Tag: #broke

GREAT CAREER – GREAT SALARY – STILL BROKE

Person Holding Pink Suede Long Waller

“How do I fix this?”

WASTED PAYCHECK

Are you someone who make money every two weeks but yet you still don’t have much. That means your life is out of wack. Something is going on that is in your best interest. And the person to blame is you. You have to treat your check like it is more than what you are doing. People get paid and next thing you know they spend their checks once they have their bills accounted for. But that is not the way you work for your living. You can’t just sit aside money for rent and bills, and personal needs, then go shopping. Then expect no to have anything as you grow older. You have to sacrifice the wants right now for the needs now and wants later.

RESPECT THE POSITION GIVEN

People get these different positions in their career. Then they get there and next thing you know they throw so much away. People have all these ideas about what they will do, but then they never do those things. Especially if you come from nothing and you are building to something. You forget about why you decided to build in the first place. But you know, most people forget where they come from and how far they have come. You get so caught up in the moment of enjoying and building you forget. It’s easy to detach yourself.

BUCKLING DOWN STINKS

So many people have a hard time building in their lives because they don’t want to deal with the idea of having to do the work and failing. If you fail we are scared about people making fun of us. So we live in this space of wanting but not building. Having the ability but not trying because we spend money on garbage that could be allocated into something more important.

Personal Website: http://www.faheemjackson.squarespace.com
Instagram Me: @theefaheemjackson; @faheemjacksonphotography
Twitter Me: @2320howe

FALLING OFF: HOW TO RECOVER FROM A JOB SETBACK

Image result for job loss

“Anyone hiring?”

i need a job

Whenever you have a setback in life, it can difficult to recover. But nothing is more difficult to recover from, besides an illness, than losing your job. Because you can’t just walk into an establishment like decades ago and find one. You have to really do some serious searching, especially today with such a high percentage of jobs being referrals. You have to reach out to every contact you have ever had in life to see if they can help you. And that is because the average person who loses their job will be homeless in less than a month. Why, well it’s because the majority of people live paycheck to paycheck. So what do you do because I have never lost my job, but I have had real setbacks.

getting back to yourself

How do you get back into position so you can be back to where you should be. And that could take a lot of mental evaluation on your behalf. Because once you lose your job, there is a confidence hit that you take. Your internal self is not right, so you have a hard time getting back up. But at some point you have to get back up, otherwise you will get into a rut and never go anywhere. So find some way to gain that inner confidence and strength so you don’t too down on yourself where you cannot recover.

your side hustle

If you ever get back on your feet, it is important you try to have a little extra income outside your day job. This can be thrown into a savings account and never touched unless you need it. Now this is easier said than done, but we are not in the time of our parents and grandparents. Jobs are a lot more hard to come by.

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

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

YOU’RE FIRED: HOW TO BOUNCE BACK FROM UNEMPLOYMENT

Full Length of Man Sitting Outdoors

“Where to go from here.”

your last day

You show up to work, but little do you know, it is your last day. You have no other job, no income, no way of paying your bills. This is something that no one is able to foresee nor prepare for in life. And to add to it, most people don’t have enough money in savings to hold themselves over until they find something else. So the average person is in the street after a short period of time with no income coming into the household. Me myself, I have never been long without a job. And I was a college student, so I had at least student housing.

whose at fault

We have to let you go is something we want to hear. And the first thought that goes through our minds is, was this personal. And if it were, then why was it so personal. And to be honest, most people are not let go from their jobs because it was a personal decision. The reason being, is that companies like to have a legitimate reason because they want to avoid lawsuits. But most places are letting people go from downsizing in the organization. This is typical, and if you work long enough you will experience downsizing some point in your career. Hopefully it’s not you.

what next

Now that you are out of work what is your next move? I guess this is the reason people have more than one income. Now, most people don’t, but that is my move. To go out into the world and build multiple streams of money coming into the house. This way it leaves my options open to continue to have money coming in, in the event I lose my night job. But this is a skill that takes time because making a consistent income on your own takes a while. Too bad most people never take the initiative to do so.

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

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

IT’S ONLY TEMPORARY: DON’T LET FINANCIAL SETBACKS DETERMINE YOUR OUTCOME

Woman Sitting in Front of Scattered Coins and Orange Piggy Bank

“When you’re on your last leg.”

at wits end

Growing up for me, we were a poor household. But have you ever felt like throwing your hands up because you don’t have enough money. Or the fact that your finances are out of wack. You are ready to give up and give in, but something is keeping you from doing so. And why give up, why let life win. Because who ever said it would be easy was lying to you. I have looked at my bank account an wondered to myself, how the hell do I make it everyday. But I always seem to pull myself through pay my bills on time.

give up and go deeper

The more you hurt the more you sink into a dark place, the harder it is to get out of that place. So it sounds easy, but it’s beyond difficult. How do yo remove yourself from this funk. I wish I had the model for getting out of a dark place. Now notice I said dark place, which is associated with the mental. A lot of people are not deep as they think, but the mind starts working on you and next thing you know you are financially done. So watch how that mind can play tricks on you.

there’s always someone worse

We hate looking at another person’s life and thinking to ourselves, “At least I am not going through that in life.” It sucks to sometimes look at someone else to feel good about myself. I want to just feel a certain way and know that my feelings are special . Only problem is that they are not special. And it’s great to feel what others feel. I would never want to be the only person on Earth with money problems.

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

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

SHOW SOME RESPECT: WHY DO PEOPLE COME FROM THE BOTTOM AND THROW MONEY AWAY

Woman Holding Shopping Bag

“Mind your money.”

started at the bottom

So many people who grow up in poor environments have these dreams of making it in life. A goal that is very broad and ambiguous when you hear the word making it. But there is another side to making it in life. And that side that how do we make money, do all that work to get it, then blow it to the wind. And it’s simple, we think the money will keep coming. We don’t think about tomorrow because tomorrow is not on the minds of people. We make so much money and over time forget about the days of being broke. And that’s when you make the vital mistake. Once you forget, you find yourself back in the place once again.

think first, spend last

There is a saying, “Hey, if you got it, flaunt it.” And that sounds good, but the life that you might be living could all fall apart because it’s not a sustainable existence. You have to think about tomorrow, but that’s hard when you don’t have to think about tomorrow. So many people ask how do you let your spending get out of control. But they have to always watch their finances Image result for broke athletes espnreally closely. They live on the edge of losing everything, so they don’t understand getting and then spending beyond what you have to spend. But guess what, the people spending were the people at one point in time who said they don’t understand why so many people with money go broke.

your mind must be cleaned

If you want to keep the money you earned you can no longer think poor. You have to always keep cleaning out the bad stuff that you once thought was a good idea before you started making money. Because your thoughts at a certain level might be rational to you and everyone around you at that current level, but they keep you in that same position. And you don’t realize your mind needs cleaning until you move to a different level. And then everyone below that point you see their mistakes. And that’s when you think to yourself, “Oh, ok, this is the problem.” Sad thing is, so many won’t understand or listen to you. And they will never leave their position. And if you don’t watch your spending you will be back in the position you worked so hard to leave.

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

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

MONEY WOES: WHY ATHLETES MAKE A LOT OF MONEY AND GO BROKE

Coins Inside Jar

“Why they lose it all.”

new money

When you are a young male coming from an impoverished environment or even coming from the middle class, you have all these dreams in regards to money. Buying this lavish home and living a life that you never thought you would be living. but then it happens, and all of a sudden you can afford that house. You can now go out and buy that lavish car and those clothes you looked at through windows. But there is a catch to all this money, and that is it does not last forever. So you have to spend wisely and also pay your bills on top of that as well. Red and Brown Floral Stair Carpet

when the game is over

As the game passes you by and it’s time to move on to the next thing, now what? You have been spending so much money that you forgot about the end nearing. So here you are, broke with nothing to your name. A place where so many athletes have found themselves once they retire from the league. You are destitute and scrambling for answers as to what you will do to generate an income. And this is where you notice athletes make even more vital mistakes. They start dumping money into ideas that fall apart even quicker than spending. But see, there has to be more that meets the eye. All of them can’t be spending excessively.

reality versus fiction

When you see guys going pro, it means that they are overnight millionaires, wrong. Most of them are name you will never know who make around $500,000 per year before taxes. And their careers are on average 3 years long. So when you hear that someone made $1.5 million over 3 years, that is a lot relative to the average American. But when you factor in the fact that you have to make that money stretch after the league and taken into consideration the money you lived off of while playing, it’s not much. $1.5 million minus taxes equals about $800,000 with the average home around $250,000. $550,000 after 3 years is way less, and you’re talking working a regular nine to five. Because you’re retired, but you can’t retire fully off the money you have made.

big money go broke as well

Here is a level that is difficult to comprehend when athletes go broke. It is the level where guys are making over their career $50 million, $100 million, or even $200 million. How in the world do they go broke? And the reason is taking care of others, bad investments, and not watching their finances. They live a lifestyle that billionaires don’t even live. Taking care of multiple people who are not bringing in incomes can run up a bill as well. So it all falls apart eventually.

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

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

Tumblr Me: @fjackson44

AFTER THE LIGHTS: WHAT HAPPENS AFTER THEY RETIRE

 

Football Players in Blue Jersey Lined Under Grey White Cloudy Sky during Sunset

“What do they do now?”

athletic retirement

We watch, they play, we celebrate; but what happens when it all goes away? Eventually, when they put up the cleats and sneakers they will go into retirement. And when that happens what are they to do? Most of them are names of people we will never remember. And their careers on average don’t span the amount of time that the top guys last. They make up the average career which is three to five years. And they make the average salary which is $500,000 to $1 million. And that is money that is after taxes, so they make the most they will ever make in less than half a decade. Most of them will tell you that they have hard times, not just financially but emotionally after the game.

first day off

So it’s your first day off of work from retirement, what do you do? Usually, these guys go to the gym to stay in shape for them to play their sport. But since they don’t have to do so anymore, then why not take this day to lounge. But eventually lounging gets old, and they get bored. What about going out to play some rounds of golf, but this also soon proves to be boring. Now, when you get drafted into sports at the age of 22 or 23 years and you’ve played in the league and are now 25 to age 30, what do you do? Your friends you grew up with are just starting life, and you have already retired. Your motivation and depression can set in, and now you feel useless.

reaching for relevance

When you were on top of the world, it is a feeling that no one who is in another position can imagine. Then it all goes away and you need to do something to feel that void. Some people try holding on longer in their career, some become sportscasters, and others reality television. But this can sometimes backfire against you and ruin whatever legacy you have worked to create for yourself. So be sure to not negatively effect that in the process.

broke

We have all heard the stories and seen the outcomes. Athletes who after their playing days have become broke. And so many become broke because they don’t have the money coming in to sustain the life anymore. So now they must make a decision regarding their lives. And this where so many retired athletes go broke because investing in their futures never crossed their minds and the ones that do lose money. ESPN has done a docu series 30 for 30 on going broke. Long after playing days of making big bucks, athlete lives go in shambles. And it all falls apart the day they say I quit.

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

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

Tumblr Me: @fjackson44