Financial Literacy Archives

8 Reasons Why Life Insurance is a MUST!

2 Comments / Family Balance Sheet, Financial Literacy, Investing in Yourself, Strategic Financial Planning / C. Alex Thomas

So, life insurance is for old people, right? Yea, I kind of thought the same thing too until I did some research on life insurance. Life insurance is a contract between the policyholder and the insurer. The insured agrees to pay a premium to the insurer/carrier in exchange for a sum of money sent to their beneficiary when the insured dies. Life insurance can be helpful in case of the death of a spouse, child, or family member. Here are 8 reasons why life insurance is a must.

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3 Life Insurance policies and how they can help us!

2 Comments / Family Balance Sheet, Financial Literacy, Investing in Yourself, Strategic Financial Planning / C. Alex Thomas

Life insurance is a great way to protect your family in the event of a death. We have all seen the commercials on TV, but sometimes it doesn’t seem like it would benefit us at the time. Some may feel that life insurance is just for the elderly. That’s not true, life insurance premiums are cheaper when you’re younger and get more expensive as you age. Also, health conditions play a key part in the cost as well. I have seen many circumstances where someone’s family member dies, and the loved ones of the deceased have to start a GoFundMe or other types of fundraisers just to pay for the funeral and related expenses. That influenced my decision to get a policy for myself to protect my family if I were to die unexpectedly.

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5+ Things to know when visiting Jamaica for the first time

Leave a Comment / Cities to Vacation, Doing What You Love, Travel / C. Alex Thomas

Visiting Jamaica was an interesting experience for me because my wife has family in Jamaica. I was raised in the Caribbean, so I had an understanding of the cuisine, fruits, country, and the language. Now, as far as the language in Jamaica the dialect is Patios (Pat-wa), which can be difficult to understand for those unfamiliar with Caribbean accents. There are a few things I would like to share with you if you are interested in visiting Jamaica!

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Here are a few things to try and be aware of in Las Vegas

Leave a Comment / Cities to Vacation, Doing What You Love, Travel / C. Alex Thomas

As long as I can remember, I would always see the commercials on TV about Las Vegas and have always wanted to see the city for myself. I love architecture and witnessing someone’s architectural vision come to life. When I was on my way to Las Vegas, I must say, I was very excited. To this day, I remember getting to “paradise” and my jaw dropped. It was so beautiful, and the people were really nice. So, I’ve come up with a list of some things to try and be aware of!

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7+ Things to expect when visiting New Orleans during New Years Eve!

Leave a Comment / Cities to Vacation, Doing What You Love, Travel / C. Alex Thomas

New Orleans is one of my favorite cities in the U.S. The city is full of culture and there’s a lot to do in town. My first time visiting New Orleans, my wife and some friends went to spend New Year’s Eve. It was a 4:45 hour drive from the panhandle of Florida. When we got to the city it… was… COLDDDDDDDDD. We were dressed and prepared for chilly weather, but it was colder than we expected. It was so cold outside that my fully charged phone died in 3 minutes. Besides the cold weather, here are 7 things to expect when visiting New Orleans during New Years Eve. Please feel free to share and subscribe!

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7 Reasons We Should Start to Budget

Leave a Comment / Family Balance Sheet, Financial Literacy, Investing in Yourself, Strategic Financial Planning / C. Alex Thomas

We are all looking for ways to get in control of our finances. There are many ways we can start. One of the first steps we can take is by budgeting. Budgeting is not just for Mom and Dad! Budgeting is a way for us to organize how we are spending and not be surprised by costs and waking up to overdrafted bank accounts. I’m sure there are more than seven reasons but these are my seven 🙂 and I will like to hear some of your reasons in the comments below. Enjoy!

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man using turned on macbook pro on white printer papers

Ownership: Where do we even start?

Leave a Comment / Financial Literacy, Investing in Yourself, Personal Growth, Strategic Financial Planning / C. Alex Thomas

In my opinion, one of the topics that is discussed the most among entrepreneurs is ownership. Most entrepreneurs have found their niche and are discovering new ways to gain access to ownership and build wealth. I have learned that wealth is much different from being rich. For most of my life I thought rich and wealthy were the same thing. Well, I was wrong. I remember hearing someone put it this way; “most of the time the wealthy are the ones that are signing the checks of the rich.” Part of building wealth includes creating a money-making engine that doesn’t require hours of your time to operate. After years of that “money making” engine working, you are able to use that money and make even more money by compounding it year after year.

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New to Blogging? Don’t Give Up!

Leave a Comment / Blogging, Doing What You Love, Investing in Yourself, Remote Work, Scalable Side Hustles, Writing / C. Alex Thomas

Blogging is a lot of fun and can be very rewarding, but if you’re new to the blogging world and you’ve been watching videos and reading books, you’re probably starting to get exhausted by all of the tasks that you need to get done. I must admit, I don’t have any friends or relatives that blog. I am new to blogging and have learned many of the things I now know through research, reading relevant books, and taking courses. Here are some common things that can make some bloggers give up on blogging shortly after starting.

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6 Debt Traps to Avoid

4 Comments / Financial Literacy, Paying Down Debt / C. Alex Thomas

Debt is becoming a huge problem not only for the nation but also for young adults. According to The Pew Research Center, Americans owe over $1.3 trillion in student loan debt. That report came out in March of 2019 and I’m sure now that we are in 2021 that debt has increased. Most families rely on the government to help pay for their college degree, but the cost of college degrees are going up and so is the related debt. Student loans aren’t the only debt that’s affecting our generation.

Other debt traps include not understanding how a mortgage loan or credit cards work. These issues affect most communities but are DEVASTATING to the black and brown communities. Most of us have discussions about building wealth and ownership in our communities, but building wealth becomes very complex when you are buried in $300,000 worth of debt. Can we break free from the debt traps devastating our generation? I believe we can if we begin to understand the “true cost” of borrowing.

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Writing a book? Here are some tips to help you!

Leave a Comment / Authorship, Doing What You Love, Investing in Yourself, Remote Work, Scalable Side Hustles, Writing / C. Alex Thomas

Writing a book can seem very difficult if you aren’t familiar with the process. Now I must admit, there are some tedious steps involved in writing a book, but it’s not anything to pull your hair out over. I remember when I first thought about writing a book. It was in March or April of 2016. I started off by researching what I needed to do. In that research I came across a few articles stating “Writing a book was a waste of time.” I read the articles and it instilled a lot of doubt. From that point I struggled with starting to write my book. I would begin to write and then think that it wasn’t good enough and ended up starting over and over and over again. Eventually, I began to get frustrated and I gave up completely. I didn’t believe in my writing and I wasn’t disciplined enough to keep at it. Have you experienced this before? If so, you are not alone. Well, it is now 2021 and I am happy to report that I am in the editing phase of my novel. Here are some tips that can help you get started and keep going with writing a book.

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