All Articles Tagged "finance"
I had a pretty heated conversation with my girlfriends the other day. I am sure you can guess what we were talking about. Guys! What else? We had gathered for our weekly banter that always includes Mexican food and glasses of margaritas.
Once we were all happily served, we got on the topic of what types of guys we would absolutely not consider dating. I have always been classified as the girl who expects “too much” from potential mates. I actually resent that label. All I have ever wanted was to meet someone who is respectful, resourceful, kind, considerate and college educated with a decent job. If that’s a tall order then I am guilty. To me, that’s not really asking much. It’s the basic framework and if I meet those requirements, I should demand the same from a guy who will eventually be the father of my children.
Some of my friends agree with my theory, but the rest are not convinced that I am on the right track. One of them in particular is consistently challenging me by asking tasking questions that she hopes would get me to jump off my “high horse.” She is determined to prove that I am quite possibly my own worst enemy and the reason why I have not been able to find a mate. Her main grief with me is that I am adamant about dating a guy with a college degree. I think it’s partly because she is not a college graduate, so she takes it personally that I am being somewhat snobbish.
The truth is that I have dated guys who didn’t have degrees, and even though the sex was mind-blowing, I couldn’t accept a future with them. Most of them held blue-collar jobs and as a result, they didn’t make much money. I made more than them, and that is a reality I don’t want to live with when I choose my future husband. I would prefer to be with a man who makes substantially more than me, because that will enable us to pool our resources in a progressive way.
But my friend is of the opinion that if you are truly looking for someone to share your life with, you need to be open to all the possibilities, even if they don’t all match up with your expectations. She asked me if I would consider dating a nice respectful gentleman, who loves me beyond measure but happens to be a garbage man or a postal worker. I told her there was no way I would date those guys seriously, because in the long run, we wouldn’t be compatible. I look at settling down as a way to make a home with a guy who can match me financially. Love is a great asset but that the end of the day, if you intend to have children, it is imperative that both of us are in a position to accommodate that. I would also hope that my kids would be college bound so for me that is a huge deal.
Whoever I end up with has to share my values and educational background. But for some of my friends, it’s not something they care that much about. They just want to fall in love, and they don’t care if they end up being the breadwinner. I definitely care. I want my man to make more than me.
How do you feel? Would you date a guy who is less accomplished than you?
As women we need to do everything we can to build each other up and make sure that we succeed in our personal endeavors as well as the business world. Considering that many things are still a “man’s game,” we must do what’s necessary to make sure we continue to break barriers in hopes of paying it forward for the next generation of fabulous women in training.
One area that needs to be on point is our finances and unfortunately there are quite a few things we continue to do wrong. Rather than beat ourselves up about it, let’s identify them, fix them and keep trucking with our hustle. Here are top financial mistakes women make. Are you guilty of any?
What has been your favorite aspect of the holiday season thus far? Some might say purchasing gifts while others enjoy decorating. Regardless of what tickles your fancy there are still financial lessons to be learned during this time of year with the most obvious one being to make it out as debt-free as possible. If you’re a little tired of reading the same old stuff (hopefully not ours!) you can turn to a few films that convey sentiments about money in their own way. Here are some holiday movies that taught us about finance.
Your 20s were the time to splurge on the latest handbags, mess up your credit, rebuild your credit and establish patterns of financial success for your future. Now in your 30’s with kids, a mortgage, a significant other and a better career (or just a little wisdom and a desire to get it together), it’s time to get secure and at-peace with your finances.
Here are a few ways to achieve financial peace of mind in your 30’s.
Remember that medical bill from two years ago you forgot to pay? Or that utility bill that still lingers in limbo? Well, with a few hundred calls from collection agencies on a weekly basis, your memory starts to quickly come back. Collection agencies start to become a tedious routine call in your phone log hen bills are too long overdue. We even label their phone numbers in our contact list as Unknown, ??? or the infamous DON’T ANSWER to duck and dodge their calls. Eventually, debt catches up with you in the form of these pesky employees. What do you do when one of those calls are answered? Here are a few tips on how to get debt collectors off your back and manage the frustration they inflict.
From Black Enterprise
Kanyessa McMahon recognized an opportunity and jumped on it. In 2008, after a frustrating four-month stint working at a video production company, she acted on her entrepreneurial aspirations.
“I was 25 at the time,” says McMahon. “My job wasn’t working out because I wasn’t getting paid on time. My paychecks were bouncing, and my skills weren’t being utilized.”
McMahon left the company and, through an industry connection, acquired her first client—Nike. The 31-year-old now calls the shots as head of her own production company.
“Most people who become wealthy do it through entrepreneurship,” says Lanta Evans-Motte, a financial adviser at Raymond James, a diversified financial services holding company.
A recent study by U.S. Trust, which surveys high-net-worth and ultra-high-net-worth Americans, revealed that 84% of the survey’s 450 wealthy respondents earned their wealth themselves.
Read more at BlackEnterprise.com
Marriage is more than a wedding. It’s the joining of two people physically, emotionally, spiritually and financially. While many people may enjoy their wedding planning experience (it is fun), there is much more to the concept of husband and wife past the “I do.”
Finances may not be a comfy topic to discuss, but is nonetheless one that deserves much attention. As money issues top the reasons why most marriages end in divorce, it is crucial to have a healthy dialogue about you and your boo’s current financial state, and how you both handle money. Rather than wait for surprises down the road, have the hard talk now. Here are some money questions you need to ask your love before you marry.
Your credit score is your lifeline when it comes to getting a great interest rate on a house and car. In fact, it’s used by so many lenders, it can make your days of acquiring the things you want easy or extremely hard. This begs the question: What’s a person to do when they have bad credit they are trying to rebuild?
Thankfully there are things you can do to improve your score. Here are ten ways to rebuild your credit.
While the Great Recession has scarred laid-off workers and struggling businesses, it has had some upsides. The recession forced everyone to grab the reigns on their finances. As a result, there was an upsurge financial literacy, especially among women, to endure the stagnant times, reports USA Today.
The recession proved to be a rude awakening for many Americans with frivolous spending habits. Compelled to pull through the difficult times, women have been making money-savvy investment decisions. Twenty percent of women, according to Allianz Life’s 2013 Women, Power, and Money study, now have a sturdy grip on their cash. Since the first survey Allianz issued eight years ago, “more women in general indicated an increase in financial inderstanding and involvement,” adds USA Today.
Between the 2006 and 2013, the number of women who expressed interest in financial, retirement, and investment planning doubled from 35 percent to 62 percent, according to the Allianz survey.
With the recession causing some women’s partners to become unemployed, it was up to them to be in the forefront of money management. A Prudential study, highlighted by MN, shows that the economic stagnation expanded the “breadwinner” role to more women. Thirty-one percent of married Black women were the main providers last year.
The recession isn’t the only culprit behind women’s increase in financial knowledge. Nowadays, more women are deviating from the traditional structured path of a woman’s life. Now women are “staying single longer, divorcing more frequently, entering into same-sex relationships, and outliving men,” USA Today explains. As a result, the absence of a man has required many women to become more financially independent.
In the study, compared to the average woman who made $48,000, these “women of influence” — as USA Today calls them — make an average of $57,000 a year. The data also shows that majority of the women of influence are White and are between the ages of 45 and 54.
Among financially literate women, only one percent did not save up for retirement; 12 percent of the other respondents are not remotely prepared for their financial future.
“We had a worst-case scenario a couple years ago, and it is a wake-up call to a number of people, women in particular,” said Lisa Hanson, a Philadelphian financial planner, “It’s important (for them) to feel a sense of security.”
If you walk into the office, punch in at 9 am, stay at your desk, then punch out at 5 pm with no communication with the other employees at your company, you are working hard, but not smart. Knowing other workers is more than just “water cooler talk.” It could set you up for a raise, make sure your administrative needs are taken care of and keep you safe from legal and finance issues.
If you think knowing your boss at the office is enough, think again. Here are a few other pertinent people you should know at the office.