How Blacks Spend Money
QUESTIONS TO BE GENERALLY RESPONED TO or WHATEVER FEELS GOOD TO YOU:
(1) How do you prioritize what material things are important to have in your life and why? Basically, how do you spend your hard earned money?
(2) Is the way we spend and handle money influenced by how we were reared? If so, can we change for the better or accentuate the positive?
Of course the homeownership stats are terrible for AA (see: http://www.infoplease.com/ipa/A0883976.html), credit ratings are bad ( see: http://blog.light-of-reason.com/archive/credit-scores-used-to-deny-african-americans-access-to-financial-services/)...but we (a lot of AA=some people I know or have counseled) seem to be able to get that real nice car, or flashy bling, or have an over-flowing closet full of clothes (probably hundreds of dollars worth that won't ever be worn), or buy the best liquors... Now, trust me, I have nothing against some of these things in moderation, and I enjoy a bit of Corvoisier VSOP or XO now and then; but I also know that cars, clothes, liquor... are for the dung heap eventually.
I used to be COO for a Company that advised people on their financial affairs. One of our rules in advising was, "Pay Yourself First!" That means when you make your budget (wkly, mnly, yrly) you place SAVINGS along side the Mandatory Bills; also look at homeownership as a right, not a priviledge (people will go all out to get, keep and defend a Right).
Example of things I do to keep more of My HARD EARNED Money or Save it for Life Affirming things (like Vacations, Plastic Surgery...)
Buy my coffee from Gevalia (best coffee and green teas in the world to me) delivered 4 times per year. $ 120.00 VS. I Used to spend $2.50+ per day on morning beverage=$650 per year minimally. Take my lunch to work VS Spending $3.00+ per day=$750 per year minimally.
I remember the first year I did these 2 things without fail for a year, set that money aside in an account, I had over $1500, been a believer every since!
Be Well, Live Well
I Am Most Excellent - Affirmed Only Of GOD.
I wish for You, what I pray for Myself: Wellness, Happiness and Success In ALL Things Good!
I know for Sure I Control: My Attitude and Effort, My Health and Happiness.
Be Well, Live Well
I Am Most Excellent - Affirmed Only Of GOD.
I wish for You, what I pray for Myself: Wellness, Happiness and Success In ALL Things Good!
I know for Sure I Control: My Attitude and Effort, My Health and Happiness.
~Shani~
I've been pudgy, chubby, thick, and now fat........Imma give thin a go round!!!
SW-262, size 18W, 5'6"
CW-168 1/15/2010
GW-162
94 Lbs down...6 more to go...changed goal to see Onderland for a hot second!
A Side Bar: When I talk with students in mentoring, I always ask them, "What makes best sense, buying a new car after HS Graduation for 16K, or if necessary taking out a Fed Loan for 10K for college." Many say, "Give Me the car", so I say, you are probably giving up $2 million dollars over the next 40-50 yrs minimally to buy something that when you drive it off the lot and brought it back in 30 days to sell, the same Dealer would not buy it back for 14K. An education is like Real Estate, it Appreciates in value over time, it's an investment in yourself.
Be Well, Live Well
I Am Most Excellent - Affirmed Only Of GOD.
I wish for You, what I pray for Myself: Wellness, Happiness and Success In ALL Things Good!
I know for Sure I Control: My Attitude and Effort, My Health and Happiness.
I'm glad you don't have an avatar because your nose prob long as shyt...........as much as you look down it! High and mighty mofos crack me up!!!!!!!
~Shani~
I've been pudgy, chubby, thick, and now fat........Imma give thin a go round!!!
SW-262, size 18W, 5'6"
CW-168 1/15/2010
GW-162
94 Lbs down...6 more to go...changed goal to see Onderland for a hot second!
~Shani~
I've been pudgy, chubby, thick, and now fat........Imma give thin a go round!!!
SW-262, size 18W, 5'6"
CW-168 1/15/2010
GW-162
94 Lbs down...6 more to go...changed goal to see Onderland for a hot second!
~Shani~
I've been pudgy, chubby, thick, and now fat........Imma give thin a go round!!!
SW-262, size 18W, 5'6"
CW-168 1/15/2010
GW-162
94 Lbs down...6 more to go...changed goal to see Onderland for a hot second!
