The Investing Starter Kit Blog

You know about a checking account or a savings account. These are accounts that allow us to store money somewhere other than under our mattresses... We get a checking or savings account through our bank. A brokerage account is also a place to store money, but one which allows us to have access to buying investments, like stocks , bonds , mutual funds and ETFs . Some of the largest brokerage companies are: Vanguard, Schwab, Fidelity. You have likely also heard of Robin Hood

Hello and thanks for following this blog. I'm writing today to recommend a magazine that provides quality financial education monthly, that, by subscribing and reading it regularly, you can help yourself improve your financial fluency, and ideally, achieve financial freedom more quickly. First, a story: I like having conversations with Black people who have worked out their money game well, asking them how they did it. I was really surprised when in the space of about a week

Nasdaq was the acronym for the National Association of Securities Dealers Automated Quotation Stock Market, but it has since become a word

The NYSE is the world's largest marketplace for buying and selling stocks. It's also one of the oldest in the world, founded in May 1792!...

Create a new money plan, preparing to start investing.

If you have been taking the first 7 steps of the MGB Investing Starter Kit process, especially Step 6 , then by the time you get to step 8, you're ready to begin paying down your debts, starting with unsecured debt first. Watch the video to get more informations, and here are links to describe the Snowball method , the Avalanche method , plus resources of PeopleJoy for student debt, and DA . Do you have any other resources that have helped you or others you know get out debt?

A financial strategy for people who have dependents, term life insurance is a useful way to consider to create peace of mind for parents...

If you have been following along with the steps of the MGB Investing Starter Kit process, then you should have some information on your spending from doing Step 2 all this time--the Digit Tally . I posted about this before, but here's more clarity on the process--time to add up your expenses. Here's a free MGB Money Tracker on Google Sheets that you can use. The third tab has an example of a month of spending in different categories. How much does your life cost for a month

Happy Fifth of July! So, I must admit, I found it harder to celebrate America this year with the Supreme Court ruling to dismantle...

When the stock market, as measured by the S&P 500 or the Dow Jones, (or some other index or indicator), rises more than 20% from its 52...

In her latest newsletter, my brilliant friend Monica Coleman discusses why she doesn't 'celebrate' Juneteenth, and I thought I'd share...

The Blaze virtual conference is happening next week, and registration is free! The theme is the very appropriate "Bend, but don't break!"...

Happy June! The 6th month of the year, time to introduce step 6 in the MGB Investing Starter Kit process--Assess all of our debts including taxes. [Video was made before the orange skies took over! NYC is back to normal today, thankfully.] Use a spreadsheet like this free Debt tracker Count up all debts, which includes, as I mentioned in the video, taxes! (And here's the link to that story! ) Check your credit report , which some call the 'adult report card.' It may be over

Happy Memorial Day Weekend! We hope you have something nice planned. And we remember those who gave their service to our country so that we can feel free today. This step is about freedom, too--starting an Abundance Fund (what we used to call an Emergency Fund , but we have rebranded, thanks to one of you!) We recommend having $500 in cash available at all times. What do you think of having an 'Abundance Fund'? Let me know in the comments! And as always, thanks for reading t

What the ETF? lol. An 'Exchange Traded Fund' or ETF for short, is just like a mutual fund, it's an investment that allows the purchaser...

An index tracks the stock market.

Instead of investing in individual stocks, another investment you can choose is called a MUTUAL FUND, which is an actively managed...

Step 4 in the MGB Investing Starter Kit process is to get what we call a Check In Chum. Watch this video to get more info! Get a Check in Chum! Here's a sample text you could send to your potential Chum: Hi friend! I took a class on investing, and the teacher suggests getting a ‘Check In Chum’- a buddy interested in increasing their financial fluency. Might you be interested in hearing more about this? Do you already have a 'financial fluency' friend to bounce investing ideas

April is also National Poetry Month in America. Here's one from Dartmouth professorof English, Dr. Joshua Bennett, PhD. AMERICA WILL BE...

FUBU founder Daymond John has this great interview with Marie Forleo, as he promotes his new children's book. My favorite takeaway is the...

Today we commemorate the lives lost 29 years ago in the Central African country Rwanda. It is a solemn day. 'Kwibuka' means 'to remember'...