LENDING A HAND: SHOULD I CARE FOR OTHERS FINANCIALLY

Person Holding a Stress Ball

“Mouths to feed can wear on you.”


dependents 

Are you someone who people truly depend on to get things done? Wait a minute, that’s way too vague and broad. Are you a major bread winner that other people depend on for finances as a means of survival? That sounds more like it. And if you are one of these people, is this a good thing? Should you be taking care of everyone? Who are the types of people you should care for in your life? Not everyone should be receiving your help. And if they are getting help from you, all help is not in the form of money. Because a lot of times, you do more giving people good advice than money. Because without the right guidance, no amount of money will fix them.

parents in age

Let’s assume for a second your parents or one parent gets sick. This is a moment where it is necessary to care for someone else outside of yourself. This is where your finances need to really be up to par because you are caring for an elder or someone sick. This can be rather expensive, so making sure appropriate paperwork is in order means a lot. But like I said earlier this is something that is necessary. But are there others you care for that are not elders or sick? And the answer is yes, there are people we typically care for who are not elders.

able bodied family

Be careful how you help friends and family. Because giving them things, especially money may be the start to something more sinister. You have to make adults get up on their own and pursue their own endeavors. When they don’t have to do so, and you were to find yourself in straits who is there to assist you? But more so, it is not up to you to make sure adults care themselves because they lack your skill or talent, or have not prepared for the world. But I will caution you. Know what you are getting yourself in to because you can have a burden over yourself to were not prepared to deal with in life.


Personal Website: http://www.faheemjackson.squarespace.com

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

GET RICH, LIVE POOR: WHY YOU SHOULD SPEND CONSIDERABLY LESS THAN YOU MAKE

Person Holding Debit Card

“Why go broke when you don’t have to?”


why we spend

We all love to shop til we drop. But when it comes to having money and retaining the money, we all have a hard time doing so. And that’s why I chose to discuss the idea of all of us spending less than we actually have in the bank. And the reason for this is that you don’t want to live beyond your means. As a matter of fact, you don’t want to buy anything toward the top of your budget. When you purchase something it should always be in context of the percentage of something you brought home. So if you make $40,000 per year, your car should be 7-10% of what you make in a year. But try explaining to someone that they should spend $2,800 to $4,000 on a car.

rainy day, better yet a hail storm

We have heard the phrase when it rains it pours. And that is this notion that when something bad happens it all falls down by the waist side. Sometimes the waist side is still too high for how bad things can get in life. So you want to have enough money saved up just in case something bad does happen. Never know what may transpire, so you want to give yourself some wiggle room. If you are living above what you make, then you will find yourself in a world of trouble if that time comes. And I don’t care if you make $75,000, live like you only make $30,000 to $40,000. You will be shocked by how much you save.

get out of your head

Remember I said prior that you want to spend less than what you make. People hear that they are about to make $100,000 in a year and go out and get a new car. Then they try to buy a condo, and vacation, and shop, and this and that. But what they should really be thinking is how can I save the most for when I need it. Doesn’t hurt to enjoy, but what you have to be thinking is long term. Especially if you are someone with children to support. You have to think about their futures in addition to your own. So spend wisely and cross the next few bridges even if they are there just in case something comes up.


Personal Website: http://www.faheemjackson.squarespace.com

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

MOVE IN SILENCE: HOW PEOPLE LEAVING PEOPLE IN THE UNKNOWN CAN BE GOOD

Black Point-and-shot Camera Near Macbook Pro

“They don’t need to know everything.”


the come up quiet

As you are building your success in life, you never want people to know too much of what you are doing in life. Because not only does it kill the suspense, but you also want to be able to grow without too much intervention from individuals who may have the power to slow you down. People should look up and before you know it, you are in a position ahead of them. By the time they try to figure out how, you are well beyond the point to even their success. And this is how I choose to live my life. I like walking the streets and people not really making eye contact, but in at the same time making strides to be where I want to be.

don’t draw your own target

I remember one time seeing Floyd Mayweather walking the streets of New York and countless people trailing behind. Why, well his lifestyle is one to be followed constantly. But there is a price that can come with amount of attention. And that is that if you ever want to elevate past the point of your current position. People will look at you and assume you don’t need help because you’re already big. Look at Bill Gates, you look at him and people know he’s wealthy, but the money he has given away actually exceeds what he is worth today. So more people are willing to constantly contribute over your lifetime when you don’t have a target.

assumption of the truth

When people think they know you, you can use this to an ultimate advantage. They will look you up and down and make their judgement call. But internally you know your life, and as long as you know and love your life other voices don’t matter. But also, you might actually want these people to be in the unknown because they sleep and don’t realize how awake you are in life. So when they do, you have surpassed them. And the only reason why we rationalize the way we do, is because our own life experiences shape how we view other people. We come to a consensus based on looking at you from a broad spectrum, and then make a judgement call. And when we are false in our assumption, we blame the person for making us wrong. I’m telling you, the move in silence is so mental, so real, and I love it.


Personal Website: http://www.faheemjackson.squarespace.com

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

DECEMBER: A MONTH TO FINANCE

Photo of Person Holding Black Pen

“A month in knowing your dollars.”


finances

This is the month of December and the last month of the year. I decided to dedicate this month for finance not only because it is a big spending month for Christmas, but it is also the month before a new year. A new year means new resolutions and new beginnings. It’s the start of what will be another building year toward something. A time for looking over the course of the year at your finances. The good moves you have made as well as the mistakes you have made. ¬†So make your decisions wisely for this month. For it could be a start to something good or bad.


Personal Website: http://www.faheemjackson.squarespace.com

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe