To some, yesterday was Happy Stimmy Day. To others, it was just another Wednesday on this blue spinning rock in space. Either way, I am grateful to be here experiencing it all. It took a few days for me to adjust my senses from the daylight savings adjustment (here in the States every spring, we turn our clocks up one hour – it makes no rational sense to me but when in Rome…).
With President Biden signing the Relief Act last Thursday, it was reported that people could begin receiving their stimulus checks as soon as this past weekend. And social media exploded with comedy! The most hilarious one (to me at least) was on Twitter.
Needless to say, after reading that, I tripped and fell down the stimmy meme rabbit hole and emerged a couple of hours and a stomach cramp later 🤣. With everything that has happened over the last 5 years in this country (I’m just addressing the most recent years of crazy in America), it is good to stop and laugh once in a while. Yes, life sucks sometimes, but if you survive it look back and I’m sure you’ll find a meme or two that will brighten your mood a little. And remember, if you’re reading this, you’re one of the lucky ones. Don’t squander today. Grab your favorite drink. Make the best of it – or make a meme of it to brighten someone else’s day. Laughter is good medicine.
I have been following some of what’s been occurring politically these last couple of weeks and I am ashamed of humanity.
While many are still unemployed or grossly underemployed, businesses are receiving thousands to continue to run. Politicians, meanwhile, have debated for months over whether to give people $600 – $2,000 to live on. You can learn all you need to know about a country’s policies based on how they value their women, children and elderly – mainly who are the most devastated groups during economic upheavals.
This pandemic has exposed the financial fallacies ingrained in society. That led me to increase my personal financial plan to be more prepared for any future upheaval. What I fully realized is the lack of financial education available to the children during their formative school years like basic budgeting and balancing a checking account.
One of my goals this year is to assist at least 60 people to understand how to create a budget, balance a checking account and draft a savings plan. That’s 5 people a month. You may be thinking that’s not many people, but many people are ashamed to discuss personal finances. I’d love to be proved wrong though. I also started a virtual bookkeeping business, MBunn Services LLC, where the services I offer include account cleanup, bank reconciliation, tax preparation and notary public services for the Philadelphia, PA area.
If the pandemic and political mayhem has you feeling out of sorts, just know things have the ability to get better. Hey, if you invested in Bitcoin over the last 9 months you have something to smile about. I don’t have Bitcoin but my new 401k isn’t looking too shabby. Set goals and follow through so these public displays of aggression don’t weigh you down.
I missed a Friday or two. Sometimes life shows up because she never stops. I am learning and growing as I am teaching. The best way to solidify what you are learning is to teach it to someone else. Have you ever heard of income protection? Did you know you can calculate your income protection number? Do you know what your income Protection number is?
Income protection is the amount of life insurance or assets an individual needs to cover any potential loss of income due to the unexpected death of the primary (or sole) income earner so the survivors can be financially sound until the youngest dependent is at least twenty years old.
You can have your income protection number (IPN) calculated by a financial coach or advisor. If you do not have one or do not know where to find one, comment below. Don’t forget September is Life Insurance Awareness Month. “Friends don’t let friends go without life insurance.” – unknown.
Many people are suspicious when they hear life insurance. Images of sheisty salesmen similar to the car salesman that will sell you junk at a high price comes to mind more often than not. Before I dispel some of that information I want to share that it’s Life Insurance Awareness Month. I just found out it’s a thing yesterday.
I’m glad it is a thing because we need the facts on life insurance so we can make educated decisions when (not if) we purchase life insurance. Note to the hecklers, life insurance is least expensive when you’re youngandhealthy.
Many people mistakenly purchase life insurance believing they only need enough for burial. When the idea of life insurance came about there was no such thing as funeral expenses. Life insurance was created as an income replacement in the event the husband died unexpectedly. The widow left behind doesn’t have to work and can still manage the household and child(ren) without becoming destitute.
How many of you have insurance on your electronic devices? Why do you insure objects? For those of you with some life insurance: are you fully covered or covered enough to get buried? Would you underinsure your home? Would you underinsure your car? Why would you feel ok with underinsuring your life with too little or no life insurance?
To find out more or to schedule a free consultation comment with your email address.
Good morning! Happy Friday! Happy end of summer (maybe)! Happy back to school! Happy end of August!
I haven’t been on in a while because I have been learning so much these past 8 weeks I am near bursting with wanting to share it all. I am looking to shift gears in my writing here so just stick with me. Financial discussions have always been touchy where I grew up. All of the adults around me kept their finances a secret because of the idea that everyone was out to steal from them. Maybe that was true, maybe it wasn’t. I didn’t grow up during their era. What I do know is that those beliefs created behaviors that essentially crippled the financial growth capabilities of the family for several generations.
What I am starting with this post is a forum for financial education awareness. In order for us to discover a solution for the poverty and poverty-influenced thinking in our communities we have to first acknowledge the poverty that exists. Next we have to honestly face and openly discuss why the poverty exists. What behaviors are we performing and accepting that contributes to our poverty-mindset?
What behaviors can we shed to make room for new financial beliefs and habits to create the financial future we want? For more information, comment below.