If you are like most individuals accumulating wealth is important to you. Not because you want to be on the Forbes list or something of that nature. More so to have security for you, your family, and for generations to come. However, we all know that most people are spenders not savers. Earlier this year, I decided to join the savers. Last year, I did a plethora of work to get my finances on track but this year I really took it up a notch.
If you are person who grow up in home where money was not talked about and you were lost when you became adult here are some things I learned this year that has helped my personal and business life so much. Continue Reading →
We are all unique and different when it comes to so many aspects of our lives. In recent years, I have learned that financial education truly does differ. Not just simply based on race, but so many other factors play into how people treat money in their personal and business lives. In order for your business to thrive you need to understand how to manage your money in a way that works for you. What works for one might not always work for others. Continue Reading →
Being financially responsible is not just important for your personal life but it is extremely important for your business to stay out of the red. One of the things I repeat constantly over and over to clients at ICB Consults is all the money you make is not profit for you to spend on a new Michael Kors bag. Business does not work like that. Trust, I wish I could keep every penny I made, but that’s not the case. Continue Reading →
In the middle of the month or even towards the end do you feel like you are scraping by to make ends meet? Are you living paycheck to paycheck? You are not alone in this matter, millions of American’s are living just like you. However, you can change that by doing a couple of things. It is really simple to create and live on a budget but we make it hard on ourselves.
Our 5 Steps To Quit Your Job To Purse Your Dreams was a huge hit. In addition to that, it seems the 12-18 months of savings was a conversation starter for many of you. This is one of the most important parts of pursuing your dreams. Having this safety net is what is going to help you when tough times hit your business. Here are some simple ways to automate your personal savings so you can ensure you are creating an emergency fund for your leap to the entrepreneurial realm. Continue Reading →
There is something about walking into the bank and being greeted by my first name. There was a point in time I only received a Hello. No eye contact or anything just the standard hello welcome to bank of america. I never really thought nothing of this until I launched my business. When I first launched my business I was using Citibank to handle business and personal. They are amazing and truly taught me what it means for a banker to care. However since moving I switched banks because there are no Citi’s in my town. Continue Reading →
Nowadays people are so excited to launch their dream business that they forget one important aspect…establishing a budget. This is critical for creating a small business if you hope to turn it into a huge success. Most Americans do not live on a (or know how to) budget, so you can imagine it can be hard for some to create a budget for their soon-to-be business. However, here is an easy way for you to establish a budget for your business.
Earlier this year we started a payment gateway series to help you understand exactly how you can make money, accept money and much more. Really great series if you are just starting out in business. One of the things I would like to touch on today is the mobile payment gateway options you have to grow your business. Continue Reading →
Mo Money – mo problems. No, not really, but anytime I think about money management it is something that pops into my head. If you follow either of my businesses you know I have declared a war on my debt. I have joined the legions of Dave Ramsey fanatics serving Sallie Mae her eviction notice. I have written about my debt before on here.
For some reason people do not discuss debt, but we do however discuss the things that help us accumulate debt by the thousands. Seriously, long onto any social media network you will see people discussing Rockstars shoes, Celine bags and Prada dresses. Honestly, outside the rich kids of Instagram, do any of us have that much disposable income to live life like that at such a young age? Nope, keeping up with the Joneses is real. It’s actually one of my favorite movies too. Continue Reading →
Nice Girls Don’t Get Rich has been on my bookshelf for several years. Then, around May the get-your-finances-in-order-bug hit me. This book is a great read, but it is slightly outdated. In college, I used to be a big fan of Suze Orman and her show. Then she started selling prepaid debit cards that are not good. Finance has interested me in the past, but I have not made it my sole priority… and I have finally decided to get my act together. Continue Reading →
In all honesty, if a new small business owner says they have a grip on the cost of pricing or how much to charge for shipping they’re lying. I can tell you the truth: over the last four years pricing has been a constant struggle for me. Especially since I run a niche business aside my peers who sell wholesale items or design their own crafts. At this moment, I am having a little bit of clarity. I thought I’d share some thoughts with you about how I price my items, and what works for me. (This will be lengthy). But wait, there’s more!