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Author name: Lynnette Khalfani-Cox, The Money Coach

Lynnette Khalfani-Cox, The Money Coach, is a renowned financial expert, author, speaker, and media personality, empowering people to achieve financial success. Visit her personal website at https://lynnettekhalfanicox.com.

Close up of lower left corner of Internal Revenue Service form 1099-MISC

A Really Simple Explanation of The IRS 1099 Form 

  As tax season approaches, many individuals and businesses gather their tax documents to file their tax returns. One of the necessary forms that individuals who earn income from non-employment sources need to file is the 1099 form. The 1099 form reports the amount of money an individual or business received from a company or […]

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Happy Women's Day greeting card illustration. 3D papercut woman symbol with group of women from different cultures. Paper craft design for international womens event.

Celebrating International Women’s Day

International Women’s Day is celebrated annually on March 8th to recognize the social, economic, cultural, and political achievements of women and to advocate for gender equality worldwide. The day is celebrated globally, and it serves as a call-to-action for women’s rights and gender parity. The history of International Women’s Day can be traced back to

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Were You Fired or Freed? Dealing with Job Loss

Were You Fired or Freed? from LynnetteKhalfaniCox.com on Vimeo. Transcription by Rev Lynnette Khalfani-Cox, The Money Coach (00:02): Hey everybody. It’s Lynnette Khalfani-Cox, The Money Coach. I want to talk to you today about your job and specifically the job you might not have. I know there’s been a lot of talk lately about layoffs, especially

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A smiling financial planner with curly hair holds a clipboard, standing next to a "Welcome, Open" sign at the store entrance.

Buy Black: 20 Powerful Reasons to Support Black-Owned Businesses

In February, you’ll see a lot of people on social media and elsewhere urging you to Buy Black and purchase goods and services from Black-owned businesses. And that’s great! Let’s normalize supporting Black entrepreneurs beyond Black History Month. But as the co-owner of a Black-owned firm for two decades (TheMoneyCoach.net LLC, a financial education company), I

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Trade and Travel

The Epic Guide to Teri Ijeoma’s New Trade and Travel 2.0 Course

If you’re considering trading stocks – which is also known as “active investing” – chances are you may have heard of Teri Ijeoma, creator of the popular Trade and Travel course. She’s been featured as the #1 course creator on Teachable and profiled in various media, from Forbes to Black Enterprise to Good Morning America

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A wooden gavel hovers over a model house with two figurines sitting back-to-back, symbolizing the division of assets. A label below reads "Divorce," highlighting the importance of consulting a financial planner to manage credit and budget effectively during such transitions.

Getting a Divorce? Here’s How to Refinance and Protect Your Credit

A reader of AskTheMoneyCoach.com wanted to know how to protect their credit rating and refinance their mortgage during a divorce. It’s a tough situation that millions of people face each year. Here’s their question and the answer to this dilemma. Q: I am going through a divorce. We’ve closed our joint accounts but we still

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household debt

Household Debt Reaches $16.51 trillion in Q3 2022

The Federal Reserve Bank of New York’s Center for Microeconomic Data today (November 15, 2022) issued its Quarterly Report on Household Debt and Credit . The Report shows an increase in total household debt in the third quarter of 2022, increasing by $351 billion (2.2%) to $16.51 trillion. Balances now stand $2.36 trillion higher than at the end of 2019, before the pandemic recession. The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel.

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A person in a yellow plaid shirt and headphones gives a thumbs-up while sitting at a desk with a microphone, laptop, and financial planner.

FTC, States Sue Google and iHeartMedia for Deceptive Ads

Press Release The Federal Trade Commission and state attorneys general announced lawsuits against Google LLC and iHeartMedia, Inc. for airing nearly 29,000 deceptive endorsements by radio personalities promoting their use of and experience with Google’s Pixel 4 phone in 2019 and 2020. The proposed FTC orders and the state judgments settling the allegations bar Google and

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cost of divorce

High Inflation and The Rising Cost of Divorce

‘Til Debt Do Us Part: Inflation preventing thousands of American couples from being able to separate, reveals survey. Over half of singles would not get into a relationship with someone who has large debts. The average single said they would be deterred by a debt amount of $33k. 1 in 4 believe any debt incurred

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low-ball home appraisals

10 Powerful Ways To Fight Discrimination in Home Appraisals

I’ll never forget the time in 2019 when my husband and I applied for a home equity line of credit (HELOC) for our home in Mountainside, New Jersey – an upper middle-class suburb about 45 minutes outside New York City.  To get a HELOC, our home had to first be appraised. But when the appraiser

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A woman with curly hair, likely a financial planner, is sitting indoors, intently looking at her smartphone. She is wearing a white top and gold jewelry, possibly reviewing budgets and credit options for her clients.

Here’s How to Get Free Weekly Credit Reports

  If you want to improve your FICO credit score, you absolutely must monitor your credit files. Fortunately, the credit bureaus Equifax, Experian, and Trans Union are making it easier for you to do just that. See their joint press release below: The three nationwide credit reporting agencies – Equifax® (NYSE:EFX), Experian (LON:EXPN) and TransUnion

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A woman rests her head on a desk, with a laptop, mug, and glasses nearby—surrounded by bookshelves and a plant. As if taking a break from meticulous budgeting or tackling the complexities of credit management, she finds solace in this moment of pause.

The High Cost of Test Prep and the PSAT Exam

Here’s my daughter, Alexis, studying for the PSAT. As with all 3 of my kids, I was her tutor, using my knowledge + study guides. Private test prep? Kaplan: up to $1,300, for unlimited hours online. Princeton Review: up to $2,700, for 18 hrs. So I saved money, and spent my time. I’m cool with

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