• HOME
  • CURRENT ISSUE
  • SECTIONS
    • Arkansas Black History
    • Business & Money
    • Community
    • Culture
    • Décor & Design
    • Education >
      • Arkansas Black Graduates 2021
    • Entertainment >
      • Book Club
      • Listen First
    • Family & Relationship
    • Fashion
    • Food & Travel
    • Government
    • Health
    • NishaSpeaks
    • People
  • GALLERY
    • Chief Keith
    • Sister Friends United 14
    • Camp Unidad
    • The Black Derby Brunch
    • Delois J Braggs
    • Coach Davis Dedication
    • 1st Anniversary Mixer
    • Who Is Scipio Africanus Jones
    • Stephanie Hobbs
    • 2022 King Kennedy Awards
    • Emerging Arkansas Artists Showcase
    • Bank On America
    • 2021 >
      • MLK Christmas
      • Fredrick Love
      • Black Caucus
      • Wingtips
      • Arkansas RGB Music Showcase
      • Korto Momolo Fashion Show
      • Flyght Black Wine Tasting
      • New Black Panther Party
      • Speak Now
      • Same Different Amazing
      • Return of The Mac
      • Bobby Portis Foundation Back-2-School
      • Bobby Portis Foundation Gala
      • Worship Recharge Concert
      • Jones Bar-B-Q
      • Natalie James
      • We The People
      • Being Your Own Boss
      • Meet The Editor
      • BizAr Networking Mixer
      • The Honorable Choice
      • Creme de la Creme
      • Green Book Exhibit Opening Reception
      • Sister Friends United
      • Brae Leni & Friends
  • LOCAL GUIDES
    • Central
    • Northeast
    • Northwest
    • Southeast
    • Southwest
  • CALENDAR
  • STORE
    • Current Issue
    • Subscriptions
    • Archives
    • Merch
  • PARTICIPATE
    • Donate
    • Sponsorships
    • Giveaways
    • Submit a Request
    • Advertise with Us >
      • Purchase Ad
  • CONTACT URBANE
    • ABOUT URBANE >
      • About
      • Meet the Crew
    • Join URBANE
    • LEGAL >
      • FAQs
      • Opt-Out
      • Terms of Use >
        • Advertisement Purchases
      • Privacy Policy
    • Contact Us
  URBANE Magazine
BUSINESS & MONEY  //  Financial Responsibility

2021 Financial Perspective

by Dawn Johnson - Feb.01.2021
Picture
Jason Marshall is an award-winning Financial Professional and native of Little Rock, AR. He is a strong advocate for creating multigenerational wealth, and is on a mission to financially empower those within his community. He takes what he learns about the financial services industry and educates his current and future clients. A portion of his mission is to position as many as he can to have the strongest financial future possible.

With the end of what may collectively be one of the more challenging years in recent history, many are re-evaluating most aspects of their life. Health, wealth, and wisdom are at the forefront of many minds. We are all rethinking relationships with food, people, money, and ways to improve our spending and budgeting habits. With a pursuit of financial freedom being the first-time priority for some, and an ever-evolving goal for others, we met with Jason Marshall to get his take on how to improve your financial situation in 2021.

If you could go back in time and change one financial decision you have made, what would it be? (What would you want your younger self to do differently)?

I would encourage my clients to make sure that they are "acting their wage", not to overspend, and not to live at or below their means. It can be the best way to manage your finances no matter what your income

Picture
What do you think our readers should focus on during the first half of 2021?

First, start with the basics. Start living on the 80/10/10 rule: give 10% of their income, save or invest 10%, and spend the rest. Get with a financial professional to build a bridge to meet your financial goals. Also, to become more financially literate, you need to get in a position to have a financial plan.

What is a piece of advice or financial trend that you think Arkansans are not paying attention to or taking seriously? But should?

Get your protections in order, such as life insurance. It's timeout for Go Fund Me campaigns and fundraising when and if there is an emergency.

What is a good rule of thumb to consider when deciding to get serious about your financial situation?

You have to have a budget! You will need to figure out how much you have coming, as well as how much you have to spend and manage. This makes for better management of your finances, no matter the income.
Picture
What do you think is the best way to address debt?

The snowball effect - start on the smaller debt account; once that account is paid off, you then take the money you were paying and add it to the next account's payments. You attack debt from smallest to largest. A lot of credit cards are offering credit card relief due to COVID-19. You can knock those out faster if you can take advantage of the credit card relief.

Can you provide a few steps to get started when addressing your financial concerns?

Get on a budget and/or seek out a financial professional to help you address your financial concerns. Jason states financial professionals have experience creating a budgetary analysis. They can help you plan to increase income, decrease debts, distribute funds differently, and other courses of action to address your financial concerns. There is no one size fits all plan, and a financial professional can customize a plan for you and your family.
ABOUT
SUBSCRIBE
MEDIA KIT
CAREERS
PRIVACY
TERMS
CONTACT US
DONATE TO URBANE

Follow URBANE Magazine

Picture
ur·bane \ər-ˈbān\: adj. notably polite or polished in manner
©2022 URBANE Magazine, LLC. All rights reserved.
  • HOME
  • CURRENT ISSUE
  • SECTIONS
    • Arkansas Black History
    • Business & Money
    • Community
    • Culture
    • Décor & Design
    • Education >
      • Arkansas Black Graduates 2021
    • Entertainment >
      • Book Club
      • Listen First
    • Family & Relationship
    • Fashion
    • Food & Travel
    • Government
    • Health
    • NishaSpeaks
    • People
  • GALLERY
    • Chief Keith
    • Sister Friends United 14
    • Camp Unidad
    • The Black Derby Brunch
    • Delois J Braggs
    • Coach Davis Dedication
    • 1st Anniversary Mixer
    • Who Is Scipio Africanus Jones
    • Stephanie Hobbs
    • 2022 King Kennedy Awards
    • Emerging Arkansas Artists Showcase
    • Bank On America
    • 2021 >
      • MLK Christmas
      • Fredrick Love
      • Black Caucus
      • Wingtips
      • Arkansas RGB Music Showcase
      • Korto Momolo Fashion Show
      • Flyght Black Wine Tasting
      • New Black Panther Party
      • Speak Now
      • Same Different Amazing
      • Return of The Mac
      • Bobby Portis Foundation Back-2-School
      • Bobby Portis Foundation Gala
      • Worship Recharge Concert
      • Jones Bar-B-Q
      • Natalie James
      • We The People
      • Being Your Own Boss
      • Meet The Editor
      • BizAr Networking Mixer
      • The Honorable Choice
      • Creme de la Creme
      • Green Book Exhibit Opening Reception
      • Sister Friends United
      • Brae Leni & Friends
  • LOCAL GUIDES
    • Central
    • Northeast
    • Northwest
    • Southeast
    • Southwest
  • CALENDAR
  • STORE
    • Current Issue
    • Subscriptions
    • Archives
    • Merch
  • PARTICIPATE
    • Donate
    • Sponsorships
    • Giveaways
    • Submit a Request
    • Advertise with Us >
      • Purchase Ad
  • CONTACT URBANE
    • ABOUT URBANE >
      • About
      • Meet the Crew
    • Join URBANE
    • LEGAL >
      • FAQs
      • Opt-Out
      • Terms of Use >
        • Advertisement Purchases
      • Privacy Policy
    • Contact Us