I recently watched The Diary of a CEO’s YouTube interview with Morgan Housel (author of The Psychology of Money). The two-hour interview dives into many topics (such as investing, tariffs, the American economy, and psychological mindsets to accumulating wealth).

They had a brief dialogue about wealth and status. Regarding status, Morgan mentioned that we “have this evolutionary desire to show people that we made it.” Morgan is a wise person. He does not provide a clear-cut blueprint as to how to save and invest since every situation is different. His book and methodology are about the behaviors and actions we take (good or bad) to win the game of money.

As they spoke, I thought about the stark differences between wealth and status. The amazing thing is that you can fall into one bucket, and then perhaps hop into the other later in life (or vice versa). Some may simultaneously seek out both options.

Let’s first define both terms. “Wealth” is the accumulation of assets in the physical and liquid sense. Your total Net Worth (assets minus liabilities) is a key identifier of your wealth. Your bank account balance, investments, stocks, crypto, retirement balances, art/card/memorabilia collections, and paid-off house add toward your net worth (your wealth).

“Status” is your socioeconomic, or hierarchal, level in society (fame, viral sensation, number of internet followers). This fame can be achieved through positive, negative, or viral means. Famous people, rich people, athletes, and internet stars have a certain status attributed to them at some point in time. Your next-door neighbor may want to show off their “status” by flashing the possessions and the like.

I use the example I like to call the Equal Dinner Party. Imagine if every working person in America made an equal salary of $150K. Yes, this number is unrealistic, but follow me here. Let’s say you, I, and 98 people each attended a local dinner party/gala. All 100 of us work in different careers. One person works in tech, and another in finance. One is a Judge, and another a teacher. One flips burgers, another performs janitorial (trash) work. As the night progresses, we divulge about our careers during conversation. Many of us will acknowledge and carry on. Some people at the party will turn their nose at the idea of someone “flipping burgers or taking out the trash”. The techie may brag and boast, perhaps heckle the janitor. Speaking in jest whilst their income levels are the same. The techie brags about his home with the two-car garage (Tesla and Jeep in the driveway). Cartier watches on his wrist. And yet he still owes $300K on the house, $60K on the cars, and $110K on the student loans. The janitor drives a Rav4 and his wife drives a Toyota. He and his wife just paid off their credit cards and look to eradicate the $20K left on student loans. They are still renting, but diligently saving for a house. Their investment accounts are in the six figures, growing at a steady rate of 7%. The techie also invests — saving the company match (4%) with little room to contribute more.

It goes back to Housel’s statement that we love to seek validation and acceptance to be seen on a higher pedestal.

Status won’t save you when the economy is collapsing. Being wealthy is the clear option (albeit some of your assets are inaccessible until you retire). Status is often what you see, hear, or become — while wealth is invisible, quiet, and patient (unless you forcefully make it visible and loud).

If you think about how rich people act at times, it is almost out of an act of boredom. When you amass cash quickly and in short order, the urge arrives to seek other things to do and achieve. Think about the pro athletes who sign big contracts, then immediately buy homes and cars for their parents and themselves. Five to seven years later, when the athletic talent diminishes, they are left with nothing. The assets gained from the jump should have been crafted to build wealth instead of wasted frivolously.

Rappers, actors/actresses, and influencers get rich enough to pay for that oversized home. They get bored from being rich — so here comes the 24/7 nightlife, drugs, crazy trips, wild stunts, controversial actions, and jail time. They chase the status in order to be seen as immortal.

Donald Trump is wealthy, but in his current position, shows off his status and posture as a bully. Warren Buffett has amassed so much wealth but speaks about it with precision. He has lived in the same home he purchased in 1958. Michael Jordan is the proclaimed GOAT of basketball. His multiple income streams (Jordan Brand, ownership deals, etc) have made him wealthy. But he will be known for that status — his signature shoe brand, and the debatable GOAT of the NBA. Tom Brady falls in the same boat as the GOAT of the NFL. Kanye West is a billionaire but is more known for his status as a zealot, immortal, immune to consequences from his controversial and racist rhetoric. He still has millions of fans even to this day.

The proclaimed “Big 3” in rap — Kendrick Lamar, Drake, and J Cole — fight to remain at the top of the status mountain. Nicki Minaj is often referred to as the current queen of hip-hop. But there was a time when Cardi B took over, and then Megan Thee Stallion had her turn. Nicki seems to take it more personally, and may not want to give up her position.

Many “YN’s” in the hood like to post Instagram stories of their stacks of cash, and outfits. This turns them into an easy target by the feds and the opps. It’s a dumb way to show off status — giving the illusion that they are living an elevated lifestyle. If any of them were smart, that money would be locked into savings and investment accounts to grow.

For myself, I strive to achieve wealth. I work best when operating from the shadows, completing tasks, and making the right moves behind the scenes. My money grows quietly and silently. I have certain quirks in my wardrobe, particular vices, and obsessions, sure. Yet, I do not show off at all. I have no intention to seek fame or fortune. I plan to grow my net worth through hard work and dedication. “Status” is not for me. Maybe it works for you. If you like it, I love it. I would advise you to remain aware of your surroundings and stay humble. Do not make the mistake of the people arriving before or after you. Think through what you want to chase. Think thoroughly about the path that you choose to take.

Build your kingdom to flourish and give back to others down the line through the goodness of your heart. Is showing off, being boisterous and god-like the real sin in this whole thing?

Looking for an audio format of this article? Listen to the No Strings Podcast with Rell Simon. It’s available on all podcast platforms.

Pre-Article Thoughts: 2025 has arrived with a rocky start — prayers to the victims and loved ones of the New Orleans tragedy. The Tesla CyberTruck explosion has created cause & concern. An unexpected passing of someone adjacent to whom I have worked with suddenly passed. There is a lot of fear, anger, confusion, and worry with the upcoming inauguration on the same day as Dr. King’s holiday. I believe that demons still roam this Earth in a brand new year. The best we can do is to keep your loved ones close, help others where/when you can, remain in prayer, and remain strong. Take Care.

It’s time to get those New Year’s resolutions in order! I lied. That method of affirmation works for some and not for others. Instead, try to reset and recalibrate the specific areas that need improvement. Can you improve your physical, familial, spiritual, relational, and financial spaces? As the money fellow, here are a few ways I plan to recalibrate my finances for this year and beyond.

1. Elimination: I am cutting back on one splurge. My recent hobbies have been collecting trading cards and sports memorabilia. In person, I usually have a fitted hat on as a part of my outfit(s). I enjoy restaurants from time to time. “TikTok Shop” and “Whatnot” have wrecked my financial standing since October 2024. I am not broke, but it speaks to how powerful an addiction can become. Thus, I have chosen to eliminate shopping on TikTok Shop (which stopped in November anyway). My “Whatnot” and “Hat Club” spending will be greatly reduced. My tactic when eating out is to carry more cash to create a hard spending limit. My reminders will be written in my journal and phone. Now it’s your turn: what are you eliminating in 2025 that ran rampant for you in 2024? Perhaps it is credit card usage, Amazon purchases, visiting the mall, or cutting something else out.
2. The Naming and Assigning Method: I have money in reserves for emergencies. My addictions caused me to dip into those funds. I have multiple savings accounts aside from my checking account. I have chosen to rename my accounts to make my life more simpler. I have renamed my accounts to “Rent & Bills”, “Travel & Event”, and “Emergency Fund”. Renaming my bank accounts allows a simpler system of assigning your money. The next stage of my recalibration process is to migrate the emergency reserves into a high-yield savings account. That way, the money can grow as it sits. The money experts all recommend this tactic of where to stash those funds. I did not pay it any mind, and I realize the importance of this now. You have to take a stance of self-control. You must save yourself, from yourself. Every dollar has a job to provide us with financial peace this year.
3. Pay Yourself First: This one is so cliche, and always overlooked. I would always budget out rent first, then bills, groceries, and credit card payments (if applicable), and THEN save/invest what is left over. I have changed my order of operations. Rent is budgeted first, followed by saving/investing, then everything else. Once again, this is a practice of self-control with your finances. Commanding where every dollar goes is crucial. I have been cooking more at home. My grocery trips have alternated between Whole Foods and Aldi. The little things I enjoy will remain but with a greater awareness of spending and resources.
4. Twenty-Six Times: The average American is paid bi-weekly. This amounts to around twenty-six (26) paychecks in a given year. The maximum contribution limit for a Roth IRA in 2025 is $7000. If you contribute $270 from each pay, you will max out the Roth at the end of the year. How much money do you need to have a fully funded emergency fund, down payment (for a home), or vacation fund? Multiply or divide by 26 to map out your goals over a year. If you have more wiggle room in your finances, accelerate saving to meet those goals.

At the end of the year, we tend to drag towards the finish line. It gets colder outside, and the holidays allow for more relaxation (being lax). When the new year arrives, those sparks of commitment light on fire. Allow your mindset to shift a little. For me, saving (emergencies, retirement, travel) and giving (tithing, donations) are a priority every single month. Recalibrate your financial life and keep the momentum running through 2025 & beyond!

Looking for an audio format of this article? Listen to the No Strings Podcast with Rell Simon. It’s available on all podcast platforms.

Just how powerful are numbers? Most of us went to grade school and took mathematics, algebra, statistics, etc. We (hopefully) learned addition, subtraction, multiplication, division, percentages, totals, medians, averages, and exponentials. Your date of birth, social security number, and phone number are all unique to you. Each numerical month, day, and year on a calendar signifies something special to the EIGHT billion (8,000,000,000) people on this planet. Numbers create order, are implemented to regulate goods & services (ex. groceries, the price of a plane or concert ticket), relay vital health data (your weight, blood sugar, or cholesterol levels), and also signify status (for good and bad). Numbers tell stories with solid truth and facts to support them.

We perform routine tasks in numeration every single day: the time we have to wake up, how many cups/pieces of [breakfast item] to consume, the size (in ounces) of the coffee to drink, the distance to drive/transit to work, the alphanumerical password to log into your account computer, the number of human interactions you encounter, the total price (dollar amount) of your lunch/groceries, the number of times that the baby changed diapers, the number of text messages sent/received.

We sometimes set standards and goals based on numerical value. Would a woman date a man based on how much money he has? Would a man date a woman based on the number of children she has? Flip the questions around and each answer would vary based on that individual preferences. Would you ask your lover how much debt they have before committing to marry? How many books did he/she read this month? How many pounds did he/she lose this week? How many shots are we taking at the bar tonight? How many book-bags were donated at this year’s school drive? Typically, the response to each question would involve (or the temptation to increase/decrease or react based on) a set number.

In the financial world, your outstanding debts will cause a reaction. Listen to any callers on Dave Ramsey’s show (I have $150, $225K of debt). The expectation from the caller is to work to eliminate that. A caller revealing their net worth will cause another reaction (No debt, my total cash, investments, and home equal $850,000). Credit scores are another set of numbers that influence how much you can borrow, mortgage, or apply for. For me, I felt shame seeing the balances on my credit cards and student loans SEVEN (7) years ago. FIFTY-EIGHT thousand (58,000) dollars of debt emotionally affected me. The calendar year of 2017 in my life is night and day compared to 2024. March 19, 2021, was the day I became debt-free; another set of numbers I will remember forever.

Rarely can you watch or listen to a financial guru not use numbers in their broadcast to relay their message. Numbers, data points, and historical context are key to relaying the stories and blueprints for financial success. Take a few points listed below from persons that I follow:

• Dave Ramsey has his famous SEVEN (7) Baby Steps — one of which is to have a starter emergency fund of ONE-THOUSAND (1,000) dollars.
• Brian Preston & Bo Hansen recommend you save TWENTY-FIVE percent (25%) of your income towards retirement.
• Rose Han, in a recent YouTube video, shared FOUR (4) skills you need to have for financial freedom: Earn Money, Save Money, Invest Money, and Spend Money.
• Humphrey Yang, in a recent YouTube short, prefers using the 60–30–10 Rule with your money: allocate 60% towards your needs, 30% towards wants, and 10% (at the bare minimum) towards savings. Many of his shorts are list-based (ex. 3 Bad Money Habits You Need to Avoid, Do These 5 Things Right After You Get Paid, 3 Signs You’re on Track to Be a Multi-millionaire).
• Anthony O’Neal sent out an email newsletter to promote his Millionaire Masterclass. His stat: The median value of stock holdings for White families is approximately $51,000, compared to $15,000 for Black and Hispanic families (source: USAFacts). He asks his subscribers, “Would you rather have $51,000 or $15,000 in investments?”
• Morgan Housel revealed his saving strategy (from his book The Millionaire Next Door), stating that “we also keep a higher percentage of our assets in cash than most financial advisors would recommend — something around 20% of our assets outside the value of our house…….we do it because cash is the oxygen of independence, and- more importantly- we never want to be forced to sell the stocks we own.”

Depending on your yearly salary, you fall under the 10/12/22/24% tax bracket. Your income may come from working a 9–5 job (or a different hourly shift). The recommended tip at a restaurant is FIFTEEN percent (15%). The suggested tithe at Church is TEN percent (10%) of your income.

Two of the most frequent numbers used in financial speak (in my opinion) are ZERO (0) and ONE-MILLION (1,000,000). Many people wish to become debt-free, which requires having zero liabilities. Having zero funds in your bank account — or zero gallons of gas in the car — is a stress factor. When someone says “I’m broke”, the assumption is that they have zero dollars to spare or spend. Many people wish and dream of being a millionaire. The cliche phrase is “If I had a million dollars, I would…”. The finance gurus want you to aim for $100,000 of net worth, then work on $1 million to signify true achievement. Some people are $1,000,000 in debt right now. These two numbers alone can tell a multitude of stories good and bad. They quantify just how well off or away from the path you truly are.

Numbers are key to relaying historical data. When investing, it is important to pay attention to the S&P 500 (yet another number) Index — which tracks the top five hundred publicly traded companies in the U.S. Per Creative Source, the yearly percentage return of the S&P has been negative only three (3) times in the last twenty years: in 2008 (-37.0%), in 2018 (-4.4%), and 2022 (-18.1%). Back in 2008, the housing market crashed, causing major financial catastrophes rarely seen since The Great Depression. It’s otherwise a safe bet to invest your money into funds that mimic the S&P. In 2009, the market rebounded up 26.5%; in 2013, it was up 32.4%; in 2023, up 26.3%.

Discussing numbers would require multiple articles and podcast episodes. In closing, I hope that you take away the power of numerical data as it vitally shapes our lives. The last important number I will share is ONE (1). You only have one life to live and enjoy the fruits of your labor. People are depending on you during the only shot given on this Earth. What steps will you take during this one lifetime to build and grow for the benefit of society?

Looking for an audio format of this article? Listen to the No Strings Podcast with Rell Simon. It’s available on all podcast platforms.

I ask and will define the question of what is an infinite loop. From Wikipedia: In computer programming, an “Infinite Loop” is a sequence of instructions that, as written, will continue endlessly, unless an external intervention occurs, such as turning off power via a switch or pulling a plug. It may be intentional.

How are you doing right now? Are you currently broke, or feel like you’re broke? Are you relying on debt to survive? While mortgage or student loan debt appears to be the ball-and-chain that ties us down for years, it’s the credit cards that keep us in a cycle — a “debt loop”, as I am defining it.

CNBC released a YouTube video on August 5th, titled Why Homeowners Are Struggling To Afford Monthly Expenses. They noted this statistic: 82% of home buyers said they regret their purchase, with 44% saying they’ve had to take on additional debt to maintain their standard of living. Too many Americans become house-poor; the honeymoon of living in that brand-new home wears off after a few months. By overestimating what you can afford, you fall into the debt loop — having to pay for home (or other) expenses on credit.

The following stats are from Bankrate’s 2024 Credit Card Debt Report:

• 44% of credit cardholders say they carry card balances from month to month, according to Bankrate’s Chasing Rewards in Debt Survey.
• 36% of U.S. adults have more credit card debt than emergency savings, according to Bankrate’s 2024 Emergency Savings Report.
• 47% of U.S. adults who say money negatively affects their mental health, at least occasionally, cite being in debt as a reason why, according to Bankrate’s latest Money and Mental Health Survey.
• 38% of U.S. adults are willing to go into debt for discretionary purchases this year, according to Bankrate’s Discretionary Spending Survey.
• 67% of Americans with credit card debt still make an effort to maximize credit card rewards, according to Bankrate’s Chasing Rewards in Debt Survey.

Let’s break each point down here. I would fall in that 44% camp as a technicality. I use my cards often, and there’s a small balance (if any) near the end of the statement cycle. Some people churn credit for the rewards, while others don’t make or budget their money well to survive. I’m using my cards to gain the rewards points for travel — and must be cautions that I don’t fall back into that loop.

Having more debt than emergency savings will keep you in that loop. Are you currently bypassing your saving to keep the debt down? Is your E-Fund strong enough to absorb the blow of when something unfortunate occurs?

Being in debt can be stressful. It traps you, forcing you to run like a hamster in a wheel. From work, health, and relationships, life is already stressful enough. Make money your tool for freedom, not your blanket for stress.

Thirty-eight percent (38%) of adults are willing to pay for clothes and vacations on credit. I actively save for retirement and have a well-cushioned E-Fund. The temptation to buy shoes, hats, travel, and Amazon, has kept me in a (small) debt loop this year.

Are you using credit cards with reckless abandon, or as a strategic play (like the 67% of Americans surveyed)? For some, the rewards outweigh the risk. You work to gather enough reward points to travel or make a big purchase. Depending on the card issuer, points expire. If you have them, make sure to transfer over to the affiliated hotel & airline partners. PAY OFF your cards before the next monthly statement cycle.

Let’s transition to talk about “The Fed”. The Federal Reserve is the central bank of the United States. It is responsible for setting interest rates, regulating the financial market, and managing the money supply. When the Fed RAISES interest rates, it sends a message to Americans to curb spending and borrowing. (For example: a 7% interest rate on a mortgage is considered high, which would repel prospective buyers from trying to purchase a home at that time.) When they LOWER the interest rate, it incentivizes the need to go out and spend. The temptation is present to borrow more money or take out a loan/mortgage. This cyclical nature of adjusting your purchases (based on how the Fed makes actions) can be a form of a debt loop. The US Govt. is trillions of dollars in debt, and will likely never get out of their loop. I’m not suggesting to ignore the Fed completely. Rather, you should save enough money for the house down payment or vacation and be in control of your finances.

As you get older, numbers matter more: your physical age, net worth, mortgage balance, yearly salary, kids tuition, and parent’s nursing home fees (to name a few). Can you imagine yourself being 60/65 years of age and still trapped in a debt loop with other responsibilities?

I saw a post on the r/Discover subReddit from user Throwaway92394292. They shared a screenshot of a paid-off Discover Card ($8,160.26). They commented, “Paid off 11k on Capital One, and $2500 off my Apple Card. Completely debt-free now, [and] don’t think there’s a better feeling. Had around $25k debt for two years”. This is a success story of someone in the debt loop for two years and hopped off of the ride. Will the loss of self-control draw this person back in? We can’t predict the future. The best outcome is to operate with a positive mindset day-to-day.

When you are broke, you fall into the debt loop to scrape by. When you go on vacation and are short on cash, you call into that debt loop with the credit cards. There is NO WAY that the boat party, group tour, or shopping trip is missed out on just because payday is the week after. To quote SmartMoneyBro from YouTube, “Being broke and on vacation does not match.”

Debt is not sexy or cool, but crazy. (Side Note: only the group TLC can be CrazySexyCool). I think you should analyze your relationship with debt and where you stand. We are habitual beings, and will fall into certain patterns. Remaining in the infinite loop of debt will cause a burden on yourself, family, and future generations. Will your own personal “sequence of instructions” keep you from living the best life possible? Or will that external intervention — hopping off the ride, pulling the plug — cause you to course correct your financial well-being?

Looking for an audio format of this article? Listen to the No Strings Podcast with Rell Simon. It’s available on all podcast platforms.

A TikToker who goes by @theblaiseyarnold went viral with her video explaining her household’s monthly car payments. Her husband drives a 2020 GMC AT4 Sierra 1500. It was financed in 2022 for $78,000, and they currently owe $74,000. The monthly payment is $1600/mo. Her own car payment is $1400/mo. That equates to a $3000 burden every single month. If you thought YOUR car payment was bad, think again!!! At the end of her video, she ponders if they should sell both vehicles…and still keep the Audi they have in the driveway!

Cars are typically the second largest financial purchase you will make (with a home taking top order). Per Cox Automotive, the average price for a new car in 2024 is $47,433. According to bankrate.com, the average monthly car payment for new cars is $738. The average monthly car payment for used cars is $532. The average cost of car insurance is about $193 per month. That totals $931 (for new), and $725 (for old)….and your vehicle ain’t even eat yet (aka, have a full gas tank)!

I watched JJ Buckner’s YouTube video on the topic back in May and he is quoted as saying “car payments are killing the middle class right now. They’re killing everyone- I mean besides the ultra-rich but they probably don’t have any car payments.” The 15–20% interest rate keeps the middle class from having more finances for food, savings, investing, or vacations. Car dealerships will sleazeball you into signing your credit and life away. Exersise caution when agreeing to these auto loans.

I do not have a car and have never owned one. My living situation and lifestyle do not warrant one at the moment. So I cannot speak on the true experience of everything that goes into owning/maintaining a vehicle. I also understand that your mode of transport requires a car due to kids or a lengthy commute to work. For some, it’s a necessity to have. For others, it is a status symbol to show off wealth. The excitement of leaving the lot with that Honda Accord, Hyundai Tuscon, Toyota Corolla, Tesla Model Y, Dodge Charger, Chevrolet Silverado.

Before entering the dealership, think extensively about which vehicle you seek to purchase. The vehicle brands I previously mentioned are in the money making business. The dealerships will sweet-talk you into disadvantaged math. Whenever I do buy a car, I hope to pay for most if not all of it in cash.

YouTuber Caleb Hammer interviewed a couple who owed $56,000 on their 2020 BMW X1. Her monthly payment is $1140. Her husband tried to talk her out of it and she said no. The term length is six years with a 15% interest rate. The current value of that car today “is probably $8,020”. This lady is driving a vehicle that is only worth 14% of how much she owes on it. Vehicles depreciate as soon as it’s driven off of the lot.

A colleague recently bought a 2024 premium edition Toyota for under $40,000. He wanted the Premium Version because “it came with everything” (with upgrades). The trade-in value for his last car was only $1000. With a 10.5% interest rate currently owed, he plans to refinance in two years. He is paying around the monthly average ($738) for a new payment. To his credit, he is close to paying down the home he shares and has no student loan debt. However, it is frowned upon in the personal finance community to take on that much consumer debt. How much does it cost to own the fancies of the “American Dream”? Financing vehicles, leasing every few years, keeps you in this “debt loop” as I would define it.

Imagine you are 30 years old with no investment savings — planning to retire at 65. If you invested that average monthly car payment of $738 into the stock market, with the average return being 10%…you would retire with $2,801,918.88. If you are 35 years old, that magic number would be $1,668,240.09. (Credit to the AnthonyOneal.com Wealth Projection Calculator used for calculating.)

There is power in owning things with no strings attached. Pay off the principal & interest on the home mortgage. Your college degree will look shinier on that bookshelf when the student loans are eliminated. Pay off that car and keep it until the wheels fall off. By then, you would have situationally saved enough to purchase another vehicle with cash outright.

Check out the TikTok account @Beebo. He posts many of his towing jobs, many which involve cars with stolen wheels. The vehicles are being left on bricks, crates, or on the ground. The heists occur in DC, Adelphi, Upper Marlboro, Laurel, Morningside, Capitol Heights, Tysons, and all over. The thefts are random; in car garage complexes, hotel parking lots, on streets. It’s an issue causing distress and threatening the safety of the community. Make sure to take extra precautions to protect yourself.

Looking for an audio format of this article? Listen to the No Strings Podcast with Rell Simon. It’s available on all podcast platforms.

A TikTok clip appeared on my feed weeks ago and I had to bookmark it. From the account DarkTales Animations, they break down an example of a monthly budget, filled with bills and payments.

MONTHLY INCOME is $3,500

RENT is $2,000

CAR PAYMENT is $500

CAR INSURANCE is $200

HEALTH INSURANCE is $200

PHONE BILL is $100

WIFI BILL is $50

LIGHT BILL is $150

WATER BILL is $100

The BALANCE is $200

There are two glaring omissions here: savings and food expenses. The other responsibilities prevent you from being future-focused. There is little room to survive on this sample budget. Does life currently fee this way for you?

You did your budget for the month, with all the bills & payments accounted for…and you ain’t even eat yet. I can admit for my budget, I prioritize the bills and savings, and dedicate the rest to groceries. The struggle occurs two, five, and seven days before the next pay and you are flat broke without wiggle room. You try to work magic with what’s left in your fridge & pantry.

The American Dream is full of necessities and expenses. Needs to tend to before you even eat. Some are good… and others not so good.

You finally sit down with the family to eat. But none of y’all ain’t even speak yet because the cellphones are at the table.

Your spouse or co-parent is getting on your last nerves, and you ain’t even eat yet.

You went to the corner store to buy a honey pack and alcohol…because you are dying for some booty…and you ain’t even eat yet.

At work, the coworkers and supervisors are hassling you all morning…and it’s not even your lunch break yet.

You rushed to the airport to catch a morning flight. Due to a CrowdStrike software update patch, your boarding passes won’t print. The airline kiosks don’t work. Flight cancelled. You have not eaten your breakfast yet.

You ain’t even eat yet, because you want a Whopper Meal from BK. It costs you $12.99 and you refuse to cave in. You can’t even go to Five Guys because a burger & fries costs $20. You haven’t even purchased a soda yet. Will you, the spouse, and the kids divide the burger into four pieces?

In 1994, a McDonald’s Big Mac Meal (w/ fries & drink) was $4.59 in some places. Thirty years later, it’s $9.49 in DC. In NYC, $14.89. A 106% and 217% increase in price (respectively), partially due to inflation & corporate greed.

You spent $200 on Jordan Space Jam 11s, or $500 on Sephora’s self-care beauty haul…and you ain’t even eat yet. We live in a society based on consumption and consumerism; the need to fill our lives with stuff before filling our bellies.

Unfortunate situations occur….but sometimes, the sacrifice is necessary.

You ain’t even eat yet because your children have to eat first. I salute you for that because that is the reality of life in this economy.

You ain’t even eat yet as you sit with your loved one in the hospital, not to leave their side as they recover. I love that example of selflessness and humanity.

You haven’t eaten because you are fasting, staying faithful to your religious teachings.

You haven’t eaten yet to reach those weight loss and health goals.

It’s important to nourish your body and mind in the most wholesome ways possible. Food may be of the edible kind; or reading books to feed the brain; exercising to feed the body; attending church to feed the spirit; and spending time with family to feed that bond. Your trials & tribulations are temporary; do not let a certain phase of your life overwhelm you. Just because you haven’t eaten yet does not mean you won’t in the future. Your budget may change. Your income and opportunities may increase. Your light at the end of the tunnel will reveal itself.

Looking for an audio format of this article? Listen to the No Strings Podcast with Rell Simon. It’s available on all podcast platforms.

1. Tumblers, cups, and canteens. Is the craze over the $35–45 Stanley cups over yet? They went viral on TikTok for their pretty colors and designs. Consumers hoarded (or stole) whatever they can get their hands on. YETI tumblers similar to a Stanley cost around $45. Their cheapest cooler is $250. The brand name and social media influence draws you in. Do not fall for the hype. Visit your nearest Marshall’s, or TJ Maxx to find a similar design for much less.
2. Cable bundles. Phone, internet, and cable bundles are relics of the past. Purchase internet separately. Then buy internet cable such as Sling or Youtube TV. Next, choose the best streaming service specific to your needs (Netflix, Disney, etc.) Cable bundles can cost over $150, loaded with channels you won’t watch.
3. Luxury gym memberships. Universal access to all Equinox gyms in Washington D.C. costs $257/month with a 12-month commitment. That equals $3,084/year. Only you would know if access to the classes, yoga studios, basketball/squash courts, and steam rooms is worth it. F45 fitness memberships fall in the range of $170-$250 monthly. I believe that health is wealth, but you must evaluate how much you will commit to it. I was a member of Washington Sports Clubs a few years ago. I dropped the membership since my apartment has a workout room — and a walking/bike trail just a few feet away. Make sure you seek alternative ways to work out. Outside is a natural playground.
4. Whole life insurance. I need to review my life insurance policy with my employer. I advise you to do the same, or immediately purchase a policy. In short, life insurance covers the cost of expenses when you die (funeral, burial, etc). Your insurance may also cover your family’s expenses, such as school tuition. Coverage depends on the chosen length (5, 10, 20 years coverage) and financial amount ($500K, $1million, etc.) Experts suggest term over whole life insurance because of the lower annual premiums you will pay in addition to other flexible options. You will save money by investing in the right policy that suits your needs.
5. Luxury designer outerwear (Canada Goose $1K jackets). I’m browsing Reddit every day. Visit the r/NYStateofMind or r/TheCapitalLink subreddits enough, and you see photos of folks dripping from head to toe. That picture is either taken out in the streets or while being arrested. Puffer jackets are in right now. The Canada Goose brand starts at $1100. Add on sneakers, jeans, a shirt, and “Sheisty”, then you have one month of rent all over your body. Purchase a puffer jacket from H&M or Uniqlo for much cheaper.
6. Upscale luggage. Starting at $650 and up, TUMI is elegant luggage defined. The price point is expensive, even if you are a frequent flyer. Away ranges from $275–745, while Monos goes from $255–455. I still own a large suitcase purchased from Marshalls years ago ($60), and a travel backpack from Amazon (last year, $40).
7. First Class flight tickets. Use credit card reward points to purchase first-class clights. A ticket on Emirates from Dulles (Washington DC/VA) to Dubai first-class can cost around $21,965. When using certain credit cards often, you earn rewards points that can transfer into partner accounts (such as airlines or hotels). Those points (or miles) are used to book flights & hotels at a fraction of the cost. Each airline differs; in the case of Emirates, you can transfer rewards from Amex, Capital One, Chase, or Citi, into Emirates’ Skywards Miles. If a first-class flight costs 182,000 miles, and you transfer over 70,000 points, there remain 112,000 miles to earn (or buy). Depending on your membership status, you can purchase up to 200,000 miles at the cost of $30 per 1,000 miles. $6,000 gets you 200,000 miles. $3,360 gets you those 112,000 miles needed to book that round trip from DC to Dubai.
8. Full Price on subscriptions. Take advantage of free trial offers and promotional periods. For example, I renewed my MAX subscription for the Black Friday 2023 offer for $2.99/month, for six months. T-Mobile offers a discount if you add Netflix to your cell phone plan. Purchase Walmart+, and Paramount+ are included. Type into Google “promo codes [the product/website you are buying]”. Before I purchase my Seed brand probiotics, I check Google (or my email inbox) for any active promotions. Savings can be anywhere from 10–25% off. When my order arrives, I cancel the subscription until I am running low. I will then search for another promo/discount code before renewing.

Be savvy, frugal, patient, and observant. Take advantage of the deals and sales that arrive every so often. Perhaps you make the argument to invest wisely in gym memberships and flights since those contribute to longevity and life experiences. Everything else is within reason to purchase for cheap. Homes, vehicles, mattresses, tech, and watches (to name a few) are justified purchases where you must account for longevity and value. It’s foolish to waste money on items deemed as high-value. You can still be fashionable on a budget. When you begin to live a “No Strings” lifestyle, the pressure of consumerism will disappear.

Looking for an audio format of this article? Listen to the No Strings Podcast with Rell Simon. It’s available on all podcast platforms.

As I cleaned the bathroom and dusted my entertainment center, I pondered, why can’t things stay CLEAN? The carpet, laminate floor, bathroom, kitchen, clothes, car, and patio always need to be attended to. Ask your children to clean their room, and they rebelliously tell you “No”. The dirt and dust will accumulate without addressing it. I currently have a storage unit to house my art, Rubbermaid totes, and other items so that my apartment is less cluttered. I found out that the monthly fee will increase next month. Is this the price I have been summoned to pay for tidiness? Cleaning becomes commonplace in your life almost as much as eating & sleeping. Fellas, a woman will judge you based on your wardrobe, wallet, kitchen, and bathroom. For some, cleaning is tedious; for others, it is therapeutic. Cleaning (like everything else in life) requires work and patience.

Apply the “cleaning” mindset to your finances. Take Jane and Jack for example. Jane has grad school loans from three different lenders. Jack has five credit cards open with varying balances. Jack and Jane have money tied up in multiple areas, creating financial challenges. I would advise them to focus, allocate resources, and budget. To live a “No Strings” lifestyle, you must begin to address the faults & obstacles holding you back from success. You may have some personal demons, body weight or muscle deficiency, employment struggles, defaulted loans, or anything else. The first step is identifying your needs and working towards a positive resolution. When your financial house is in order, it opens doors and allows you peace of mind (& less stress).

According to BestColleges.com, The average federal student loan debt in the U.S. is about $37,090. In 2019–2020, the average student loan amount borrowed for a four-year bachelor’s degree was $30,500. That is around a 21.6% balance increase between now (2024) and then. The pauses on loans during the pandemic were special, but all debts must be paid eventually. Call your loan servicer(s) and ask to consolidate your student debts. Explore income-based repayment plans. Most importantly, find room in your budget to make chunk payments over the minimum monthly balance.

According to LendingTree.com, the national average card debt among cardholders with unpaid balances in the third quarter of 2023 was $6,993. (For many of my Maryland podcast listeners, the site’s data ranks the state as 2nd highest in average credit card debt ($8741)). As Dave Ramsey would say, eliminate credit card debt by cutting them up. How you approach it is your choice; exercise self-control with your spending habits. Research balance transfer options: move the debt from Credit Card A (with a balance of $1500 and 29% APR) over to Credit Card B (with a $900 balance, and 0% APR transfer promotion currently active).

Get things off of your record to improve your credit score. Pay off your back taxes if you owe. Address old vehicles, tags, and titles in your name. Pay off the outstanding tickets on your car. Push the payday loan servicer (for example, ACE Cash Express) out of your life. The hospital bills are way past due. Your business/start-up/LLC went bankrupt and you may still owe to lenders/IRS. You may be behind in child support or alimony payments. These are legitimate examples of financial distress. You may be going through a crisis right now. Keep your focus, pray a little, and grind to clear your ledger.

Doing a budget allows you to categorize your finances in the best way possible. By assigning your hard-earned dollars, you regain order and control. Similar to putting the toys back in the bin, or utensils back in the drawer- your finances will be nice and organized. Ready for use when needed.

A solid emergency fund gives you a trampoline to bounce back on when life happens. Let’s compare an emergency fund to the bulk packs of toilet paper or paper towels from Costco. The amount you pay for is more than what you immediately need — but lasts an incredibly long time. Compare this to being on the last roll/last strip, and then scrambling to Target for a two or four-pack. Imagine if you need new car tires and then scramble to Goodyear to pay for a set using a credit card (since you have no E-Fund). Compare that to having money in an E-Fund to pay for them with no stress.

When we declutter our home by picking up those clothes and toys — cleaning those dishes while cooking — and shining up those dress shoes for the work week — it helps to calm our minds and breathe. Let’s do the same to our finances by stepping down to only a few credit cards, paying off debt, consolidating & streamlining our open (savings/investment) accounts. I seem to breathe a bit better once I have cleaned and dusted the home. Here’s to hoping you can do the same in 2024.

Looking for an audio format of this article? Listen to the “No Strings Podcast with Rell Simon”. It’s available on all podcast platforms.

You have seen or heard it on the news and your social media feeds. The high-end robberies of Louis Vuitton, Gucci, and Burberry. The low-end robberies of Target and CVS. Organized retail crime (ORC) has occurred across the country over the past few months. From the northwest to the midwest and west coast, no retailer is safe from it. This new trend of committing crimes in packs is often fueled by social media. Today, I will delve into what has occurred in certain cities, plus the ramifications of such actions.

Philadelphia, PA

“Dozens of people faced criminal charges Wednesday after a night of social media-fueled mayhem in which groups of thieves, apparently working together, smashed their way into stores in several areas of Philadelphia, stuffing plastic bags with merchandise and fleeing, authorities said.” “The flash mob-style ransacking Tuesday night at dozens of stores including Foot Locker, Lululemon and Apple…” “At least 18 state-run liquor stores were broken into, leading the Pennsylvania Liquor Control Board to close all 48 of its Philadelphia retail locations and one in suburban Cheltenham…”

San Francisco, CA:

“It didn’t take long. Within the first hour of being at Walgreens on Geary Boulevard at 17th Avenue in San Francisco, we witnessed multiple shoplifters.”

“One of them even took the time to explain why he simply didn’t pay: “It’s San Francisco, Bro.””

Off camera a Walgreens employee told me they are hit 15 to 20 times a day. Out of frustration a week and a half ago they decided to chain up their freezer section.”

Portland, Ore.:

“This week, Target announced that it will close three of its Portland locations, citing losses from shoplifting and more organized forms of theft. These stores join a wave of post-pandemic retail closures in Portland — and while not all of these companies indicated that theft was the main reason for closing up shop, it’s a trend that city leaders are desperate to reverse.”

“Perhaps the biggest blow to Portland’s central city came from the announcement in April that outdoor retailer REI will close its longtime location in the Pearl District. In a letter to REI members, the company cited concerns over safety and an increase in crime over the last few years as primary reasons for the closure.”

“Retail giant Walmart really got the ball rolling on major store closures in Portland. The company announced in February that it would close its Hayden Meadows Supercenter in Delta Park and its Eastport Plaza Supercenter off 82nd in Southeast Portland by the end of March, impacting nearly 600 employees.

While shoplifting was already a major narrative at the time, Walmart did not explicitly cite theft as the reason why it had decided to close seven locations across the U.S. at that time, saying simply that of the company’s 5,000 stores, “unfortunately some do not meet our financial expectations.”

These two locations were the only ones located within Portland’s city limits, but Walmart had 17 other stores in the Portland and Vancouver metro area.”

Target Stores:

“The closings, which take effect on Oct. 21, include three stores in California’s Bay Area; three stores in Portland, Oregon; two in Seattle; and one in New York City.” “[W]e cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance,” Target said in a statement. “We know that our stores serve an important role in their communities, but we can only be successful if the working and shopping environment is safe for all.”

Lastly — here in Washington DC:

via Washington Informer:

“Ann Thompson has been a regular shopper at the CVS in the Northwest D.C. neighborhood of Columbia Heights, but has recently been disappointed with her shopping experience because the shelves are bare of the products she needs due to the high level of shoplifting that has taken place.”

via Washington Post:

“In the coming weeks, a Giant Food market in D.C. will clear its beauty and health aisles of all national labels. No more Tide, Colgate or Advil, only store brands. Shoppers also will have to present their receipts to an employee before exiting the store.

It’s the regional supermarket chain’s most overt gambit against the rampant theft that’s plaguing retailers of all sizes. It’s also a potential last-ditch effort to avoid shutting down the unprofitable store on Alabama Avenue SE — the only major grocer east of the Anacostia River in Ward 8.”

An article from DCist regarding that same Giant Store:

“A Giant spokesperson assured the public that the company does not plan to close the Ward 8 store in a statement to DCist/WAMU. But at the same time, they warned things have not gotten better: “The reality is that theft and violence at this store is significant, and getting worse, not better… We have invested in a host of measures to mitigate the issue at this store, and across many stores, but we also need the help and partnership from the community and local officials to truly combat the theft and violence that continues to escalate.” …. and in particular, the entire article adds interviews with various people living in Wards 7 and 8. Persons living in this location statistically have the lowest incomes in the city. They voice their displeasure over the possible closure of that Giant supermarket. Many have disabilities or issues with transportation. Keeping a supermarket within walking (or a few bus stops) distance is vital. The residents already have limited options to access nutritious food in that part of the city.

Retailers combat ORC by implementing anti-theft methods. Specific products are locked away to deter an easy steal (detergents, hygiene products, over-the-counter meds, which get resold). Security contractors are hired to monitor the stores. When these measures fail, this creates further profit loss. When a store is in the red, the decision to cease operations can occur. Employees either get laid off or relocated. That favorite Target store to grab your toilet paper, eggs, jeans, and prescriptions vanishes. When one store leaves, others surrounding may follow suit. Downtown retail spaces become empty. Persons in that neighborhood must now travel farther to shop. Perhaps the solution is to shop online only. Not exactly, since package theft has also been a concern.

A majority of thefts (unfortunately) are executed by my fellow African-American brothers and sisters. Let’s also speculate this trend is fueled by millennials with nothing better to do. We tend to harm our communities out of desperation, anger (as seen post-protest in Minneapolis and Seattle in 2020), or for the thrill. At this point, thieves will take anything not chained down or locked up. What a sad state of affairs we live in.

The economic impact of retail theft requires action from our local leaders to enforce more policies or ideas to remedy the situation. It’s not simple since each state has its own set of specific laws. Shoplifting an item under a certain dollar limit would be considered a misdemeanor over a felony -depending on the state in which the crime occurred. Would the police bother to get involved to halt a misdemeanor? Would the store security or employees attempt to play hero and stop the crime? Doubtful. As seen in Philadelphia, the police were swift to act due to the sheer destruction and chaos caused by so many people in a short time span.

Per a Today Show video on YouTube, losses from organized retail crime totaled $112 billion dollars in 2022. From the same video, new anti-theft tactics are being developed for retailers. More A.I. integration in stores. More cameras, sensors, and audio devices for certain aisles when there is a suspicion of stockpiling more than one product. Store employees to be outfitted with body cameras (not as robust as the police body cams, but still). Dispenser systems requiring both hands to unlock a product similar to a vending machine. Innovative and preventative measures for sure; cumbersome and unnecessary may be the popular opinion.

We can only hope for the chaos to subside and for the knuckleheads to finally use some common sense. The financial and societal implications of ORC cannot be ignored.

Looking for an audio format of this article? I have my own podcast — “No Strings Podcast with Rell Simon”. It’s available on all podcast platforms.

Almost every establishment you do business with (except for clothiers, big box retail, utility companies, gas stations, and others) offers the option for tipping. You can tip at restaurants, coffee shops, movie theaters, salons/barbers, auto shops, spas/parlors, and through delivery apps. Years ago, 10–15% seemed like a reasonable amount to tip for services offered. Recently, people have argued and debated that 15%-18% (or even 20%) should be the norm. In essence, these numbers HAVE become the norm. Seen more prominently in restaurants, service charges are now included in your bill, before you even decide how much to tip. I will opine on quotes from a few articles regarding the matter, and on tipping culture as a whole.

Customer service and hospitality jobs can be challenging work. Working in a restaurant or coffee shop requires speedy and efficient service, with a friendly demeanor to boot all in one package. Unfortunately, some customers reciprocate the opposite behaviors. The right person on the wrong day (or wrong person on the right day) can spaz out, cause distress, and quit the job altogether. Many server jobs pay at or below the minimum wage level; workers rely on tips from customers to make a decent living. Per data from DC.gov, effective July 1, 2023, the standard minimum wage is $17.00/hour, and $8.00/hour for tipped employees. In California, all employees make the minimum wage with no discrepancy (per dol.gov). I am of the camp that you should tip something at the very least. Where things go awry is when the company itself tacks on service fees or include gratuities at fixed amounts. Each venue has its own rules and procedures; often we duck, dodge and hesitate before tipping.

Per Chris Kennedy (from the Washington Post, March 16, 2023 — Article Here):

Before the pandemic, to “auto-grat” — preemptively adding a 15 to 20 percent tip to a customer’s bill — was controversial and generally reserved for large groups, usually at the discretion of the server. Three years later, service charges — now ranging from 18 to 24 percent — have become the norm and, though some have heralded this as a step toward a post-tip utopia, the reality is that tips are still encouraged at most establishments and charges have multiplied as supply chain issues and general inflation have further increased costs.

The pandemic left many without work, forcing restaurants to adapt to a delivery/pickup-only model. Three years later, as mentioned by Chris, a variety of factors influence the pricing and service charges at a restaurant. I would advise that you research the dining menu prior to going, and factor in service charges and tip amounts. Even if it’s only 10%, work within your means and budget. If you go out with the family and spend $100, with a 20% service charge, that likely equals to over $130 (factor in tax). Then, 10% tip is $13, 15% is $19.50, and 18% is $23.40. Look at how quickly the math adds up.

Maggie Hennessy (from Bon Appetit) wrote an article in March 2023 titled Yes, You Should Still Tip 20% on Top of a Restaurant’s Service Charge. The article details the outcry from diners in some cities who have encountered different types of fees. Restaurants are adapting by folding the fees into the menu prices or being upfront with the intentions.

For restaurants, it’s a matter of finding a fee structure that works for them and their employees, then sticking to it Naran says (Avish Naran, owner of a sports bar in Los Angeles). And even if you find some of these fees confusing, or grumble at having to pay more on top of an already expensive evening out, Naran says it’s a simple equation: “However a restaurant decides to structure its pay, you as the diner should trust what they’re doing. It’s insane to think you can go into dinner and walk away understanding the intricacies of running a business.”

Most of us do not understand what goes into running a business: the cost to lease/own a brick-and-mortar location, maintaining the goods and supplies needed to operate, and paying the staff. I’m not suggesting the consumer be offloaded all those factors into their final bill as that would be unfair. It becomes a delicate balance that should be maintained between consumer and client regarding goods and services.

When presented with the option to tip, you either will or won’t. Whatever the choice, do not be a racist, bigot, or asshole while doing so. I ran across an article from 2017 about an incident that occurred at a DC restaurant:

Staffers at a D.C. restaurant are outraged after a couple of customers allegedly left without tipping their waitress and instead left a racist note on the bill.

“Great service don’t tip black people.”

That’s the note server Kelly Carter said she received at Anita’s New Mexico Style Cafe in Ashburn Saturday morning. According to Carter, the message was written at the bottom of the bill by a 20-something white man and woman whom she served breakfast to.

The restaurant owner Tommy Tellez, Sr. told our sister ABC station, WJLA, “I’m appalled. This is so disheartening.”

Racist tendencies are wired into some people from a very young age. The diners were only in their 20s exhibiting such crass behavior. Servers are people too and make an honest living without the need for such hatred. This incident was more of a quiet happening opposite arguing and fighting that’s often seen on TikTok and social media. Regardless, I would advise that if you see or experience an attack on a server (or customer), make sure to notify management and don’t sit on the sidelines recording with your phone. You make an honest living of your own, and to wind down, that restaurant (cafe, salon, etc.) serves as a break from reality. It’s an opportunity to share a meal or moment with loved ones and friends. Your server becomes part of that experience. Show your appreciation for the front-line workers within reasonable means.

As for the ultimate debate on how much to tip? For me, it varies, and I ultimately decide my rate based on the type of establishment. I DO regret not being able to tip the delivery drivers. I order online often, and Amazon, UPS, or FedEx will deliver. I live in an apartment instead of a house, so leaving a cash tip would be difficult. I appreciate the delivery drivers who brave the elements (particularly in as hot of a summer as its ever been) and the physical toll of carrying packages to its final destination. Recently, unionized workers for UPS have gone on strike due to pay and intolerable conditions with some of their fleet vehicles. In August, a deal was reached between both sides. I’m glad because one of the utmost priorities for any company is its workforce. Fighting for decent pay, working conditions, or tipping from consumers helps to close the gap (just a little) between low-income and high income workers.

Disclaimer: I am not a professional financial advisor and this article is opinion-based. Always do your due diligence and seek a professional for guidance.

Looking for an audio format of this article? I have my own podcast — “No Strings Podcast with Rell Simon”. It’s available on all podcast platforms.