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Personal Finances

Emergency Funds



No matter how much strong financial preparation we put in, life is unpredictable.

The reality is that unforeseen fiscal scenarios are always around the corner. This revelation should be sufficient to help you see that you need an emergency fund. Depending on the size of your crisis fund, you could supplement your own income if something happens to your ability to work. Additionally, a crisis fund might help you pay for repairs, or assist you with other issues which may arise. A large enough crisis fund can serve as your safety net. It is not meant to offer complete coverage, but to hold you over for a while, and help you to avoid financial ruin.

Many individuals wonder just how much they must have in emergency savings. It really depends on your personal situation, and how much you can set aside for the future. It is suggested that you save to 6 months of expenses to build a basic fund. This will help you live on the money for a few months while trying you get more income, it will also readily cover emergency expenses without tapping your main budget.

Nevertheless, now some are saying that six to 9 months of expenses or twelve months of expenditures is a better choice. Following the most recent recession, it became apparent that some jobs might be replaced in only 3 months. What you decide is your choice. To figure out how much you’d like to set aside on your crisis fund, add up your monthly expenditures. Ensure you include your housing and utility payments, as well as your debt payments. Use your previous two or 3 months expenses as a guide to estimate what you spend on groceries. Bank statements and personal finance applications may help you estimate your monthly expenses.

Then, multiply that number by the number of months you want on your emergency fund. Nevertheless, you don’t need to have the money for your crisis fund all at once. You can start small, open a high yield savings accounts with all the money you can spare to start your savings effort. Then go through your expenditures and decide how much you can set aside monthly until your emergency fund goals are met. Even when you don’t have the full amount of cash at once, some savings are better than none, and you will work up to your goal.

You could also use automatic savings to aid with your goal. Keep in mind your crisis fund should be relatively liquid and available. While you may get higher returns on other products, the simple fact remains that a high yield savings account is easier to tap than an investment accounts when an emergency strikes.


Omniloquent was brought to you by @yallapapi. This article was written by @masterroshi and edited by @flashfiction.

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Personal Finances

Maybe your relationship with money can be fixed with therapy?




financial therapist

Some of us struggle so much with money that we feel like its a crazy spouse out to take half or all our sh!t. It’s well know that Money can cause people to act illogically. Problems with ones finances can even complicate existing psychological issues in our lives. It was recently found that many nearly half of couples say money problems led to their divorce. Don’t worry though your rocky financial relationship could be mended by a financial psycologist.

Financial psychology is helping bring together the concepts of your financial advisor and psychologist.

What does a financial therapist do?

A financial therapist is a psychologist that understands how psychological factors influence our interactions with money.They must understand finances and still do their part as psychologists. They must be versatile with their role, as each individual client is different. Some patients seek to address underlying psychological problems holding them back, while others must adjust the relationships they have with money, to dispel the built up adverse effects on their mental health.

Why you might go to financial therapist

Money is a huge source of angst and stress for people, that frustration and stress breeds others issues which can be detrimental to your wellbeing.Money, is often the main motivato behind people getting divorced or having marital issues, not to mention three quarters of Americans say money is the main source of stress in their lives. mix that with social media and you have distorted beliefs and destructive behavior patterns, which can negatively impact our pscological well being.

Financial therapy is for folks who deal with serious money issues such as:

Compulsive buying
Excessive risk aversion (refusing to spend money)
Hoarding (spending on things you don’t need, mostly)

Do you need financial therapy?

Only you can truly decide if you need help with your personal finances, I suggest you look at your financial behavior. If you’re compulsivly making bad financial choices, like taking payday loans every time you get a chance or cooking in the dishawsher to save on the gas bill, you may be a good candidate.
Another reason to get help is if you’re experiencing paralyzing stress or preoccupation with your financial situation, you may need a therapist.

If you simply don’t understanding how your money or budget is handled maybe you just need a financial advisor and some more research. Therapy is expensive especailly if it is in the finance niche so i would recommend only going if you have tried everything else on the free and affordable list. If you do really have a problem though then by all means grab you a financail therapist and get you Zen on!

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Investing / Trading

Dividend earners for the long term portfolio





Making Money Is The Point!

Some dividend stocks have quite appealing yields, but usually at a price. Looking at the classic dividend paying stocks we can see a pretty weak outlook from an investing perspective. Oil giant Exxon Mobil (NYSE:XOM) has been rated as a Hold by analysts so it may not be a good time to buy. Dividend oldheads General Electric (NYSE:GE) and Procter & Gamble (NYSE:PG) are also experiencing less than favorable share prices. If you are going down the dividend route, it makes sense to find stocks that are also performing well. Performance is a key indicator of growth regardless of the dividend yield. Why buy a dividend stock that is fallin? t makes no sense. Buying well performing assets wil allow you some flexibility to make sales when a profitable move occurs. This means you can cash in sooner and avoid potential loosses from a bad stock pick.

Lets take a look at some of the Dividend stocks that are likely to provide you with consistent year over year growth along with dividends.


The Boeing Company AKA Boeing, is a top aerospace corporation, which mainly manufactures commercial jetliners as well as numerous defense and space contracts around the world. With Boeings solid history of growth and the prospect of continued growth in its main sectors of defense and aerospace technology Boeing is a Divident stock that is sure to grow while you hold it.

Boein is currently up 49% since this time in 2017, that beats most indexes growth margins by a huge percentage! in todays world COmpanies like Boeing benefit greatly from their connections with governments and militaries around the world. If you are interested in a stable, value stock with growth potential and dividends then Boeing is your First choice. It is a litte pricey at $348.30 per share but you can buy partial shares over on the Stash app or maybe invest in an ETF with exposure to the defense sector.

Boeings dividend is: 1.93%


Stepping away from the defense industry my next pecommendation is a household name that we all have been influenced by. The Walt Disney Company, is a international diverse entertainment and media corporation. It focuses on Media Networks, Parks & Resorts, Studio Entertainment and Consumer Products. This stock is afavorite because of all the big moves happening within the corporation, the most popular of which is Disneys purchase of 90% of 20th century Fox’s assets including parts of the Marvel Cinematic Universe. Even with the recent Starwars controversy Disney has proven that it can acquire and produce some of the worlds best content.

Adding Disney to your portfolio last year would have earned you a modest 7% return but the future potential of this company is boundless. Currently Disney shares rest at around $114, but may soon pump up after its coming earning call on August, 7th 2018. Analysts are optimistic about this stocks future with 48% rating it as a buy and another 48% rating it as a hold. Disney being one of the worlds largest entertainment corporations means that its stock is likely to continue to grow and you get a sweet dividend to boot!

Disney’s dividend is: 1.58%

Investco S&P 500 Low Volatility ETF

ETF’s are the current dividend champs as far as being able to find a balance between performance and price. SPLV is the ticker symbol for Investco which tracks the movement of the S&P 500 in a low volatility portfolio. Currently SPLV is up about 10% since this time in 2017, moving through $49 as the market rises this week. This stock is a great buy for the budget investor, because of its longterm growth potential.

SPLV has a dividend of: 2.41%

Earnings are the point

Making returns on your investment is the whole point ofdividend investing, Some folks might tell you its cool to grab those underperformers while they are falling. Thats not my advice, I say if its a short term (1 week-1 month) dip then by all means buy the dip, but when it is a prolonged short like GE I suggest avoiding until the fundamental issues are resolved. Buying value stocks when things like Donald Trump happen to the market will help ensure higher probabilities of earning. Buy the dip when it is logical to do so, this trade war nonsense will cause volatility and give you many buying opportunities in the days to come. Remember investinng is a long game, be prepared for the haul and you’ll find wealth at the end of th journey.

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Investing / Trading

Don’t think you can afford to invest? Think again!




When asking a person with a low income about investing, youll ptobably hear the same excuse. I’m just too broke to invest! This mentality that there often isn’t enough money to put aside for investing has handicapped them into not even trying to set the money aside. they feel they need all the money now so thinking about 401k’s and dividends might not even be on your priority list. Most people in Paychech to Paycheck lifestyles find financial freedom to be a sort of dream that they have to wake up from and go to work.

Regardless of what you think, the fact remains that not putting money away for later years will cause you alot of stress. This stress could be avoided if you make some choices now and stop hinderig yourself with that I can’t mentality.

Lets Face It You Need Money

So lets address this problem of your broke mindset, now the advice isn’t revolutionary but it works if you work for it! Something in your life has gotta give, it doesn’t need to be a huge life shift. Just think about how you spend your money and consider cutting back on anything that you dont NEED. Cutting out things like buying coffee and fast food or bar visits for about a year is a good idea. This will allow you to save up some income for future investment.

You should be seeking to cut out at least $50 of expenses per month. that would mean in a year, you would have $600 to invest. Over 20 years that $600 could grow to over $22,000, if you saved at least $600 annually. $600 is better than that nothing you said you had, and there are many places to invest $600 that can make a big difference!

Let The DRIPS add upp

DRIPS are known as dividend reinvestment plans, they allow you to re-invest small amounts into dividend-paying stock. you can set up a traditional DRIP with a broker or you can use a service like Stash,which allows micro investing and dividend reinvestment. DRIPs add up to a sizable investments over time as the balance grows which then meand more dividends.

ETFs for the win!

Exchange traded funds are financial instruments used to track the performance of spcific sectors of the stock market. On Robinhood you can buy as little as a single share of an ETF. Ths will allow you to have exposure to multiple companies without having to put up as much capital. An added bonus is that most ETFs pay out dividends. This means they can help you grow your DRIP at a faster rate!

Don’t go too far too fast

Take your time with this savings and investment thing, its not a race you literally have a lifetime. live life now but make the sacrifices needed for a brighter future. you could life a hard life for a few years while saving for a happy life, just dont let the cycles of hardship get you stuck in the trenches. Only you can shift the paradigms that hold you back and find success.

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