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How to Pay Your Rent Without going Broke

April 25, 2019 by Raphael Husbands Leave a Comment

For many people the 1st of the month is a stressful time. No partying that weekend. No eating out. No shopping sprees. Kids have to stay in the house…

It’s time to pay rent.

Too many people are out here broke around the 1st of the month because they just paid their rent. They say they have no money because they gave the majority of their paycheck to the landlord. I’ve run into this so much that it’s become obvious to me that this must be really common.

If this applies to you then here’s my simple piece of advice for you to stop this madness:

[Read more…]

Filed Under: Life, Money Tagged With: allocation, budget, money stress, mortgage payment, Personal Finance, rent, rent payment, take control

How to Open a Custodial Investment account for your Children with the Stockpile app

April 10, 2019 by Raphael Husbands Leave a Comment

Recently my oldest son turned 16 and I was wondering for weeks beforehand what to get him for his birthday. I knew he would like some new sneakers but I also wanted to get him something that wouldn’t just be “stuff”.

Stuff only lasts for a short period of time and then kids will just forget how much they liked it at first anyway. Getting him a gift that would mean something to him years later was important to me. Buying him stock in a company that made products that he liked and used seemed like a good idea.

I eventually decided to get him some Vans sneakers and 16 dollars worth of VF Corp. (stock symbol: VFC), the company that owned the Vans brand at the time of me writing this. The idea was to get him interested in the companies behind brands that he loves and in the stock market in general.

My hope was that he would remember that his father bought him stock for his birthday long after the sneakers wear out. It’s all part of me trying to educate him on finances and getting interested in investing. I tried to make it more memorable by buying him 16 dollars in stock for his 16th birthday.

Anything to leave an impression. (I also opened him up a savings account on his 13th birthday with 13 dollars.)

He thought it was cool but didn’t seem excited about it. There’s still time, he may become more fascinated by it later on in life and that’s fine by me. I’m just planting seeds here, no need to rush.

I’m just trying to spark his interest and maybe build him a nice portfolio that he can tap into as an adult. You may want to do the same.

It’s very easy to do in this day and age with all the new investing apps out there. I used an app called Stockpile that you may want to try.

The Art of Repetition: Jay Morrison’s Jay Walk episode 6

February 24, 2019 by Raphael Husbands Leave a Comment

Today’s lesson learned from Jay Morrison of the Tulsa Real Estate Fund is based on episode 6 of his “Jay Walk” YouTube lecture series. This episode was called “The Art of Repetition” and can be seen here.

Jay gives one of the best pieces of advice for anyone looking for success no matter what it is or how they define it.

So many of us are frustrated that we haven’t gotten things or accomplished goals as fast as we would like. Sometimes we humans just have a microwave mentality and expect instant results. Too bad life doesn’t always work that way.

Jay talks about how repetition is key to getting what we want out of life.

Thug Motivation: Jay Morrison’s Jay Walk episode 5

February 16, 2019 by Raphael Husbands 1 Comment

Continuing with our commentary on Jay Morrison’s Jay Walk Youtube series today we talk about episode 5, “Thug Motivation”. (You can see the video here).

In this video he talks about dealing with adversity and the options we have for doing so. Jay says there are really only two options: fight or fold.

We will all run into setbacks sooner or later. There will be times when you lose friends, deals, lovers, money, you name it. Unexpected things will happen to disrupt your plans no matter how well you plan. It happens to the best of us.

Bad things happen to good people.

You are no exception.

You will have to decide how you’re going to face your trials and tribulations. Like Jay said, there are only two options:

Stop Being Stupid: Jay Morrison’s Jay Walk series episode 4

February 9, 2019 by Raphael Husbands Leave a Comment

In episode 4 of Jay Morrison’s Jay Walk YouTube series he talks about one of the most important concepts that can help anyone in any area of life. It is simply this:

Stop being stupid!

The easiest way to get everything that you want out of life is to NOT be stupid. I know what you’re thinking….

DUH!

Before you roll your eyes and click away from this post then we should really define what “stupid” is. The Merriam-Webster dictionary defines stupid as slow of mind or given to unintelligent decisions or acts.

We’ll focus on that second part regarding unintelligent decisions or acts.

[Read more…]

Filed Under: Life, Money, Work Tagged With: Jay Morrison, Jay Morrison's Jay Walk YouTube series

Charm and Disarm: Jay Morrison’s Jay Walk episode 3

February 2, 2019 by Raphael Husbands Leave a Comment

Today’s lessons learned from Jay Morrison are taken from episode 3 of his “Jay Walk” YouTube series. In this episode he talks about the principle he calls “Charm and Disarm”.

(See episode 3 here)

The entire premise is based on making life easier for yourself by “putting your best foot forward”.

Send positive signals with your appearance

Stop Being Scared of Ghosts: Jay Morrison’s Jay Walk episode 2

January 26, 2019 by Raphael Husbands Leave a Comment

On the second episode of Jay Morrison’s Jay Walk YouTube series he advises everyone to “Stop Being Scared of Ghosts” (see video here).

This is really good advice that almost everyone needs to hear. What he was talking about is the tendency of people to be afraid of things that might happen. Too many of us stress over potential bad news or negative outcomes.

Don’t be afraid of things before they actually happen

This is the main point of the video and relates closely to the first episode of his Jay Walk series.

[Read more…]

Filed Under: Life, Money, Work Tagged With: courage, fear, finances, Jay Morrison, Jay Morrison's Jay Walk YouTube series, Life

Never Tell Yourself No: Jay Morrison’s Jay Walk episode 1

January 17, 2019 by Raphael Husbands Leave a Comment

Recently Tulsa Real Estate Fund founder Jay Morrison started a new video series on Youtube called Jay Walk. It’s his way of giving advice to the Black community on how to maneuver successfully in life and business. The first video in the series was called “Never Tell Yourself No!” (click here to watch)

I thought it was really good advice and needs to be shared. This is a concept that most of us need to internalize. I know that I need to.

Here are the key takeaways:

Never quit before you start

This is the major point that Jay is trying to make. Never telling yourself no doesn’t mean go out and buy yourself whatever you want on impulse or never delaying instant gratification.

What he meant was that you should never give up on something you want to achieve before even trying. Too many people don’t try big things because they talk themselves out of it. Personal development expert Brian Tracy says that people attempt their goals an average of less than one time.

Less than one time.

That’s crazy. People quit before they even start. This is due to a lack of self confidence.

Don’t let that be you.

[Read more…]

Filed Under: Life, Money, Work Tagged With: courage, fear, finances, Jay Morrison, Jay Morrison's Jay Walk YouTube series, Life

Respect Your Shoebox like Rick Ross

January 14, 2019 by Raphael Husbands Leave a Comment

Recently I came across a Youtube video from Tidal the music streaming service. They have a series called Side Hustle where they profile artists doing business outsiode of the music industry. Their first episode featured rapper Rick Ross and he said something I found interesting.

(see video here: Rick Ross on Tidal Side Hustle)

When the host asked what advice he would give people who didn’t have money like him he said that it isn’t about having a Rick Ross-sized bank account. He said:

It’s all about respecting your shoebox…

Respect Your Shoebox

That phrase stood out to me. By “shoebox” he meant where-ever you stash your money like a savings account or a literal shoebox that you might throw cash in.

[Read more…]

Filed Under: Money Tagged With: Personal Finance, Rick Ross, Saving, Saving Money, savings plan, Side Hustle, Tidal

How To Kickstart Your Savings

November 8, 2018 by Raphael Husbands 1 Comment

Photo Credit: mymoneypet via Compfight cc

Having trouble getting your savings started? We’ve all been there. Some of us are still there. It can be hard mentally to get into the savings habit.

One of the biggest problems is people thinking they don’t make enough to save anything at all. After paying bills, buying food and just living life there’s nothing left over. That must mean there isn’t enough money to save, right?

You’ve got to get over that. If we’re honest with ourselves we know that we waste more money than we admit. If you don’t plan your finances it’s easy for certain items to eat your whole paycheck. For me it’s fast food and snacks.

Cutting back on that waste can be the building blocks for your savings account. I’m not telling you to cut out all luxuries and deprive yourself completely. I’m not even telling you to create a budget if you don’t already have one. There are painless ways to get your savings up and running. [Read more…]

Filed Under: Money Tagged With: 1% rule, Automate, finances, income, pay yourself first, respect your shoebox, Savings, savings plan, set it and forget it

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