SIK Financial Literacy

Trying to figure out HOA's?!?

HOA's are non-profit by default.
To make sure you are not being taken advantage of:
1.) Check (Your State) Corporations Division known as the Associations Corporate States.
2.) Check for the Property Deed for Master Deed of said HOA.
HOA's need governing documents: Articles of Incorporation
By laws & CC&R's
(Covenants, Conditions & Restrictions)
3.) HOA's needs a budget. A Reserve Fund & Audit Reports.
It's acts more like a MEMBERSHIP.

There are 5 types of taxes/ business taxes:
1.) Income Tax
2.) Estimated Taxes
3.) Self-Employment Taxes
4.) Employment Taxes
5.) Excise Tax

Do you have someone in your house with a disability?

Do you know that if you make a certain amount of money, your disability can start to be decreased or revoked entirely...

If you have begun to collect assets, your disability will be effected and the government agencies will start to document an amount that you owe them. That means an amount will be deducted from your disability checks until that amount is paid off.

Second.....depending on the type of disability you have,.... making money to survive in these streets can have you paying higher doctor bills and you may have to cut out some of the necessary therapies you need. The type of therapies that without them, ....you can be in society unprepared.

One of the soft ways S*K LLC has taken to fight this was by becoming a company.
-One of the security measures include a payroll department. The entity through the Department of Labor and the Department of Revenue. (This is to grant as "legit" in the systems eyes.)

This is how you begin to protect your family for the future by paying yourself accordingly.
(I am determined to achieve a mission. My mission is to counteract inflation while preparing for the future and achieving the greater experiences of life. Please support with a like, comment or a question)

Inflation has taken control of people’s finances.

Let’s calculate some expenses. Let’s say these are your monthly expenses:
Rent: $1200 Food: $300
Utilities: $300 Phone: $150
Car Note: $250 Subscriptions/Cable/Wifi: $150
Insurances: $500 Entertainment: $300
Clothes/Gifts: $300 Home: $300

GRAND TOTAL–$3750

Let’s use 28 days minimum. That means at a Grand Total of $3750, your daily bring home money needs to be $135. That means that everyday you need to be out there making $135 minimum and maybe 2 days off a month.

After you calculate your personal expenses, do you have any money left over? Or did you come up short?

Doing my Community Service:

Due to having a hustle spirit and grind mentality, when looking to buy my first real estate, I looked for any outlet I could take to get there. Due to being low-income, I had to move like this. But I am high in spirit and I knew for a fact that was what would get me there.

I purchased land first. Now I am looking into solidifying property.

I came up with a list of various types of ways to get that property. Tax Liens, Probate, Getting to Know an Old person, First Time Homebuyer Programs. …

Another option I fell into is the NACA program. This company has the same spirit I have. They have a plethora of options. 20-Year Rapid Payoff, 15 Year Wealth Builder, HOT PHA…..and the list continues.

My Financial Literacy Page is about how my mind works. Pretty much how I survive as a Black, Single-Mother out here in these streets in pursuit of a Lifestyle where I need for nothing and have everything.

The easiest way to make your money grow is by investing.

I know of a few companies that pay within a few days and you can utilize those companies to make up to $500 next week.
The mission is to use these particular companies for direct deposits into the three banks below.
After 90 days, you’ve earned over $3,000 and recieved free $900 from following us.
Link up.

The mission is to assist people in lowering their debts. Adjustments, Settlements, Deletions…..

What do you need help with? There are different phases to this. First is having a conversation. The next phase is gathering intel. What would you like to talk about?
sik022.gumroad.com
successiskey.com

There's more than one to skin a cat. :)
Act quickly toward a goal by a business partnership.
This partnership being....... utilization of someones tradeline.
Another form of OPM.
There are various banking products or banking practices that are similar to an agreement of being an authorized user.
For example: Co-signer

Now....this area of expertise is supposed to be managed by brokers for this type of action.
The part ppl have to be specific on is the length of the use of the product.
One agency claimed that they sell tradelines but only report for two months.
Please view over all contracts and Guidelines.
This is best utilized for business purposes such as projects that are to be executed within a few months.

What's one thing that needs to be done before going to college?!?

You and your parents need to speak to the Financial Aid Office. Don't just put your signature on the FAFSA.
The Financial Aid office needs to send you an itemized document of all school charges. A lot of people, especially in the African-American community get comfortable with the accessibility to funding and sign their name and walk away from the table without NO IDEA what they just did.
You need to receive ALL information on how the grants and scholarships work.
Take all of the Grants (such as Pell) and Scholarships (such as Hope) and have those funds to be applied first before the loan options.
If the organization states that you NEED to apply a loan along with the free money, you should ask yourself why.
The best thing to do is to take control.
Make sure that you actually understand how much each class costs, your monthly living expenses, school supplies, etc in order to avoid student loan debt.
You need to have a monthly expense that can be covered by your Grants and Scholarships.

CAN YOU RETIRE IN PEACE?
Did you know that in order to get social security benefits for when you retire, you need points/credits? You need 40 credits. It’s really simple. You get 4 credits per year if you bring in $6,040 or more of income. Here’s the kicker……the average social security benefit is $1,657 for when you stop working at age 62.
Sounds good, doesn’t it?
In order to get that amount, you only need to make over $140,000 worth of income to get that amount.
Do you make 6-figures? Of course, the less you make, the less you get.
The year is 2022. We are in a year of inflation.
I hope you are working on your credit. I hope you are keeping track of your finances. I hope you have a mission or thought of multiple ways to generate income. Or do you have a family where you can move into their house once you hit that age of retirement?

[email protected]
Sik022.gumroad.com