buildyourlegacy.nyc, Brooklyn, NY (2026)

08/09/2021

President Biden is extending the pause on federal student loan payments until January 31, 2022.

The Department of Education said this is the definitive end date for the freeze.

Sooner or later, your monthly payments will start again and it’s better to take this time to prepare for payments to resume.

If your student loan payments are high compared to your income, you may want to repay your loans under an income-driven repayment plan. Those plans are usually no more than 10% of your discretionary income.

07/22/2021

The woman I am building my legacy with.

During our 11 years of marriage, we have made lots of budgets and had so many money meetings.

But over the past year, we have been working on our Edney Family Financial Values. When it comes to money, who do we want to become as a family?

It's a work in progress but words like: generous, prepared, aware, and faithful are some ways we want to be known as a family.

I'm grateful for my wife and the journey we're on together.

How about you... any words that would describe how you want to be known financially?

07/05/2021

Saving money is not bad advice. It's just the only advice I ever received. I was told investing was for "people on Wall street."

But here's the thing: Savings rates are lower than inflation rates. Over time, the money in your savings account, will lose its purchasing power.

Investing is not about getting rich quick. Investing is intended to increase your future lifestyle, where your returns outpace inflation.

My advice: Invest in low-cost index funds.

Want to talk about how to start doing this? Inbox me!

07/03/2021

I started my financial planning business in December and I have launched four different financial services. It's been incredible creating this business and expanding what I do.

But more than WHAT I do, I want to tell you WHY I do it.

First, it's because I enjoy helping people.

Secondly, it's because I want folks to have generational impact. To build a legacy that will last.

Financial planning is more than creating a budget that pays your debt. It's creating a vision for your future and creating wealth for your loved ones.

A legacy can be property and cash. Tangible assets to prepare you for retirement and that can be passed down to your loved ones.

A legacy can be behaviors and philosophies. Changing the financial narrative of your family.

A question I ask my clients is, "What do you want your financial legacy to be?" It's exciting hearing them explain it and then helping them create a plan to build that legacy.

06/15/2021

We know we need a good credit score but how is it calculated?

I'm fielding questions about credit. What questions do you have?

06/01/2021

Your financial success is determined by making multiple good decisions, (month after month), rather than depending upon a few long shots.

What are those base hits?
🔹Creating clear financial goals with target lines (how much?) and timelines (by when?)
🔹Creating a plan for next month's income
🔹Prioritize your money: Give, Save, Live
🔹Say NO to new debt
🔹Live below your means and invest the rest

When you try to hit the home run ("get rich quick", "high growth in risky investments", "flipping stocks") you run the risk of striking out.

Proverbs 13:11 :: "Wealth gained hastily will dwindle, but whoever gathers little by little will increase it."

05/28/2021

I started my financial planning business in December and I have launched four different financial services. It's been incredible creating this business and expanding what I do.

But more than WHAT I do, I want to tell you WHY I do it.

First, it's about helping people.

Secondly, it's because everyone has bills. Yes, I help people with their finances because we all have bills.

Well, that's obvious but why is that my WHY?

Because I've sat with people who stopped opening their bills because it was too much emotionally. Or folks who overdraft because they mismanage their money and now they cannot pay today's bills. (None of those people are pictured here 😂)

But... today's bills are going unpaid.

A good financial plan should provide immediate relief, like going to the Emergency Room. We have to stop the bleeding. And it will not feel restrictive -- it will feel freeing to create a plan that puts you in control of your money, rather than your money controlling you.

In my experience, most people do not know their total debt amount. The truth is too painful so they ignore it. And rarely does someone know their debt payoff date. But the power comes in acknowledging the amount and creating a timeline to pay it off. I can help you with that.

Helping people create a plan that pays today's bills. This is what I enjoy.

05/24/2021

Investing has become a buzzword.

"I'm investing in my 401k."
"I want to invest in crypto."
"I invested in a pair of noise-cancelling headphones."

in•vest (verb): allocating money with the expectation of that money generating money.

Some things are investments. Some things are expenses.

Here are some tips to consider when investing.

05/01/2021

A prescription are written instructions for how you want to spend your money (10% giving, 15% savings, etc...).

A description is a written account of how your money was actually spent (10% giving, 10% savings, etc...).

With a prescription, you are operating with direction and instructions.

With a description, you know when you're winning and losing.

Both are needed but they are not easy to create. Let me know if you need help installing these for you.

04/28/2021

I started my financial planning business in December and I have launched four different financial services. It's been incredible creating this business and expanding what I do.

But more than WHAT I do, I want to tell you WHY I do it.

Everything I do is devoted to one idea: Helping People. I do financial planning but it's about helping people.

I believe people want to grow. People want to change. People want to make progress. But how are you expected to grow/change/make progress in your finances? You probably have to figure it out yourself because you were taught everything BUT financial literacy in high school. There are financial practices, strategies, and tools that people need.

Also, some people have to figure it out because they do not want to copy the financial practices they saw growing up. Their financial childhood was stressed, anxious, or lacked security.

A lack of financial INFORMATION and a lack of financial IMITATION leads to a lack of financial INNOVATION.

Folks just need help. They have goals, dreams, and visions for their financial future. They just need some help creating a plan and thinking through how to accomplish that future. That is what I enjoy.

04/17/2021

It's hard to get excited when thinking about insurance. It's even harder when you have to think about switching insurance companies.

But, you are most likely paying too much for your car insurance. You are overpaying for your coverage.

Maybe I'm wrong. But it's worth getting a quote to see.

Disclaimer: I am not affiliated with TheZebra. I will not make any commissions from you. Someone recommended it to me. I have researched their company and found it trustworthy. Also, I don't like spam.

buildyourlegacy.nyc

08/09/2021

07/22/2021

07/05/2021

07/03/2021

06/15/2021

06/01/2021

05/28/2021

05/24/2021

05/01/2021

04/28/2021

04/17/2021

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