"The $44,000 Wedding..." Tips on Planning and Saving For A Wedding

Before we get started, let’s clear something up…No, we didn’t pay $44,000 for our wedding but according to a very interesting article published by Brides.com the average newlywed did.

“they were even more expensive in 2018, as the average wedding cost skyrocketed to more than $44,000—it turns out that the road to saying "I Do" has also gotten more costly”

My wife and I sat down and shared our thoughts on the wedding planning process, the prices of different items and vendors…and a few helpful tips.

Let us know your thoughts by commenting on this site, DMing on Instagram @MrBlackLegacy & @theblacklegacy, or subscribing and commenting on Youtube.

Company - @THEBLACKLEGACY - website: www.theblacklegacy.com

Host - @MRBLACKLEGACY - email: tlwoodley@theblacklegacy.com

Youtube - Click For Youtube Channel

Five Ways To Spend Your Tax Return

On this episode, T Linwood Woodley discusses five ways to spend your tax returns.

Mr Black Legacy

Mr Black Legacy

1. Start an emergency fund

2. Pay off high interest debt

3. Invest in the stock market

4. Make a double payment on your mortgage

5. Start a business

Make sure you subscribe and share with friends.

Available on YouTube, iTunes, & Spotify

Follow Us:

Company - @THEBLACKLEGACY - www.theblacklegacy.com

Host - @MRBLACKLEGACY - tlwoodley@theblacklegacy.com

Get Out Of Debt and Acquire Wealth With Dave Ramsey's 7 Baby Steps

Baby Steps

On this episode, T Linwood Woodley discusses financial coach' Dave Ramsey’s seven baby steps to financial independence. Dave Ramsey’s teaching taught Mr. Black Legacy to challenge the status quo of the finance industry and that being out of debt can be a normal thing for anyone. Here’s a simple explanation about why you should give Dave Ramsey a listen and start practicing his budgeting and debt-eliminating tactics.

Follow Us:

Company - @THEBLACKLEGACY - www.theblacklegacy.com

Host - @MRBLACKLEGACY - tlwoodley@theblacklegacy.com

Teach Me How To Invest (Featuring Emeka O.)

Photo Courtesy of Black Legacy Media

Photo Courtesy of Black Legacy Media

Everywhere I go I always get people asking me, “How do I get started in stocks?”. Well I created this podcast to give you a 30-minute pep talk before you open your own account or walk into your local bank/investment firm and ask them for advice. We want to get people excited about investing. Black Legacy wants to get people interested in stock ownership and choosing products that can grow assets, remember income producing assets are a goal we want you to pursue and obtain.

We hope you enjoy this show

Follow Us:

Company - @THEBLACKLEGACY - www.theblacklegacy.com

Host - @MRBLACKLEGACY - tlwoodley@theblacklegacy.com

Disclaimer: The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Please consult your own investment professional for the best plan for your situation.

Get Your House In Order (Insurance & Legacy Planner) - Featuring Thesha Woodley

thesha.jpg

They say only two things are guaranteed, taxes and death. I know, not the happiest topic but this is a very important conversation that we should all have with our loved ones. Sit back and take notes as we discuss the importance of planning for deaths and legacy preparation via estate planning and insurance.

If you’re interested in insurance contact “The” Woodley Insurance Agency at 704-597-1444.

Company - @THEBLACKLEGACY - www.theblacklegacy.com

Host - @MRBLACKLEGACY - tlwoodley@theblacklegacy.com

Guest - @MISSTWOOD

Travel, Tech, & Startups - Featuring Alex Wiggan, Jr. of Global Impact, LLC

Alex Wiggan.jpeg

We’ve all been there… You are at a bar with your friends and boom! Your phone dies and you don’t have a charger. Meet Alex, he and his business partners founded Global Impact, LLC and they are launching product that will change the tech world and how we maintain our connections no matter where we are located.

Alex Wiggan graduated Winston-Salem State University, then obtained an excellent corporate job but left his 9-5 to pursue a dream of international business. He traveled all over Asia for two years to learn about their culture and business methods while pursuing his MBA.

Follow Us:

Company - @THEBLACKLEGACY - www.theblacklegacy.com

Host - @MRBLACKLEGACY - tlwoodley@theblacklegacy.com

Guest - GLOBALIMPACTLLC - www.batteryxchange.co

@worldwidewiggs_

@global_impactllc

@blktechinteractive

“13 Things To Do Before Turning 30 Years Old” by Will Thomas (Including Podcast Interview)

Will Thomas

I have less than a month left of being 30. Before I was pushed down the old man hill by time, I decided to put positive energy into the atmosphere instead of dwelling on the fact that I’m officially “old old.” So, I reached out to 30 people that I consider mentors, family members, and knowledgeable people and gave them the opportunity to step into their youth again. I presented them with a simple question; what would you start doing or continue to do if you were 30 again? The usually first response was, “Oh oh, man a lot!!!” – in their Kevin Hart voice. Some people said the same points, while others added new perspectives to the list. But my ultimate goal in putting positive energy into the atmosphere is passing these points to you with my interpretation of how to you can accomplish what our elders wish they could have. So here we go!

 

1. Exercise routine

To start the list off, we want to focus on you and your body. As we go down the path of being “old old.” It’s very important to take care of your body for the long run. It’s a no brainer that exercising regularly will help with your health and stress levels. The ability to get in three to four, 30 to 60-minute workouts a week will go a long way for your health and family photos.

 

2. Continued Education

For a lot of people undergraduate school was enough. Shoot…for some high school was enough schooling, but to be the best at being you, you have to continue to grow. One of my favorite quotes about development is, “If you are not growing each day, you are sinking each day.” Basically, if you are not applying your mind, you are losing out on the potential power of your mind. Education does not have to be tied to school only, but just applying yourself and mind to learning something new that can help you in your job or social life. Plus, having a master’s degree will take you more places than a high school diploma.

 

3. Vacation

As you can see a trend from the first couple points, really wanted to focus on you first before we start with the “adulting” points. Vacation is one of those things that if you do it you do it, and if you don’t you don’t; but vacationing can be more of a stress reliever than exercising routinely. Vacationing allows you to see the world outside of your day to day and gain new perspective and appreciation for things you might disregard. Also allowing yourself to step away from day to day, and recharge will go a long way in boosting your energy and positive thinking.

 

4. Start 401k Contributions

Now here comes the “adulting” points. A lot of us have grown up in the culture of get it blow it and do it again. But reality is, one day you will be old and will have to cover bills and might not have the health to work to pay those bills. This is where your 401k comes into play. Yes, it may seem like the 401k is an insurance policy for if you make it to retirement, but I can honestly say from people I know who are over the age of 50-55, those who have it are in a way better place mentally than those who don’t. Also, at the end of the day, it’s all about building wealth, and the true way to build wealth is over time and through generations. So if you are unfortunate and do not live to see retirement, you will be passing that money to your kids or ancestors to give them the head start at wealth that you didn’t have. At a minimum, you should contribute the matching value of your employer. Who doesn’t love free money?

 

5. Savings Account with 3-6 months of bills

Again, this is totally opposite of the culture we live in, but honestly the rappers who are not broke probably have a year of savings in cash available investments. You will not see the benefit of having all this money in the bank doing nothing, until life happens, and you need money. Remember it’s always better to borrow money from yourself than to borrow it from family, friends, or event the bank. Plus, having this nest egg is another step at helping yourself be less stressed.

 

6. Kid’s College Fund

If you are fortunate enough to not have kids yet, skip to 7. But for those with kids as myself, let’s start giving them the head start that we didn’t have. Think about how stressed Sallie Mae makes you feel every month after you finished school. Do you really want your kids to feel the same thing?

 

7. Max out 401k Contributions

Early we said start your 401k contributions, but now that you have a good savings account and started your kid’s future; why not avoid Uncle Sam by any means possible. Most 401k contributions are tax deferred and help lower your total income for the year. That means a higher tax refund check!

 

8. Stop using credit

This point is straightforward. If it’s not a house, business, or offering 0%, you should pay cash for it. Using credit to buy cars, furniture, and other things actually takes more money from your pocket. Most of the items are not necessities and spending additional money on them only harms you in the long run.

 

9. Negotiate everything

While buying those items that you usually use credit for, try negotiating the sales price. You will be surprised what you find out. I was shocked when I heard the story of how furniture companies add additional pricing to items before offering their 0% financing. You can literally walk in the store ask for the cash price and save money!

 

10. Start your own business

Now before you go and quit your job, our elders who said this were not necessarily talking about full time. Now if you are tired of working for the “man”, sure do what’s best for you, but overall the gist is having something that you control and can see the direct benefits of time to money. The more time and effort you put into your business the more return of your investment you shall see. Unlike your job where you have no control on the outcome of your pay sometimes, with your own business you have total control on how much effort you put in can result in more rewards. Last thing; make sure the business is a passion and not a get rich scheme, because you might end up in debt higher than the money you have in your savings and 401k.

 

11. Start buying stocks

Starting a business might not be everyone’s passion but having a part of someone else’s business might be. Plus, we all spend our money on these companies anyway, why not own a piece of the company you are constantly spending your money. I’m talking about owning a piece of Amazon, Nike, and countless other companies. Owning a piece of the company is not even the main focus, but the money you invest making more money for you is. Who wouldn’t want to make more money, but simply loaning these companies money to pay you back with interest if you invest correctly?

12. Investing in real estate

So now we have talked about having your own business and buying stocks, but those still might not be your forte or passion. But maybe making money by simply buying houses and renting them out might be. Another awesome way to build wealth is buy investing in things that return on your investment, and with inflation strategic investment in real estate will definitely give you return on investment.

13. Keep family first

The last point is definitely self-explanatory. We are constantly thinking of how to better ourselves all the time, but it’s hard to find someone complaining about not putting his or her family above themselves. Our kids are our true legacy left on this earth and providing them with everything that we did not have will make the generation better and instilling the same values in them will make sure every generation behind you will exceed the things you have done on this earth.

Article written by Will Thomas

Podcast recorded in Black Legacy Studios

A Balanced Life (Spirituality, Politics, & Business) featuring Guest Derwin Montgomery

Tune in as Host T. Linwood Woodley sits down with one of the youngest elected officials in NC history. They discuss his journey as a young minister, public servant, and businessman. Linwood and Derwin speaks about how to balance politics, spirituality, and business. Dewrin is a proud graduate of Winston-Salem State University and does not allow his young age to stop him serving his community and taking risks when needed.

More about our guest…

Derwin became the youngest member of the Winston-Salem, NC City Council in 2009 at the age of 21 and a pastor of First Calvary Baptist Church shortly afterward. He is also executive director of Bethesda Center where they aim to reduce homelessness in our community by providing temporary shelter and support services.

You can support and speak with our guest by contacting him at derwinm@cityofws.org

Like, subscribe, and rate! Follow the host on social media:

Twitter: @BlackLegacyLLC

Instagram: @mrblacklegacy and @theblacklegacy

Visit: www.theblacklegacy.com

Tall Problems, Tall Profits (A Complaint Turned Into A Company) w/ Ashley Elleby, Founder of Alyssa Vermell Apparel

After many years of settling for fashion that did not fit or make her feel beautiful, she decided to do something about it. T. Linwood Woodley interviews Ashley to discuss this unique apparel company dedicated solely to providing high quality, on-trend, and beautiful clothing for women who are 5’10” and taller. They also dive into entrepreneurship, how to follow through on a vision, and why a comprehensive business plan Save You Stress, Time, Energy, and Money (SYSTEM, get it?)

Visit www.alyssavermell.com/ to check out the Ashley's clothing. Please share this with your network, especially all of the tall women out there, because this show for you.

Enjoy. Rate. Review

IG: @theblacklegacy | www.theblacklegacy.com

Make Websites Great Again (Tips For Entrepreneurs & Small Businesses) (Special Guest Cathea Woodley of Cathea Creative)

Join T. Linwood Woodley and special guest Cathea Woodley of Cathea Creative as she answers questions and offers tips on "how to create a website" that is genuine, complelling, and tells the story of your brand.

Contact our guest at her site: http://www.catheacreative.com

We would love to hear your thoughts by commenting, leaving reviews on iTtunes (Five star, of course!), or email the show at tlwoodley@theblackleagcy.com.

Thanks Black Legacy Family!

Investing 101 - Millennials Making Money

Theophilus Linwood Woodley hosted a conversation with four members of the Black Legacy Millennials Making Money network. They participated in a stock market simulation game in June 2016 on marketwatch.com and they discussed their successes and areas of opportunity.

Brexit, Individual Stocks, Asset Allocation, etc.

It’s not too late to join the game and conversation:

Sign up for a profile on marketwatch.com, then click the join now link. http://www.marketwatch.com/game/blacklegacyadvance

"Be fearful when others are greedy and be greedy when others are fearful." - Warren Buffett

Please note: The information presented on this website and podcast is not a substitute for personalized individual advice from the advisor or any other investment professional.

 

Millennials: Personal Development, Code Switching, and Good Business (featuring AV and JD)

On this episode of the Black Legacy Podcast, T. Linwood Woodley discussed topics such as challenges after landing a job fresh out of school, climbing the corporate ladder, and personal branding. This episode features two special guests: JD is one of the top young leaders in the Charlotte, North Carolina area. With an interesting story, he discusses how he came into Corporate America and how he uses his experiences and unique point of view to guide his team and colleagues to reaching their potential. The second guest, AV, is an entrepreneur, author, public speaker, and current educator in the Greensboro/High Point, North Carolina area. Just like many millennials, his career and personal interests took him from multiples companies in a short timeframe to finally finding a perfect fit, where he serves in a great role teaching young minds in the community. When AV is not molding his students into scholars and future leaders, he is developing his business, where he writes books & articles that enlighten and motivate others to think outside the box and chase their dreams.

Available on iTunes and Stitcher.

We would love to hear your thoughts by commenting, leaving reviews on iTunes (Five star, of course!), or email the show at tlwoodley@theblackleagcy.com.

Thanks Black Legacy Family!

Marriage & Relationships feat. Mr. Wealth Mind, Toney Tone, & The Event Engineer

This podcast episode is covering a variety of relationship topics. We hope you enjoy it. Please excuse the audio quality on this first episode. We are new to live recording and we did not want to hold this material for ourselves. We promise to get better with time! This podcast is available on Stitcher and iTunes.

We would love to hear your thoughts by commenting, leaving reviews on iTunes (Five star, of course!), or email the show at tlwoodley@theblackleagcy.com.

Thanks Black Legacy Family!