WISE Resource Management

Understanding FICO Scores What are FICO Scores? FICO Scores are the most widely used credit scores. Each FICO Score is a three-digit number calculated from the data on your credit reports at the three major consumer reporting agenciesExperian, TransUnion and Equifax. Your FICO Scores predict how likely you are to pay back a credit obligation as agreed. Lenders use FICO Scores to help them quickly,...Continue reading

I would be deeply humbled if everybody on my timeline that believes in the power of prayer would stop what you’re doing, just take a minute, and post this. "Lord, we need You! Please sweep through this nation and heal this land. Restore our strength, renew our minds, and cast out anything that's not of You. In Jesus Christ’s name we pray, Amen." Pray for our country!! Amen!

https://youtu.be/rgTuyDVKrLU Avoid easy money car wrap scams.

Good Morning, Buy a house and get a 15 year fixed mortgage rather than a 30 year mortgage. Saves a lot of money in interest over the life of the loan. If you must get the 30 year mortgage verify no prepayment penalty. This gives you the flexibility of paying off early if you are able. But also gives the option of making lower payments when times are tough. When you start your job, get an HSA account not FSA and get the high deductible health insurance. It will lower your tax... bracket and the money is yours to use. You also earn 40% in most cases after 10k!!! Never buy a car brand new! I’ve watched Escalades go from 100k (new) to 35k four years later. Get you an LLC (incorporate your name!!) and run it as an S Corp. Remember Jay-Z quote I’m not a Businessman I’m a Business Maaaaaaaan.... let that sink in. Build business credit! The loans are bigger and the interest rate is lower. Get a business bank account (in most cases this costs around $500 to start). Some people got two stimulus checks (one from Trump and one from the SBA). Also no fees. Get with your peers from your graduating class and others together at homecoming on one day for two hours to plot and strategize how we can move our communities forward (commerce, politics, education, etc...) Get life insurance for you and your children (term) as soon as they are born (one thing is for sure is we will die...might as well leave your kids something extra!). The sooner you get it, the cheaper it is. Get the people in your immediate family to save collectively! If 10 people save $500/month, that’s 60k every year. You could buy 3 starter homes every year and in 4 years all ten of you are home owners. Buy on the same block or neighborhood if you can...this way you control the value of the homes (remember Monopoly!). Learn how to create a wealth portfolio and acquire hard assets like the wealthy do.

https://youtu.be/fDNbNdornBA

https://youtu.be/ZDjl2hahc9o

https://www.fxstreet.com//where-will-that-2-trillion-come-

https://www.consumer.gov/articles/1002-making-budget

The most important resource we must manage is the earth.

What Financial Lessons have we learned?

I will have the honor of presenting on the importance of estate planning and the implications of heirs property during this workshop. You will certainly receive some valuable information and you don't have to pay for it - this time!