Now that I'm on the right path and getting my 'on the road' monies from work, I decided I want to do things the right way this time around. And my the right way, I mean make a budget - figure out my daily expenses and coordinate my monthly bills. Then factor in pulling some money out for 'entertainment'. This of course is in opposition to what I did when I first started working and making money. Which consisted of Champagne fueled rampages at black jack tables, followed by all night parties with girls named Destiny, Coco, Peaches and other things of that ilk. Then it turned into $500 nights on the town, once I started to 'settle down' with amor.
Then came the 'rough times'. Student loans kicked in and after I paid rent and my loans, I was going to have something in the vicinity of $4.73 to live off for the month. (Maybe I'm exaggerating, but this whole story is one giant hyperbole at this point.) So things slowed down. And boy are they right when they talked about the stress that not having money can put on a relationship. Me and Amor are not married, but spending 90% of your free moments together starts to turn into crossing the Atlantic on a dinghy with no erotica when you can't afford to go out, eat like royalty then drink the night away. So we had some ups and downs. And I in general felt like dog shit because I couldn't afford to take my woman out for a nice meal at a sensible price.
But now as previously stated, 'I'm paid, I'm paid, I'm got it made in the shade'. (Sorry I wasn't tryin to rub it in, I just wanted you guys to start thinking about Chappelle's Show.) So I have been thinking of - how do white people call it? - making my money work for me. Something like that. I want to take on a couple of investments. Yea, I have a lot of student loans, but I also have a good base salary and that road money is nice.
So I'm looking at having a surplus and I want to do the right thing with it. I intend to pay down the student loans significantly but I also wanna start having some holdings for the future. So I went to the bank yesterday and to speak to the money man. (Much to my chagrin - he wasn't wearing a green suit with diamond encrusted $'s on it. Then I remembered he was a financial planner, not a pimp.) So he's sitting going over my finances and we're talking about my expenditures. Then we start talking about investment opportunities ranging from savings accounts to stock ownership. And as he's going through the different levels, all I can think of is Wu Tang investments' motto - Diversify yo' bonds, nigga...
So thank you Dave Chappelle. If it weren't for you, this wanna be G would just have his cash in an envelope under the mattress. Now I know to put 20% into something liquid, 20% into something risky and the remaining 60% into some things with varying RORs. I spit 'ot fiyah!
Sunday, August 10, 2008
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