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The BOKAT Team offers sincerest condolences to clients and all families impacted by civil injustice and COVID- 19. Our lives have changed in so many ways since March 2020. No one could have predicted a health crisis that would be so prevalent in the world today, or a civil uprising prompted by the streaming of the George Floyd massacre. In the mist of all this turmoil, people are dying, and the world’s economy is experiencing unprecedented disruption. There is no sugar coating the fact that we are currently living during an exceedingly difficult time. Despite these challenges it is most important to make the right money moves now more so than ever before.
Here are seven BOKAT Money Moves to make during this health and economic crises.
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Take advantage of payment deferral offers with creditors
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Eliminate 90% of non-essentials spending
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Fine-tune gifts and talents to supplement income
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Discuss burial and life insurance policy and care wishes with family or trusted friends
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Contribute to help organizations advance Civil Rights and COVID-19 Relief efforts
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Reset personal finance and business goals
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Sign up today and check out our BROKE Mule Initiative to learn more
A note from the BOKAT Team:
How would you feel if you read a billboard, “Spend all Your Money with Us…Grow Poorer” or “Thank you Sir, your lack of financial understanding is keeping us rich”?
Wouldn’t you be immediately outraged if you read a billboard like that—in fact most people would have to fight the urge not to vandalize the sign or tear it down altogether. Thankfully, we do not have to worry about seeing a sign like that. We do not need a billboard to tell us about the near zero emergency savings, shrinking middle class or disparaging net income and net worth among African American communities–the numbers already do that for us. The statistics are astounding and more outrageous than the billboard example.
African American spending power of $1.4 Trillion annually demands businesses and marketers to pay more attention, show “love” and support to black culture. Yet, among African Americans and other underserved communities, persistent inequities exist among this group’s understanding of functional areas of personal finances, accessibility to resources, financial mentorship, and instruction.
Where is all the so-called love and support you might ask? Have no fear, Bokat Economic Development Group is here, and we are excited to offer solutions that will help people build financial confidence and impact their financial understanding, net income, and economic growth. Join us today. Be Financially Literate with BOKAT!
Book your free 30 minutes consultation with the BOKAT Team Today!
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