Crash Course of Economics 101


Crash Course of Economics 101


Crash Course of Economics 101

Economics is the study of PEOPLE, and choices. Much like sociology, except it focuses on the ordinary business of life!

Therefore, economics is the study of wealth, but more so a bigger study of man.

Economics has been taught boring and dull to those who are not interested in economics.

BTW, I failed an economics class in college (failing to me is a “C”) and all I can say was the teacher was excited and knew his stuff, but a great teacher engages, he just doesn’t teach with passion and enthusiasm.

He must engage! He has to get the least interested person engaged and able to grasp the info. I hope this crash course helps you understand economic a bit better.

Leave a comment if you feel you have a better grasp of the concept of economics

How do you think ECONOMICS will help change some of the things you do in life everyday?!

Read on How to Overcome Obstacles

#duedaniels #obtainwisecounsel

What Does “Financial Security” Mean to You?


 What Does “Financial Security” Mean to You?

 What Does “Financial Security” Mean to You?

We have lost sight of very simple things in life. Investing is one of them. I’ll tell you what happened…

A group of people, often very greedy, realized how simple and easy things are with money and they complex these things a bit to make others feel like it is too complicated.

I want you to become someone who learns the art of slow motion or breaking things down into smaller chunks. The reality is investing is very simple.

It is basically about you disciplining yourself to put your money to work for you over time. The longer you make your money work in an investment vehicle, the more time it has to mature and grow.

The key is to know what you are growing your investments for. Understand the purpose of your investment, choose the risk level you’re comfortable with and let the dog-gone dollar go to work. That sounds simple right?

Well leave it at that level and when advisors or financial gurus speed it up and complicate you, just tell them to slow it down for you or break it into a smaller chuck you can digest (understand). It is your money after all.

It is vital to have financial security, and to invest well, you must know yourself really well.

Of course if you need help with this, we aren’t financial advisors, but we can point you in the right direction, feel free to contact us!

Recent Stuff in our Personal Relationships Category

#duedaniels #obtainwisecounsel


Not Making Your Money Automatic is a Mistake


Not Making Your Money Automatic is a Mistake

Most people are not use to putting things on automatic. The moment you earn money, you need to put that money automatically in different account categories. Bestselling author and financial advisor David Bach teaches the worst mistake people make financially.

Of course if you need more detail on this, feel free to contact us and leave a comment on what you think about the video!

20 Habits the Happy Successful Do

#duedaniels #obtainwisecounsel

Not Making Your Money Automatic is a Mistake

How Much Do You Need

Welcome Financial Tips from Fats529


Welcome Fats529 is a website all about helping people realize or become aware of better living practices. We like to focus on health and wellness, personal development, spirituality, and personal freedom through scaled and leveraged business (multiple streams of income), and personal finances.

Finances is not my strong point, to be honest. But through being around people who are really good in financial matters, from basic to even more complicated things, I’ve become much better. 
One of which people I surround myself with has decided to share her knowledge with us as a contributing author on the subject, and we ( are so thrilled to have her knowledge join us.
She will be writing on personal finances and family matters, as she is also a mother of four, husband of one, and holds an elaborate and demanding professional career. 
Readers help me welcome Fats Juba aka fats529 (cool name right) and I hope you all look at what she’ll be sharing. I promise it will be very helpful and benefiting to you, not to mention entertaining.
Due Daniels

Take a Breath, Time to Budget



Now that you’ve had a chance to look at how much you truly owe, you may need a second to catch your breath. I know I did. I think I needed a few days to really analyze the gravity of my situation and come to grips with the poor decision making that led me to this point.  I wondered if any efforts at this point would be futile. Even if you could crawl under a rock, the debt would still be waiting for you when you came out for air.

Time to deal with it head on!

So, where do you go from here? Time to create a budget!


Yes, the dreaded B word.  As with many of the steps that we explore, I’m going require that you change your mind frame. Think of a budget as you telling your money where to go, so that you don’t have to looking up and wonder where it went.

I will provide a quick and easy outline of a basic budget sheet. I don’t care if you use mine, but if you want to reach you goals, you need to use one! Tweak the one I’m proving so that it fits your life or create your own from scratch–either way, you cannot move forward without it.


Income Expenses
Monthly Gross Earnings Housing
Subtract 28% for average withholdings Utilities
Monthly net income Medical Insurance
Student Loans
Monthly net income Transportation Expenses
Subtract monthly expenses Grocery Items
Results Should be zero!!* Emergency Savings Goal is $1000
Child Care
Debt Repayment
Car Debt/Gas

*why zero? because you should have assigned each and every dollar a home under the expense column. Tell you money where to go! You are in control!!
Emergency fund: $1000 for annual income greater than 20K—-$500 for annual income under 20K.



follow me on twitter and look out for more financial tips and articles  (fats529)

First steps to Financial Freedom

First steps to Financial Freedom


“Where do I start…What do I do first?”

Well, the first step is recognition that there is a problem.  I know that sounds like the opening speech in some AA intervention group, but it’s the truth.  You have to think of the process that has gotten you to this point as an unhealthy addiction to stuff that you most likely don’t need, and in most cases don’t even want.

So now, facing the debt head on.  You need to know what you owe and to whom it’s owed.


I don’t care how you do it, spreadsheet, word doc, on a napkin, whatever–you need to write down each and every debt you have, and how much you owe.  Are you current? what are the minimal payments on each debt? Is anything in collections? (we’ll deal with those collection debts in a later post).

Next, how much do you make monthly?  What do you net monthly?  It’s important to know how much you truly have to work with after taxes, insurance, and what ever else comes out of your paycheck before you get your hands on it.


So, those are your first steps.  You need to figure out what you owe and what you make.

Take care of those two items and lets move forward on a plan…

We’ll see you on the next steps, stay tuned and share this with a financial workout buddy to really help your experience.



follow me on twitter and look out for more financial tips article coming from me (fats529)

Your Financial Wake up Call

Your Financial Wake up Call

What will be your wake up call….will you answer?


That ferris wheel of frustration that you just can’t seem to get out of.

Friday comes along, before you can even see the money, all your creditors already have their hand out ready to take their cut. Before you know it, it’s monday morning, and you’re waiting for your next check.  This was my life, and I hated it.

My husband and I sat down after a nice long argument relating to our finances and really took a look at our debts.  Before sitting down the line that we said the most often was  “there’s no reason we’re making so much money and be this stressed out about money”.

After listing all of our debts, we knew why.  We were spend far beyond our means.

Like many of us, we look at something that we wanted and said “we can afford the payments on that”.  It was that simple.

We had to change the way we were thinking about money.


@fats529 follow me on twitter and look out for more financial tips article coming from me (fats529)