Staying in the Black

August is Make A Will Month - 67% of American don't have a will  Here are 3 reasons to make a will:  It's a legal document that everyone should have  It provides peace of mind to you and your family It allows you to create a legacy that last beyond your lifetime  Make your free at FreeWill https://www.freewill.com/compassionandchoices Ms. Black, the host of Staying in the Black, is a sin...

All the tools you need to improve your online safety. https://securityplanner.consumerreports.org/recommendations  1Password Is the Best Password Manager in Consumer Reports' New Ratings We evaluated 11 services for digital security, privacy, and ease of use By Yael Grauer (Updated September 28, 2021) https://www.consumerreports.org/electronics-computers/password-managers/best-password-manage...

Use strong, unique passwords  Don’t discount security questions  Enable multi-factor authentication (MFA) Practice safe browsing  Beware of phishing, smishing attempts  Always assume public Wi-Fi is not secure  Set up automatic software updates  Install browser security add-ons  Make the most of your bank’s security features  Make diligent peer-to-peer payments  Safeguard your financial records  K...

In this episode Ms. Black shares her retirement journey with the Staying in the Black Podcast.   Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $500,000 in her retirement accounts beyond her pension. L...

In this episode Ms. Black shares her entrepreneurial journey with the Staying in the Black Podcast. Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $500,000 in her retirement accounts beyond her pension...

This episode is a Book Review :It's Not About the Money: A Financial Game Plan for Staying Safe, Sane, and Calm in Any Economy by Brent Kessel  This book provides a framework that helps you identify your money archetypes and action steps that you can take that are aligned to that archetype. The book acknowledges that your prevailing archetypes change and how to address those changes. I recomm...

Compound Interest Calculator   30- Years Investment Results (New Teacher 9/2023  NYC Public Schools 61,070)  S&P 500 30 year average return (10%) Percent   | Monthly          |Annual Rate  | 30- Year Invested | contribution | of Return (%)| Total 15                 | $763                  | 10                         | $1.52 million 10                 | $509                  | 10              ...

New York City Public School and the United Federation of Teachers have a tentative contract agreement.  Learn about the  bonuses, percentages,  and dates. This episode will help you intentional plan what to do with your 1 year retro, $3000 ratification bonus, and annual bonus. Contract 2023:  Pay Increases url: https://www.uft.org/your-rights/contracts/contract-2023/contract-2023-pay-increases For...

Federal Trade Commission Shopping for a Mortgage FAQs   Url:  https://consumer.ftc.gov/articles/shopping-mortgage-faqs  The following documents are essential when shopping for a mortgage:   Bank statements from the last three months show your monthly income and ability to make a down payment and subsequent mortgage payments.  Pay stubs from your employer demonstrate consistent income sufficient to...

Overspending can happen for different reasons, such as:   You might spend to make yourself feel better. Some people describe this as feeling like a temporary high.  If you experience symptoms like mania or hypomania, you might spend more money or make impulsive financial decisions.  You might have an addiction or dependency which makes you spend money. For example, if you are addicted to gambling....

May is Mental Health awareness month  Questions to ask yourself to recognize spending patterns  How do you feel when you make a purchase?  What feelings do you experience when you need to make a big purchase?  Are there moments in time where you’re more likely to spend money?  Are there moments in time where you’re less likely to spend money?  How comfortable do you feel talking about money?  How...

F inancial I ndependence N ew E ndeavor The Great Money Reset: Change your work, Change your wealth, Change your life by Jill Schlesinger 

Salary. What is the total salary?  Leave. What's the vacation and sickness allowance?  Health Saving Account contributions. What are the premiums? Is dental and ophthalmic cover included? When will you be eligible?  Stock. What stock options are available? Are stock units given as part of a bonus or do you have to be working at the organization for a certain length of time before you are elig...

Think/write about your future self through the five senses:  What will your future self sound like?  What will your future self look like? What will your future self  fee l like?   What will your future self taste like? What will you future self  smell like?  Addtional reflection questions:   What are you doing?  Who are you doing it with?  Where are you living?  Why are you doing these things and...

In this today's episode Ms. Black shares her first quarter results and learning. Additionally, Ms. Black gives us her actual retirement number for the first time. Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family...

30/40/30 Rule 30%- Past (debt and loans)  40% - Present- (current needs and wants Emergency Funds)  30% - Future (large purchases, down payment for homes and cars, and retirement)

How to keep my money safe?  Use banks that are FDIC (Federal Deposit Insurance Corporation) insured or Credit unions that are NCUA (National Credit Union Administration) insured.  Individual limit of $250k. Married couples $500k for a joint account and $250k for individual accounts (total of $1M) Have accounts in more than one bank   Link bank accounts to outside savings or brokerage accounts you...

What's your Bridgerton Personal Finance Name? Lord or Lady Please where you have moneysaved or invested Add "of" A financial goal that the money is saved or invested for Examples: Lady Shania  OnlineBankton of Alaskavacation  Lord Kevin VTSAXton of Retirment

Accumulation - in this phase, you put in the maximum effort in earning. The phase is about accumulation, and that comes with saving and investing. Saving is only a small part of this phase. You not only have to save money, but also you need to invest the saved amount. Transition- in this phase, you start to monitor your retirement investment more closely, consider buying annuities, rebalance your...