currently in one! My best piece of advice...

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THE MANY LESSONS OF SUMMER 2019

Uncategorized Aug 27, 2019

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As the kids go back to school this week, I wanted to take a moment to reflect on the many lessons I learned this summer. It was both challenging and cleansing. The message that I write my story and control my surroundings has never been more apparent! Here is what happened:

 

The Lowlights

  1. Braces - My gosh those things are expensive! It was time for my oldest son to get his braces at the beginning of the summer. If you follow me on social media, you may have seen me talk about the braces before as I had known about it since the beginning of the year. I was prepared to cover my portion of the expense since his dad said he would cover half. Well, the day before the appointment, his dad said he is no longer working so he can't help. Frustrating! So, I had to figure out how to make a way for my son to get the care he needed. I talk about it in Episode 4 of my podcast.
  2. No Child Support - Of course, since my oldest son's dad wasn't working anymore, he could no longer pay his...
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EPISODE 6 - LISTENER REQUEST: WHAT IS INCOME TAX AND HOW DOES IT WORK?

podcast taxes Aug 22, 2019

Do you know why taxes are coming out of your check every pay period?  How do they calculate it?  What is it used for?  Join Tiffany as she answers these questions and more!  This episode was a listener request!  To submit a question: join our Facebook group or fill out the form on the website and it could be featured on a future episode!
Be sure to subscribe and rate this podcast on your favorite platform!  This helps more people find us.

 

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ASK PRICE / BID PRICE

Uncategorized Aug 21, 2019

Definition

The ask price is the price at which a dealer of a particular security is willing to sell the security to interested investors. A bid price is the price at which a dealer in a particular security is willing to purchase the security from investors.

Why It's Important

The New York Stock Exchange (NYSE) is an auction market. Sellers are naming ask prices and buyers are naming bid prices. So, for instance, look at it like a flea market. Apple (AAPL) has a table and you approach because you are interested in purchasing a piece of their table. AAPL says I think this piece of table is worth $10.00 (ask price). You say it's a mighty fine table but I think a piece is worth $9.50 (bid price). Let's say for illustration purposes that AAPL says ok, I will take your $9.50. Here is a piece of the table and the transaction is done. Another person, just saw that you got a piece of their table at $9.50 and comes over to purchase as well. The negotiation process starts all over. This is what...

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EPISODE 5 - LISTENER REQUEST: WHAT ARE ROTH IRAS?

Always wondered about Roth IRAs?  Join Tiffany as she breaks down what they are and how to best utilize them.

This is a listener request episode.  If you want to have your question featured, please submit on our website.

 

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ALTERNATIVE INVESTMENTS

Uncategorized Aug 14, 2019

Definition

Alternative Investments are any investment that is not cash, equities, and bonds

Why It's Important

The list of alternative investments is very broad and includes real estate-backed securities, mortgage-backed securities, limited partnership interests, hedge funds (explained here), private equity, collectibles, natural resources, cryptocurrency, precious metals, and even options and futures contracts. Whew!

Alternative investments can play an important role in the development of a diversified portfolio (explained here). Most financial assets are positively correlated (when one moves up the other moves up) but with alternative investments there is typically a low correlation, no correlation, or even a negative correlation (when one moves up the other moves down) making it a good way to hedge (protect yourself) in the event of a lost.

*Beware* They are typically higher in risk than other investments so tread lightly unless you know what you are doing!

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EPISODE 4 - HOW I (ALMOST) CASH FLOWED BRACES

podcast saving money Aug 08, 2019

This was a $5,000 unplanned expense that I almost panicked over!  Has this ever happened to you?  Did you have a big unplanned expense that came out of nowhere?  It could completely derail your progress on your financial goals.  Listen to how I made it work by using my company benefits and some clever financial hacks to get it to less than $2,000.  

 

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BASIS POINT

Uncategorized Aug 07, 2019

Definition

A basis point is equal to one hundredth of one percent

Why It's Important

You have probably heard the talking heads on your favorite financial shows or news site mentioning basis points. They may have said something like "interest rates have gone down 25 basis points". 25 basis points is equal to 0.25% or a quarter of a percent. You may be thinking why use basis points? Well, usually the differences in interest rates are so small, it takes a smaller unit of measurement to describe the change.

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