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Last weekend, I made the trip from New Jersey to Harlem to attend the financial literacy workshop hosted by Rainbow PUSH Coalition and Chevrolet. It was held in Harlem and was well attended. I consider myself to be pretty financially savvy, but I still learned a lot. The workshop was very informative. Here are some of the takeaways I walked away with:
Write Down Your Goals
Personal finance expert and money therapist Dominique Broadway believes that writing down your goals dramatically increases your chances of achieving them. When you write down your goals, you can create a roadmap to help get you there. Actually committing your goals to paper increases the likelihood that you’ll be successful.
Don’t Close Those Credit Accounts
Speaker Bill Cheeks who is the President of ABBA Associates Inc. spoke about credit. He has an 850 credit score and dropped lots of knowledge on how to get there. One piece of advice he gave was to never close your credit accounts. This is because the age of a credit card account plays a huge factor in your credit score. Having a long, positive credit history helps to increase your credit score. Closing an older account can have a negative impact on your credit score.
Everyone Needs a Board of Directors.
Speaker Gail Perry-Mason who is Senior Director of Investments at Oppenheimer & Co., spoke about the importance of setting up your personal Board of Directors. These are people you can lean on to offer you advice, support and wisdom. A personal BOD is necessary because it’s hard to do everything on your own, but having good people around you who can support and advise you when you need it can lead you on your path to success.
Don’t Wait to File For Financial Aid for College
Speaker Jessica Brown who is a Financial Aid Counselor at Howard University reminded us that all financial aid rewarding for college is done on a first come, first served basis. If you procrastinate, you may not receive the aid you need. Therefore making sure you get your applications in on time is very important and can be the difference between getting the aid you need and attending the college of your choice, to not being able to attend at all because funds are no longer available.
Step Out of Your Comfort Zone
Valeisha Butterfield-Jones is the CEO of Women in Entertainment Empowerment Network (WEEN) and Head of Black Community Engagement at Google. She was very motivational. She spoke about getting out of your comfort zone and leveraging what you have so that you can know when to pivot before they pivot you. Doing this allows you to breakthrough the barriers but also sustain them.
Want more? You can catch the full live stream here. You can also still catch a live event.
The PUSH Money Matters Workshop will be headed to the following cities next:
Detroit, MI – October 1
Atlanta, GA – October 22
Washington D.C. – November 12
Oakland, CA – December 3
If you’re interested in registering for the Money Matters workshop in one of theses cities, please visit: https://goo.gl/b5q2zR
This is a sponsored conversation written by me on behalf of Chevy . The opinions and text are all mine.
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