Finance

Sometimes spending more can cost you less.

Learn how to spending money can cost you lessRight now we are in the heart of shopping season and the more we buy the more we may begin to question the price-point of some of the purchases. I by no means am a brand junkie. I will admit however I prefer some brands over others. I like to make my purchases based on quality. I will admit however there are some brands that are synonymous with quality. I remember a few years ago there was a basketball player named Stephon Marbary, who like many basketball players had his own line of tennis shoes. He however took a different approach than most athletes, his tennis shoes were sold for roughly $20 instead $100, I clearly remember watching a news story on TV that compared his tennis shoes to the leading $100 brand. It was found that his tennis shoes, called the Starburys, were of equal quality to that of the more than $100 tennis shoes. Stephon Marbary line of tennis shoes are one of the few cases in which a quality brand that could have otherwise easily charged five times more, purposely choose to charge a lower affordable price.

You may think that it is unjustifiable for some companies to charge what may seem to be 50 to 75% more for their particular products.

However sometimes spending more can cost you less money over time. A friend of mine and his father both purchased dress shoes for church roughly about the same time some years back. His father just wanted to get shoes that fit at a good price. On the other hand, my friend meticulously examined each shoe and ultimately purchased a pair of shoes that were about four times the price of his fathers shoes. Continue reading “Sometimes spending more can cost you less.”

Fitness & Wellness

Wellness Wednesday: Mental Catharsis Clearing out your Mind

The Holiday season is upon us and it can be stressful. Plenty of family gatherings will be smiles laced with disappoints and hurt. Although your can’t for someone else to resolve their issue, you can however working resolving your own. Mental catharsis is the process of purging your mind of emotions that you may find stressful. There are often times in which we are in situations in which we may not have gotten the opportunity to truly vent our feelings, whether its out of shyness or just remaining silent to keep the peace for the sake of everyone else. However bottling our feelings can result in physical manifestations like loss of sleeps, stomach ulcers, sore muscles, headaches and so much more. Part of maintaining our physical well-being is maintaining our mental wellness. Writing down a list of the hurts that you have chronicled at the forefront of your mind onto a sheet a paper can be a very cathartic way to release yourself from them. Another step that is also beneficial is to take that same list and to trash it.  The symbolic process is a way of purging your mind of that hurt, and hence benefiting your body. This is not a replacement for seeking professional help, however you may find it to be very beneficial. Stop re-living the same frustrations and hurts. Try it out today. Happy health and happy savings!! 🙂

Finance

Grasping the Reality of your finances

100 dollar bill editHaving a realistic scope of your finances is a healthy way to take a step toward a debt free life. Many years a ago, Donald Trump (before he was as successful as he is today) made the comparison between himself and a debt free homeless man. He said if he were to give the homeless man one dollar that the homeless man is technically richer than he was at the moment.  You may think that doesn’t make sense. Essentially a lot of us live a life that is in the negative when it comes to our finances. We buy our cars, homes, clothes, furniture, appliances and sometimes even our vacations on credit. And we are simply surviving by making minimum monthly payments laced with interest charges. Real money is the money that we actually have in our bank accounts that we earned. Imaginary money is our line of credit and our overdraft accounts. I have seen it time and time again in which the bank gives larger and larger overdraft limits and credit card companies increase card limits. When these increases occur, it does not mean that we now have more money. Remember that money is imaginary, again what we actually have is what is in our bank accounts (or in some old school cases, hidden in the mattress.) I am not saying that credit is a bad thing, however if we assess what we actually have, we can better access what we can afford to actually buy. We have often heard experienced financial analyst and economic geniuses like Suze Orman, tell us to live within our means. Today let’s take the time to determine what our means actually are rather than the imaginary money we believe them to be. Happy savings!!!

Fitness & Wellness · Kids and Family

1 Remedy to Combat Depression

Drepression editExercise has so many health benefits, but the one I would like to focus on today is reducing depression. WannaTalk2Us is dedicated to streamlining the various aspects of your life that will contribute to your overall well-being. Depression is something that seems to strike each of us from time to time. You may have experienced depression or you may know someone who has experienced depression. Depression not only affects the host but everyone surrounding that person. It is harder to work, interact with people, tend to our families, and so much more when overtaken by depression. You may think that the mental state of depression is just that, a mental state.

The mental state of depression sometimes has physical manifestations such as un-wanted weight gain or weight loss due to a change in one’s eating habits.

Depression can also take away from focusing on properly managing finances or even over-spending. There are so many ramifications to depression and there are lots of Continue reading “1 Remedy to Combat Depression”

Finance

Paying it forward and Profiting

money finalYou may be wondering how paying it forward can save you money. You likely think I am about to go the direction of others that tell you by making a charitable donation you will be able to save some money come tax time. Although that holds true, paying it forward results in great karma. In case you are wondering who or what karma is, think of it as what goes around comes around. Paying it forward can make the difference in your outlook, a difference in outlook can make a change in your finances. Think about the last time you did a good deed, you likely felt great about doing so and hence radiated a great energy. Follow me for moment, when you have a positive energy, it is amazing the amount of awesome deals and opportunities that will come your way. I am not saying to pay it forward and do a good deed solely to profit, but its an added bonus. Pay it forward and profit.

Finance

Fix the Funds February

Fix the Funds February

The latter part of January and the beginning of February are considered very stressful financially for many. Between the months of November and December we tend to make quite a few holiday purchases; whether it was buying gifts, paying for travel, or entertaining winter guests. Some of us have charged those expenses and are just now getting the credit card bills for them.

The current financial stress that tails us from last year can be remedied. I am declaring February as Fix the Funds February.

This month is a great opportunity to create an action plan to  begin a financial recovery process. We will explore some practical ways to cut down spending. The money that is saved can be applied to credit card debit, other debts, or savings. Many other debt counselors would have advised you to put away your credit cards and to not use them for a while. However some of us did not accumulate credit card debt but instead spent tons a cash just the same. Part of any recovery is to first let the wounded area heal. You remember when you were a child and would get wounded, you kept picking at your scab? Your parents would tell you to stop picking the wound otherwise you were delaying the healing process. Each of the Fix the Funds February task will only last for one week. Yes, I could make each task a one month long challenge, but lets be honest lots of us have issues committing and this a great way to get started .

The first Fix the Funds February task is to not make any purchases. I am a huge fan of online shopping. I will admit that there are many nights I am shopping online while in bed from my smartphone. I have gotten really good of at putting lots of items in the cart or my wish-list and determining if any of them are an actually needed. I challenge you to not purchase anything that is not absolutely necessary this week. Continue reading “Fix the Funds February”