Remember book reports when we were in school? For some they were a dreaded terrible thing, for others they were fun ways to recall your favorite book and an easy format to tell someone what the book was about. I've decided to post some reports of books I've read recently; let's jump right in.
I also wrote and published 5 books you can check them out here: https://www.lulu.com/search?sortBy=RELEVANCE&page=1&q=Jodie+Spartz&pageSize=10&adult_audience_rating=00
I don't exactly remember where I got this book from. It was probably one of those little community book stands. I don't have much to say about where it came from, so let's get into it.
Author: Glinda Bridgforth and Gail Perry-Mason
Title: Girl, Make Your Money Grow!
Main Characters: Glinda and Gail pretty much lead the book and told other people's testimonies along the way.
Setting: It could be anywhere you are. It was almost like being in a group setting or a classroom setting.
Plot: This book was surprisingly about investing. It broke down investing in a way that anyone could understand it.
Personal Endorsement: I wasn't very versed on investing before reading this book. After reading this book I can understand investing a lot better. Remembering this book was written in 2003 so many of the companies that are highlighted aren't in business anymore. I will share with you some of the things that stood out to me.
- If we are lacking in self-love, we may try to mask our feelings of inadequacy by overspending on clothes, jewelry, or cars as if to prove that we are prosperous and successful. (I have definitely been guilty of this. Now I understand that I must cope with life in more healthier ways.)
- She was not alone in her dysfunctional spending and would hear the continually reinforced message that financial sobriety was possible. ( That's crazy that finances have a sobriety. Recovery comes in all shapes and forms!)
- In fact, according to one study, 24 percent of African Americans feel that investing is too risky, as compared to only 14 percent among whites. (I can understand that we are not interested in losing money! I am not even a good gambler so why would I be good at investing. Is a thought I would've had before reading this book.)
- Webster's dictionary defines invest as "to put money into something, as stocks or property, in order to obtain profit or interest."
- Start slow (small investments), get the feel of it (monitor performance), then shift to the next gear (add more stocks), gather speed (increase investment dollars), and ultimately get in fifth gear and cruse down the highway of financial freedom!
- Getting by with a job means you are your only income-producing asset-and for many of us, JOB stands for "Just over broke". ( I always believed that there needs to be more than one income source coming from any one person.)
- I forgive myself for all the choices made, in the past, that have delayed me from manifesting my prosperous life. ( I have to, because if I don't I will beat myself up for the past and stand in my own way to at least a healed future.)
- Over time investing allows you to stop working for your rent or mortgage, stop working for your car payments, and stop working for your utility bills, so you can start working for yourself. (This sounds exciting to me!)
- The S&P 500 is the broadest measure of corporate America's stocks, as it measures how 500 American companies are doing in the market.
- Collecting dividends, which are bonuses paid from stock's profit, or selling the stock and taking a profit.
- When prices are down, that's an opportunity to buy companies you previously may not have been able to afford.
- The key to investing is to be patient and consistent. (Like most things in life.)
- Even if you can only start small, you should go ahead and start anyway. (This applies to most things in life as well.) I don't think I have 40 years left lol I'll be a 80 something year old millionaire, I guess I would leave it to my family if they deserved it!)
- The stock market is simply the place where people buy and sell their ownership in companies.
- When prices move upward, they create what's properly known as a bull market; when they decline, it's called a bear market.
- When you buy a company's stock, you become a part owner, or shareholder. When a company pays out a portion of it's profits to it's shareholders, the amount paid is called a dividend. A stock that pays a dividend is called an income stock. A stock that reinvests its profit back into the growth of the company is called growth stock.
- Closing prices-that is, the amount of money one share of the stock was worth at the markets' close the previous day.
- With the Wall Street Journal, you can learn the highest closing price of any company in the past year.
- Each time you buy a product, you are stating your opinion that the product is a good one and you are making the share value of the company go up.
- Faith can empower you to move into what may be an unfamiliar world of finances and numbers and give you the confidence to go forward.
- If you can't make your bills, you really can't afford to start channeling cash into the stock market; you need to clear the deck to free up your money.
- Today we are actually grateful for our painful experiences, because they helped us understand the lives and circumstances of many of the wonderful sisters with whom we work.
- Debtors Anonymous, is a powerful 12step program. With meetings held several times a day in cities across the US. www.debtorsanonymous.org or call the national office of Debtors Anonymous at (718)453-2743 ( I had no clue this existed)
- The word DESERVE is key here: When you start feeling that you deserve what you want, you'll be able to attain it. (Feeling worthless works against you in a very disastrous way.)
- Strive for progress, not perfection. (striving for perfection will take you under.)
- What makes it "good" debt is the idea that if need be, you can sell the house, car, boat, or business to pay off the loan. Or you can simply forfeit the collateral and have no further obligation.
- Unsecured debt might be considered "bad debt", because it refers to cash borrowed, credit extended, and services received where nothing is provided to support the loan.
- Any debt that causes you to live beyond your means and sacrifice attainment of your dreams and goals is a bad debt.
- Some actions that you might consider to pay off your debts are the following: Consolidate your loans, Pay off high-interest credit cards first, Double up your payments, Contact a consumer credit counselor, obtain a home equity loan, Refinance your first mortgage, Seek out lower interest rates, Make Settlement offers to creditors, File for bankruptcy or Use a debit or credit check card. (The book breaks down each one and how to go about it.)
- You can always draw upon your own talents and enthusiasm to generate money, even if you already have a full-time job. (That's exactly what I'm doing)
- This is how it feels when you have sex without love and commitment. It's like handing over your heart to someone else, letting them tear up your life and future until there's little left. (Guilty, Guilty, Guilty)
- When you want something bad enough, you do what's necessary! (Agreed)
- If you could pick a future for yourself, what would it be? What matters to you most? (I had a hard time visualizing this because I lost the thing that mattered to me the most by trusting the wrong people).
- Glinda's mission statement: I choose to live a life filled with love, laughter, and Joy. ( she wrote in the book what she needed to do to achieve this.)
- Remember that it's not selfish to focus on your own needs as we develop productive personal and professional lives. ( That's exactly what I'm doing now.)
- It's easy to get distracted, then derailed, by the activities and complications of daily life. The solution is to keep focusing on the small steps.
- As long as you stay in touch with your dreams, updating as necessary, your focus, plans and baby steps will not be wasted. Everything will evolve and work together to take you along a path that, ultimately, will coincide with what your heart really wants. (I know that this is true for me.)
- Get your insurance and then retirement together, before investing in property and stocks and bonds.
- Remind yourself that you're dealing with this issue now because it's the right time on your particular journey. ( Whatever the issue is for you.)
- Are you planting seeds today to support yourself at the ripe age of eighty-three? (Yes I am)
- Here are four good economic reasons why you should purchase your own home: Tax Deduction, Budget Stability, Appreciation, Investment Leverage.
- When Moving forward to Homeownership: Pick an agent, Start looking for the perfect property, Make offer, Once your offer is accepted, order the appraisal, Get final loan approval, Sign loan documents, receive settlement statement, loan closing.
- Learn to be happy if you make a decent profit or if you lose only a little, and don't berate yourself for decisions that in hindsight, could have been better. (I am working on this in different aspects of my life.)
If you would like to purchase this book go to: https://www.amazon.com/Girl-Make-Your-Money-Grow/dp/0767914260
I also wrote and published 5 books you can check them out here: https://www.lulu.com/search?sortBy=RELEVANCE&page=1&q=Jodie+Spartz&pageSize=10&adult_audience_rating=00
-Photo by Jodie Spartz
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