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A lifestyle blog dedicated to what I am interested in and what I stand for at a particular point and time in my life. I mainly focus on the topics of personal finance, relationships, health and spirituality.
Monday, January 27, 2014
Forgiveness
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Thursday, December 12, 2013
Steps to Building Wealth
Steps to building wealth
Remember playing Legos as a kid? You could quickly take a random pile of blocks and build something solid. The steps to building wealth are not so different, as the process involves a series of small decisions that move us along, one building block at a time."It is from those daily decisions that individuals build wealth," says J. Landon Loveall, founder and president of Cumberland Wealth Planners in greater Nashville, Tenn. "What you do now will determine where you are financially 20 years from now."
The steps to building wealth begin with a clear intention to attain it. After all, accumulating money is not a haphazard occurrence, but a deliberate process.
Once you determine that attaining wealth is a priority, focus your energies on maximizing your income, saving a portion of it and investing it for growth. Building wealth also requires you to make decisions on potentially destructive forces that erode wealth, such as inflation, taxes and overspending.
Building your income
Your income represents the foundation upon which you build lifetime wealth. The higher your income, the greater your potential for accumulating significant assets.When you're young, the value of your future earnings is your No. 1 financial asset. Find a job you love, invest in educating yourself and keep abreast of changes in your career field.
"The lifetime return for making these investments at this time is greater than saving in Roth IRAs, or any investment, even factoring in the power of compounding," says Certified Financial Planner Joe Alfonso, founder of Aegis Financial Advisory in Santa Clara, Calif.
To stay on top of your field, take advantage of college savings plans with tax-favorable characteristics that are available to students of all ages.
Going hand in hand with earning money is the ability to live within your means and plan for contingencies.
"By far, the most destructive forces to building wealth are inertia, procrastination and, ultimately, magical thinking -- couples passing away peacefully and synchronously just after they spend their last dollar," says Certified Financial Planner Melissa Einberg, a wealth adviser at Forteris Wealth Management in Purchase, N.Y. "They simply fail to plan, not only for retirement, but also possible obstacles they will face on the way to retirement."
Saving your money
Saving money is the next step to building wealth. How much you save is a measure of how efficiently you use the wealth-building opportunity in your income. In their book, "The Millionaire Next Door," Thomas J. Stanley and William D. Danko discovered that self-made millionaires are very efficient at turning income into wealth.Ultimately, it comes down to a balancing act. "The most important decision is how to balance current spending with future savings, or living a good life now versus saving for a great life in the future," says Loveall. Both he and Alfonso advise clients to save at least 10 percent of their annual income.
Rick Kahler, president of the Kahler Financial Group in Rapid City, S.D., would double that to 20 percent or more "until you have six months to one year of living expenses for an emergency fund."
In addition to creating an emergency fund, Kahler, co-author of "Wired for Wealth," advocates opening a separate savings account for purchases of future cars, car repairs, vacations and Christmas gifts. The rest of your income can be spent on current consumption.
"For most people, this means living on 30 to 60 cents out of every gross dollar you earn," he says.
Saving can be an easily accomplished, automated process when signing up to contribute to a workplace retirement plan such as a 401(k). Kahler warns against "leaving money on the table if your employer offers a match on a 401(k) plan. It's like turning down a guaranteed 100 percent return. It's a no-brainer."
He suggests maximizing your contribution. Currently, the contribution limit is $17,500; $23,000 for those 50 and older. If you're truly motivated to build wealth, after maximizing your 401(k), contribute to an IRA. The contribution limit is $5,500; $6,500 for those 50 and older. (The tax deductibility of IRA contributions may be limited if you contribute to a workplace plan and your earnings exceed certain levels.)
If self-employed, set up a retirement plan that will allow you to invest as much as possible. Investing in a tax-sheltered account such as a Solo 401(k) cuts taxable income now and enables you to build wealth by deferring taxes until you take distributions.
Putting your savings to work
Wealth-building strategies include investing in paper assets such as stocks and bonds, buying income-producing real estate and owning a business -- or all three.Experts generally agree on the importance of such core investment principles as keeping a balanced and globally diversified portfolio, and diligently rebalancing to maintain your investment plan. Maintaining a long-term perspective is also important.
"Successful investing is about discipline, understanding of your tolerance for risk and, most importantly, about setting realistic financial goals and expectations about market returns," says Einberg.
Studies have shown that an asset allocation policy can explain most of a portfolio's investment returns over time. When investing in stocks, diversifying across markets both domestic and international, developed and emerging, is key, says Alfonso. For bonds, closely managing credit and maturity to avoid taking imprudent risk is also important.
Passively managed funds that mimic an index allow investors to build diversified portfolios of inexpensive funds. Actively managed funds generally cost more and are susceptible to style drift, given the leeway managers have in carrying out their investment strategy, says Alfonso.
When choosing investments, your tolerance for risk will likely dictate your asset allocation. Professionals with steady paychecks and generous employer retirement benefits usually can tolerate more risk than a salesperson earning commissions or a young investor starting out -- though young investors can afford to dial up the risk by investing more in equities since they have plenty of time to make up any losses.
Beyond stocks and stock funds, many investors are diversifying into nontraditional asset classes, such as commodities, managed futures, merger-arbitrage and market-neutral or long-short funds, as well as absolute-return mutual funds. These "alternative" funds aim to hold up in all types of markets with less volatility. They also help to fight inflation -- that seemingly benign annual increase in the price of goods and services that actually destroys your purchasing power over time.
While choosing non-correlated assets to increase diversification is important, Alfonso advises investors to stick to a prudent investment strategy, regardless of market conditions. "Keep investment costs as low as possible; net returns will be higher. And, most importantly, never try to time the market."
As famous investor Peter Lynch once said, "Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves."
Friday, November 15, 2013
Article on Having It All
As you all know, I would really like to get my PhD (in Business) at some point. I have been paying very close attention to academic articles/working papers that would help me to narrow down the subject I would like to major in. When I went to the PhD fair the other month, they suggested reading papers you are interested in and paying close attention to the schools that sponsored the paper and the subject/major of the individuals who wrote the paper. This is a subject matter that interests me greatly and was written by a research associate at Yale's School of Business Management.
The following link (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2200581) is of a working paper/study on "Having it All," based on that article I sent you a while ago. In this paper (which is quite long), the author tracks the lives of 40 or so women over a period of time. In tracking their lives and interviewing each lady, the author was able to summarize their responses into 3 categories:
Can I have it all?
1. "No, but I can have what is most important." Strategy: Prioritize and Limit. No, I cannot have it all, but I can have what is most important to me. I can prioritize which endeavors I will pursue, and which I will limit or do without. This answer is animated by the conviction that a woman's highest priorities – whether related to work, relationships, or lifestyle – command so much attention that she can only truly have one or two, in her lifetime.
2. "Yes, but not all at once." Strategy: Sequencing. Yes, I can have it all, but not all at once. I can sequence the elements I want to include in my life, focusing on energies on one until I am satisfied and ready to turn my attention to the next. The women who embraced this answer also felt they needed to invest fully in their top priorities, and could only do justice to one or two elements at a time.
3. "Yes." Strategy: Add and Delegate. Yes, I can have it all. I can pursue all the elements I want, and delegate some of the tasks needed to make it all work. In contrast to those who prioritized or sequenced, women who adopted this approach were much less likely to think their choices conflicted with each other so much as to be mutually exclusive. They anticipated adding every major element they wanted – in work, relationship or lifestyle – without significant postponements or concessions. They would keep up by enlisting help (housekeepers, nannies, bookeepers, assistants, etc.), as necessary.
This study also follows up with each of these when they are older to determine how their strategy turned out for them. In summary, 41% of the women who chose to prioritize and limit felt their solution went relatively well and were happy with the outcome. 50% of the women who chose to sequence felt their solution went relatively well and were happy with the outcome. 20% of the women who decided to strive to have it all and delegate tasks were ultimately happy with the outcome at the later stages of their life.
Wednesday, October 2, 2013
Doctor, Doctor!
Saturday, June 1, 2013
Bucket List Club (1 June 2013 Update)
The hair I brought:
Me leaving the salon that night:
Right before wrapping my hair and going to bed that night:
Friday, May 24, 2013
Wash Lightening!!!!
PREPOO
- Boil water
- Put chamomile tea bag in one cup of boiling water. Allow to sit 1 hour.
- Squeeze the juice from one lemon in the tea
- Mix 1/4 cup of honey into the tea
- Mix 1/4 cup of conditioner into the tea
- Pour mixture into spray bottle
- Saturate hair with mixture
- Apply additional honey directly to hair
- Spray one additional layer of mixture onto hair.
- Cover hair with a shower/conditioning cap for 30 minutes
- Co-wash or wash hair
- Apply deep conditioner
- Cover hair with shower/conditioning cap and deep condition hair overnight
- Rinse conditioner in the morning
- Apply rinse-out conditioner, while in the shower and detangle while in the shower.
- Pat dry with towel, then t-shirt dry for 15 minutes
- Apply leave-in conditioner
- Air dry hair using the scarf method or do a braid/twist-out style.
Tuesday, May 21, 2013
First Hot Day of the Year (aka Shiny Face Fix)
One of our first POPSUGAR Must Have boxes contained our favorite blotting papers from Tatcha, and now we're sharing the evening edition. Party season is starting to heat up, so these clutch-size papers are ideal to throw into your bag for a night out. They won't mess up your makeup or take away your skin's natural moisture. Keep yourself looking picture perfect all night long.
Friday, May 17, 2013
POPSUGAR Must Have Subscription Box – May 2013 reveal
The next item was the Giselle Mid Brim hat by Kooringal ($27.99). This is something I would've never thought to buy myself, but it is actually quite nice (and cool). I think I can wear it when I brake out the black, Dolce & Gabanna one-piece this summer. :-)
Next up was the Modern Margarita set by The Modern Cocktail ($7.99). I'm not a huge drinker, but this is cool and we will bring these out for the next social (house) event we throw or attend.....assuming it's not church related. 😬 Basically, all you need is the crushed ice and alcohol. Everything else is included in these little bottles. I guess you can also go non-alcoholic and just add the crushed ice.
By the way, I was a little lazy this month and am posting other people's pics off the web instead of my own. Next time, I'll be taking my own pics of me using/holding the product and/or maybe I'll do a Vlog of me opening the box and trying things out. Who knows!
Thursday, May 16, 2013
How to Texlax Your Hair: Simple Texlaxing Techniques and Tips
- Published: Mon January 4th, 2010
- By: Audrey Davis-Sivasothy
- Category: Beauty
What is Texlaxing?
"Texlaxed" hair is a term that was coined in the Internet hair world to describe a hair texture that falls between texturized curls and chemically relaxed, straight hair. "Texlaxing" is the intentional underprocessing of hair with a relaxer chemical, and is typically done to create volume, body, and texture in relaxed hair.
Popular Texlaxing Methods
There are many methods for texlaxing the hair, and most center around reducing initial disulfide bond breakage in the hair fiber. Disulfide bonds are the bonds that cause our hair to have a naturally curly, or kinky texture. Breaking these bonds prepares them for straightening in the smoothing stage of the relaxer. An alternative texlaxing method involves simply skipping the official disulfide bond straightening process. Texlaxing methods can be used alone or in combination to achieve various degrees of textured, relaxed hair results.
1.) Downgrading your relaxer
Reducing disulfide bond breakage by downgrading the strength of your relaxer is the easiest method for texlaxing the hair. Reducing your relaxer strength from a super or regular formula to a mild or sensitive scalp formula (or even going from lye to no-lye) will increase the amount of time required for full processing. This will give you more time to quickly apply your relaxer, and then rinse before enough bond breakage has occurred to really straighten the hair.
2.) Diluting your relaxer
Similar to downgrading the actual relaxer formula strength, adding oils or conditioner to your relaxer formula also decreases the strength of the relaxer and increases the processing window. This texlaxing dilution method also works by reducing the viscosity (thickness) of the relaxer crème. The relaxer crème's thick, pasty consistency helps the hair remain fairly straight after the disulfide bonds have been broken during chemical application. Oils and conditioners reduce this straightening power by making the crème less thick so that the curls are not weighed down and flattened as easily by the relaxer. If you decide to add oil to your relaxer, add a little at a time and check the consistency of your formula. Do not make the formula too runny or soupy; some thickness is desired! I find that around 1/4 cup of oil works well with a small, single use relaxer tub. Also avoid using essential oils (like peppermint and rosemary) in the relaxer-- you don't want anything tingling or stimulating your scalp while the relaxer is there nearby.
Another variation of relaxer dilution can be done with no-lye relaxer formulas where a separate activator must be added to the relaxer crème. Adding only 3/4 or 1/2 of the activator to the formula automatically reduces the relaxer's strength. Remember, no-lye relaxers are inert (not active) and cannot work on the hair until they are mixed. Portions of the relaxer that are not mixed with activator will not process you.
3.) Putting up a Barrier
Applying a thick cream or oil barrier to the hair prior to relaxing will protect it from damage and slow down the action of the relaxer. By slowing the relaxer down with a heavy, protective base, you can still relax your hair for the normal suggested time period for your hair type without fully straightening the hair. Reducing relaxer contact with the hair reduces overall bond breakage and helps the hair maintain a little extra texture. Basing the scalp should be done anyway with a relaxer, but applying a little extra to the scalp AND new growth will give you extra protection and time to process.
4.) Decreasing Relaxer Contact
One of the easiest methods for texlaxing the hair is simply decreasing the relaxer's contact with your hair. Simple reduce your processing time! This method works when all other texlaxing methods fail. In fact, this method is perhaps the number one cause of unintentional texlaxing and underprocessing. It is how I stumbled upon the idea of leaving texture behind in my own hair! Processing the hair for a time less than the recommended time will always texlax your hair.
5.) Skipping Disulfide Bond Straightening
Contrary to popular belief, hair straightening does not begin and end with the application of the relaxer. The relaxer chemical simply breaks your hair's disulfide bonds; the smoothing step is where your hair and its bonds are straightened into their new, permanent position. So a texlaxing method that takes advantage of this concept would simply involve you applying the chemical relaxer, and allowing it to process without physically manipulating (smoothing) the hair into place. Skipping the smoothing step of the relaxer application prevents the disulfide bonds from fully straightening into a new, permanently straight bond orientation.
My Personal Texlaxing Method
My personal texlaxing method is a combination of methods 1, 2, and 3. I use a basic sensitive scalp relaxer (Mizani) that is diluted with 1/4 of a cup of oil (olive or almond oil). I also heavily base my scalp, as well as the entire length of my hair-- from root to tip. I process my relaxer for the normal amount of time for my hair type which is usually 10-12 minutes or so. Since I know I am working with a thick vaseline buffer and diluted relaxer, I do not fret if I accidentally go over my time. I also smooth my hair to what appears to be 100% straightness as a final step.
Final Notes:
An entire head of texlaxed hair takes years to grow in. You will notice the difference between your bone straight hair and texlaxed hair on wash day-- because your texlaxed hair will appear fuller against your thin, bone straight ends. Texlaxed texture is best seen on air-dried hair. If you ever grow tired of the texlaxed results, in mostcases* a corrective relaxer can set you straight. * I've heard of many cases where those who used no-lye relaxers had a harder time correcting the underprocessing than sisters who used lye relaxers. That is something to keep in mind.
Finally, remember-- texlaxed results may not be apparent immediately after your relaxer. Many times, several washings and conditionings are required to reveal your level of texture. An explanation of why this occurs can be found in this article: The Beginner's Guide to Texlaxing.
Hair Update and The Beginner's Guide to Texlaxing
- The Beginner's Guide to Texlaxing
- Published: Tue November 24th, 2009
- By: Audrey Davis-Sivasothy
- Category: Beauty
Monday, May 13, 2013
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EVENTS: Africans In India Exhibit at The Shomburg Center in Harlem
Africans In India: From Slaves to Generals and Rulers
Program Locations:
| Monday | Tuesday | Wednesday | Thursday | Friday | Saturday | Sunday |
|---|---|---|---|---|---|---|
| 10:00 AM - 6:00 PM | 10:00 AM - 6:00 PM | 10:00 AM - 6:00 PM | 10:00 AM - 6:00 PM | 10:00 AM - 6:00 PM | 10:00 AM - 6:00 PM | CLOSED |
Extended!
Over the centuries, East Africans have greatly distinguished themselves in India as generals, commanders, admirals, architects, prime ministers, and rulers. They have written a story unparalleled in the rest of the world: that of enslaved Africans attaining the pinnacle of military and political authority.
Known as Habshis (Abyssinians) and Sidis, they have left an impressive historical and architectural legacy that attest to their determination, skills, and intellectual, cultural, military and political savvy.
This exhibition, the first of its kind, retraces—in over 100 photographic reproductions of paintings and contemporary photographs—the lives and achievements of a few of the many talented and prominent Sidis of yesterday.
Curated by Dr. Sylviane A. Diouf and Dr. Kenneth X. Robbins.
For more information on Africans in India, visit the online exhibition The African Diaspora in the Indian Ocean World.



