Bonus Episode: Finance Friday Live Replay 6/3/22 | Ep. 109

Key Takeaways

• 1

  New month means new budget

  June 3rd marks the start of a new month requiring updated cash flow plans

  Best practice is creating budgets before the month begins so every dollar has an assignment

• 2

  FTC shutdown of Financial Education Services (FES)

  Company accused of operating a $467 million pyramid scheme targeting pandemic-affected individuals

  FES previously operated under different names and was shut down before rebranding

  Red flags include heavy recruitment focus and income claims that sound unrealistic

• 3

  IRS never contacts via email or unsolicited calls

  IRS communicates exclusively through physical mail unless you initiate contact

  If suspicious calls arrive, hang up and call the official IRS number yourself to verify

  Emails claiming refunds or tax issues should be deleted without interaction

• 4

  Economic pressures may increase violence and safety risks

  Rising inflation, food insecurity, and housing costs threaten basic needs per Maslow's hierarchy

  Host predicts continued rise in violence until economic conditions stabilize

  Prioritize emergency savings, high-interest debt payoff, and self-care during uncertainty

• 5

  Weekly affirmation practice for mindset protection

  Affirmation: "I release every block that held me from receiving prosperity"

  Positive mindset acts as defense against negative news cycles and economic stress