Kemp Kustom Designs

Thank you 🙌🏽 God for another year! It is only because of His love, grace and mercy that I am still here today!

Truthful Tuesdays

This month has been extremely stressful, hurtful and almost unbearable at times. I have severed relationships, friendships and even sunk some ships. I have been in the belly of the beast, my name slandered, character assassinated, drug through the mud and left for the vultures. Through It All (my True Vine Family knows the meaning of this) my God has remained consistent, faithful and patient with me. His love, peace, grace and mercy have allowed me to hold my head up when I wanted to throw in the towel.

In all transparency, being a Christian, preacher, teacher, encourager, father, grandfather, friend and even a foe is not for the faint at heart. It is ONLY by God's power, strength and faith that I can handle all of that the enemy tries to hurl my way, stand in the midst of it and come out better than ever!

How are you able to stand my brother? I'll tell you.... "The Lord shall fight for you and ye shall hold your peace!" Exodus 14:14

Expect God to exceed your expectations today and evey day! It's the best decision that you will ever make!

As the New Year Begins ....

Buy a house and get a 15 year fixed mortgage rather than a 30 year mortgage. Saves a lot of money in interest over the life of the loan. If you must get the 30 year mortgage, verify that there is no prepayment penalty. This gives you the flexibility of paying it off early if you are able. But it also gives you the option of making lower payments when times are tough...

When you start your job, get an HSA account and not FSA and get the high deductible health insurance. It will lower your tax bracket and the money is yours to use. You also earn 40% in most cases after 10k!!!

Never buy a car brand new!
I’ve watched Escalades go from almost 100k+ (new) to 35k four years later. 🚙

Get you an LLC (incorporate your name!!) and run it as an S Corp. Remember Jay-Z quote “I’m not a Businessman I’m a Business Maaaaaaaan....” Let that sink in.

Build business credit! The loans are bigger and the interest rate is lower.

Once your LLC has been established you can then hire your children and pay them an annual salary up to $12,400 which serves a tax break for you and lowers your yearly liability, at that point your children can use their earnings to pay for things like their tuition, school trips and any other activity or upkeep that you were originally going to be financially responsibility for so their needs are met, you're assisting them in establishing a good work ethic but more importantly you're decreasing your taxes and keeping more of your earning in house

Get a business bank account (in most cases this costs around $500 to start)

Go to Community College first and transfer into a four year college (unless you have scholarships to help mitigate the costs) as a Junior. School is a power move you must be able to secure the bag. Majors in STEM will always be needed, are in high demand and the skills can directly help the community. 🎓

Get life insurance for you (whole life) and your children (term) as soon as they are born (one thing is for sure is we will die..might as well leave your kids or family something extra). The sooner you get it, the cheaper it is. And you can borrow against it to fund certain projects. Also, the ones that pay out dividends are the best! They normally are associated with the market (money market accounts). IUL’s are great! 💰

Get the people in your immediate family to save collectively! If 10 people save $500/month, that’s 60k every year. You could buy 3 starter homes every year and in 4 years all ten of you are home owners. Buy on the same block or neighborhood if you can...this way you control the value of the homes (remember Monopoly!). 🏠

We need to promote financial literacy. Building capital and creating equity to create generational wealth. Having financial freedom is everything! This is not being taught in the school curriculums or our education systems! We must do it ourselves!

***I need 10 people to copy and repost this on their pages and groups and spread financial literacy!*****

Wednesday Wisdom:

“Sight cannot take me to the place where His vision for me resides!” -JKemp

Living a life of faith means that we must trust that God’s vision goes beyond what our eyes can see or our minds can perceive!