SAVING FOR THEIR FUTURE: PUTTING MONEY AWAY FOR YOUR CHILD’S FUTURE

Person Holding Piggy Bank

“Start before they get here.”


financing your offspring

You might want to know, when is the best time to start investing in your child’s future? And when I say invest I mean putting away money for them for when they reach a certain age. The money should be used for their college education, or when they become an adult and want to purchase their very first home. Or better yet, if they want to embark on their very own business, the money will do them wonders. Now you have to ask yourself a very important question. When is the best time to start investing money in your child? Is it before they are born, when they are young, or a little later in age like adolescence?

what can you afford

Think about the amount of money you have to put away. Don’t put yourself in the poor house trying to save for your child. Understand that you have to live while you save. So you might only be able to put away $20 here and $50 there for their future. But over the course of 18 years, 21 years, or maybe that first house at 25 years, the savings is possible. Just be aware of what you can and cannot afford. Don’t try to stretch yourself out too far when putting away money for them. Understand that life is a marathon applies to saving for them like building your success.

it’s a family affair

Bringing your child or children in the loop is a good way to aid in their building of finances for themselves. When I was in high school, I had a job in retail, but didn’t save any money because the pay was so low I could only really afford gas. But what happens when you’re growing up in a house where parents already are in the process of setting money aside. You can now afford to assist considering it’s your money being built. And you have a disposable income, so you can actual put in more than your parents.


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

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

VALUABLE OFFSPRING: WHY YOUR CHILD/CHILDREN ARE YOUR BEST INVESTMENTS

Man Carrying Baby Drawing Their Foreheads

“Put your time and money into them, it pays off.”


your little ones

Having children is more than just wanting them to carry on the legacy of your name. You also have to put in a lot of time and effort to make sure that they are going to be set up for success when they enter the world. And that means investing not just your time and energy, but also money into them as well. Your money in the form of sending them to a good school, outfitting them in clothing that will not make them appear in any shape or form like they are not cared for in the home, and the food that is for the nourishment for their bodies. As far as the home, that goes without saying.

seeds of knowledge

As they grow, you can now start to communicate with them and pass off what you have learned about the world. Now, of course a lot will change pertaining to technology and innovation that does not apply to that present time of teaching. But the social aspect of humanity does apply for the world in which they will live. And that knowledge in dealing with people is what they will use to push themselves through life. They will use their experiences to invest in themselves along with what you have taught them to persevere.

the ROI

Mom, dad, I want to become a doctor. That is like music to the ears of so many parents. That their child is choosing a career that is literally recession proof. Because there will never come a time where we don’t need physicians. But also it is a career that parents know their time and money invested actually paid off in the end. Then again, when you hear your child say they want to become an actor/actress, then it can lead to other problems. Because if they don’t succeed, that would mean your money and time spent was to a large degree a waste as a parent.


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

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

VROOM VROOM: SHOULD I BUY LOW AND OWN OR MAKE PAYMENTS

Person in Grey Shirt Handing Keys

“To own small or pay big.”


getting a car

When making the decision to purchase a car, this is a financial decision that must take time. Should I buy a used car outright? Or, should I have car payments over time? And to me, it makes sense to own one outright so you don’t have the financial burden. But to others, they would like a newer car with payments each month. Now, you might say to me, what about the car troubles you tend to have with a used vehicle. And that is true because you will have more troubles with a used than a newer one. And the newer one can be resold for more than the used one. The used one might have to go to a junk yard when it’s all said and done. Yet, which is the better financial decision?

get it on the cheap

The reason you might buy a used vehicle is because it gives you the ability to outright own your car without the payments. And even if it starts to give you problems, you spend less money repairing then buying new. Buying a $3,000 then putting into it another $2,000 fore repairs is worth it rather than making payments on one that cost $40,000. Because in the end, you will pay Blue Sedan on Snow at Daytimemore than the $40,000 car. And by the time you’re done paying it off, it will be outdated. Money you save from buying the cheaper car, you can save. And by the time the person is done paying off their expensive car, you will have saved enough money for the newer car outright. But there are the benefits of owning that new car.

fresh off the lot

Something that is new, is not only ecstatically pleasing, but you also have less wear and tear that comes with the old car. Buying that new car, you have no mileage, besides the extremely low mileage that comes with the dealership having to move it around on the lot. It’s an investment that typically last longer and presents less of a problem than buying the used vehicle. And a plus for the newer car is that once you are done with it, there is higher trade in value for a better car. You’re never going to get full value, but you will get more than the car that is twice the age.

know what you can afford

America is a nation where we like to run out and buy new things without even thinking what we can afford. We get that $75,000 a year job, and then think, “Hey, why not buy the new car for $40,000. That is thee craziest idea you could come conjure up. You never buy a car that much money, especially if it’s half your household before tax income. You should buy things like cars that Woman Sitting on Car Under Gray Skyhave no value at a lower price. Homes are the only investments you make that are for spending a little more. Otherwise, you’ll have different bills overt the course of a month that are quite unnecessary.


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

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

PUT UP OR RAISE IT: SHOULD YOU FINANCE YOUR DREAMS OR GET SOMEONE ELSE TO DO SO

Gray Dream Freestanding Letters

“Use their money or your money.”


financing dreams

Since moving to New York City, I have been pursuing my career endeavors which include screenwriting, photography, books, and soon podcasting. But with me so focused on working a day job as well, how should I finance so many goals? Better yet, who should I get to finance goals? And that is when you find yourself in a strange situation. And I say strange because when someone else finances your work there is voice you tend to lose. And not only the voice but the initial equity in your work gets lost to them. They are the ones sacrificing the income. So you have to build your money before doing it yourself. It’s like my short films, I raised that capital.

your money

You will take it a lot more serious when it is your time and money being put up. You’re not going to be playing games because you’re taking from your own immediate daily life to fund something else. So if you are not taking this serious, you are wasting a lot of precious resources.  And you are on your own time as well and not on someone else’s watch. They will be constantly reaching out to you about the progress of your project or as they’ll say, “tracking their investment.” But what can you say, it’s their money. But not all outside investments are bad.

their money

Some of the biggest known companies started out as firms that were first invested in by people other than themselves. Sean Parker and Peter Thiel gave an initial investment to Facebook in the beginning of its start. And it has grown to be one of the biggest companies and largest social media platforms. Receiving an investment from outside will also give you time to focus on the business end since being given this investment. You are able to focus so that those who did give money can see their investment is growing. And another side note when using money that is not your own, your business if in the event it needs to shut its doors, there is less hassle than the loan you may take from the bank.


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

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

HOW TO INVEST WHEN COMING FROM POVERTY

Person Holding Coins

“Where do I start?”


from the bottom

For those of us who grew up poor, once you decide to embark on a journey in your career, you have to think about something. How you will invest your money once you start making good money. Because when you come from the bottom you really don’t quit understand what it means to save or invest your money. You have an idea of what it takes to invest money, but you don’t know. Yes, there is always the stock exchange, but other than that, nothing else really. And even if you get into the exchange, it’s best to invest money a little at a time.

read and learn

You have to read a lot of books and conduct a lot of research. This is no guarantee you’ll know what you’re talking about, but it will allow you to get a chance to start understanding how to develop an eye for a good investment. Now, from time to time you could be wrong, but remember if you have any doubt hold off. It’s better to miss out on an opportunity than to invest and you’re no sure on where to put your money or how to place your money.

taking l’s is not the end

No one wants to lose especially when it comes to money. We all want to be the Peter Thiel who can grab hold of great investments in their investing career. But that is not the case for. most people. But rest assured, I’m sure Thiel has taken some hits over the years. You can’t become a billionaire and not lose at some point in time. Just as long as the loses that you take are not greater than the wins. Meaning, you can easily lose 9 times at an value of $100 each. But if you hit $1,000 on that 10th try, you are now up $100. And that’s hoe it works, but you have to be willing to stick in there for the long haul.


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

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

WHEN THERE’S BLOOD IN THE STREET: CAN SOMETHING GOOD COME FROM THESE HIGH CRIME NEIGHBORHOODS

Image result for blood in the streets

“Do you see the gold in the street?”


The famous quote coined by Baron Rothschild was, “When there’s blood in the street, buy.” It makes sense because people are in a panic. So when you buy, and the panic starts, once the panic is over you own a lot. And that’s how Rothschild gained his wealth. By sending the news regarding the Battle of Waterloo led by Napoleon, Nathan Rothschild gained an edge. He made one of biggest fortunes in the city at that time. The Rothschilds gained while everyone else was in a state of panic. Why, because he had an edge by being one of, if not the biggest carrier system in Europe. So he was able to deliver news that even his competition had to follow.

Now, let’s fast forward in today’s society. I grew up in an inner city community that was poor. Not only that, but the crime was high in the areas. No one wanted and still don’t want to buy property in the communities. Now, with what Rothschild did back years ago, could that be used again today. Gentrification is a prime example of that very Rothschild model. But, why not the people capitalize who are from these areas. Especially once they get enough money where they can afford to do so. Then again, how does one feel about buying property and capitalizing off of the misfortune of others. But, someone is going to do it, why not people who come from the community.

When I look at my home town for example, the low cost of property is amazing. Now that I live in New York City, where $1 million is average in some places for a home, that money is major back home. But can you just start building just because property is low? The answer is no, you can’t, why, well there has to be something there. There has to be industries or industries willing to move in and skilled labor to work jobs. So buying property when there is blood in the street only works under those kinds of conditions. But in addition to the environment conditions, what about the vision for where you want to see the place you’re investing in to be in the future. You don’t just throw money at something, you have to be skilled to grow it as well.

I look at a city like Chicago, Illinois for for example with high crime areas. No one is investing in those areas because of the obvious. But another reason is the skill of the people who are going to be working there in those areas. And, what do you plan on converting the area into. Hyde Park is a nice neighborhood where some if not a lot of people may work in the city. What about bringing city jobs to the Englewood community next door? Or better yet, Bronzeville is another community located in great proximity to downtown Chicago. Chinatown is in the middle, which is a great gateway of economic growth. Not only that, but if possible, you could bring the two communities together, creating a mix of diversity that could also contribute to the boom.

In the end, there is truth to the blood in the streets quote. Now whether you’re comfortable with investing in the areas, that’s up to you. Some people have invested, but then wound up losing money. But a guy like Nathan Rothschild, who had access to information was able to capitalize, some would say. You do also, it’s all about having the eye for being able to see the potential, then moving on it.


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HOLLA, WE WANT PRENUP! WE WANT PRENUP!

Image result for prenup

“I love you, but can you sign something for me?”

How do you go about bringing this up to a spouse? “So sweetie, you I know love and want to spend the rest of my life with you.” “But before we go any further do you mind looking over some paperwork with me?” She replies, “Sure what is it a marital license, the mortgage for our new home, the will..” Then you interject, “No, the prenup (cough)! She says, “Hmm?” You say, “The prenuptial agreement.” And with a exclamatory reply she goes, “Prenup, what the hell for!”

GULP! What is the right way to introduce this into a relationship? How in one breathe do you speak love, then the next ask for signed documentation? Documentation which will protect your assets in the case of divorce. Well first you have to ask yourself why is such a document necessary for starters. It’s necessary because of the high divorce rates, that’s why.

In the United States today, the divorce is close to 65% after only 5 years of marriage. I don’t know about you, but knowing you may have to split assets with someone you’ve only been with for 5 years seems kind of unfair. If you were married for 25 years, or 30 years, or 40 years, then yes, but 5. The reason I say 25 years or more is because at least there was a long term investment into the relationship. The 5 year plan seems like more of a business exchange than a marriage.

And that is where the prenuptial agreement comes into play. Marriage has become an in and out business today in America. Meet someone whose financially stable, get your 5 years in, and see ya later. But if you’re a man without any money, than a woman has no interest. Now if you are a man of means, this could be somewhat of concern. So is the way to protecting yourself not succeeding and striving in life. Because think about, you work all these years and someone comes and goes, “I’m not happy.”

So what, my future should now be determined on if you’re happy or not. So if I am happy and you’re not, than I have to lose in life. So now you think to yourself, what’s the purpose in working hard in life. Why push if you’re not going to be able to reap the benefits of your labor? As a man, you work so that one day you can relax and enjoy the fruits of your hard work. But if you’re only working just to one day hand it all over why work at all. Divorce has become the reason to be a total loser.

Women say that it’s not fair, fine let’s flip it. As a woman, you make $100,000 a year, would you marry a $30,000 a year man. It’s hard to do so, why because even you know as a woman that is not a business smart decision. So if you’re not willing to give up anything you worked for, why are you so ready for us to do so? A woman goes, “You need to be at my level.” But how often do you go, “I need to be on his level.” It’s easy to talk love and marriage when you have a lot less to lose.

This is why when people who make a certain amount of income wed, they need to have these discussions. But asking your wife to sign a prenup when you are a construction worker, police officer, garbage truck driver, etc. can be tough. Her reply would be, “You don’t have anything to take.” “Why sign a prenup?” Well that’s where she’s wrong. These men in these job titles are the ones who need prenups the most. If you’re athlete with $50 million and your wife gets $20 – $25 million, then you’re still good. But if you make $35,000 and your wife gets $10,000 – $15,000, you could be in trouble financially.

Which brings me to the after affects of divorce. One of the leading indicators of poverty amongst men is divorce. Conversely the leading indicator of wealth amongst women is marriage. So now you can see why a prenuptial agreement conversation can be one of much debate. It’s still the come up of a woman in America, but the lose of wealth among men. Yet, marriage is not on the decline in this country.

Maybe marriage is still going strong, well getting married at least, because people want to believe. Everyone wants to believe those numbers will change with them. Everyone goes not my husband, not my wife. We have something special with each other. We have a bond that’s bigger than money. And that’s just it. We as humans know it can be a crap shoot, but want to believe that the person in our lives would never leave. Yet year after year, the divorce cases pile on the desk of attorneys.

It’s 65% today what, 80% in the future. No matter how you look at it, marriage is still a great union, but in today’s society we have no other option at times but to treat it as it is. A union whereas two people are pooling together finances to gauge how well this relationship will work. Which dwindles down to a business contract that is an investment into our future together.