Do you invest/buy stocks? How is your money management going?

Where do you stand?

  • Little or no savings, no 401k, no stocks or investments.

    Votes: 0 0.0%
  • Little or no savings +401k

    Votes: 0 0.0%
  • Little or no savings +401k +stocks/investments

    Votes: 2 25.0%
  • Modest savings +401k

    Votes: 1 12.5%
  • Modest savings +401k + stocks/investments

    Votes: 2 25.0%
  • Substantial savings +401k

    Votes: 0 0.0%
  • Substantial savings + 401k + stocks/investments

    Votes: 0 0.0%
  • No financial literacy

    Votes: 0 0.0%
  • Minor financial knowledge

    Votes: 1 12.5%
  • Substantial financial knowledge

    Votes: 2 25.0%
  • Yo, I'm a financial wizard!

    Votes: 1 12.5%

  • Total voters
    8

Camille

Kitchen Wench #TeamQuaid
Staff member
Several years ago I ordered a book about black women and money, it was never delivered, and I got a refund but didn't reorder at the time. It's out of print now, but I ordered a used copy on Amazon a couple of weeks ago, and could kick myself for not ordering this YEARS earlier. It's called Beyond 40 Acres and Another Pair of Shoes by Pamela Ayo Yetunde This was pre-kindle, so they only have the hard copies available. It addresses black women and money and though the information is universal, it has special caveats for women. She uses our love of shopping to correlate how investing is similar. She also mentions how we will often shop to look prosperous, and we have the trappings of wealth, but not true wealth.

She addresses some of the mental mindsets that stop African Americans from saving investing at the rates whites do. She addresses how we have a "code of silence" around money and that we don't really discuss amongst ourselves ways to increase wealth. I know even in my family we considered finances a private matter and not for discussion outside or sometimes even amongst family members. She addresses distrust of financial institutions. She points out that even if you save 100.00 a month, after 10 years that's just 12,000 dollars, so you either have to save more aggressively or become part owner of a company by investing. I want to learn more about stocks and investing, on the main board they have a post about trading, and I had joined at the time but didn't do anything beyond register and create a user name. She also points out and addresses some of the apathy blacks have toward being in America and how some don't always feel entitled to participate in the wealth building and how we have to stop waiting for "40 acres and a mule" and take our rightful place in sharing in the wealth of America. We haven't internalized how it applies to us. At one point she mentioned voting and how blacks also do not vote or see how changes in laws and the economy affect us and our reluctance to take risks. She said we don't participate because we don't see how the political process applies to us or how we can benefit/make a difference. I think one of the reasons we had such a high turnout in this election, besides Obama being black, is how we could see how our vote could make a difference, and I'm hoping we stay engaged as a people. I know a lot of folx who didn't follow politics before Obama was elected have stayed interested even outside of campaign season. The political and social examples she gives are somewhat dated, but still applicable. She also touches on things like disability and life insurance etc.


Anyway, I do want to learn more about investing, and this book has kind of lit a fire of urgency when I consider my current well-seasoned age and how long I have left to actively work and save. I have a 401k that I put my max into, and a few shares of stock from my previous employers old employee stock buy in program, but I think (know) I need more. I also ordered her other book about stock picking, though I haven't started reading it yet. I haven't been doing any free ebook posts even though I still download almost everyday, but if I find any financially related ones I'll come back and add the links to this thread. I just wanted to share the info on this book because how financially well off we are determines how financially well off our children and communities are, especially since so many black women are single mothers and the sole bread winners.


So do you invest? Have a savings? Plans for future financial stability?
 
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Stocks we have are in Echostar. Coffee. Caterpillar(the construction company) And some other ones. Yum. Starbucks. Chinamobile. Some other primes. For the record? I didn't do this. The wife does it. She's a wiz with this stuff, anything with money. Numbers. She's ON it. We have land in various countries. Everyone of us has a separate 401k, and working on getting some back door savings plans as well. The children have savings, not for college. For life savings. Insurance policies. Investment policies. Our oldest daughter does her own now. She's 18. I'm personally no good at it. But i can manage it. Speak to a representative if i were you. A planner. Advisor. Read alot about it. My wife learned everything she did just by reading and asking questions.

When i was single, i saved 60% of what i made. Which... i was single and didn't shop so it was easy for me to do.
 
Thanks for replying! :) That's what the book recommended... seeing a professional. I've read enough to know to pick someone who works off salary and not commission, but that's about it. I've also downloaded a bunch of financial books from amazon, but to be honest ALL I've been doing is downloading. I have some minor debt to take care of, once that is done I'll put some money aside to save and some to invest.
 
Stop thinking and start doing my sis. That's all i can say. By doing i mean reading. I don't know much about this stuff. I know the basics. I know to listen when professionals tell me what to do. But i do read about all the things that pertain to my families financial future. So lets hop to it lovely!
 
I know this thread was a bust, but I'll still post books related to money/finance/business that I come across on amazon. Books are free at the time of posting, but subject to change. Make sure the price is still free before clicking purchase.

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25 Money-Making Businesses You Can Start in Your Spare Time

Top 10 Best-selling Book in Kindle "Home-based Business" and "Entrepreneurship" Categories!
Have you been impacted by the financial downturn?
Are you currently unemployed, stuck in a dead-end job, or looking to make extra money?

Why not start your own home-based business?

This book details 25 money-making business ideas that you can start today, either part-time or full-time and make money now! There is no better time to chart your own path, and create your own future.

Starting your own business can provide extra income and a sense of accomplishment, provide you with new skills, and valuable experience.

What if you got started today? What would your life look like in 30, 60 or even 90 days?

Start your own small business today!

http://www.amazon.com/dp/B009FF1K9Q/?tag=vp314-20


Money Bags: What Rich Parents Teach Their Kids To Be Happy And Avoid Debt [Kindle Edition]

We all want our children to have a better life than us. This is especially true of their handling of money, as we’ve all had our share of financial blunders (some more than others), and as parents, we certainly don’t want to pass our less than useful money habits onto our children.

After 30 years in Financial Services (11 of these advising clients as a Financial Planner) and as a keen student of human behavior and neuroscience, Leanda Kayess is sharing what she has learned about money and people in her books.

In ‘Money Bags’, I'm really excited to bring you a new approach to managing money as well as some tried and true methods in teaching your younger children (from age 3 – 12) about this vital life skill.
Teaching your kids about money doesn’t have to be boring

You will discover fun and easy activities and exercises that you can do with them including how to set up the Money Bags Allowance System covering 6 essential needs we all share as human beings. You’ll also learn how to decide how much to pay them, what they could do to earn it, and at what age.

As parents, you enjoy a certain status in society, that you have earned through setting your own goals, then working hard to achieve them. I call this your self-leadership potential. Your kids need to learn about their own self-leadership potential, and they can learn this with money.

We all spend money on those we love and there are plenty of ways to demonstrate our care for others without over-spending. Teach your kids to set aside money to spend on or with their loved ones now and in future.
It’s Never Too Late

Children have the huge advantage of time on their side. An early start will mean that they will not have to allocate as much throughout their adult lives for their future financial security. What if you had put away just $20 per month since you were 5? At age 65 (invested at 5% after tax) you would have more than $91,000! This is one of the simple but important concepts in ‘Money Bags’ to teach to your children in a way they will understand.

Happily, there is no right or wrong way to work with the Money Bags System, except to ensure your children learn to allocate the money they earn to each of our 6 essential needs. If these are covered off by the time they reach their late teens/early adulthood, you will have done a great job of setting them up for a life of financial freedom, power, success and happiness.”


http://www.amazon.com/dp/B00B4UDUA2/?tag=vp314-20


How to Start a Business [Kindle Edition]

Learn how to start a business, from A to Z. This colorful and engaging eBook will break down how to develop your business idea, pitch to investors, hire your first employees, court mentors, attract excellent board members, monetize your product, track your revenue, market on a budget, get customers and keep them!

http://www.amazon.com/dp/B00AHNDQFG/?tag=vp314-20


HOW TO MAKE MONEY ONLINE: Learn how to make money from home with my step-by-step plan to build a $5000 per month passive income website portfolio (of 10 ... each) (THE MAKE MONEY FROM HOME LIONS CLUB) [Kindle Edition]

In association with makemoneyfromhomelionsclub.com

NO PRIOR EXPERIENCE REQUIRED. ALL INSTRUCTIONS ARE FULLY DETAILED AND STEP-BY-STEP SO ANYONE CAN FOLLOW THEM EASILY.

Online passive income is the ultimate dream. Making money while you sleep. Everybody wants it.

But is it really possible?

The short answer is "yes."

The longer answer is "yes, but it isn't easy to accomplish."

If it was, wouldn't everyone be doing it?

In my ebook, I give you a step-by-step plan on how to develop a passive income website portfolio and show you how making money online actually works (with links to supporting video lessons for extra clarity).

The specific plan I teach is designed to make you $5,000 per month in passive income earnings, based on 10 websites, with each website having a targeted earnings level of at least $500 each. Once you understand the process though, you can decide to build 20 of these websites, or 100! When you stop is up to you (and yes, there are people making tens of thousands of dollars per month on the Internet based on these concepts - they just love the work and don't ever stop building new websites or expanding their current ones!).

What's great about the business plan that I teach you is not only the income level you will accomplish if you follow through, but all that you will learn in the process. The skills you learn in this ebook will enable you to build all kinds of online businesses and open the door for all kinds of entrepreneurial projects you may have.

Not only that, you will be able to evaluate business ideas much more intelligently once you've gone through this whole process. You will understand the fundamentals of keyword research & analysis, traffic & lead generation, social & affiliate marketing, monetization & conversion testing, and traffic analysis. These skills will help you immensely in ANY business you ever decide to start (online or not, passive or not).

Generating an online passive income won't happen overnight and takes a lot of hard work, but going through the process is completely worth it and having an exact plan of action is the ONLY way to ensure success.

Let me put it this way: if you were offered no pay for six months for 40+ hours of work per week, but after those six months, you got $5,000+ per month for the rest of your life, would that be worth it to you?

If that idea isn't unbelievably exciting to you, then this isn't the business for you.

This isn't a get rich quick scheme. This is a business. Except with this business, instead of trading your time for money (like most jobs), you are investing your time. You work hard now and continue to reap the benefits indefinitely. Building an online business takes a lot of work and a lot of patience, but the rewards can be amazing.

That's the kind of business that I teach you in this ebook.

http://www.amazon.com/dp/B009SEQT04/?tag=vp314-20

Starting Your Own Business: An Entrepreneur's Guide to Starting and Growing a Small Business [Kindle Edition]


This practical small business guide is full of real-world tips, advice and strategies for starting and growing your own successful small business.

The author shares his experience from starting and growing numerous small businesses, as well as his years of business counselling -- working with hundreds of entrepreneurs, small businesses and students.

Learn how to:
Come up with a great business idea
Start and grow your business without funding
Build an online presence to maximize success
Market and promote your business for little to NO COST
Harness social media to drive traffic, get customers and make sales
Build your business without quitting your day job -- unless you want to!

http://www.amazon.com/dp/B00A7NTN0I/?tag=vp314-20

The Art of Money Getting; Or, Golden Rules for Making Money [Kindle Edition]

by PT Barnum

http://www.amazon.com/dp/B00AQM9LHU/?tag=vp314-20


Identity: Your Passport to Success [Kindle Edition]


Features a foreword by John Maxwell and afterword from Steven R. Covey.



Have you ever thought about the connection between knowing who you are and success? Identity can serve as your greatest asset. Enduringly successful people know who they are, are clear about what matters to them, have established powerful identities, and create value in the world.



In this book, the process for discovering and understanding your identity is brought to life through Stedman Graham's personal experiences and the stories of individuals who've resolved their questions of identity, building a life that matters to themselves and those around them.



Take control of who you are. Take control of your life. Achieve lasting success.

http://www.amazon.com/dp/B007BLO7KU/?tag=vp314-20

Make More, Worry Less: Secrets from 18 Extraordinary People Who Created a Bigger Income and a Better Life

Make More. Worry Less. Everyone wants to do that–but how? And how can you do it within the organization, where most people will spend their entire working lives? This book has the answers. No academic theory here: Make More, Worry Less brings together 18 riveting stories from people who’ve achieved both of these goals, gaining surprising wealth and real peace of mind along the way.

These aren’t superheroes. They’re ordinary people who’ve done the extraordinary: from fast-food worker Linda Robb, now earning a six-figure income at Aflac, to once lowly telemarketer Steve Hudson, now running business development at one of the most promising start-up companies in the nation. Author and radio host Wes Moss reveals the powerful lessons these individuals have learned. Better yet, he shows how you can use those lessons to take ownership of your life and career, earning more money than you ever thought possible.

But that’s only half the equation! Moss also shows how to handle your increased success with less stress, fewer worries, and greater happiness.

Every single story in this book is accompanied by specific tips, tricks, steps to take, and more...

http://www.amazon.com/dp/B004LB5GLW/?tag=vp314-20

Mind Over Money: How to Program Your Mind For Wealth

This simple 30-day training manual will help you change your life in every imaginable way. Discover the little-known secrets of thinking rich in order to finally created financial freedom in your life and avoid the critical mistakes that keep most people trapped in a cycle of money problems.

DAY 1: This Moment Is Your Point Of Power
DAY 2: How to Stay Light-Years Ahead of the Masses
DAY 3: Three Simple Steps To Unleash The Power Of Goals
DAY 4: How To Instantly Change Your Limiting Beliefs
DAY 5: Protect Yourself From The Negativity Of Others
DAY 6: The Power Of Auto-Suggestions
DAY 7: The Greatest Secret of Modern Science...
DAY 8: Why Your Feelings Are The Gateway To Riches
DAY 9: Your Desires Are the Key to Your Evolution
DAY 10: How to Be Happy... Right Now!
DAY 11: You Will Get Exactly What You Focus Upon
DAY 12: How to Supercharge Your Magnetic Power
DAY 13: How Joyful Expectancy Creates Financial Miracles
DAY 14: You Are Always in the Right Place at the Right Time
DAY 15: How to Live Effortlessly
DAY 16: The Magic Key of All True Wealth
DAY 17: How to Generate Powerful Self-Confidence
DAY 18: The Genius, Power, and Magic of Boldness
DAY 19: Opportunities Are Everywhere
DAY 20: Never Stop Learning to Create Financial Freedom
DAY 21: There is Always Enough Money to Meet Your Needs
DAY 22: The Magical Powers of Kindness
DAY 23: Freely Accept the Gifts of the Universe
DAY 24: Five Ways to Enjoy Sharing Your Wealth
DAY 25: Your Unique Personality Will Make You Rich
DAY 26: Ask Your Dreams For Money-Making Ideas
DAY 27: Happiness Will Make You Money
DAY 28: How to Become a Powerful Source of Good
DAY 29: It's Time to Take Action!
DAY 30: Celebrate, Have Fun, and Enjoy Your Life!

http://www.amazon.com/dp/B006OQHTYO/?tag=vp314-20

Build Your Ultimate Business IN 100 Days. How To Start A Business, Ideas To Build Your Business Process

This book is not just to be read and put aside, it’s a work plan, and yes, the author provides the plan and you’ll provide the work! Over the next 100 days we are going to provide you with free training, personalised advice, workbooks and access to “ask the author” questions about YOUR situation! This book is all about providing best advice that is tailored to your needs.
The plans in this book shows you very clearly how to build “your” ultimate business in just 100 days. In the title of this book the word “your” is written in capitals because if you run a small business, or you are thinking of starting one, you have many ways you could go, but only one way that takes YOU to YOUR ultimate business, the best business you are able to build.
Inside this book you will find:
100 day work plans arranged by experience;
1. Rookie – just starting out
2. Novice – 1 to 3 years trading
3. Established – 3 years plus
4. Old Hand – 10 years plus
Links to:
Free workbooks for each plan.
Free live training schedule.
Other free resources.

This book is important and it’s important for two very simple reasons.
One, this book is about you, your future and your family’s future; it’s about helping you to be successful!
Secondly, this book is about small business and small business is important to all of us. Just consider The United States of America, the largest economy in the world; there are 27 million small businesses in the US. Small businesses make up over half of all the sales and create 65% of all the jobs.
Small business owners like you are the backbone of the local community. If you look around your community and see who’s sponsoring the local sports teams, or charitable events, much of the time it will be a local business, or the owner of a local business, that’s putting money back into the good of the community. The good news is that every year 580,000 new businesses open in the United States, the bad news is that, in the same timeframe, about 600,000 close.
In the next 100 days this book will show you how to be one of the 580,000 who started and not be one of the 600,000 that fail. Whether you are just considering starting a business and don’t know what it will be, you know the business that you want to start but just haven’t yet made the leap, or you’ve been in business for a while and reached the plateau that so often happens to new businesses – in the next 100 days this book, and the accompanying online training, will get you to success!

http://www.amazon.com/dp/B00AXF09UI/?tag=vp314-20

The Rules of Work, Expanded Edition: A Definitive Code for Personal Success (2nd Edition)

Some people are simply great at their job; they always seem to say or do the right thing. They are mentioned in every conversation. Everybody likes them. They get promoted. They get pay raises. They get along with the boss. And somehow, they do all these things without being unpleasant, breaking much of a sweat or seeming to put in excess effort. And when they are offered another step up the corporate ladder or a fabulous new job, no one is surprised. After all, they have 'potential' written all over them. How do they do it? Do they know some secret we don't? Yes, they know The Rules of Work.



These rules aren't about how to do your job, they are about how you are seen doing it. They are about how you appear to others. And they are about helping you to achieve the success you richly deserve. The first edition of The Rules of Work: A Definitive Code for Personal Successbecame a global phenomenon, topping bestseller charts around the world. This new edition includes 10 brand new rules to take you further, faster. These rules are the guiding principles that will improve both what you do and how you do it, giving you the unmistakable air of confidence that will win you admiration, respect, and the next promotion. With The Rules under your belt you'll have the edge in everything you do, without having to compromise your principles.

http://www.amazon.com/dp/B003HOXLES/?tag=vp314-20


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I know this thread was a bust, but I'll still post books related to money/finance/business that I come across on amazon. Books are free at the time of posting, but subject to change. Make sure the price is still free before clicking purchase.

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Not Not sure why you made the comment above. I think you've started a great thread. Keep adding as you find things important and even things about your journey into the investment world.

Here is a great site. HTTP://stocktwits.com share and see what others are saying about stocks, forex, futures, etc real time
 
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