Rambling Mind

I don't care how much money you make, the day you stop tracking your expenses it's the day you become broke. The moment you start to believe I make so much money that I don't have to keep track of what I'm spending my money on is the beginning of your end (unless you're Jeff Bezos or something with more money than countries). Check out the ⁠⁠⁠⁠ Rambling Mind Newsletter ⁠⁠⁠⁠ Fin...

For some of us life looks good on the surface but we still feel horrible whenever we think about our finances. One of the reasons is that there are things that we have hidden from our sight but are still weighing on us every day. Let's talk about it Check out the ⁠⁠⁠ Rambling Mind Newsletter ⁠⁠⁠ Find me on more platforms:  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ beacons.ai/kelechiwuaba⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠ If you have questio...

Quote: I don't trust myself. I have evidence. Idea 1: My Laziness is Why I am Productive. Idea 2: To Say NO, You must Have a DEEP YES. Check out the ⁠⁠ Rambling Mind Newsletter ⁠⁠ Find me on more platforms:  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ beacons.ai/kelechiwuaba⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠ If you have questions email me at  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ kelechi@ramblingmindshow.com

Rules feel restrictive until you realize they provide the most freedom. in this episode, I explain why you should have rules around your money and various aspects of your life. Check out the ⁠ Rambling Mind Newsletter ⁠ Find me on more platforms:  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ beacons.ai/kelechiwuaba⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠ If you have questions email me at  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ kelechi@ramblingmindshow.com ⁠

Q4 GDP was released on Thursday, it was 3.3%. Far higher than the 2% economists expected. However, the great number hides a bigger problem with the American people. In this episode, we dive into the underlying numbers enabling the US Economy to keep growing but costing individuals their freedom. Check out the Rambling Mind Newsletter Find me on more platforms:  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ beacons.ai/kelechiwuaba⁠⁠...

We are never told about the secondary costs of home ownership. It is a hidden cost that affects everything Find me on more platforms:  ⁠⁠⁠⁠⁠⁠⁠⁠⁠beacons.ai/kelechiwuaba⁠⁠⁠⁠⁠⁠⁠⁠⁠ If you have questions email me at  ⁠⁠⁠⁠⁠⁠⁠⁠⁠kelechi@ramblingmindshow.com

I have come to the realization that the number 1 reason that 90% of us suck at handling money is because we suck at the skill of spending money. Let me Explain Find me on more platforms:  ⁠⁠⁠⁠⁠⁠⁠⁠beacons.ai/kelechiwuaba⁠⁠⁠⁠⁠⁠⁠⁠ If you have questions email me at  ⁠⁠⁠⁠⁠⁠⁠⁠kelechi@ramblingmindshow.com

With Mint shut down last year, thanks Intuit 😑. I was on a search for a new budgeting and spending tracker app. To read the writeup Find me on more platforms:  ⁠⁠⁠⁠⁠⁠⁠beacons.ai/kelechiwuaba⁠⁠⁠⁠⁠⁠⁠ If you have questions email me at  ⁠⁠⁠⁠⁠⁠⁠kelechi@ramblingmindshow.com

An Important question we need to ask ourselves as we go through the year 2024 Find me on more platforms:  ⁠⁠⁠⁠⁠⁠beacons.ai/kelechiwuaba⁠⁠⁠⁠⁠⁠ If you have questions email me at  ⁠⁠⁠⁠⁠⁠kelechi@ramblingmindshow.com

Derek Thompson said, "Money is a vaccine against misery not a drug for happiness." The Wall Street Journal recently released research on how much money people say they need to be happy. It was interesting to see the general breakdown shown based on their current income and their needed income. Almost to a T, every single person "needed" a 50% income raise, no matter their incom...

Might just be what you choose not to do Find me on more platforms:  ⁠⁠⁠⁠⁠beacons.ai/kelechiwuaba⁠⁠⁠⁠⁠ If you have questions email me at  ⁠⁠⁠⁠⁠kelechi@ramblingmindshow.com

I released this post around July for a Mid-Year Review but I think everything on the list is the same items to be looked over for an End of Year Financial Review. Especially as we get some free time during the Holiday Season. You will not get through everything but at least there are items you can knock out quickly during your time off. Find me on more platforms:  ⁠⁠⁠⁠beacons.ai/kelechiwuaba⁠⁠⁠⁠ I...

With Thanksgiving being this week, I think it is the perfect time to reflect on all that 2023 has had to offer to each of us. Think about what we are grateful for and what we are grieving.

3 incomplete ideas: My Life Goal based on Ecclesiastes 5:18-20 How to get out of credit card debt The most beautiful time of year Find me on more platforms:  ⁠⁠⁠beacons.ai/kelechiwuaba⁠⁠⁠ If you have questions email me at  ⁠⁠⁠kelechi@ramblingmindshow.com

Say it to yourself before you compare yourself to anyone else Find me on more platforms:  ⁠⁠beacons.ai/kelechiwuaba⁠⁠ If you have questions email me at  ⁠⁠kelechi@ramblingmindshow.com

Over the last 3 years, US citizens under 35 years of old have grown their net worth by over 143% (2.5x). However, every survey of these cohort shows they are more miserable than ever before. So the question is WHY? Check out the blog post by Ben Carlson: "Americans Have Never Been Wealthier & No One is Happy. Find me on more platforms:  ⁠beacons.ai/kelechiwuaba⁠ If you have questions emai...

When you can play both offense and defense with your money, you create greatness. Start Here to Understand Your Personal Finances: Basics of Money How to Invest & Pay Off Debt Find me on more platforms:  beacons.ai/kelechiwuaba If you have questions email me at  kelechi@ramblingmindshow.com

As much as we want to believe we have complete agency over everything we do. WE DO NOT! Our environment plays a massive role in how we live our lives. The question is What are we feeding on? Find me on more platforms:  beacons.ai/kelechiwuaba If you have questions email me at  kelechi@ramblingmindshow.com

The Dunning–Kruger effect is a cognitive bias in which people with limited competence in a particular domain overestimate their abilities. We focus on the Mount Stupid part of the effect and not nearly enough on the Valley of Despair where most people are stuck. Find me on more platforms:  beacons.ai/kelechiwuaba If you have questions email me at  kelechi@ramblingmindshow.com

I spent much of my Friday morning staring at my computer trying to develop a complete idea to share on the podcast. Unfortunately, nothing worked. I made and scrapped about 9 Podcast recordings because the words were not coming out right. So rather than post nothing this week, I decided to try something different. Hope you find this useful Idea 1: Make The Big Change Idea 2: How to Invest Quick hi...

I want you to say this to yourself: NOBODY IS COMING TO SAVE ME It sounds harsh but it's a truth that we all need to accept. Far too often we believe that if we just wait long enough someone will bail us out of our worst situation. Unfortunately, that isn't reality. That is a fantasy. Let's run through a real-life example. Find me on more platforms:  beacons.ai/kelechiwuaba If you have...

TL;DL (Too Long; Didn't Listen) If you have student loans, the new SAVE plan by the Biden Administration is now allowing sign-ups. According to CNBC, this new plan can reduce some borrower's monthly payments by 50% and most borrower's will be able to save $1000/year with the new rules. Go to https://studentaid.gov/idr/ and follow the signup directions. 0:00 Intro 3:05 Background on SAV...

"I'm a believer in the ordinary and the mundane. I don't want quality time - I want the garbage time" -Jerry Seinfeld

"Sow a thought and you reap an action; sow an action and you reap a habit; sow a habit and you reap a character; sow a character and you reap a destiny." - Ralph Waldo Emerson A few things we believe about money hold us back from achieving our financial goals. So today, we are busting these myths. Let's get busting! Articles mentioned: House is not an investment Return on Hassel by N...

Risk is feature of life not a bug. Therefore we must act accordingly Find me on more platforms:  beacons.ai/kelechiwuaba If you have questions email me at  kelechi@ramblingmindshow.com