WE ARE STATURE.

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Stature is a lifestyle brand dedicated to the interest of black men.

Brand & Web Design by Britney Jeanine & Co.

#NegusInParis But Really In Debt

Updated: Jan 6, 2019



I’ll speak for the entire Stature team when I say we’re all about this millennial travel wave. Let’s be real clear about that. Yet travel trends can be awesome and detrimental at the same time. Once things become “trendy” or “popular” there lies this unspoken pressure beneath the surface. Social media is primarily responsible for both. Hash tags move in mysterious ways. While it creates instant access to a subculture within the social media platform, hashtags also subconsciously burden individuals who rest in this false digital reality.

The living reality is that we’re booking flights, reserving these lavish Airbnbs and charging it to the game; but so many of us are losing!

Why not work towards positioning yourself to be on the other end of the Airbnb account as the one hosting? Why not book these trips with cash that is actually in the bank? The day for borrowing is over unless it’s a strategic plan of action where a calculated return is in place. Let’s ask more questions this year. Let’s get educated and do better!

With that said, I promise I’ll try not to bore you with monotonous jargon on financial literacy. I just want to jot down a few fiscally responsible items to consider while you keep up with these travel pics & hashtags:

#HowtoWin in Real Life

  • Live below your means Allocate your needs and wants on a consistent basis. STRATEGIZE then MANAGE YOUR MONEY.

  • Learn to properly budget Easier said than executed. Start with getting organized. Learn and study your spending trends. Remember, there are no shortcuts in sacrifice and discipline.

  • Save your money Put aside a minimum of 10% of your earnings. Strive for 25% or more once debt is paid off. It’s always helpful to compartmentalize these funds either in a separate account or banking institution altogether. Out of sight, out of mind!

  • Invest your earnings Compound your funds in a place that isn’t so tangible for short-term use. There are multiple opportunities out there whether it is in real estate or stocks that yield long-term returns. Learn from experts who have experienced the success of investing.

  • Avoid unhealthy debt We live in a pro-debt society where currency is digitized making it far too convenient to acquire more and more debt. Debt can and usually is a double-edged sword. Less is more! The less money you owe, the more money you have. More is also less! The more you pay in interest, the less you have to add to growing in your own wealth.

  • Establish & maintain great credit Pay everything ON TIME. Avoid opening multiple credit cards. It’s great to have a single line of credit with low interest rates to demonstrate stable payment patterns over time. Maintain a consistent debt-to-credit ratio below 30% for that particular credit card.

  • Donate a 10% portion of your monthly income into a nonprofit institution It’s just the right thing to do. That portion will make its way back home in more ways than one either during tax time or simply in the form of good Karma.

  • Master what you love and monetize on it Do your research and take that leap of faith!

IF YOU’RE READING THIS, IT’S NOT TOO LATE

Forget what Drake was talking about. That’s old blues and it’s a new year. Let’s win in real life. Travel responsibly ladies and gents! #travelwithstature

#travel #finance #Howtowin #travelwithstature #NegusInParis

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