National Black Guide - Money and Savings

Money and Savings

Jennifer Matthews, MBA,provides financial literacy services, training, and mentoring that helps people understand cash flow and better manage cash on hand. Her services include credit restoration and affordable detailed, personalized wealth creation systems for her clients. Ms. Matthews released an ebook entitled 12 Ways To Put Money In Your Pocket Every Month Without A Part-time Job. The ebook is available online at www.12WaysToPutMoneyInYourPocket.com. Ms. Matthews earned an MBA from Johns Hopkins University. Ms. Matthews is the former Maryland/DC State Coordinator for The Delta Challenge Homebuyer Initiative of Delta Sigma Theta Sorority, Inc. and chairs the Economic Development Committee for her local chapter. She is also a guest expert on WUSA9’s Mind Over Money consumer show in Washington, DC.To schedule Ms. Matthews to speak for your company, church, or organization, contact her at 866.732.4270 or info@CreatingFinancialLiteracy.com.

How To Guarantee Financial Success

As this country continues to barrel forward into a recession, and too many families are crushed under an avalanche of debt, out of the fog appears this monthly column! Guaranteed Financial Success will do just that for readers who commit to taking massive and immediate action to change their financial situation.

Understand the power and importance of mindset. Some of you read the first paragraph and got excited! Others read the first paragraph and thought to yourself that there is no hope for your finances, or think there are no guarantees in life. Understand that you reap what you sow, and therefore those who sow good thoughts in their minds reap great rewards! Those who sow negativity, continue living along that chosen path in life.

What does it take to guarantee your financial success? The answer is: four must have, carved in stone, initial financial success steps! First, you must write down what financial success means to you. Be very, very specific! Next, write down the reasons why you want the financial success you wrote about. Again, it’s important that you be very, very specific! Third, you must have an unwavering commitment to do what it takes – by any means necessary (legally, ethically, and morally) to achieve the financial success you wrote about. The final step was mentioned earlier. You must take massive and immediate action to implement everything you read in this column in the months to come! Without this all-important step, the first three steps cannot happen!

This column is going to challenge some of you. Financial success is simple to obtain for those who have the proper positive mindset and are committed to moving forward regardless of what friends and family may say. Understand that if the person giving you advice (or grief) is not already where you want to be financially – do not listen to them! Also understand that if you find yourself saying that your journey to financial success is too hard, you have to realize that the real truth is that where you are is too easy! It’s much easier to keep living your current, financially troubled lifestyle that lacks accountability than it is to be accountable to yourself and to what you wrote down! This is what I call “the comfort zone of misery”!

In the previous paragraph, I mentioned “your journey to financial success”. For most people, it was a journey to get into their current financial situation. You have to be willing to embark on a new journey that will Guarantee Financial Success. I look forward to being your guide on your new journey and sharing many tips and resources to assist you. Begin your new journey by emailing me what you wrote down as the first two steps to financial success. Include your name and telephone number.

Next month we will begin looking at the four requirements for a firm financial foundation: financial planning, tax planning, getting credit scores over 700, and debt and money management.

GFS Money Minute: If you get paid bi-weekly, get a calendar and circle each payday. Mark the two months when you receive 3 paychecks. With proper planning, you should finish these two months with a full paycheck – remember that 10 months of the year you live off two paychecks, so why not all 12? To end these months with a full paycheck, base all expenditures on 2/3 of each of the 3 paychecks. Put 1/3 from each paycheck away, which will add up to one full check at the end of each month.


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	Money and Savings Jennifer Matthews, MBA,provides financial literacy services, training, and mentoring that helps people understand cash flow and better manage cash on hand. Her services include credit restoration and affordable detailed, personalized wealth creation systems for her clients. Ms. Matthews released an ebook entitled 12 Ways To Put Money In Your Pocket Every Month Without A Part-time Job. The ebook is available online at www.12WaysToPutMoneyInYourPocket.com. Ms. Matthews earned an MBA from Johns Hopkins University. Ms. Matthews is the former Maryland/DC State Coordinator for The Delta Challenge Homebuyer Initiative of Delta Sigma Theta Sorority, Inc. and chairs the Economic Development Committee for her local chapter. She is also a guest expert on WUSA9’s Mind Over Money consumer show in Washington, DC.To schedule Ms. Matthews to speak for your company, church, or organization, contact her at 866.732.4270 or info@CreatingFinancialLiteracy.com. How To Guarantee Financial Success As this country continues to barrel forward into a recession, and too many families are crushed under an avalanche of debt, out of the fog appears this monthly column! Guaranteed Financial Success will do just that for readers who commit to taking massive and immediate action to change their financial situation. Understand the power and importance of mindset. Some of you read the first paragraph and got excited! Others read the first paragraph and thought to yourself that there is no hope for your finances, or think there are no guarantees in life. Understand that you reap what you sow, and therefore those who sow good thoughts in their minds reap great rewards! Those who sow negativity, continue living along that chosen path in life. What does it take to guarantee your financial success? The answer is: four must have, carved in stone, initial financial success steps! First, you must write down what financial success means to you. Be very, very specific! Next, write down the reasons why you want the financial success you wrote about. Again, it’s important that you be very, very specific! Third, you must have an unwavering commitment to do what it takes – by any means necessary (legally, ethically, and morally) to achieve the financial success you wrote about. The final step was mentioned earlier. You must take massive and immediate action to implement everything you read in this column in the months to come! Without this all-important step, the first three steps cannot happen! This column is going to challenge some of you. Financial success is simple to obtain for those who have the proper positive mindset and are committed to moving forward regardless of what friends and family may say. Understand that if the person giving you advice (or grief) is not already where you want to be financially – do not listen to them! Also understand that if you find yourself saying that your journey to financial success is too hard, you have to realize that the real truth is that where you are is too easy! It’s much easier to keep living your current, financially troubled lifestyle that lacks accountability than it is to be accountable to yourself and to what you wrote down! This is what I call “the comfort zone of misery”! In the previous paragraph, I mentioned “your journey to financial success”. For most people, it was a journey to get into their current financial situation. You have to be willing to embark on a new journey that will Guarantee Financial Success. I look forward to being your guide on your new journey and sharing many tips and resources to assist you. Begin your new journey by emailing me what you wrote down as the first two steps to financial success. Include your name and telephone number. Next month we will begin looking at the four requirements for a firm financial foundation: financial planning, tax planning, getting credit scores over 700, and debt and money management. GFS Money Minute: If you get paid bi-weekly, get a calendar and circle each payday. Mark the two months when you receive 3 paychecks. With proper planning, you should finish these two months with a full paycheck – remember that 10 months of the year you live off two paychecks, so why not all 12? To end these months with a full paycheck, base all expenditures on 2/3 of each of the 3 paychecks. Put 1/3 from each paycheck away, which will add up to one full check at the end of each month. © 2008 Creating Financial Literacy, LLC All rights reserved. Reprints permissible with “About the Author” box kept untouched with the article.
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