Things Take Time

Anything worth having is worth working for. There have been many things in my life that I wanted and it took some effort for them to come a reality. Time and time again, I think of what I should have and don't. The effort that is attached in achieving things does take time and effort. When it is all said and done the experience was needed. It also let's me know that I can do anything I put my mind to.

Working Toward Making it Happen
No financial aid for me. Yes, I am on academic probation. Totally my fault, I admit my wrong. Now, I should be eligible fo financial aid again. Talking with financial aid and academic advising for the past week has helped. There is a disconnect in communication. Tomorrow, I will contact academic advising to have them email a statement verifying that I have made my gpa and my rate of completion. Everything should be a go.

Paid off my portion of the tax lien, $956.35. I also had to give my mother her money back, $850. This shows me that I have money to pay bills, just managing and doing right by the money is what always tends to get me.

My Six Year Plan
Thinking about my life and realizing that there are six years before I am 40 years of age. What will be going on in my life at 40? This is why I came up with my six year plan. Sorting out each year with what I should have accomplished will help me accomplish my goals.

Year 1 September 2009-2010
KAMs 1, 2, 3 complete
Finished all classes
Tax Lien Paid Off
Moved from 617 Wilder Drive
Wachovia Paid Off
Spanish Class
Financial Aid (Got that)
Turned house into personal care home
Bought 1 four bedroom
Working on dissertation
Will
Saved $10,000
Online education

This is year one, I will post the next years later. I am proud of myself and the things I have done, that never seems enough.

I Am Taking Action

Jacquesa and Charone came down from Atl to talk about financial planning. Overall the meeting went well. We both got life insurance and the policies are less then $80.00 a month for over $500,000 worth of coverage. I honestly learned a lot from our meeting. Well, actually things I knew, but the meeting really brought things to the fore front. For instance, with my mortgages, the interest rates are 6.25 and 7 percent, but over the 30 span I will have paid about $200,000 for one house that is only worth $52,000. That is a mess. Regardless of the market, you need to know how to manage your finances. No one is going to help you, but yourself. Also, putting your money in the bank and only getting 3% interest for the life of your money or investing it and receiving more for the duration of time. Which is better? Overall, shorter mortgages and investing are the best thing for you. If you are young, please put your money to good use. If I knew then what I know now, boy I wouldn't have to work. The money I wasted, what am I talking about the money I waste now is a crime shame. I do admit, I am not where I need or want to be, but with the help of this blog, friends, and my financial circle I will get there.

Ya, I have life insurance and I am glad. One thing off of my list. The next step is a living will and a will. They are needed with GA being a probate state. I do not want the state to take my assets. Start early and put your money to good use. The economy will be, but if you are prepared you will sustain the ups and downs. Think about it. Start now, tomorrow is not promised.

You know we learn many things from school, but we don't learn about finances and how to manage money, or make the right financial decisions. Take the time out to learn about your money. Diversify, please. Banks make money off of your money. Most plans invest your money and charge you a penalty for pulling your money out. Why? Because they are using your money to earn money for themselves. I know we say that I will handle my finances later when I have enough time. The time is now. Stop putting it off and take a stance for your money. Generational poverty exists. What will you do to stop it?

Generational Poverty

CHAPTER FOUR: CHARACTERISTICS OF GENERATIONAL POVERTY

Family Patterns in Generational Poverty

Hidden Rules