Financial Freedom for Millennials: A Bucket List

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millennials discussing finances

By Molly Barnes, Digital Nomad Life

The 2007 movie “The Bucket List” told the story of two terminally ill men seeking to finish out all the things they’ve always wanted to do but never completed. The duo set out on their adventure with the intention to fulfill all their dreams before they “kicked the bucket.”

While most people associate bucket lists with experiences, you can apply the same concept to personal finance matters, as well. Essentially, you list all the things you need to accomplish in your financial life and then start making moves to get them done. According to financial experts, people should start to tick off money-matter items on their lists while they are still in their 20s and 30s. With this strategy, they’ll achieve financial freedom sooner than later because they’ve set themselves up for a less stressful future as they reach retirement age.

At this point, retirement probably seems a million years away, but now is the time to start thinking wisely when it comes to money. Check out our financial bucket list for millennials.

1. Live with roommates

Most millennials want to move out of their parents’ home but can’t always afford to do it. Why forego and miss out on the pleasures of autonomy you can enjoy living on your own? Get some roommates instead to help share housing costs.

When seeking roommates, always be smart and keep safety in mind during the selection process. Everyone, especially women, should stay away from listings on Craigslist and other platforms that don’t fully vet the people out who post these listings.

Once you’ve got your roommates in the house, aside from the financial savings you’ll enjoy by splitting the rent, you can make some great memories — or at least accumulate a few great stories to someday tell your family and friends.

2. Move to an affordable city

Sure, New York is the city that never sleeps, and Los Angeles sees a lot of action, too —but these cities are incredibly expensive to live in. Instead of struggling (even with the help of roommates) in an expensive city, consider relocating to a more affordable city with a lower cost of living. Kansas City, for example, is not only affordable, but it also offers plenty of great job opportunities and even boasts some of the shortest commuting times in the country.

3. Downsize and sell some stuff

We live at a time minimizing is en vogue, especially for millennials. Aside from being a trendy thing to do, selling off possessions you no longer need or want can net you some serious cash. Try selling clothes, unused gift cards, old electronics and gadgets, pretty much anything.

If you have old toys, video games, or other nostalgic items you don’t necessarily want to hang onto anymore, try selling these too. You’d be surprised at how well nostalgia sells! Set up an account on eBay (or another preferred platform) and get selling. Then take that money and save it or invest it so it grows.

4. Learn thrifty shopping habits

Even if you’re aiming to downsize, there will still be stuff you need. Instead of paying full price for new items, learn the art of thrifting by shopping at places like Goodwill, Salvation Army, and Habitat for Humanity resale stores. You can find great deals on everything for the home from kitchen necessities to furniture, along with personal items, too, such as clothing and accessories.

Other ways to save on shopping are to watch for sales, try extreme couponing, and follow discount sites such as Groupon for deals on things you want to buy. Also check out Craigslist and Freecycle to find freebies in your neighborhood.

5. Make a few investments

While making habitual changes can go a long way toward achieving financial freedom, you’ll want to find other ways to increase your bank account. Why not try purchasing some stocks and seeing what happens? Some online brokerage sites let users start buying with as little as $100 and make trades for $5. You can buy small amounts and see if you can aggressively make them grow. “Playing the market” is a unique experience that not everybody gets in their lifetime — and watching your stock’s values go up is a thrill.

6. Launch a business

Even if you’re holding down a full-time job, you can launch a business on the side to generate some extra cash and help build your financial future. It could be something as straightforward as buying a property to use as a vacation rental. Or you can build a brand in your spare time, you can market your business by creating a presence on social media and cultivating helpful business relationships. Sign yourself up to attend some trade shows to help establish a name for yourself.

Depending on your line of work, you may need to obtain a license, insurance, or meet other local legal requirements. Be sure to have your ducks in a row and do everything legally. Also, remember that you’ll need to file taxes as a business. An online calculator can help you make the necessary tax calculations.

Achieving financial freedom is a wonderful feeling! The sooner you get started, the sooner you’ll be that much closer to your ultimate money goals … and then you’ll be able to afford the things on your “other” bucket list.

Black Dancer Calls Out Racism in ‘Elitist’ European Ballet World

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dancer chloe lopes gomes performing wearing a black dress ballet

“Our skin color should not be a criteria, only talent should matter,” ballerina Chloé Lopes Gomes told NBC News”

By Adela Suliman for NBC News

Other dancers, including in the United States, have voiced their support for Lopes Gomes, saying that it is high time for the ballet world to address racism and bigotry.

She said that in rehearsals at Berlin’s prestigious Staatsballett, which she joined in 2018, she was told her mistakes stood out because she is Black. In another incident, she said she was mocked when offered a white-colored veil for a show.

For some performances of “Swan Lake” she also said she was made to wear white makeup, despite the school formally dropping this requirement for people of color in the 2018-19 season. Though she acknowledged this was a “tradition” of the show, it was one she deemed outdated.

“Asking not only a Black person but a ballerina to color their skin to look whiter, I don’t think it’s right — I felt very humiliated and very alone,” she told NBC News.

“The harassment kept going, I was very depressed,” she added. During time-off for an injury in 2019, she said the combination of the injury and harassment led to her being prescribed antidepressant drugs. Almost a year after she returned to work, she learned her contract, which is scheduled to end in July, would not be renewed.

Lopes Gomes, whose father is from Cape Verde and mother is French and Algerian, said she made complaints to the company before learning that her contract would not be extended. She added that she felt compelled to go public with her experiences in order to improve the situation for future generations of Black dancers.

Read the full article at NBC News.

UPS Ends Ban on Beards and Natural Black Hairstyles

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UPS Black hair ban
The shipping company is lifting several of its longstanding strict rules on the personal appearance of its employees who interact with the public — mostly its army of delivery drivers.

The changes loosen the previous strict limits on facial hair (no beards for most employees, and mustaches limited to above the crease of the lip), how long men could wear their hair (nothing longer than collar length), and hairstyles (no Afros or braids). While styles still must be business-appropriate and not pose a safety concern, those specific limits have been eliminated.
Photo credit – Benjamin Norman for The New York Times
Wednesday’s announcement also includes the lifting of gender-specific regulations, including rules like the length of the uniform’s shorts. The new rules, first reported by the Wall Street Journal, were posted on an internal company web site for employees.
“These changes reflect our values and desire to have all UPS employees feel comfortable, genuine and authentic while providing service to our customers and interacting with the general public,” UPS said in a statement, adding that the company is “determined to continue to make UPS a great place to work for all of our more than 500,000 employees around the world.”
UPS is also surely motivated by its scrambling to add the staff needed to handle the increased crush of packages associated with the surge in online shopping brought on by the Covid-19 pandemic.
Read the full article at CNN.

Free Zoom alternative: Microsoft Teams lets 300 users video chat for 24 hours

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This year has been a huge year for Zoom, as families and friends around the world have turned to the video chat service to stay in touch during the COVID-19 pandemic.

Microsoft Teams just barreled into the room to make Zoom look a little silly by comparison.

According to The Verge, Microsoft’s primarily business-focused video call app is getting a free tier with a 24-hour time limit on calls just in time for the holidays.

As many as 300 people can jam into one room, with a gallery view that can display up to 49 of them on one screen. (Zoom has a max of 100 participants for Basic and Pro users.) There’s also a feature called Together Mode that will arrange everyone’s video feeds so it looks like they’re sitting together in a theater or coffee shop. If your family is that big, feel free to go nuts with Microsoft Teams — and good luck following the conversation.

Calls can be started and joined from a web browser so you don’t need to download an app. Whoever starts the call will need a Microsoft account, which you should have on hand if you’ve ever used Office or an Xbox but is pretty easy to set up if you haven’t. Crucially, folks who don’t have Microsoft accounts can join calls.

Continue on to Mashable to read the complete article.

Mississippi’s Asya Branch Wins Miss USA 2020

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Miss USA pageant winner Asya Branch smilign with sash on and clasping hands

Better late than never! Months after the competition was postponed due to the coronavirus pandemic, Miss Mississippi USA Asya Branch has been crowned Miss USA 2020.

Branch, 22, was awarded the coveted title on Monday in a competition that aired live from Elvis Presley’s Graceland in Memphis, Tennessee. She was crowned by her predecessor, Miss USA 2019 Chelsie Kryst.

Placing second runner-up was Miss Oklahoma USA Mariah Jane Davis, and just ahead of her was first runner-up, Miss Idaho USA Kim Layne.

Branch was the first African American to be named Miss Mississippi USA and comes from Booneville.

Prior to her win on Monday night, Branch shared her take on gun laws in her final statement.

“We should require people to pass training and safety classes” before attaining guns, she said.

This year’s winner was chosen by a selection committee that included Fox Nation host Abby Hornacek, entrepreneur Gloria Mayfield Banks, sports reporter and Miss USA 1999 Kimberly Pressler, businesswoman Susan Yara, Miss USA 2000 Lynnette Cole and Carolyn Aronson, CEO of It’s a 10 Haircare and Be A 10 Cosmetics.

The night’s festivities — which were originally slated for spring, but got postponed due to COVID-19 — were hosted by sports reporter and Miss Teen USA 2005 Allie LaForce and American Ninja Warrior co-host Akbar Gbaja-Biamila, a former professional football player.

The competition also included a virtual performance by American Idol alum Haley Reinhart.

With the crown now sitting pretty atop her head, Branch will move to New York City to represent the Miss USA brand and various philanthropic organizations, just as Kryst did before her.

“Being Miss USA has afforded me the opportunity to be an advocate for issues that deserve attention, including criminal justice reform and racial inequality,” Kryst said in a statement. “I am proud to continue the legacy of national titleholders who speak up and encourage change, and I look forward to supporting the next Miss USA and Miss Teen USA in doing the same.”

Continue on to People to read the complete article.

Photo Credit: People

Motley Fool Stock Advisor Presents 5 Stocks Under $49

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The past year has been one of the most difficult, trying, and consequential times in recent memory. A global pandemic, a prolonged lockdown, impeachment proceedings, widespread social change, and an election to boot! But if you’ve been sitting back and not acting, you’re missing out in more ways than one.

Because not only has 2020 been the year of overdue social change…but it’s been a year of potentially life-changing wealth creation for people like you and me.

And that’s because investing is the best way I know to generate meaningful wealth that could set you and your family up for life.

But…

How many people do you know that actually take advantage of this position? Do you?

Maybe it seems just too confusing or complicated? Maybe it might cost too much? Maybe you’re worried that you’ve simply missed the boat?

But I’m being honest when I say the best time to invest is today. And the second-best time to invest is tomorrow. Because it’s never too late!

And that’s where The Motley Fool comes in. For over 25 years, The Motley Fool has proven that you don’t have to be a money manager or a fat cat investment banker to rule the market.

To prove it, we want to debunk those ideas about the market we laid out earlier: that investing is just too complicated and that it might cost too much.

Misconception #1: Investing is just too complicated

You see, in our experience, this how these brokers and money managers keep people like you and me out of the market. They use these fancy and complex terms to intimidate the everyday investor into thinking that only they can do what they do.

But they’re wrong!

At the Motley Fool, we present all of the analysis and information in a straightforward, fun, and exciting way that has led to returns like

Amazon UP 11,578%

Netflix UP 13,193%

Marvel (now Walt Disney) UP 7,705%

Priceline (now Bookings Holdings) UP 7,435%

Misconception #2: Investing is just too expensive

Now, it’s true that some stocks might cost a lot to buy one share. One share of Amazon is over $2,000! But our job here at The Motley Fool is to find and analyze great companies no matter what the price! Which is why we’ve come up with five stocks you can buy TODAY for under $49! That’s right, these stocks come with our full stamp of approval and can be bought from your broker for under $49. Now I know I already talked about Amazon and Netflix, and this is no promise that these stocks under $49 will achieve the same amazing returns, but The Motley Fool recommended BOTH of these stocks when they were under $49, so we definitely think this current batch has room to run.

SO…

Debunking these two misconceptions leaves me with one question…what’s stopping you from investing right now??

And we’ve tried to make it even easier for you…

I already told you that we’ve recommended five stocks for under $49…but we want to make this even easier for readers of The Inclusion.

That’s because this special report “Five Stocks for Under $49” is absolutely FREE for Inclusion readers. Simply click on the link below to get taken to the report!

https://www.fool.com/ecap/stock-advisor

The Motley Fool

JPMorgan Chase Commits $30 Billion to Advance Racial Equity

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Diverse Equality Gender Innovation Management Concept

Today, JPMorgan Chase announced new long-term commitments to advance racial equity. The firm will harness its expertise in business, policy and philanthropy and commit an additional $30 billion over the next five years to provide economic opportunity to underserved communities, especially the Black and Latinx communities.

Structural barriers in the U.S. have created profound racial inequalities that have been exacerbated by the COVID-19 pandemic. The existing racial wealth gap puts a strain on families’ economic mobility and restricts the U.S. economy. Building on the firm’s existing investments, this new commitment will drive an inclusive economic recovery, support employees and break down barriers of systemic racism.

“Systemic racism is a tragic part of America’s history,” said Jamie Dimon, Chairman and CEO, JPMorgan Chase & Co. “We can do more and do better to break down systems that have propagated racism and widespread economic inequality, especially for Black and Latinx people. It’s long past time that society addresses racial inequities in a more tangible, meaningful way.”

Over the next five years, the firm expects these new commitments, which include loans, equity and direct funding, to:

I. Promote and Expand Affordable Housing and Homeownership for Underserved Communities

A. Originate an additional 40,000 home purchase loans for Black and Latinx households. To do this, the firm is committing $8 billion in mortgages. Efforts include:

  • Improving key home lending products and offerings, including substantially increasing the Chase Homebuyer Grant in underserved communities.

B. Help an additional 20,000 Black and Latinx households achieve lower mortgage payments through refinancing loans. To do this, the firm is committing up to $4 billion in refinancing loans.

C. Finance an additional 100,000 affordable rental units. To do this, the firm will provide $14 billion in new loans, equity investments and other efforts to expand affordable housing in underserved communities. Efforts include:

  • Investing additional capital in vital community institutions and increasing funding for the construction and rehabilitation of affordable housing for low and moderate-income households nationwide.

II. Grow Black- and Latinx-owned Businesses

A. Provide an additional 15,000 loans to small businesses in majority-Black and -Latinx communities. To do this, the firm will deliver $2 billion in loans. Efforts include:

  • Launching a new program designed to help entrepreneurs in historically underserved areas access coaching, technical assistance and capital.
  • Accelerating a digital lending product to better support the needs of small Black- and Latinx-owned businesses seeking quick access to capital.

B. Spend an additional $750 million with Black and Latinx suppliers.

III. Improve Financial Health and Access to Banking in Black and Latinx Communities

A. Help one million people open low-cost checking or savings accounts. To do this, the firm commits to hiring 150 new community managers, opening new Community Center branches in underserved communities and materially increasing marketing spend to reach more customers who are currently underserved, unbanked or underbanked. Other efforts include:

  • Continuing to open 100 new branches in low-to-moderate income communities across the country as part of the firm’s market expansion initiative.
  • Building awareness and trust in Chase Secure Banking to meet the needs of Black and Latinx unbanked and underbanked households and expand access to traditional banking.

B. Invest up to $50 million in the form of capital and deposits in Black and Latinx-led Minority Depository Institutions (MDI) and Community Development Financial Institutions (CDFI), and continue to mentor and advise select MDIs and CDFIs to help them achieve future success.

IV. Accelerate Investment in our Employees and Build a More Diverse and Inclusive Workforce

A. Continuing to build a more equitable and representative workforce and hold executives accountable by incorporating priorities and progress into year-end performance evaluations and compensation decisions for members of the Operating Committee and their direct reports.

B. Providing financial coaching services to the firm’s U.S. employees.

The firm will also provide $2 billion in philanthropic capital over the next five years to drive an inclusive economic recovery and support Black, Latinx and other underserved communities. This extends and increases the firm’s current five-year $1.75 billion philanthropic commitment made in 2018. It will also include an emphasis on supporting Black- and Latinx-led organizations.

A fact sheet detailing JPMorgan Chase’s new commitments is available here.

Holding Ourselves Accountable

Measuring impact and ensuring accountability is central to these new commitments. Progress will be tracked regularly and shared with senior leadership across the firm, as well as externally with the Chase Advisory Panel, to assess performance and hold the business accountable. These efforts will further allow for maximum impact and bring an enhanced equity lens to the firm’s business.

Comments on the Importance of Advancing Racial Equity

“We have a responsibility to intentionally drive economic inclusion for people that have been left behind,” said Brian Lamb, Global Head of Diversity and Inclusion, JPMorgan Chase.The COVID-19 crisis has exacerbated long-standing inequities for Black and Latinx people around the world. We are using this catalytic moment to create change and economic opportunities that enhance racial equity for Black and Latinx communities.”

“To ensure the Latino community can thrive, we must work together to break down persistent obstacles to opportunity created by systemic racism,” said Janet Murguía, President and CEO, UnidosUS. “JPMorgan Chase’s new commitments will help ensure that the American dream is accessible to more Latinos today, create a multiplier effect through generations, and lead to a stronger country with greater shared prosperity.”

“America’s racial wealth gap has been a persistent injustice, and it can no longer be tolerated as business as usual,” said Marc Morial, President and CEO, National Urban League. “I am heartened to see JPMorgan’s specific, measurable commitments that we believe will address decades of systemic racism toward Black communities – and will bolster the wellbeing of families across the country, as well as our collective economy. We are proud to work alongside JPMorgan Chase to make these changes and help craft conditions for lasting racial equity.”

“All Americans deserve equitable access to affordable housing and the physical, emotional and financial security it represents,” said Lisa Rice, CEO, National Fair Housing Alliance. “JPMorgan Chase’s new commitments will help make owning or renting a reality for more Black and Latinx families, whose housing access has been impeded by decades of systemic racism and are now disproportionately affected by the impact of COVID-19. Addressing the affordability crisis, now overlaid with the pandemic, will require many players on many fronts, and these commitments are concrete, meaningful steps in the right direction.”

“This moment requires leaders and their institutions to shake off the husks of complacency and to stand in transformative solidarity with the more than 100 million in America who face the burdens of a democracy and economy that does not yet allow them to participate, prosper, and reach their full potential,” said Dr. Michael McAfee, President and CEO, PolicyLink. “JPMorgan Chase is beginning the journey to answer this call. It’s targeted investments in black and brown communities, and its leadership advancing public policy that ensures all people in America participate in a just society, live in a healthy community of opportunity, and prosper in an equitable economy is the type of creative spark that will usher in America’s renewal.



About JPMorgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.2 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

GetVokl “Meet Your Match” Show to Feature Single Dad Whose Personal Ad Went Viral

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single dad vashaad lifts his daughter up with both of them smiling

When Vashaad Randolph posted a heartfelt personal ad on Facebook, he was looking for a partner. What he got was a post that went viral and introduced him to the country.

People are intrigued by his straightforward approach and personality. Fans can participate in an interactive segment with him when he is featured on the “Love Rants: Meet Your Match” show hosted by Stacii Jae Johnson. He will be a featured guest on the interactive show on September 23, 2020.

 

“Like thousands of others, we heard about Vashaad’s story and we knew he’d make a great guest,” explains Alexander Riesenkampff, the chief executive officer of GetVokl, a livestreaming platform. “We look forward to having him on, so he can share his thoughts, ideas, hopes, and get some great matchmaking advice.”

 

Randolph’s post was shared thousands of times, and it was even covered by several news outlets. In it, he shared that he was a single dad of a great three-year-old, and that he was looking to find someone who would be a great match. He is seeking someone who would make a great friend and wife. He moved to Columbus, Ohio, last December and has been trying to find dates. The pandemic hasn’t made it easy on him, which has further prompted him to take his search online.

 

As a “girl dad,” Randolph let his personality shine through in his post. He’s a loving and caring father, he has high standards for the woman he wants to settle down with, and he’s looking for someone who is also up to the task of being a business partner and stepmother. As a member of the Army National Guard, he is also an entrepreneur, owning a business making custom neon signs. His post did net him a few virtual dates, but he’s still on the search for the right woman.

 

“I think that everyone should be honest and open with what they are looking for in a life partner,” explains Randolph. “I’ve learned a lot through this experience, I’ve shared a lot, and so far it’s been a positive thing. I look forward to being featured on Stacii Jae’s show.”

 

The show he’s referring to, “Love Rants: Meet Your Match,” continues to grow in popularity as so many people are single and stuck at home. They are turning to virtual ways to help make a match, and even hold virtual dates. Every week, singles can tune into the show, where they can participate in live virtual matchmaking and relationship discussions.

 

Stacii Jae Johnson is an interactive podcaster, author, dating/relationship expert, matchmaker and women’s empowerment advocate and the go-to-girl for all things single who has one of the most popular podcasts in the Connection Zone, which is broadcast from the GetVokl network, allowing her to livestream it across multiple platforms at one time. The network allows podcasters to have an interactive experience with their fans. Her show focuses on matchmaking for black singles. Those who tune in can fill out a short matchmaking form, and then her Matching Machine uses her methods of finding the best possible matches. She uses her platform to help people make a match. She will be trying to help Randolph make the perfect match on her show.

 

“I met Vashaad only through learning about his story. It touched my heart. His level of vulnerability and transparency was a breath of fresh air,” says Johnson. “I’m excited to help him find the perfect match and to discuss his approach.”

 

To access “Love Rants: Meet Your Match,” visit the site at: https://getvokl.com/channel/stacii-jae.

 

GetVokl is an app that allows people to livestream across multiple platforms at one time. It’s free to use and ideal for podcasters, coaches, teachers, bloggers, reporters, or others who want their livestream to reach people on multiple platforms. It’s quick to set up and easy to use, requiring only minimal technical knowledge. GetVokl also features VCoin, which helps podcasters earn more money by letting people give tips or donations as the livestreaming takes place. To learn more about GetVokl or to download the app, visit the site: https://getvokl.com/. To learn more about how VCoin works, watch the video: https://www.youtube.com/watch?v=qroHqQY0IjY&feature=youtu.be.

 

About GetVokl:
GetVokl is a free livestreaming community platform built for podcasters, livestreamers, and hosts to unleash the potential of their audiences through interactive live shows that inspire and create vibrant communities. GetVokl allows a livestream to be broadcast over multiple social media platforms at one time. Join or create your live video community. 

To learn more about GetVokl, please visit https://about.getvokl.com.

Create a Live Video Community (and Why You Would Want to)

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There is a good chance that most people reading this have tuned into at least one live video over the last week. It’s something that is becoming increasingly popular, and is expected to continue to increase in popularity going forward. There are many good reasons why more influencers and businesses alike are turning to creating a live video community, and harnessing the power that it can offer. Now is the time to learn how to create a live video community and why it’s so important to do so.

“People are showing that they love live video and interacting with it in a big way,” explains Alexander Riesenkampff, the chief executive officer of GetVokl, a livestreaming platform. “We have helped many people build and grow their live video community, and know that as this field continues to grow, we will be helping many more.”

People tend to feel more urgency to watch a live video. Seeing that it’s live gets them interested. The area of live video offers a lot of potential for those who are brand influencers, businesses, or those who want to make a strong connection with their followers. Not only is viewing live video on the rise, but research shows that it tends to outperform recorded video.

Those interested in creating a live video community should spend a little time exploring how others have done it. GetVokl, for example, has many live communities that can be accessed, providing a good place to do a little homework and learn the ins and outs. Once you are ready to get started, GetVokl can help you create a larger community. They also make it easy to directly monetize the audience. The app allows each live video to be shown across multiple platforms at one time. This ensures that your video is live across all platforms, rather than being live on one and then having to post a recorded video to the others.

Here are 5 reasons why it’s a good idea to create a live video community:

  • Live video gives you the ability to increase engagement and interaction with your audience. It allows for immediate feedback and discussion. This helps to build authority, make a connection, and increase loyalty.
  • An effective marketing tool, creating a live video community can lead to an increase in sales and revenue. It gives all types of companies and influencers a way to increase their earnings.
  • Live video communities feel real and authentic. This is one of the reasons why people prefer it to recorded videos. Most recorded videos are heavily edited, yet people prefer the authenticity that comes with it being live.
  • There is a greater ability to make an impact when you engage in live video with your target audience. They can ask questions, provide immediate feedback, and get to know your personality more.
  • Audiences tend to watch for a longer period of time when the information is coming to them live, as opposed to in a recorded video. Keeping your target market watching longer makes for a more effective marketing experience.

“Creating a livestream community is something anyone can do,” added Riesenkampff. “Once you do it, you will see there are benefits. It’s like getting the chance to be with your people in the same room, even if they are thousands of miles away. Whether you hold Q&A sessions, offer how-to talks, host interviews, provide advice, or just offer fun looks into what you are doing, it leaves a powerful mark.”

GetVokl is an app that allows people to livestream across multiple platforms at one time. It’s free to use and ideal for podcasters, coaches, teachers, bloggers, reporters, or others who want their livestream to reach people on multiple platforms. It’s quick to set up and easy to use, requiring only minimal technical knowledge. GetVokl also features VCoin, which helps podcasters earn more money by letting people give tips or donations as the livestreaming takes place. To learn more about GetVokl or to download the app, visit the site: https://getvokl.com/.

 To learn more about how VCoin works, watch the video: https://www.youtube.com/watch?v=qroHqQY0IjY&feature=youtu.be.

About GetVokl:
GetVokl is a free livestreaming community platform built for podcasters, livestreamers, and hosts to unleash the potential of their audiences through interactive live shows that inspire and create vibrant communities. GetVokl allows a livestream to be broadcast over multiple social media platforms at one time. Join or create your live video community. To learn more about GetVokl, please visit https://about.getvokl.com.

7 Myths About Saving for Retirement

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African American man and woman in retirement couple looking at each other on a deserted tropical beach

by Andrew J. Tudor, Financial Advisor with Northwestern Mutual Wealth Management Company. It’s always a great time to reevaluate your financial goals and dreams for the future. Whether you are decades from retirement or only a few years away, many people have misconceptions about how achievable retirement is, how much they’ll need, and what resources are available to them as they prepare to retire. There is also the universal tension between living for now and saving for later. These factors create a lot of anxiety around preparing for a secure future.

To empower people to make the most of their financial futures, I have compiled several retirement myths below, as well as insight to dispel those myths:

Myth #1: It’s too late. I’m too old to save for retirement.
While you may not have started saving earlier in life, there are still opportunities to accumulate savings now. Take advantage of the catch-up contributions permitted by the IRS, and make sure you’re collecting all your company’s 401(k) plan matching contributions. Additionally, you can open an IRA or Roth IRA account to supplement your retirement savings.

Myth #2: Retirement means not working.
People are increasingly engaging in phased retirement, second careers or part-time work after their first career ends. One reason for this is that people are living longer, healthier lives. The longer you live after work, the larger your nest egg needs to be. Some are phasing their retirement for financial reasons, while others realize a second career or part-time work can make their golden years more fulfilling.

Myth #3: I won’t be able to rely on Social Security.
While the Social Security Administration projects that the trust fund for retirement benefits will be depleted by 2034, it believes it will be able to pay roughly 75 percent of benefits through at least 2092, and that’s if nothing happens to change the system. While Social Security is likely to continue to provide a base of income for many years, it’s a good idea to have supplementary income available in retirement. IRAs and 401(k)s are a good, tax-advantaged way to supplement social security income.

Myth #4: If I save enough to live to age 85, that should be enough.
It is true that expected lifespan is 75-85 years, but with advancements in medicine and health care, living to 100 is becoming more and more common. It’s essential your retirement plan provides income to support you until you die. It’s better to have more money at the end of your life than to have more life at the end of your money.

Myth #5: I’m too young to have to worry about saving for retirement.
You’re never too young to start saving for retirement. Starting early makes it possible to take advantage of compound interest which grows exponentially. For example, let’s say you have $5,000 saved by the time you’re 25. If you let that money compound at a 7 percent annual rate of return, it will be worth more than $81,000 by the time you retire at 65. That’s compound interest.

Myth #6: What’s in my retirement account is all mine.
While traditional IRAs and 401(k)s are critical tools in saving for retirement, it’s important to understand the tax implications of those accounts. A dollar in those accounts has never been taxed, but it will once it’s withdrawn in retirement. For example, at an effective tax rate of 15 percent, a withdrawal of $10,000 will only get you $8,500 after taxes. With Roth IRAs and Roth 401(k)s, taxes are paid as the money goes in, so you don’t owe any more when drawing on those funds.

Myth #7: In order to work with a financial advisor, I need to have extra money to invest.
A financial advisor can be a helpful partner for anyone, regardless of their financial situation, and his or her expertise goes beyond simply saving for retirement. An advisor can help you live the life you want now while still saving for later. Whether your financial goals include paying down debt, setting up a budget, opening a retirement investment account or recommending 401(k) investment options, an advisor can guide you through the process and help you make informed financial decisions.

LA Pride Festival Cancels In-Person Celebration, Will Go Digital

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LA-pride-2019

On its 50th anniversary, the iconic Los Angeles Pride Festival and Parade, which normally draw hundreds of thousands of people to West Hollywood in June, will be going digital because of the coronavirus pandemic.

Organizers recently announced that the festival will instead be held virtually on several digital platforms over a period of months and spanning into 2021.

Back in mid-March, Christopher Street West – the nonprofit group in charge of putting on the festival, announced that it would be postponed. However, it was confirmed that the festival has been canceled the in-person celebrations, and will instead return in 2021.

“Due to the evolving effects surrounding COVID-19, CSW has made the responsible decision to forgo in-person LA Pride celebrations for the remainder of the year,” the group said in a statement. “The organization will instead re-imagine how it will celebrate its 50th anniversary through new and exciting initiatives hosted on its digital platforms, with the hope of returning to a physical celebration in 2021. More details will be announced soon on how Los Angeles will celebrate its 50th Anniversary through exciting digital initiatives.”

The three-day festival is one of the largest LGBTQ celebrations in the nation.

CSW said it would roll out its digital initiatives in the coming months.

Continue on to CBS Los Angeles to read the complete article.

Unique Ways to Thank your Essential Workers

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Thank You to Essential Workers in Fight Against Covid-19

From doctors and nurses to grocery store clerks and pharmacists, our essential workers are showing up every day to keep us safe and healthy during this time.

We are so thankful for each and every one of these workers, but how can we better show our gratitude and encourage them along the way? Here are four unique ways you can thank our essential workers.

1) Make a Sign

This is a relatively easy one that can be done by the whole family. Create a sign to hang from your window, car, or front yard that can be easily seen by essential workers driving or walking by your home. This little sign of encouragement shows they are being appreciated, even when we cannot personally thank every single one of them.

2) Support Their Families

During this time, essential workers are often working longer hours, and many are unable to be fully present for their families during this time. Check up on the families of essential workers in your life, and see what you can do to help. Delivering groceries, making a meal, or simply being a good listener can help ease the stress of the families who are struggling with the new lifestyle of their essential loved one.

3) Feed the Frontlines

Especially for medical professionals working long hours, getting a proper meal may be the last thing on their mind while trying to help others. Ordering food to be delivered to local hospitals, firehouses, grocery stores, and other essential businesses will not only show them your appreciation but could also ease their especially stressful work day. Ordering food will also help restaurants stay in business!

4) Stay at Home

The best way to show respect for those who are working so hard to keep us safe is to adhere to their wishes and stay inside. Washing our hands, keeping ourselves healthy, and social distancing are just a few of the ways that we can all slow the spread of the virus and speed up the process of bringing our essential workers home sooner.

BECOMING – OFFICIAL TRAILER

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MIchelle Obama book jacket cover

BECOMING is an intimate look into the life of former First Lady Michelle Obama during a moment of profound change, not only for her personally but also for the country she and her husband served over eight impactful years in the White House.

The film offers a rare and up-close look at her life, taking viewers behind the scenes as she embarks on a 34-city tour that highlights the power of community to bridge our divides and the spirit of connection that comes when we openly and honestly share our stories.

Film Release Date: May 6, 2020
Format: Original Documentary Feature

Directed by: Nadia Hallgren
Produced by: Katy Chevigny,
Marilyn Ness, & Lauren Cioffi
Co-Producer: Maureen A. Ryan
Executive Producers:
Priya Swaminathan & Tonia Davis

A NOTE FROM MICHELLE
I’m excited to let you know that on May 6, Netflix will release BECOMING, a documentary film directed by Nadia Hallgren that looks at my life and the experiences I had while touring following the release of my memoir. Those months I spent traveling—meeting and connecting with people in cities across the globe—drove home the idea that what we share in common is deep and real and can’t be messed with.

In groups large and small, young and old, unique and united, we came together and shared stories, filling those spaces with our joys, worries, and dreams.

*BECOMING is the third release from Higher Ground Productions and Netflix*

To view the documentary now available on Netflix visit, netflix.com/Becoming.

#IAmBecoming

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