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BULL MARKET

Uncategorized Aug 22, 2018

Definition

A bull market or a bull run is a financial market in which prices are rising or expected to rise.  Bull markets generally take place when the economy is strengthening.

Why It's Important

We are in the 2nd longest running bull market!  It started after the dip in March 2009 and continues today.  Analyst are trying to figure out how much longer it has.  With that said, make sure you are diversified (remember?) because all good things must come to an end eventually.

A Bull Market is not to be confused with Bear Market, they are both different types of markets. 

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TOP 6 FINANCIAL PODCASTS 2018

Uncategorized Aug 17, 2018

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I wanted to share my Top 6 favorite financial podcasts so far this year! There were so many to choose from so making this list was hard. I am one of those people that listens to podcasts whenever I get the chance whether it's in the car, sitting at my desk, or just cleaning the house, I'm always listening. These podcasts give such good information that they inspired me to start my own. Without further ado, here is the list:

 

  1. The Dave Ramsey show - This show really inspired me to take a closer look at my finances. Listening to the debt free screams and the questions from live callers prompted me to start this financial journey. Sometimes you know you have to do something but it takes hearing from someone else that's in your same shoes to take action. I have listened day in and day out to how Dave coaches people and encourages them to get on the right track and it made me want to do the same. I highly recommend The Dave Ramsey Show if you are currently working...
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DIVERSIFICATION

Definition

A risk-reduction method by which you spread your assets among many different investments.

Why It's Important

In the event of a downturn in the market, having sufficient diversification can help you not take too much of a hit.  It is pretty much the adage, "Don't put all your eggs in one basket"!

What to Diversify?

  • Your Marketing and Business Strategy
  • Your Personal / Agency / Companies Portfolio
  • Your Employed Capital into separate, well versed investments. (Which helps "diversify" the risk
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MY WEEK OF NETWORKINGS

Uncategorized Aug 09, 2018

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I have been on a networking frenzy this week. With three events down and one to go, I realize a common theme: everyone is struggling with money! As soon as I tell people what I do their eyes light up and they start divulging into how they need financial help. But how did we get here as a society?

I know! It was the lack of education from the beginning. After going through elementary, middle school, high school, undergraduate, and now graduate school, I never learned about personal finance. Being a business major, I can tell you all about corporate finance but how does that serve me? I will say my daycare as a child did attempt to teach us about investing by having us pick a stock and track it weekly, paying or receiving fake money as we went but that was it. We need to do better as a society both teaching and learning personal finance. It all starts with you! Have you been reading blogs, listening to podcasts, or watching YouTube videos about finance? The...

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FEDERAL RESERVE

Definition
The Federal Reserve is the central bank of the U.S.  It conducts monetary policy (print more money, raise interest rates, etc.), regulates banks, makes sure the financial system remains stable, and provides financial services to U.S. banks, foreign governments and the public.

Why It's Important
The Federal Reserve directly affects the interest rates you pay on your debt and the interest rates you earn on your savings.  This year they have raised the Fed Funds rate 2 times from 1.5% to 2%.  You may have noticed your interest rates changing, this is why!  Keeping an eye on "The Feds" decisions can indicate what your next move should be!  I bought my house when the Fed Funds rate was 0.75% in 2017.  Now, I am locked into a low interest rate compared to what's available today! 

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BUDGETS, BUDGETS, BUDGETS

Uncategorized Aug 04, 2018

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Tired of reading about budgets?  I made a quick video to give you the basics!

 

https://youtu.be/IAz5qzJAYx4

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MIAMI ON A BUDGET

Uncategorized Jul 29, 2018

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So, I just came back from Miami. It was so fun spending time with some close girlfriends.  It was something we had never done before and by the end of it, we were already planning the next one.  We are all single moms and it was great being able to get away to let loose a little bit.  When you are the only person in the household bringing in income, you have to constantly be on "work mode".  The success of the household depends on it.  Anyway, enough of that, let's get into my money lessons from the trip:

 

Flight
I love Google Flights!  I used it to book our plane tickets and it is indispensable.  The ease of finding cheap tickets is awesome.  We actually chose our dates around ticket prices to get the best deal possible at the time.  Round-trip ticket = $204.99 + $50 bag fees = $254.99

Miami is EXPENSIVE!
Living in North Carolina, I am used to a very low cost of living.  I am talking $4 to $5 for a fast food meal.  When I...

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LET'S TALK STUDENT LOANS

Uncategorized Jul 20, 2018

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Oh, the dreaded student loan!  I made a video about some information you should know...

https://www.youtube.com/a-dT6I7Ad3s

 

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TIMESHARES AND WHAT YOU NEED TO KNOW

Uncategorized Jul 16, 2018

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I just came back from a vacation this past weekend.  We had soo much fun!  My boyfriend "won" a 3 day, 2 night vacation in Virginia that we decided to take advantage of.  Who wouldn't want a free vacation?!  Well, of course it came with a couple of strings attached.  Here is what I learned:

Enticing You to Arrive
My boyfriend put his information into a sweepstakes to win a 3 day, 2 night vacation at his local Pizza Hut. A few weeks later he recieves a phone call saying that he won! Of course, he was excited and so was I! They explained on the phone that not only did we get the vacation but we also get a $50 Longhorn Steakhouse gift card and 2 vouchers for 2 more 3 day, 2 night vacations. This sounded to good to be true but since we only had to put $75 down as a deposit that we would get back after we listened to a presentation on one of the days, we decided to give it a go. We booked a date and marked it on our calendar.

Targeted Demographics
While I was...

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JULY 4th SHENANIGANS

Uncategorized Jul 08, 2018

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We had a ball (literally) for July 4th!  In my efforts to save money, I decided against the usual cookout for friends and family and spent the day relaxing.  My dad was in town so the boys spent time with their grandpa while I received some much needed down time.  Of course, I wasn't going to spend the whole day without my boys.  Later that night, we went to a baseball game (on the cheap).  This is how I made it happen...

The Tickets
The tickets were gifted to us from one of my grandpa's friends.  They had season tickets and couldn't make the July 4th game (#score)!  I snatched them up quickly (in hindsight, I'm glad I did because it was a sold out game).  It is not everyday you can attend a baseball game for free!  I didn't care where the seats were located!  Fortunately, when we got there, we realized the seats were stellar.  They were front row right behind home base.  It was great for the kids to see how the pitches...

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