black people and money

Looking For a Great Investment? Start With You

Looking For a Great Investment? Start With You

By:  Dr. Carolyn Hall

Whether you an entrepreneur, looking for a new job, or simply wanting a better life, your first duty is to invest in yourself. YOU/YOUR IDEAS/BUSINESS/GOALS ARE STOCK. As with any stock, it takes time and research to be able to decipher a good investment from a bad one; you also need money to invest. You may be saying, “Dr. Hall, I don’t really have the money necessary to really invest in my business.” Others may be saying “it takes money to make money and I don’t have it.” Some may even be saying, “I would love to do something new or reinvent myself, but I don’t have time.” If you had any of those responses, I want you to hear me and hear me well: YOU HAVE TO FIND THE MONEY AND THE TIME TO INVEST IN YOUR PRODUCT/BUSINESS/IDEA/SELF IF YOU’RE EVER GOING TO MOVE BEYOND THE PLACE OF “JUST ENOUGH.” You know the place: you have just enough fuel to make it to the end of the week or just enough money to make it until next payday. Well, there is also a place called plenty, which requires a level of sacrifice, both personally and financially: “…whoever sows sparingly will reap sparingly, and whoever sows bountifully will reap bountifully” (2 Corinthians 9:6). Your time and your money are your seed and you will only get back what you are willing to put in.

If you’re still wrestling with the issue of money, take a look at these helpful investment tips.

Set aside a small portion of your paycheck for yourself and business: Stop thinking about how many bills you have and think about how much money you spend on things like coffee, fast food, or clothes that you never wear. Give up some of these extra, unnecessary things and you will probably find that you have a great deal of money to invest. But, don’t spend the money immediately.

Start a savings/business account: The additional money that you have found in #1, needs to go into your new account. Give yourself an allotted amount to be saved toward certain things that you may need for your business, such as copyrighting your idea, creating a website, buying product for your idea, etc. These are all apart of building and growing your investment.

READ MORE via Looking For a Great Investment? Start With You.



black people and money

FJT aims to be the information hub that empowers Black wealth creation. We are behind FJT's fresh & insightful content that helps you think, learn, laugh, and move towards action to create a stronger Black community.

More in black people and money

Grand hustler George Ray helps aspiring entrepreneurs turn their business dreams into reality

zacharySeptember 16, 2018

Cardi B’s dentist Dr. Catrise L. Austin helps masses craft winning smiles

zacharyAugust 15, 2018

Student loans are the new STDs

FJT StaffMay 6, 2018

Dr Boyce Watkins: Your kids are at risk of falling behind financially because of what they never taught you

FJT StaffApril 1, 2018

10 People who are banned from Wakanda for life

FJT StaffMarch 8, 2018

Wage Growth Proves To Stay Slow

sgreyMarch 5, 2018