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"WE," not "I"

Modom Solutions

Nov 1, 2021
2 min

"WE," not "I"

The word "Wealth" starts with "We," not "I." Now, I am going to say something that might break the internet. It's not your responsibility to create the WEalth that your entire family has yet to amass. Think about it. Where, in the real world, is WEalth created in isolation (I'll wait)? You may feel compelled to use Oprah, Elon Musk, Sara Blakely, or Jay Z as examples. Major news alert: These extraordinary people work with teams of individuals that run the day-to-day operation

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Wealth is a Calculation, Not a Perception.

Modom Solutions

Sep 6, 2021
4 min

Wealth is a Calculation, Not a Perception.

Several years ago, a good friend came to visit me in Atlanta, GA. At the time, I lived in a one-bedroom apartment with a spacious living room, sleek kitchen, and a reasonably sized bedroom in the Austell area. It was more than enough space for me. I was single, had no kids, and was focused on my career. As an auditor, I wasn't at home much anyways - especially during the busy season. Man, I remember it like it was yesterday. I was eager to show off my apartment. It really rep

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Ten Gifts Money Can't Buy Our Children

Modom Solutions

Jul 20, 2021
5 min

Ten Gifts Money Can't Buy Our Children

If I were being honest with you and myself, I had fatherhood all wrong. It's not as scary as I initially thought it would be. I've learned that I am very capable of changing a diaper (even with one hand when necessary). Juggling the demands of family life and work is a matter of scheduling life around them and not scheduling them around life (still working on this, by the way). And despite all of my flaws and shortcomings, an abundance of financial resources, or the lack ther

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Prepare for Your Life of Wonder: PLOW!

Modom Solutions

Jul 2, 2021
3 min

Prepare for Your Life of Wonder: PLOW!

I take the back roads to work each morning because I lack willpower. As soon as I catch a whiff of coffee or freshly baked biscuits or pastries, I pull over to buy something that I shouldn't. So I have created a routine that helps me avoid the things that cause me to struggle with my budget and yoyoing waistline. But I digress. While taking the back road to work one morning, I noticed a gentleman riding on his tractor, breaking up the land beneath it. I typically wouldn't tak

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Moments that Stick

Modom Solutions

Jun 27, 2021
4 min

Moments that Stick

... and they all cheered as he exited the vertical wind tunnel. I couldn't help but cry. I know, I know. I'm Charmin soft. At least I own it - LOL! Earlier this year, my wife and I celebrated eleven years of marriage. We've been together for 18 years - nearly most of my adult life. To commemorate our anniversary, we decided to visit Seattle, WA. We make our anniversary trip decision by choosing a major league ballpark to visit each year on our anniversary. My wife and I have

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KOBE

Modom Solutions

May 24, 2021
3 min

KOBE

Financial vulnerability is the optimal financial growth strategy. If you follow me on #IG (@ModomSolutions), you'll note that I post this sentiment a few times a month. I believe in the power of vulnerability: that being vulnerable - of course, in the right circles - is the genesis for exponential financial growth. Why? Well, canned financial strategies don't always address the real issue(s) we face. In some instances, they simply serve as an insufficient bandage that we lay

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Scaling Down is the New Rich!

Modom Solutions

Apr 14, 2021
3 min

Scaling Down is the New Rich!

I was watching a video on building my own tiny house the other day. Yes, it is my goal to retire in a tiny home, on a lake, with my wife, a dog, and as little stuff as humanly possible. Why do we need “stuff” anyway, right? Imagine how much more fulfilling life would be if we weren’t slaves to the American dream... The American dream for many of us has become tied to our ability to have a nice car(s), spacious home(s), great vacation(s), a comfortable living (the ability to b

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How Sturdy is Your Financial Base?

Modom Solutions

Apr 12, 2021
4 min

How Sturdy is Your Financial Base?

A client of mine exceeded her financial baseline the other day. It was a proud moment. She went from saving 20 dollars a week to 25 dollars a week. I was pumped!!! You should have heard me. I was screaming, 'Let's go!!!!' during our meeting. She was amused but did not understand why I was so excited. She quipped, "It's only five additional dollars." I said, 'Only??? Only???? No. Those five additional dollars represent how you've steadied the ship and have greater financial s

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Is it too Personal?

Modom Solutions

Apr 1, 2021
3 min

Is it too Personal?

If you've ever suffered through hearing me speak in a class, during an online course, or at a conference, you've heard me say that we have to find the delicate balance between the personal and relational sides of money. Money is personal because we have to be mindful of our beliefs (limiting or freeing), attitudes (optimistic or pessimistic), and behaviors (optimal or suboptimal) about money. Money is relational because we have to know how someone else's beliefs, attitudes, a

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Buy the Community.

Modom Solutions

Mar 25, 2021
3 min

Buy the Community.

Homeownership is not enough to close the wealth gap. There. I said it. Studies consistently show that Black households seek homeownership later, pay more over the life of their mortgage, are less likely to sustain said home, and see less home appreciation than their White counterparts. Homeownership is a step in the right direction, but we have to address the why behind these other issues. If careful consideration is not taken when purchasing a home, an unsuccessful attempt a

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I'm Built Different (Maybe???)

Modom Solutions

Mar 19, 2021
2 min

I'm Built Different (Maybe???)

Yo, real talk, I have been criticized every step of my financial wellness journey. None of those criticisms have deterred me from living my best life. I'm just built different. Everything I've done to improve my financial well-being, I did it before it was fashionable in the Black community. I cut my cable before cutting the cable bill was cool. I haven't had a car note for nearly 14 years. In fact, I've had the same car for 14 years. Now you know you get no love in the hood

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Forgiveness: A Path to Intergenerational Wealth Creation

Modom Solutions

Mar 3, 2021
2 min

Forgiveness: A Path to Intergenerational Wealth Creation

Admit it. We crave connection, acceptance, and intimacy. Finding and establishing a sense of belonging with our tribe is one of life's greatest joys. There is nothing more rewarding than experiencing the ups and downs of life with people who know, see, and accept us for who we are. Our social tendencies do, however, come with one major downside. Given enough time, we will either hurt or be hurt by someone close to us - oftentimes, family. This is not an "If" but rather a matt

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Different Does not Mean Deficient

Modom Solutions

Feb 15, 2021
2 min

Different Does not Mean Deficient

Honestly, I think the title says it all. Just because someone has a different financial perspective, method, or strategy than you do, it does not make their stance deficient. When we deny the space within our hearts to receive another person's ideas, we are signaling our deficiencies - not theirs. Instead of accepting the life-giving light of a new perspective, many of us prefer to droop like an unattended Peace Lilly. I hate to admit it, but I've allowed my ego to cause me t

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Connection

Modom Solutions

Feb 6, 2021
3 min

Connection

Awhile back, I had the opportunity to give a presentation to about 30 couples who wanted to improve their finances. The crowd was a mix of young and old, naive and mature. They were all rich, however, in their unique experiences with money. I enjoyed listening to them more than I enjoyed presenting. There is something powerful about hearing people's life stories. At least, for me, there is. During one part of the presentation, we would conduct a visualization exercise. The pa

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Out of Debt and Still Broke

Modom Solutions

Jan 28, 2021
3 min

Out of Debt and Still Broke

Believe it or not, you can be out of debt and still be broke. "How?" Well, let me explain. Being out of debt means, in most cases, that you are no longer using debt to finance your lifestyle and that you have sufficient cash flow to meet your lifestyle needs. This is a wonderful thing given that high-interest debt can be costly and place a real strain on your discretionary income. Discretionary income is the money you have left over after paying for taxes and necessary living

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Origins of Modom Solutions

Modom Solutions

Jan 26, 2021
1 min

Origins of Modom Solutions

For those who might be wondering, Modom Solutions, LLC was inspired by the good book. It's the combination of two words from one of my favorite passages on money - Ecclesiaties 7:11-12: "Wisdom is even better when you have money. Both are a benefit as you go through life. Wisdom and money can get you almost anything, but only wisdom can save your life." Modom is the combination of Money and Wisdom from this biblical context. Although money precedes wisdom in the way I meshed

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The Saved Effect

Modom Solutions

Jan 25, 2021
3 min

The Saved Effect

Have you ever experienced a fresh, straight out of the baptismal pool, saved, sanctified, and filled with the holy ghost Christian? You know...The one that used to be heavy in the streets - like heavy, heavy. The one that was never hesitant to tell you where you could take Jesus and stick him. The one who referred to your pastor as a pimp and the church as his... I digress. You get my point - LOl! Yeah, that friend, family, member, or associate. Once that person got saved, th

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Bet You Didn't Know This About the Tax Code...

Modom Solutions

Jan 23, 2021
3 min

Bet You Didn't Know This About the Tax Code...

I was scrolling through social media the other day and came across a video that proclaimed "Five Tax Hacks You Should Know!" Immediately intrigued, I stopped scrolling and lasered in on the content desperately wanting to hear something mind-blowing. As I had suspected, the person on the opposite side of the screen rattled off fundamental and clear guidance readily available and easily accessible to every U.S. citizen. The content was not a hack, a hustle, or a secret only acc

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Empathy

Modom Solutions

Jan 21, 2021
2 min

Empathy

It might be time to focus on you...

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Is This Your King???

Modom Solutions

Dec 5, 2020
2 min

Is This Your King???

B

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