Coins & Crowns Collective

03/07/2025

02/13/2025

Wealth isn’t about hitting the jackpot; it’s about setting up a strategic system that allows your money to multiply over time.

02/12/2025

From Dave Ramsey:

There are four main areas of money that children need to learn:

1. Work. Money comes from work, not from other people, the government, or dumb luck. From an early age, your kids need to feel that emotional connection between work and money. That's why my wife and I paid our kids commissions, not allowances. You work; you get paid. You don't work; you don't get paid. It's true for parents—it should be true for kids.

2. Save. Teach your kids early on how to save up for purchases. If they learn how (and why) to save up for a Barbie today, they'll know how (and why) to save up for a car or house tomorrow—with no debt.

3. Spend. Let your kids have some fun with their money and experience the awesome feeling of buying something they want with money they saved. If you keep it all in the piggy bank and never let them enjoy it, they'll either grow up into miserable old misers or they'll rebel and become crazy, debt-ridden spenders once they hit college!

4. Give. Giving is the most fun you can have with your money. Nothing beats making a waitress's day with a $100 tip out of the blue! Just make sure your kids give their own money. If you hand Junior a quarter to drop in the offering plate on Sunday morning, he's just a courier for your money. He needs to know what it feels like to really give out of his own pocket.

Learning these four areas—especially giving—brings your kids a depth of confidence and character they'll never have otherwise.

02/07/2025

Surround yourself with positive money influences! Be around people who have a healthy mindset about money and who inspire you. The goal is to be around people who make financial responsibility feel normal and achievable.

01/31/2025

For short-term goals or emergency funds, you need a place to park your money where it’s safe and accessible but still earning more than traditional bank accounts offer.
High-yield savings accounts are a type of savings account offered by banks or financial institutions that typically offer a higher interest rate compared to traditional savings accounts. These accounts are designed to help you grow your savings faster by earning a higher rate of return on their deposited funds. They typically offer 3–5% interest.

Like high yield savings accounts, Certificates of Deposits (CDs) tend to have a much higher interest rate than a traditional savings account.
A benefit of putting your money into a CD is that your interest rate is locked, unlike a high yield savings account, where the interest rate fluctuates based on external economic factors.
This means that if you get a 5-year CD with a 5% interest rate, you’re guaranteed that 5% no matter how much interest rates rise or decline over the next 5 years.
However, CDs are not as liquid as high-yield savings accounts.
Unlike a high yield savings account, when you put your money into a CD, you agree NOT to withdraw it for a specified period of time. This could range from a few months to years. If you withdraw your money early, you will have to pay a penalty fee to the bank, so make sure you pay attention to that before investing your money.

01/25/2025

The Meet the Lenders Forum allows small business owners and entrepreneurs to meet with local banks and learn about financing opportunities to help establish, sustain and grow businesses in Port St. Lucie.

Lenders will be available to provide a cursory review of loan documents and provide valuable input for business owners.

📆 9 a.m. to 1 p.m. Thursday, Feb. 6
📍 Community Center, 2195 SE Airoso Blvd.

Register and find out which lenders will be participating ➡️ https://link.cityofpsl.com/4gcrGfb

For more information, call Elijah Wooten at 772-873-6374 or email [email protected].

01/24/2025

Tip to Release Financial Anxiety

Money worries have a way of affecting every part of your life, from sleepless nights to strained conversations with loved ones.

Whether it's mounting bills, an uncertain job market, or simply the fear of not having "enough," financial anxiety can feel overwhelming and isolating. It can also make it harder for you to face and change your financial situation.

But here's the good news: you don’t have to stay stuck in the cycle of stress.

With the right mindset and practical strategies, you can regain a sense of control and peace over your finances—no matter where you’re starting from.