Episode 34: I Lost All My Money in the Stock Market & Other Investment Myths

Hello everyone! We’re kicking off our investment series. We will discuss exactly what is the stock market, why investing is for everyone, and common myths surrounding the Stock Market.  The following are show highlights:

 

·      The stock market is literally a place where you buy and sell- or trade shares- or pieces of an owned company.

·      Chances are you’re already an investor. If you have a Thrift Savings Plan, 401(k), or 403(b) plan, you already have an investment portfolio through your employer.  You’ve been putting money away for retirement- a fancy term that means you’ll get paid to not work.  

·      You will lose money.  Yeah, I said it. However, investing works for the long time horizon.  You have to stay committed to the stock market through good, bad, and ugly.  If you stick through each downturn, you will be rewarded. The stock market isn’t for someone looking to keep their money for the short term.  We’re talking 10, 20, 30+ years of dedication.

·      A little bit truly goes a LONNNNNG way. No one is asking you to spend exorbitant amounts of coin in the market as a novice.  Nah. Start putting $20 away each month and increase incrementally every time you get a raise, get promoted, or save money.  The money will grow. 

 

Additional Resources:

What in the world is an Index Fund?

Real Estate or the Stock Market

How Warren Buffet Collected So Much Coin

 

Instagram & Twitter:

@stacksnthecity

 

Music:
bensound.com

Episode 33: Desmond Scott, The Accidental Entrepreneur

Episode 33: Desmond Scott, The Accidental Entrepreneur

Hello, everyone.  Today I had the absolute pleasure of meeting gym owner and change agent Desmond Scott of Prime Institute of Durham, North Carolina.  This accidental entrepreneur creates a gym environment that centers around the people who built it- his clients.  He asserts quality customer service as the timbre of his success.  But this is the show all about this money- what does Durham’s fitness guru say about finding motivation and fitness?

Episode 32: CEO Spotlight Feature Yasmine Saibou of Darker Berrie

Hello everyone! I am so excited to highlight Yasmine Saibou of Darker Berrie, a lifestyle blog on fashion, money, and DC life from the perspective of a twenty-something young urban professional. Yasmine worked hard to create an abundant life of fortune, fitness, and fashion. She uses her experiences in relationships and her upbringing as fuel to be the best version of herself. She’s worked hard to reduce her debt and stay active in the gym all while staying flawless in photos. She provides a plethora of information on how we can be financially savvy in our relationships, how accessories can make an outfit of any price stylish, and how to get and keep waists permanently snatched.

 

Quick Tips:

  • Variable costs factor into your money more than you’d think! It ain’t only about the rent ya’ll!

  • Call them out! Pull out the W2s and pay stubs when taking steps to cohabitate with your partner.

  • Instead of doing the most with a goal do the least consistently. Start goals using the 30/50/80 plan. Start a goal 30% of the time and steadily increase your work to 50% and 80%.

Connect With Me:
@stacksnthecity

Music:
bensound.com 

Episode 31: Goals Game Strong

Hello everyone! Today is yet another fantastic episode of Stacks and the City and today we’re talking all about how to set goals. I truly believe that you can accomplish ANYTHING you want- you just have to start with strong goals!

 

A Good Goal is:

·      Specific: what is it exactly you want to do?  Write it down and be specific!

·      Time Measurable: what is the amount of time you’d like to achieve your goal? 6 months? 12 months?

·      Attainable: Is your goal possible to achieve in the amount of time allotted?  Make sure your goal is challenging yet possible!

 

Quick Tips:

·      Stay consistent with your goals! Just because you don’t see results today does not mean goals aren’t happening!

·      Find your motivation! Understand why you want to accomplish your goal and think about that everyday.

 

Additional Resources:

https://www.saba.com/blog/3-types-of-goals-you-should-set-in-2015

https://www.mindtools.com/page6.html

 

Instagram & Twitter:
@stacksnthecity

 Music:
bensound.com

Episode 30: Ask Ashley

Episode 30: Ask Ashley

Hey ya’ll! I know I’ve been MIA for the past couple of weeks but I really wanted to spend some much needed quality time with my family. Nonetheless, 2019 is turnt and here and we’re here! This week’s episode is an Ask Ashley, where I answer ya’ll’s pressing questions about getting and managing money.  I am so grateful for the questions ya’ll asked.

Episode 29: It's Not About You

Episode 29: It's Not About You

Ya’ll…we are in he swing of the holiday season and if there is one pet peeve of mine during this time, it is hands down the me, my, I mentality. This is he season of GIVING. We need to spend more of this time thinking about what we can do to make others happy. How often do we go Christmas shopping for others and see items we’d want (and eventually purchase) for ourselves? Why is that during this time of year we never seem to have enough money for others but we pull out the finest for ourselves for other times of year?

Episode 28: We Ain't Going Broke Over the Holidays

Episode 28: We Ain't Going Broke Over the Holidays

Hey ya’ll! We are in the thick of the holiday season! Whether we’re ready or not the holiday season is absolutely upon us.  We have NO TIME to be broke over the pomp and circumstance that surrounds this time.  Today, I’m sharing my top 5 tips on saving money over the holidays:

 

 

1)   Plan Ahead!

Planning ahead makes this holiday season much easier!  Even by thinking about who you’re going to give gifts makes execution much easier.  Planning is somewhat like predicting and preparing for the future.  The holiday season happens at the same time every year- preparing for it in advance makes it much easier.

 

2)   Tier and Price Your Family and Friends

Group the people who you’re giving gifts to. The inner circle, and more important people in your life get more of a splurge gift, friends get something cheaper that shows thought, and acquaintances get a card or something inexpensive yet thoughtful.  Write the people whom you want to give gifts to, create A PHYSICAL NUMBER FOR PRICE, and find the perfect gift from there.  That way, you’ll stay within budget have an opportunity to give.

 

3)   Give Cards with Messages!

Remember this is all about giving and THOUGHT! Giving messages to people who never expect a gift from you is truly fantastic.  Purchasing holiday card and getting snail mail still make friends and loved ones excited and happy!

 

4)    Get Creative with Gift Giving!

People are more excited about the experience of “Christmas” versus actually receiving gifts.  Give the experience of gift giving.  Packaging and heartfelt messages can matter more than the price of a gift.

5)   Don’t Buy Anything for Yourself

Ya’ll…people are really out here purchasing gifts for self left and right but never seem to have money to give to someone else.  This time of year IS NOT about you! It’s ok to not know what someone else wants for Christmas but that isn’t an excuse to buy gifts for yourself and say you can’t afford to buy gifts for someone else.  Prioritize someone other than yourself!

Keep in Touch!

Instagram & Twitter:
@stacksnthecity

Music:
www.bensound.com

Episode 26: I Was Over Corporate America So I Bounced

Episode 26: I Was Over Corporate America So I Bounced

My career choices have been a strange paradox of working in the most prestigious institutions in America but not feeling part of the mission.  Over my numerous jobs, watching legislation pass, busy executives close major deals, and million dollar transactions, I only saw boredom and the passage of time.  I never felt that these jobs aligned with my purpose.  After working for Morgan Stanley, I KNEW that God had a greater purpose for me.  Instead of staying in a pretty consistent, relatively well-paying job, I decided to leave and take a chance.  Though I have NO idea what I’m doing or how I plan to earn a living from helping people get their money right, I KNOW I’m exactly where I need to be in my life right now. 

Episode 25: CEO Spotlight with Rachel Hill of Rachel Travels

Episode 25: CEO Spotlight with Rachel Hill of Rachel Travels

Today’s episode features the phenomenal travelpreneur and world traveller Rachel Hill of Rachel Travels.  Rachel bravely quit her lucrative six-figure corporate job to travel to Southeast Asia to find meaning and purpose in her life.  Her seemingly one-time adventure quickly morphed into a multilayered travel business and brand.  I had the upmost privilege of interviewing her to hear her insight on globetrotting, leaving corporate life, and getting the best deals on global travel.

 

Episode 24: CEO Spotlight with Yanely Espinal of Miss Be Helpful

Episode 24: CEO Spotlight with Yanely Espinal of Miss Be Helpful

Ya'll I KNOW it's been a long time but we're back and in action!! Today I have Yanely Espinal of Miss Helpful Info.  She has a fantastic YouTube channel dedicated to helping young millennials get their money right.  She grew up in poverty in New York City and managed to get out of over $25,000 in debt on a teacher's salary.  She truly embodies how to get your money right and that you DON'T need to come from wealthy means to learn how to generate wealth.  What I love about her interview is her explanation of mental investment to have a lifetime of mental stability and happiness.  My biggest takeaways for getting this money is:

Episode 23: How I Got Chased Out of an Italian Grocery Store and Other Travel Tales

Episode 23: How I Got Chased Out of an Italian Grocery Store and Other Travel Tales

If there is anything in my life that excites me it’s travelling. The ability to travel gets a plethora of challenges, hurdles, and self-discovery that no other experience in life compares.  Not to mention, it’s enlightening on a whole other level to see how 7 billion other humans create their existence on this Earth.  This week’s episode delves into my appreciation for travel, and more importantly, why you should do it.  We also discuss simple tips on foreign travel. Remember, the human existence is salient- meaning all humans have to eat, sleep, communicate and procreate to survive. It has been a truly humbling experience to see how others adapt to these needs.

Episode 17: CEO Spotlight Featuring Courtney Sanders of Think and Grow Chick

Episode 17: CEO Spotlight Featuring Courtney Sanders of Think and Grow Chick

Today's episode features a phenomenal young woman named Courtney Sanders of the Think and Grow Chick.  Courtney's platform provides mentorship, empowerment, financial advice, and entrepreneurship help to millennial women all over the world. Courtney managed to make a multiple six-figure salary with her Think and Grow Chick platform.  Courtney's road to success didn't come simply; in fact, Courtney earned a full ride to Howard University only to lose her scholarship the following year.  Find out Courtney's wake up call, and her relentless drive to educate and elevate her financial position.  

Episode 15: CEO Spotlight Featuring Naseema McElroy of Financially Intentional

Episode 15: CEO Spotlight Featuring Naseema McElroy of Financially Intentional

Hello my CEOs! Today’s CEO Spotlight features a Naseema McElroy, a delivery nurse who managed to pay off shy of ONE MILLIONS DOLLARS of debt in under TWO YEARS! Her feat allowed her to become one step closer to financial independence and inspired her to start Financially Intentional, a brand dedicated to helping other women get out of debt and live a financially stress-free life. Below are some key takeaways from the show: