Wisdom Financial Management, Inc.

Wisdom Financial Management, Inc. www. WISEMONEY .biz
Established since 2011, we specialize in financial literacy, business formation,

๐Ÿšจ   URGENT ALERT! ๐ŸšจEntrepreneurs, business owners, and community leadersโ€”this is BIG! ๐Ÿ“ข Tune in TODAY at 2:30 PM LIVE on...
02/19/2025

๐Ÿšจ URGENT ALERT! ๐Ÿšจ

Entrepreneurs, business owners, and community leadersโ€”this is BIG! ๐Ÿ“ข Tune in TODAY at 2:30 PM LIVE on IG with Michigan Black Business Alliance , founder Charity Dean, as she breaks down the Michigan House Bills 4001 & 4002 that could directly impact your business and livelihood!

Hereโ€™s what you NEED to know:

๐Ÿ’ฐ House Bill 4001: Minimum Wage Adjustments
๐Ÿ”น Raises Michiganโ€™s minimum wage to $15/hr by 2029
๐Ÿ”น February 21, 2025 โ€“ Increase to $12/hr
๐Ÿ”น Gradual increases yearly until 2029
๐Ÿ”น Tipped wage remains 38% of standard minimum wage

๐Ÿ›‘ House Bill 4002: Earned Sick Time Act Revisions
๐Ÿ”น Exempts businesses with 50 or fewer employees
๐Ÿ”น Allows employers to frontload 72 hours of sick time
๐Ÿ”น Clarifies who qualifies for sick time benefits

These bills have passed the House and are now in the Senate for discussion. The time to act is NOW!

๐Ÿ“ฉ DM us your email to receive a contact template for reaching out to our legislatorsโ€”let them hear YOUR voice before they return to session at 1:30 PM!

๐Ÿ”ฅ Spread the word! Tag your fellow entrepreneurs & business owners. This is your moment to advocate for your future! ๐Ÿ”ฅ

๐Ÿ“ข A Heartfelt Farewell from Wisdom Financial Management ๐Ÿ“ขHowdy howdy Friends and Valued Clients,It is with mixed emotion...
07/17/2024

๐Ÿ“ข A Heartfelt Farewell from Wisdom Financial Management ๐Ÿ“ข

Howdy howdy Friends and Valued Clients,

It is with mixed emotions and a heavy heart that I announce the closing of Wisdom Financial Management, Inc. after 13 incredible years of service. This journey has been nothing short of amazing, and I am deeply grateful for the trust and confidence you have placed in me over the years. Together, we have achieved remarkable milestones, from starting businesses and improving financial health to developing budgets and repairing credit.

As I step into my new role as the full-time Executive Director of the Making A Child Change Foundation , I carry forward my passion for empowering the African American community, now focusing on the youth. While I will no longer be able to offer my services or advice in the upcoming season, I am excited about this new chapter and the opportunities it brings.

Stay Connected and Continue Your Financial Journey:

1. ๐Ÿ‘‚๐ŸพPodcast: Listen to past episodes of the "Donโ€™t Make It Rain, Build a Dam... of Generational Wealth!" podcast, still streaming and filled with valuable insights.
2. ๐ŸŸ๏ธ Social Media: Revisit our Instagram and pages for timeless advice and strategies.
3. ๐Ÿค๐Ÿพ Facebook Group: Join our FB group, Financial Management 102, for continued engagement with the community, old challenges, and tips to keep you on your financial footing.

I am incredibly proud of the progress we have made together and confident that you will continue to achieve great things. This may be the end of this race, but it is not the end of our relationship. I will still be available for quick questions and minor advice.

Thank you for allowing me to be a part of your financial journey. Your support has been invaluable, and I look forward to our paths crossing again in the nonprofit sphere.

With heartfelt thanks and best wishes for your continued success. Much love ๐Ÿ’• and continued blessings ๐Ÿ™๐Ÿพ,

Sophia M. Barnett, Your ex-Financial Advisor โœŒ๐Ÿพ

๐ŸŒŸ 5 Business Success Tips by our Financial Advisor, Sophia M. Barnett ๐ŸŒŸ1. Know Your Numbers ๐Ÿ“Š    - Regularly review your...
07/11/2024

๐ŸŒŸ 5 Business Success Tips by our Financial Advisor, Sophia M. Barnett ๐ŸŒŸ

1. Know Your Numbers ๐Ÿ“Š
- Regularly review your income, expenses, and cash flow.

2. Network Relentlessly ๐Ÿซฑ๐Ÿพโ€๐Ÿซฒ๐Ÿพ
- Build strong professional relationships and attend industry events.

3. Prioritize Customer Experience ๐Ÿ’ฌ
- Deliver exceptional service and build long-lasting relationships.

4. Embrace Continuous Learning ๐Ÿ“š
- Stay ahead by continuously educating yourself and your team.

5. Set Clear Goals and Track Progress ๐ŸŽฏ
- Establish SMART goals and adjust strategies as needed.

These tips have guided my journey and I hope they inspire you on your path to success. ๐Ÿš€

06/27/2024

๐Ÿง ๐Ÿ’กWhat is the most common personal finance question on Google?

๐Ÿค” "How do I budget my money effectively?"

Here are three tips to master your budget and take control of your finances:

1. Create a Budget Plan ๐Ÿ“: Track your income and expenses. Use apps like Mint or YNAB to make it easier!
2. Set Financial Goals ๐ŸŽฏ:Define short-term and long-term goals. Whether itโ€™s saving for a vacation or a down payment on a house, clear goals keep you motivated.
3. Monitor and Adjust ๐Ÿ“Š: Regularly review your budget. Life changes, and so should your budget. Make adjustments to stay on track!

๐ŸŒŸ Quote of the Day: "A budget is telling your money where to go instead of wondering where it went." โ€“ Dave Ramsey

Start budgeting today and watch your financial health improve! ๐Ÿ’ช๐Ÿพ๐Ÿ’ฐ

Sharing some timeless Wisdom this Wednesday: ๐ŸŒŸ Embracing Proverbs 4:5-7 ๐Ÿ“–Proverbs 4:5-7 advises:'Get wisdom; develop goo...
05/30/2024

Sharing some timeless Wisdom this Wednesday: ๐ŸŒŸ Embracing Proverbs 4:5-7 ๐Ÿ“–

Proverbs 4:5-7 advises:
'Get wisdom; develop good judgment. Don't forget my words or turn away from them. Don't turn your back on wisdom, for she will protect you. Love her, and she will guard you. Getting wisdom is the wisest thing you can do! And whatever else you do, develop good judgment.'

At Wisdom Financial Management, we embody this proverb by prioritizing continuous learning and prudent decision-making. Here are three powerful steps to learn and apply something new:

1. ๐ŸงPursue Wisdom: Actively seek opportunities to gain knowledge and understanding in your areas of interest or expertise.

2. ๐Ÿค”Cultivate Good Judgment: Use discernment and critical thinking to evaluate situations and make sound decisions based on wisdom and experience.

3. ๐Ÿค—Embrace Wisdom's Guidance: Trust in the wisdom gained from your experiences and the guidance provided by trusted mentors or advisors.

Remember, wisdom is a valuable asset that protects and guides us on our journey to financial success. Embrace it, nurture it, and let it illuminate your path forward. ๐ŸŒฟ

05/16/2024

Wisdom Wednesday: ๐Ÿ’ผ Embracing the Power of Networking ๐ŸŒŸ

Networking isn't just about exchanging business cards; it's about building meaningful connections and fostering opportunities for growth. โœจ As we reflect on the power of networking, here are three tips to help you navigate this invaluable resource:

1. Be Authentic: Approach networking with sincerity and genuine interest in others. Authenticity builds trust and lays the foundation for lasting connections.

2. Listen More, Talk Less: The most successful networkers are often the best listeners. Take the time to understand others' needs, goals, and challenges before sharing your own.

3. Follow Up: Networking doesn't end when the event does. Be proactive in following up with new contacts, whether through email, social media, or a coffee meeting. Nurture these connections to cultivate mutually beneficial relationships.

Remember, every connection holds the potential to open doors and propel you toward success. Seize the opportunity to network, grow, and thrive! ๐Ÿ’ซ

 : ๐Ÿ’ก 'It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations...
05/01/2024

: ๐Ÿ’ก 'It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.' - Robert Kiyosaki ๐ŸŒŸ

Feeling inspired by this timeless wisdom? Dive deeper into the world of financial literacy with the iconic book 'Rich Dad, Poor Dad.' ๐Ÿ“š Whether you're just starting your financial journey or seeking valuable insights, this book offers invaluable lessons and perspectives. ๐Ÿ’ฐโœจ

Ready to unlock the secrets of wealth accumulation and financial freedom? Grab your copy today and let's embark on this journey together! ๐Ÿš€

04/18/2024

๐ŸŒŸโœจ It's , and we're reflecting on the power of courage and knowing when to pivot. As Sarvesh Jain wisely said, "Intelligence is knowing how to quit. Genius is knowing when to quit. But only the courage allows you to quit."

๐Ÿš€๐Ÿ’ก Sometimes, the bravest decision is to change course. With that in mind, we want to announce that the Monday Business Bookkeeping Basics session is canceled. We extend our sincere thanks to those who joined and our apologies to those who were looking forward to it.

But fear not! The course will be available in the coming months for personal use, so stay tuned for updates.

Thank you, as always, for your understanding and support from Wisdom Financial Management. ๐Ÿ’ผ๐Ÿ’ฐ

๐Ÿ“šโœจ It's  , and we're diving into the world of bookkeeping with some invaluable tips!๐Ÿ’ผ๐Ÿ’ก Tip 1: Stay Organized - Keep your...
04/10/2024

๐Ÿ“šโœจ It's , and we're diving into the world of bookkeeping with some invaluable tips!

๐Ÿ’ผ๐Ÿ’ก Tip 1: Stay Organized - Keep your financial records in order to easily track income and expenses. If you're still old school-- use only a designated notepad for each business. I would suggest sectioning it by months.

๐Ÿ’ผ๐Ÿ’ก Tip 2: Regular Reconciliation - Reconcile your accounts frequently to ensure accuracy and spot any discrepancies. To reconcile simply means to balance your accounts. Make sure every transaction is present and that the income and expenses are tracked.

๐Ÿ’ผ๐Ÿ’ก Tip 3: Utilize Technology - Take advantage of bookkeeping software to streamline your process and reduce errors. If you're just starting out QB may be a little expensive for you. There are free alternatives including using an spreadsheet app.

๐Ÿ’ฌ๐Ÿ›‘ Want a free template to get you started??? Comment: "Organize ME!!" below.

Ready to level up your bookkeeping game? Join us for our "Business Bookkeeping Basics" Workshop! Next session is Monday, April 15 at 7 pm. Register on Eventbrite (link in bio) and let's master your finances together! ๐Ÿš€๐Ÿ’ฐ

What does financial freedom look like in/for  your business?!?!It looks like-๐Ÿ—‚๏ธorganzied files, -๐Ÿ—„๏ธfinancial documents p...
04/05/2024

What does financial freedom look like in/for your business?!?!

It looks like
-๐Ÿ—‚๏ธorganzied files,
-๐Ÿ—„๏ธfinancial documents properly organized,
-๐Ÿ’ตunderstanding your cash flow, and
-๐Ÿ˜a smile on your face and frustration erased!!
๐ŸŒŸ Happy ๐ŸŒŸ

How can you live this life?!?!
We invite you to continue or start your journey with us in week 2 of the Business Bookkeeping Basics Workshop! Mastering transaction recording awaits, and we can't wait to dive deeper into debits, credits, and practical exercises. ๐Ÿ“โœจ

A huge THANK YOU to all the incredible business owners and participants who joined us for Week 1 of our Business Bookkeeping Basics Workshop! ๐Ÿ“š๐Ÿ’ผ Your dedication to improving your financial literacy is truly inspiring.

Week 1 was all about embarking on your bookkeeping journey, understanding the basics, and setting up for success. We're thrilled to see you taking these important steps towards financial organization and empowerment. ๐Ÿš€๐Ÿ’ฐ

If you missed Week 1 or want to continue the learning experience, don't worry! There's still time to sign up for Week 2, starting this Monday, April 8 from 7-8:30 pm. Simply click the link in our bio to get your tickets on Eventbrite.

Let's keep the momentum going and unlock the secrets of successful business bookkeeping together! ๐Ÿ’ช๐Ÿพ๐Ÿ“Š

Address

18101 James Couzens Freeway
Detroit, MI
48224

Opening Hours

Monday 11am - 4pm
Tuesday 8:30am - 3pm
Wednesday 9am - 3pm
Friday 8:30am - 3pm

Telephone

7342888586

Website

http://www.wisemoney.biz/

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