Author name: Lynnette Khalfani-Cox, The Money Coach

Lynnette Khalfani-Cox, The Money Coach, is a renowned financial expert, author, speaker, and media personality, empowering people to achieve financial success. Visit her personal website at https://lynnettekhalfanicox.com.

rent payments to boost credit score

How to Use Rent Payments to Boost Your Credit Score

This post originally appeared on Sisters from AARP Black folks often face a host of credit challenges stemming from lower incomes, discrimination, a lack of knowledge about credit scoring and more. But one additional factor — the low rate of Black homeownership in America — has also meant diminished credit scores. Currently, nearly 6 out …

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Consumer Protection

CFPB Issues Warning to Digital Marketing Providers

Source – CFPB The Consumer Financial Protection Bureau (CFPB) issued an interpretive rule laying out when digital marketing providers for financial firms must comply with federal consumer financial protection law. Digital marketers that are involved in the identification or selection of prospective customers or the selection or placement of content to affect consumer behavior are …

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financial anxiety

How to Deal with Financial Anxiety Now

Here are five situations that might cause you to suffer from financial anxiety. Credit card bills to pay. Student loans outstanding. A big mortgage or car note. Sky-high medical bills. Family members that seem to always need loans or cash gifts. Does any of this seem familiar?   First, understand that you’re not alone. 77% of …

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inflation

15 Ways to Fight Inflation, Higher Interest Rates and a Recession 

All across the country, Americans with financial concerns are worried about three big challenges: inflation, higher interest rates and the economic fallout from a recession.  Although it’s easy to get caught up in news headlines like “The Federal Reserve Plans To Raise Rates Again,” it’s not a good for anyone’s wallet – or mental health – …

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SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme Forsage

Source – SEC.gov FOR IMMEDIATE RELEASE Washington D.C., Aug. 1, 2022 — The Securities and Exchange Commission today charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, including in the United States. Those charged …

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Recession vs Technical Recession

Know the Difference Between a Technical Recession and a Recession

https://vimeo.com/735493699 The U.S. economy shrank by 0.9% in the second quarter of 2022 — so America is technically in a recession. Historically, the technical definition of a recession has been two consecutive quarters of declining GDP (Gross Domestic Product) and that has now happened in Q1 and Q2 of 2022. Keep an eye out, though, …

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How to Build a Strong Foundation – Beyonce Style

I’ve been a long time fan of Beyonce. So when she dropped her long-awaited seventh studio album, Renaissance, the lead single called “Break My Soul” quickly became mine as well as a fan favorite. The main hook of this high energy tune has Queen Bey repeatedly belting out: “You won’t break my soul. You won’t …

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Breaking Down the ‘Penalties’ of Single Tax Filings

With the new tax filing deadline looming, I stopped into Black News Channel’s “BNC Live” to discuss the upsides of joint filings and the disadvantages of filing solo. To kick off the segment, I detailed the built-in “penalties” that single individuals face in many aspects of life, including higher taxes, healthcare costs, and everyday expenses.  I …

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How to Manage Your Finances with Inflation on the Rise

Over the past year, consumer prices have surged an astonishing 7% – the fastest pace in nearly four decades. Rising prices can be attributed to a thriving economy paired with ongoing supply chain snarls and 2021’s unexpected housing boom. Unfortunately, the sudden uptick has hit wallets hard, especially those in lower income brackets, despite growing …

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Understanding the Hype About SPACs on This Episode of ‘Make It Make Cents’

Throughout much of this year, SPAC IPOs (initial public offerings) have gained steam, with hundreds of companies taking this route to go public.  In the latest episode of “Make It Make Cents”, my YouTube series with Trade and Travel Founder Teri Ijeoma, both Teri and I broke down what SPACs are and why they’re so popular right …

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cryptocurrency definitions AskTheMoneyCoach

Cryptocurrency Cheat Sheet: A Glossary of 30 Crypto Terms You Should Know

Are you confused about cryptocurrency? Baffled by digital assets? Or just curious to better understand some of the lingo you hear people using when referencing Bitcoin, blockchain or other things related to cryptocurrencies?  Then improve your digital literacy with this cheat sheet. It contains brief definitions for some of the most common terms you’ll encounter …

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