3 Reasons Why Most Black Don’t Become Wealthy By Valerie Love

Why black families struggle to build wealth?. The answer is not so simple. Even though historical reasons certainly play a bigger role in generational wealth. Yet evidence has also pointed out different reasons.

In the video 03 main reasons identify are “Flossing or Ballin”, the lack of money understanding and the everything now attitude. Nevertheless, the goal is not to condemn black culture. But, the ultimate argument is to encourage more African American to be more money conscious and long term focus.


Just by adjusting their lifestyle and community interaction. The African American community could easily be one of the most powerful. Yet it is worth noticing elements such as educational level, low investment in black communities and racial segregation.

Go deeper why most black struggle to build wealth nowadays?

This 2017 article from Huffpost, shed more about this topic with illustrative details. For example, the well-documented paper revealed statistics and empirical explanation about the real truth surrounding the limitation of black wealth.

Way forward

These simple tips if applied can help the black community build more wealth.

a. Pragmatism

Often time more African American don’t accept some hard fact evidence. As an illustration, if you live with the minimum wage why will you buy an iPhone? Why will you rent a $900 apartment if you earn $2000 a month? In essence, live either below your means or at par with your means.

b. Stronger community, stronger people

Across the country, most communities where the majority are black are invested with all sort of crime, decay, and destructions. Even though low public investments don’t help. Yet, some simple step could be taken to improve the situation.

  • Firstly, spreading more love within the community by supporting each other, organizing community cleaning up campaigns and
  • Also, team up to promote crime-free business opportunities.
  • Moreover, build solid black business networks and associations.
  • Finally, shop and buy black to encourage the community.

c. Behavior

African American need to be more optimistic and appreciate the opportunity of being American. In addition, this includes hard work and always thinking ahead. Also, the feeling of resentment and aggressivity only path the way for more social and racial clustering.

d. Education

More educated people equal more community elevation. By education, I don’t mean a college degree. I mean knowledge sharing, mentoring, and coaching. They are more important than a college degree.





How to Make Easy Passive Income

Passive income is everyone’s dream. The ability to make money while sleeping or enjoying yourself at a beach on a sunny day. Frankly who won’t like that. Many people have weight in and abundantly written about the topic. Read about Gary Vaynerchuck takes on it. In this article, I want to share with you what I consider as the best passive income idea, I have ever come across.

You will read, watch or listen to content about this idea or that idea. Typically it is all about asset businesses like a blog or real estate. But have you ever heard about investing in people?

So how can you invest for a lifelong passive income stream?

A. People

1. Build a community: You can do that online by leveraging a blog or a website to sell digital content and keep them engaged. Or you can develop your legit network marketing scheme. The good thing with network marketing is you can basically develop it for any type of business. The more you have people enrolling in your scheme the more money you make and it would grow by itself.

I will recommend building a network marketing empire around foods and cosmetic products or at least gravitate around Fast-moving products.

With a blog or a website, you have to develop content upfront for a couple of months perhaps years, optimize your SEO then publish and wait for the magic to happen. But make sure you publish quality contents. You can start with a couple of articles around 30 then continuously optimize.

I will recommend selling digital products such as e-books, audios, videos, music, articles, and books.

2. Develop a personal student loan program: You invest in a person or a group a person by paying their college degree or trade school program in exchange every paycheck you will get 1%. Furthermore, it is a model that has been around for a very long time. There is an unlimited market to tap into. You should always keep it between 0.5% to 1%.

I will recommend being extremely transparent upfront. Get an agreement signed. After all, a company can go bankrupt and disappear but an individual might be around for a while. You can work with students from underprivileged countries. Because the cost of entry is lower and they have very limited options. For example, $400 per year can cover a student cost for a year.

3. Agent: In my opinion, a good agent works 2 to 4 months per year. His main goal is to secure a multi-year deal for the person he represents. Think about those who invested in The Spice Girls band in the UK or the agent of the world most valuable sports players or entertainers.

I will recommend industries such as music, films or sport. But first, you have to make sure the person really has a talent. Also, transparency and honesty are critical.

B. Finance

1. Invest in the stock market: You can find a broker and give the person the money and let him do the workHowever, be aware of scams and pyramid schemes. So make your due diligence if possible hire a professional to run all the investigation.

Dividend stocks are great because while these stocks pay dividends they can also appreciate (or depreciate) in value. This means that you’ll still get to take advantage of compound interest of the value of the stock. Plus you can reinvest your dividends until you reach your desired amount

2. Equity Investor: as an investor, all you will do is just showing up at a board meeting once every quarter then go back to the beach. You don’t need to earn million to make your way through the investment career. Even a little as $1000 per year investment will go a long way if put towards a high-value startup or project.

I will recommend you to focus on already existing small businesses or startups with clear cash flows generation and a monthly payout.

3. Currency trade: This is a more complicated strategy but the more valuable foreign exchange you have, the ability to make good money. Imagine you have some euros at then USD drops against the Euro by 20%, you will be 20% richer in Dollars. Just as simple as that. Moreover keeping a certain level of foreign currencies is a good idea to have.

I will recommend you to always have at least 1000 worth of European Euro, Norwegian Krone, Australian Dollar and British Sterling Pound currency stored somewhere. Because they are one of the most stable currencies in the world.

4. Gold: it is the world most valuable metal and a safe haven. Have you ever asked yourself why central banks around the world use this as their respective currency reserve? If they do, why don’t you?

I will recommend having at least $2000 worth of gold in your safe.

C. Property

Investing in real estate is definitely one of the best ways to build passive income. that is because all you have to do is to buy in a property and then either rent/lease it out or wait for it to take value and leverage home equity’

But before you do please ask yourself those questions:

  • Do you want to buy the property for family purposes or for rental?
  • Do you want to use for both?
  • Are you looking to develop a new project or buy from existing markets?

Answers to those questions will help you determine, a location and a tentative budget. Moreover, if you choose rental/lease it is advisable to use a property management company to protect yourself against tenant abuses.

You must be asking yourself where is the money going to come from?

That is because from time to time we have heard from our grandparents and parents in order to make money in real estate you need to come up with the money and buy a property. If that statement was right a couple of years ago since 2012 and the JOB ACT is no more relevant. Indeed, in 2012 Congress passed the JOB ACT which allowed companies to market private investments to the public for the first time. Consequently, real estate crowdfunding was born.

What is real estate Crowdfunding?

Real estate crowdfunding companies do is allow investors like you and me to pool our funds and buy multi-million dollar commercial properties or $300k single-family homes – whatever we agree on. The returns on these investments are distributed according to how much each investor contributed.

There is no shortage of real estate crowdfunding platforms, so I recommend doing thorough due diligence.  If it is possible I recommend you seek counseling from a professional realtor.

Nevertheless here is a list of the most popular ones:

  • Fundrise
  • Roofstock
  • EquityMultiple

Here is how you can make a decent passive income from your property:

  1. Rental

Renting is super chill and at the same time, it requires a lot more effort from the owner. You can maximize your income by renting directly. But be prepared to deal with homeowner challenges. For example late-night call from tenants to complain about x, y, and z. In addition to finding a reliable tenant. But making a good return on investment on rental can be extremely challenging. That is why people typically leverage the extra income available to put into property rental. It is a means to store extra money.

2. Flipping

This is probably where the money is if done right. You find a property in a relatively good neighborhood, buy the house at a good price renovate it then sell it at the market price. The challenge here is to find the house you can buy at a good price.

3. Home equity

This probably one of the best way to make money from real estate. Basically, you buy a property and once it takes value. You can live from the extra money collected above the price you bought the house without selling the property. The downside is you need the housing market to constantly appreciate itself and you will need to know the perfect time to sell.

I will recommend looking into the co-property investment strategy to limit your financial exposure and get good deals in prime locations. However, make sure you do your due diligence. In addition, explore up and coming locations rather than investing in an already mature or trending market. Finally, find a mentor a real estate veteran to coach you and guide you throughout the process.

In conclusion

Passive income is awesome. You can choose one of those or a combination of all to achieve your financial freedom. Whatever strategy you choose, keep in mind you will need to put in some work upfront to enjoy a good income stream. Typically at least 1 year of hard work. So you will either sacrifice your time or money

How To Pay Off Student Loan : Useful tips

To pay off all your student loan, it will require some distinctive efforts and focus. Indeed student loans in the US are one of the most important debts crisis of the century. Some key statistics:

  • One in five adult Americans has a student loan.
  • The total amount of student loan debt is $1.47 trillion in 2018.
  • 44 million student loan borrowers in this country
  • 65% of college seniors who graduated from nonprofit colleges in 2017 had student loan debt.
  • Overall Student loan debt has seen almost 157% growth since the Great Recession and is the fastest-growing portion of the total household debt in the U.S.

As of 2018, roughly 1 out of 10 people with student loans were late with (or completely missed) their payments. That’s the highest 90+-day delinquency rate of all household debt—outranking auto loans, credit card debt and mortgages. So how can you pay off your student loan? This article will cover some helpful tips.

Takeaways: How To Pay Off Students Loans

To pay off your student loan, you have a couple of options. You can earn more money, save more money, leverage your environment, leverage your negotiations skills or credit card short term strategy.

A. Earn more money

Typically you can’t pay off your loan because you don’t earn enough money to keep you running. Every hundred dollars taken away from your paycheck puts you under hard stress to meet up with your bills. So a great solution will be to earn more money. Many options are available but you can either change job, request for a promotion or find a side hustle. Gaining extra income comes with more sacrifices. Either it will take away your free time, or you will need to invest money. Likely it is going to be a combination of both. However if well manage it could be very profitable, you could make a couple of thousands of dollars per month.

B. Save more money

Another very interesting approach of getting the financial space you desperately need to pay your students loan is to reduce your living expenses and to live within your means. Cut off all unnecessary expenses, trim your bills to save money. Another simple way is to adopt a minimalist lifestyle. You will have to let go of some of the threads and perhaps your gadgets. It is not easy but you have to keep in mind the main objective of paying off your students. It will certainly push you towards some hard time, maybe your loved ones will hate you, and probably you will be anti-social. Eventually, you will no more be as cool as you are now. But who cares the most important is your financial health. So stay focus and resist all the discounts, sales, promotions and the sweet talks encouraging you to be trending.

C. Leverage your community

The community approach in paying off your student loan is a collective approach that relies on tools such as saving circles, or lending circles (you can get a loan for zero interest rate). The community implication is also extremely critical as your relationships, connections, friendships can really support you towards achieving your goals. You could even team up with another person for motivation. Get a roommate or live with your parent so you can share bills and put it towards paying off your student loan. Of course, you will sacrifice your freedom and independence but you will gain in the long run. Nothing worth than having some extra dollars in your account.

D. Career

Check out for job opportunities that include or negotiate a sign-in-bonus, performance bonus and eventually a commission if you are in an industry that promotes that. You can take full advantage of money-making opportunities available at your company such as hiring referrals, or mission nobody wants to do. Plus you can also sell your side hustle to people around you in your company. Finally do not hesitate to change job, field or career if you realize the company or the industry will not take you where you want to go.

C. Credit card strategy short term

This is a very risky strategy but if well managed can be worth the shot. You can max out your credit card to pay part of your loan, then pay your credit card monthly payment. Because of its minimal, you won’t have that much pressure financially. That will give you space to breathe and strategize for the long term. It is a short term strategy that works pretty well if you put in the discipline required.

D. Credit Card Rewards

Every time you use it you are accumulating points. You can turn out and maximize those options by asking your roommate/family every month to do purchases and accumulate rewards with a single card. The credit reward is then redeemed and utilize the money to pay off student loan monthly payment. You organize it as a circle with each member of the community waiting for their turn every month.

Nonetheless, you need to read the fine print to understand the terms and conditions of your cash rewards program.

E. General

Here are some simple tips that you can apply to pay off your student loan.

  • Drive a cheap car if you absolutely need a car. If you don’t stick to public transportation and ride-sharing when it is necessary.
  • Buy use phone or cheap phone for less than $450
  • Avoid friends who are always thinking about spending money or refusing to grow up
  • Get a partner or get married to a person that is willing to support you through the process.
  • Cut off all unnecessary subscription plans
  • Stop taking vacations or travelings

In addition to the above, there another legal way you can take advantage of to avoid paying your student loan.

Extra: 4 Legal ways to stop paying your student loan

1. Income-driven repayment

Typically you will start paying your student loan only when you reach a pre-defined income threshold.

2. Join public serve

After a certain number of years of working in the public service, you can be eligible for a federal forgiveness program.

3. Serve your country and take advantage of forgiveness program for people who have served the military.

Joining the military has numerous advantages. One of those advantages is free tuition and the opportunity to get part of your complete loan taking care off.

4. File for bankruptcy

This is the ultimate decision, depending on how you will take things forward. If it comes to the point where you can’t afford to pay your student loan anymore then you can file for bankruptcy.

How long does it take to pay off your student loan?

There isn’t any miracle solution. Maybe if you win the lottery, receive an inheritance, donation, or apply for debt forgiveness. Perhaps you can find legal ways to stop paying your student loans. But, in essence, the time will depend on your ability to be focused and committed to getting out of debt. Some people get out debt two years after graduation, others 10 years. Some never. It all depends on you.

Conclusion: How To Pay Off Student Loan

Student loans are a pain in our finances. The negative impact on us goes beyond our imaginations. It affects our ability to buy a house, get married, or to leave in a certain comfort with our family. That is why the more you get out quit the better you will be. More importantly, money management skills are critical don’t hesitate to learn and ask questions on how to get out of debt.

What is a Saving Circle?

Every time, we think about friends we generally think about going out or hanging out together. Most activities revolve around spending money. We rarely talked about savings together. That is because we are very protective when it comes to our personal finances. In addition, trusting people with our money is challenging. Nevertheless, co-saving is a powerful tool to reach our goals, whether we want to buy a house, or even to pay for college. Also, it helps people reach common group goals such as birthday gift, or any major collective projects.

Takeaways: What is a Saving Circle?

Saving circles also known as co-saving is a century old mechanism. It is a  common practice in societies without easy access to banking. Researchers and scholars called it rotating savings and credit associations.

Takeaways: How does it work?

This a collective mechanism to save with a group without having a bank account or getting into more debts. The total amount collected belongs to the entire group members.

Typically, a group of people will come together and decides to improve their lives.

 Steps guide to set up a saving circle: Before

a. Find like-minded people

There is no required number. The key here is like minded people make sure you are all on the same page with the same vision, the same values, and objective in life. Also verify the financial aspect to make sure they can afford the monthly, quarterly, or weekly contribution.

As a recommendation, I will keep it under 12 and set weekly or monthly contributions.

b. Draft a constitution

A constitution is a set of rule that everyone abides by. This is a critical component because you are not just juxtaposing people but you are setting up a lifestyle. Those rules will govern how you guys operate it includes meeting time, contribution amount, meeting period, the profile of members, how to set up contribution, how to distribute money, what to do with the money, how the account will be managed, etc…

As a recommendation, set a steering committee of 3 can draft the initial paper that will be presented to all for collective editing and finalization.  Then a legal advice to ink everything.

c. Legal framework

It is important to acknowledge that a saving circle is an agreement between a group of people to execute certain operations. Consequently, it has to be enforced with a legal framework. That is why all members have to assert and accept the rules and regulations that govern the activities. If any member Fail to meet its obligations they will be sanction.

Always get assistance from a lawyer or an experienced person to avoid any disputes. The legal professional will review the constitution to make sure its meet local, state and federal requirements.

Steps guide to set up a saving circle: During

d. Meeting period

You have to set up a time when you all come together for meeting and to discuss all issues related to the organizations. You can share ideas on what to do with the fund or share your current issues. The quality of the encounter is enhanced by making it enjoyable with some social activities. In addition, if the entire saving period is 12 months, everything ends after 12 months. Thus the entire fund plus the interest generated is shared equally among all members.

I will recommend meeting once a month. Then you will have more to share and talk about. The meeting is rotative and hosted by each member.

e. Contribution

The contribution aspect of is the reason why you came together. Every time you meet everybody chips in his contribution. One person can contribute twice if their wish. as an illustration, if you decide to meet every month then every month be prepared to contribute the amount predefined. Then the host gets a chance to take all the money contributed that day minus a retained amount of maybe 1% to 5%. Or you can decide to just keep contributing and to divide the money equally at the end of the circle.

Steps guide to set up a saving circle: After

f. Dissolution

Actually, a saving circle is set for a specific period of time. A dissolution is recommended after you reach the set time. Equally, that leads to interest distribution among all members. However, you can decide to continue as a common agreement.

Before starting the dissolution process, you have to make sure everyone is on board and that’s the direction the majority of members are comfortable. Some saving circles are so well managed that the amount generated as interest made the members millionaires.

Advantages of a Saving Circle

  • Provide monetary access for people with no access to the traditional banking system.

All circles help a lot of people by providing them access to financial security and stability. The money they make can easily be stored in the organization bank account. Typically there is a person that walks around to request for contributions.

  • Access to cheap money

Being part of a saving circle is a great way to save money for any goal. In addition, the money saves if well managed could be placed by all members toward a high-interest rate yielding account.

  • Goals

Usually because of this method members can plan ahead and project them in the future with goals. It could be short term, mid-term and even long term. It is all about planning and joining the right organization. More importantly setting yourself specific goals to achieve, sharing with members so they can keep you on track.

  • Accountability

It is probably the most critical attribute of any circle. In fact, during the evaluation process, the assertion always starts with a thorough accountability assessment. Consequently, they will check every important aspect of your life. To confirm you have a high level of accountability. Most likely the only way to join an organization is by referrals,

In conclusion

Saving circles might not be for everyone, but it is certainly one of the most effective to reach your financial goal. Today with modern technology more online options are available to ease the process. Apps like https://twine.com or https://www.tandasavings.com are the latest way to save together with partners, family, friends or even strangers.



How To Make your Electric Bill Lower

Energy can represent a very large chunk of your monthly paycheck. If you factor air conditioning, furnace, heater, and hot water heater. So how can you lower your electric bill? According to the Energy Department, an average American family spends a total of $2200 per year on utilities. Improving your energy utilization can help you reduce your bill by at least 20%. That extra money you can save.

Takeaways: Make your Electric Bill Lower

Electricity bill takes a big portion of a household paycheck every month. The complete breakdown by State could be found in this report, published by the Energy Information Agency in 2017. It goes from $87 to more than $100 per month. Obviously, your personal or family usage play a bigger role in the process. But these are the strategies that you can implement to lower your bills.

How To Make your Electric Bill Lower

  • Install ceiling fans in all rooms: It will help keep the house cool in the summer and warm in the winter. They use less energy than the furnace or an A/C unit.
  • Keep your home sealed tight: this option will protect you during winter by limiting cold weather access in the house. Inspect your attic and your roof for ice dams, check for gaps pipes that go through walls, seal and insulate outlets and switches and check the basement for cracks. In addition, weather stripping around doors will allow air in and out.
  • Turn off electronics: Electronics guzzle power even when they’re off. Plug them into a power strip, then turn off the strip.
  • Motion sensor: They turn off lights automatically so you don’t waste electricity. They also add as timers.
  • Insulation conserves energy: Insulation reduces the exchange of heat through a surface. In a well-insulated home, less warm air escapes from the house during the winter, and less cool air escapes during the summer.
  • Limit electronic devices in your house: You don’t need to have many electronic devices in your house. Fewer devices mean less electricity consumption. Furthermore, you can set time and days for specific devices access.
  • Add solar panels to your home. Going off the grid with solar panels will help reduce your energy bill while installing solar panels can be expensive, the benefits may outweigh the initial cost. Moreover, the extra energy generated from your solar panels can be reinjected in the grid.
  • Wash your clothes at the laundromat once a month: Image when you are using your washing machine all the energy you use.

Other Methods to Make your Electric Bill Lower

  • Air dry your clothes: This might be hard to do on the coldest months, but once it summer, spring, fall or sunny winter you can definitely take advantage to dry your clothes.
  • Daylight: Take advantage of daylight to turn off lights in your house. Take out the curtains.
  • Natural air: Open your windows especially during summer/spring/fall and some period during winter when the weather is not too cold to ventilate your house.
  • Plant trees: Plant trees near your home, you’ll create shade, which will eventually cool off your home as the trees grow. The Arbor Day Foundation estimates that homeowners can save up to 20 percent a year on their energy bill by planting trees around their home.
  • Dress comfortably: Always put on warm clothes during winter or cold weather, cover yourself with blankets, have blankets also in your living room and turn on the heather when it is absolutely necessary.
  • Shower with hot water: Once per day, and no hot water during weekends. In fact, there are numerous benefits associated with taking a cold bath.
  • Don’t buy or rent big houses: Bigger house equals a bigger electric bill. Try to get a house that meets your needs and optimize all the space you have.
  • Always do rounds before going to bed to double check all the house corners to make sure no lights, no unnecessary electronic devices were forgotten on.

Out of the box strategies

  • Shared electric bill: if you live in the same house with adults you can request for each to pay a contribution towards the electric bill. They could be your adult child, cousins, brothers, etc…
  • Limit the number of people in your house: More people more pressure on the resources in your house. The same goes for electricity, if you limit the intake of people in your house, you will be able to control your energy bill.
  • Limit house events: such as parties, community meetings and other events that could drag in large crowd till dawn. You will be surprised by how much energy bill goes up when you host an event. Now imagine you host multiple per year.
  • Take advantage of your chimenea: this is a great way to heat your house especially during winter.
  • Electric heater: Because the normal heater is a more expensive option leveraging electric heater in some specific area of the house will lower your electric bill.

In conclusion

Saving money on your electric bill is not very easy and it requires the necessary mindset shift. Some of those strategies are pretty simple and easy to implement other require few efforts or help from an expert. But if you put in the time and the effort you will be able to same good money.

How To Save Money for a House : Out of The Box Steps

Buying a house is not cheap. More buying the house of our dream comes at a hefty tag price, down payment, closing fees, appraisal fees, mortgage, maintenance fees, tax and in some cases renovation fees. So how can we save money for a house? Here are some creative tips that can help you achieve that goal.

Out of The Box Steps to save money for a house:

A.Trim your budget:

  • Cut cable
  • Pack your lunch
  • Make coffee at home
  • Cancel gym memberships and all unnecessary membership payment. For the gym, for example, take advantage of all the outdoor activities.

B. Increase your income:

  • Work overtime
  • Start a side business
  • Get a second job even a third job
  • Change job and go for jobs with commissions and bonuses.

C. Join or create a saving circle:

A saving circle is a great way to work towards achieving that goal. Because is a group of like-minded people and the support system provided will keep you on track. Also, they are many saving circle opportunities available out there including organizations.

D.Co-buy a house:

Co-buy a house will not only save you a lot of money but also enable you to get access to your dream house, in your dream location. In addition, because it is a pool resource you can be more ambitious. Obviously, you need to associate yourself with people trusted and reliable people. After, the purchase you can renovate the house and modify it to fit your vision.

E. Renovate the family house: 

One of the most surprising ways to save money is simply by improving your parent’s house. Indeed, if your parent’s house happens to be in the same city, apply for a permit and redesign the house to fit the new paradigm. Actually, this is very effective in many countries around the world. Typically they will just add a new apartment in the family property.

F. Take advantage of high-interest on savings account and leverage the interest.

Some bank will offer a pretty decent interest rate in a savings account if you put in a certain limit every month. Even better if you block the money for a certain period of time usually at least 6 months. Moreover, if you are a member of a saving circle or any other similar program chances to achieve a high interest is bigger.

E. Keep away your ego

This is a very important aspect if you want to save money to buy a house. You’ve got to get a hunter mindset. Because you are in the lookout for any opportunity that can help you to achieve your goal. That is why you don’t have to neglect any opportunity either to make money or to save money. In addition, you need to be willing to take strong action steps.

In summary: How to save money for a house

Saving to buy a house is challenging as illustrated by many available resources. Nevertheless, by leveraging the power of the power you can minimize the risk associated with house ownership before, during and after the process.


How to Save Money

Learning how to save money will help your monthly budget with extra cash. In other to achieve that result implement these simple steps towards improving your spending habits. The extra money can go towards your vacation, emergency fund, a fund for the future or set you debt-free. This guide can help you learn how to save money on everyday and monthly. It would also help you prioritize your expenses.

The guide on How to Save Money:


Learn how to set a budget. If you don’t have the necessary patience to build one don’t be shy, ask for help. Apply the 50/30/20 devote 50% of your income to necessities, 30% to wants and 20% to savings. If that rule seems complex, you can take advantage of the saving canvas by edulers to build your budget.

Save money every day:

  • Coffee shop: If you are like millions of Americans and you need your coffee every day. You save money either by going to coffee shops that have a cash reward program with a major credit/debit card that gives you a certain percentage of cash back or helps you save money after each purchase. For example Bank of America with Starbucks give you cash back after each purchase and you can redeem the money when it reaches a threshold of $30.
  • Grow your own food: Growing some of your food will save you a lot of money and will provide you with endless supplies of vegetables daily. At least the common veggies you use to cook with. In addition before going shopping check your pantry and make a grocery list, use coupons and loyalty programs to maximize your savings as you shop.
  • Limit food intakes at restaurants: Your social life doesn’t have to suffer for you to save money. Eating out every day will deal a major blow to your bank account, but you can still dine out and stick to your budget. Limit your food intake or share food bills with your companion.
  • Use dollar bills: This might be one of the most restrictive measures. But it can go a long way to help you save. Make a daily budget and take the corresponding cash for your daily expenses.
  • Make your own food: The amount of money you will save per day from avoiding having lunch at your office.
  • Drink water: Stick to water and you will save a good amount of money.

Save money every week:

  • Join a saving circle: people come together to help each other achieve their savings goals. Maybe you are saving for college, to buy a house or simply to improve your financial health. The concept is old and it has proven to be very successful.
  • Group shopping: Take advantage of your connections and go shopping together. Group grocery shopping, for example, will cut down your grocery budget by at least 10%. Or you can go online with sites like www.groupon.com
  • Join membership retailers: Some retailers will give you unbeatable prices on the products they carry. In some cases, their assortments are so deep that you will find pretty much excellent deals all over. In that category, we can classify wholesale retailers like Costco.
  • Take public transportation: If you live in an area well served by public transportation take advantage. It would go a long way to save you money and energy. Imagine avoiding all the stress resulting from driving back and forth every day. While on commute you can leverage the time to work on your current project, read, meditate or reflect.

Save money every month:

  • Cancel unnecessary subscriptions. That’ll help cross at least a few recurring charges off your monthly bill.
  • Bundle cable and internet: You could save at least a couple of dollars every month by changing your cable package or even the provider.
  •  Lower your cell phone plan: For starters, you may not need insurance. Removing it from your plan could save you nearly $100 per year, per line. Remove also all the addon on your plan. Also, reduce the data limit if you don’t do streaming and others. Use wifi at work, at home or in coffee shops.
  • Lower your car bill: from refinancing your car payment to change your insurance bill. They are many options available. You can trade-in your car for cheaper options, you might eventually end up with extra cash.
  • Lower your rent: Look around you, and explore if there is anything you can do to your landlord in exchange for a rent reduction such as taking out the barrel or helping with getting a new tenant to occupy vacant accommodations. Either way, this obviously applies when you are in direct talk with your landlord.
  • Avoid bank overdraft and late fees: it estimated that American pay an alarming amount of money every month on overdraft fees.
  • Limit the use of check: In some banks, checkbooks are not free

Ultimately, you will address a fundamental question. To put yourself in saving mode, you will need to put in a lot of efforts. We all know people around us who claim they are broke or need more money but still find themselves using expensive phones, dealing with a cable bill of hundreds of dollars every month, take vacations every month or eating out every day. In essence, a mindset shift should be at the centered of your effort.

Finally, your environment plays an important role, the people you hang out with. Are they powering you towards achieving your saving goal? Or instead, are they dragging you down?

How To Save Money on Car Insurance

Finding ways how to save money on car insurance while getting good coverage without breaking the bank is one of the top car owner priorities. Indeed if you own an automobile, vehicle insurance is imperative and you’ll be grateful to have it after an accident. However, you don’t want to spend a fortune on a policy. Here are some ideas that can help you save big on your policy.

Takeaways: How To Save Money on Car Insurance

Here are some tips that leverage the power of the community. We will organize these tips into three groups. Group A, explore memberships, affiliated organizations, or family. Group B, weighing alternatives of vehicle ownership and group C financial transactions.

A: Memberships

  • Ask about group insurance: Some companies offer a special price to car owners who get insurance through a group plan. Indeed by aggregating demand, these groups negotiate a discount price on behalf of their members. Find out in your company, school, professional organization, alumni, or faith group.
  • Family discount: Consider asking for a family discount especially when you all get your insurance from the same insurance.
  • Get Cheaper Rates as a Full-Time Parent: Full-time parents will pay cheaper vehicle insurance rates than working parents. That’s because you’re not commuting to work every day.
  • Get Auto Insurance Through Costco: If you’re a Costco member, then you may be entitled to cheap auto insurance. Costco has partnered with Ameriprise Auto & Home Insurance to offer surprisingly cheap auto insurance rates. Depending on your region, Costco may be the cheapest auto insurance, provider. Check with your local Costco representative.
  • Combination homeowners policy and car insurance policy: This is a very smart strategy. By combining two or more policies from the same agency chances are you will save money. If you happen to have separate agencies find out how you can consolidate all the policies through one agency.

B: Alternatives to car ownership

  • Consider Renting a Car Instead of Buying a Second Vehicle: Some families have two cars. Both parents work in place not accessible to public transport and in different parts of the city, in this case, two cars are a necessity. But if both parents work in the same direction or at places accessible to public transport why having two cars? Consider renting when you need a car for a specific short situation such as vacation, road trip or etc…
  • Carpool to Work: If you don’t like the idea of using a bus or a train as for commuting then consider carpooling to work. You can even carpool to work with your spouse if you work in the same area. Whether it’s with a spouse or coworker, carpooling significantly reduces the number of miles on your car every year.
  • Take Public Transit: The fewer miles you put on your car every year, the less money you’ll pay for insurance. Thus consider taking public transit to work every day.
  • Ride Sharing Services: Ride-sharing services help you to avoid insurance  We’re not just talking about Uber and Lyft or taking taxis everywhere: today, vehicle sharing companies like Car2Go, ZipCar, and AutoShare are available in cities across North America. You can rely on to errands across the city such as grocery, outings or medical visits.
  • Drive a car that’s cheap to insure: Before you buy your next car, check car insurance rates for the models you’re considering. The vehicle you drive affects your car insurance premium, particularly if you buy collision and comprehensive coverage. Safe and moderately priced vehicles such as minivans and small SUVs tend to be cheaper to insure than flashy and expensive cars.

C: Financial transactions

  • Pay your Insurance Upfront: You can save a lot of money by paying your insurance in full upfront.
  • Work with a Direct Insurer Instead of an Insurance Broker: A broker’s job is to find you the cheapest rate on car insurance. However, you typically pay a fee for this service. Sometimes, you can save a considerable amount of money by working with a direct insurer.

Conclusion: How To Save Money on Car Insurance

Unfortunately, car insurance is a necessary expense even though it is costly. However to save on money on your car insurance, whatever your age, social status, and driving experiences there are plenty of ways to save a significant amount of money.


How To Make Money Working From Home

The ability to make money working from home is most people’s dream. However, the outcome depends on how much time and effort you put in. Efforts can go from some few minutes to a full-time position. Either way, you could leverage your skills to earn money in a way that meets your needs and availability.

Takeaways: How To Make Money Working From Home

Some tasks will help you make some few dollars while with others you could expect to take home a very good paycheck. In fact, I know some people that make over 6 figures working from home every month. here are some ideas that could help you achieve the same level of freedom whether you are a homestay mom, dad, student, a senior or just looking for a career change.

  • Slow-income generation task:

it is considered slow income generation because it would take some time before you could actually make some substantial income.

Take online surveys: It is a very simple and easy way to make money online., But it takes a while to make a hundred dollars. The ratio of time vs income is extremely low. However, if you put 24h/7 you could end up with more than $200 according to certain personal finance blogs.

Monetize your website: If you have a blog or website, let it make some money for you while you are at rest. Programs like Google AdSense allow advertisers to bid for your ad space. It’s free and doesn’t have to add to your workload. Ads run on your blog and you make money when visitors click on them. With good web traffic, you expect to take home a very interesting paycheck. In addition, you could either request for donations or sell a physical product or a digital product on your site.

Youtube/Vimeo channel: If you have a passion you could put it to work by creating video content around your passion. Then you could monetize it by either selling your most creative video content to your audience worldwide or running ads on your piece. Nevertheless in the case of ads you need to reach a threshold on youtube to get good money out.

  • Fast-income generation task

It is considered a really fast way to make regular money.

Freelance: Chances are you have specific skills or technical ability or even good knowledge about a specific topic you will like to share. You could join websites like Fiverr or upwork that connect freelancers to businesses and sell your skills.

Remote jobs: You could actually get a full-time job working from home. Indeed such job type could range from, virtual assistant, scheduler to more technical jobs such as data entry. Also, websites such as flexi-jobs or indeed could help get the perfect match.

Home restaurant: The trend is growing across the country. By taking advantage of the space in your house, you can make money cooking at home.

Choosing the best method that works for you is essential. Just make sure you keep records of all your dealings in case something goes wrong or you need to file for taxes. Regardless, working from home provides you with so much freedom and flexibility.



How To Save Money on Phone Bill

Learning how to save money on your phone bill will put extra cash in our wallet.  That is because if you are not careful your bill can quickly escalate and take out a hefty part of your monthly paycheck. Can you actually find a way to save money on phone bills? An appropriate answer to the question can be daunting with little knowledge. However, here are some options available that can help you lower your bill.

9 tips to save money on phone bill

1. Add lines: At first, it might sound odds because add lines will actually increase your bill. But splitting with other people will reduce what you each pay. Moreover, the more line you add the better overall price you receive.

2. Use wifi when you can: Data coverages can add up quickly, and some providers charge a premium. Yet make sure you stay within your monthly limit. Consequently try to use wifi connection whenever it’s available at home, work, coffee shops or malls. If you are on the go don’t use your data to download, stream video, music or listen to podcasts.

3. Swap phones with your community: Some plans include the price of a new phone. Try to keep your phone longer and resist calls for a new phone. If you need a new phone just try and swap with another person that might be looking for a new phone but don’t want to pay for it. You can start by leveraging your family, friends and immediate environment.

4. Get a corporate discount: Chances are your company has a partnership with a specific mobile carrier, try and take advantage. Usually depending on the size of your company you can get a very good deal. Nevertheless, the challenge will come from the carrier choice and the duration and the terms of your commitment.

5. Cost-share with an employer: You could conduct business on your personal phone for your employer. This could include phone calls, email, and others. Or you could simply use the business phone for your personal business. Obviously, you want to make sure the company has a cost-sharing policy in place or your employer participate in phone reimbursement.

6. Switch to paperless: Nowadays, companies offer some discount if you switch to paperless billing.  The amount save typically around $5 might look negligible but it can quickly add over the long run.

7. Do you need all the extras?: This is an essential question you have to ask yourself.  That is you have to be careful when you are signing your mobile bill contract. Think of insurance, extra data, streaming services, international calls, and other add-ons. They can climb up to $20 per month. That is exactly what I save on my phone bill when I cancel everything.

8. Go without data: This is a more radical approach especially nowadays. But you can evaluate your lifestyle and check if you actually really data 24/7. If you really need data perhaps you can go for the plan you really need. For example, I managed to survive more than 2 years without data. It was challenging but I made it. I simply took advantage of all the free wifi at work, coffee shop, home and etc…

9. Expensive phone: Not sure you really need that. One of the most critical components of a phone plan is the price of the phone. In some cases, it represents more than 40% of the total of your bill. So reevaluate and resist the sweet sales talk and ask yourself if you really that trending phone with those amazing features. More if you can keep your phone as long as possible you are up to save good money.

10. Keep your phone longer: Indeed with today’s pressure on phone companies to keep up with the competition. So they are making new releases practically every month. It could be challenging for the average consumer to resist the trending temptation of changing phones all the time. However the longer you keep your phone the better deal you can get if you absolutely need a new phone.

11. Don’t buy a contract phone: contract phone is extremely expensive. The monthly plan might seem cheaper at first sight. But in the long run, when adding up interest rate it becomes expensive.

12. Switch carriers: Shop around and see who can give you a better deal that fits your budget. You’ll probably find a good offer at less known, smaller carrier. Most of them have some links with the big guy. So chances are you are still going to keep the same benefits. So do your research and shop around.

Takeaways: How To Save Money on Phone Bill

The above tips are not exhaustive but reflect edulers’ contribution to the topic. By implementing those you will be able to save money. As usual, financial empowerment is central to our actions and ideas.


Choose the right phone plan, is often not regarded as a critical decision. As a  result, people don’t take their time to assess every corner of the decision.  You will want to evaluate many factors when going after a plan especially if you want to save money.

  • Try to determine how much data you can use monthly
  • How many minutes of calling you can approximately do per month?
  • The carrier network coverage
  • The cost of the phone
  • Your monthly budget. I will recommend your cellphone budget shouldn’t be more than 15% of your total revenue.
  • In addition, always monitor your bill.