Brett Jolly’s Daily Thought (“A little something to bring a smile to your face today”)

This is a song and video that I created to help ease some of the tension of stabilizing your finances ( i hope this works). This video is only for fun and if you are struggling to make ends meet at this time of year, I hope this video will help to bring a little smile to your face. This is my song and music video simply entitled “Broke.”

Brett Jolly’s Daily Thought (Topic: “Credit problems heading into the new year”)

Mr Jolly, is there any real way to deal with credit and financial issues? I was married, and my wife racked up a lot of bills on my credit. Now I have a lot of bill collectors calling and harassing me constantly to pay the bills that she now refuses to help me with. There is no way I can pay all these bills right now, but the calls keep on coming. I wish I could close my eyes and make all of this go away, but that kind of thinking isn’t real. I cannot keep up this pace. Can you give me any advice that can help me?

Credit issues are a problem for LOTS of people, not just you, and trust me when I say that they ALL are getting harassed with calls just like you are. A LOT depends on how you are standing with your bills. I would strongly suggest that you make your own “assessment” of your payments, due dates and how much money you make (at least per  month). Also, you need to know the “time” element of when your bills are due and “when” you get paid. I say this because when it comes to paying your debts, most people seem to lose track of WHEN these bills are actually due. In other words, if you have a car payment that is due in two days, but you don’t get paid for another week and a half, then chances are you are going to get hit with a “late payment.” It might even help for you to “chart out” the money flow of what you have each month. You see, if  you are at the point where you are at least “still” making a profit after paying all your bills each month, then that should at least give you the opportunity to “budget” your payments. Also, you need to keep this in mind: If you can manage to eliminate “one” bill from your credit, then that is the same as “getting a raise.” Think about it this way: If one bill is costing you $40 a month and you manage to pay it off, then in the following months you should have  an “extra” $40 more each month to work with (because you no longer have to pay it towards that particular bill… Got me?). You can take part of that money ($40) and pay a little “extra” money on “another” bill so that one can get paid off sooner as well. Do you see the picture here? Trying to pay “everything off at once” could take “many” years and lots of interest payments and frustration, but if you can manage to pay off one bill at a time then that extra money you save will help you pay off the next bill “faster.” Also, you might want to make sure that “whenever” you get paid, you “immediately” pay the “important” things “first,” like “rent and food.” You HAVE to have a place to live, and you HAVE to eat. Then just budget the rest according to when your bills are due, and try your best to live with whatever you have left to work with. At one point in my life, I was actually in this same kind of position, and now a LOT of my bills have zero balances on them. I just focused on “one at a time” and after I finished one off, the second one was a little easier to do, and the one after that was even easier. I am  not at zero balance yet for everything, but I am getting “much” closer to my desired goal, and the credit card companies now hate me because they are making no money from me. They keep offering me “limit increases” in hopes that I will renew activity on the cards again. If you can budget and keep up with the “time element” of when your bills are due, then you stand a good chance of paying off “everything” with minimal damage. If your credit is so bad that you are working with a loss each month, then just follow the same procedure. You can’t pay all the bills anyway, so just pay one off at a time with a lump sum payment (if possible) and next month strategically plan how to handle the next one. If you can make a successful assessment of your salary to payment ratio, then you “can” make it work. Just do “one at a time” and life just might get a “lot’ easier for you. Thank you very much for your topic and I wish the very best for you that this new year has to offer.

Wayne Brady and Brett Jolly in concert


Brett Jolly’s Daily Thought (Topic: She owes me money)

Mr. Jolly. I am writing this because someone owes me money. She borrowed it from me over a month ago and she said that she would pay me back within a couple of days. Well, now she keeps telling me that she is going to mail the money to me and sends me texts all the time giving various excuses, but still nothing comes in the mail. I told her that I would come pick it up from her. She lives close by but she insists that she will mail it. I don’t want to become an ogre but I want my money. She is not a bad person. Can you tell me how I should handle this without making it seem like I am terrorizing her?

I think just about “everyone” knows someone who is just plain “awful” with money. These people have the best of intentions but they lack the ability to handle finances correctly, which is probably why she needed the money from you in the first place. People like this are not mean spirited, but they are just unable to budget anything. They tend to spend money on things they “want” first and after the money has dwindled “THEN” they realize it’s time to pay for the necessities they “need.” There have actually been studies done on these type of people. Some spend out of habit. Some spend to help with depression. This lady here has inconvenienced you, and in a nice way you need to let her know that. You don’t want to come across angry or threatening with her, but you should at least let her know how disappointed you are in her. Chances are she “mishandled” your money and is now in hot water with someone else she owes money to. That should not be your problem at all, but until she can get her game together it will continue to affect you. Let this also be a learned lesson for you. When people want to borrow money, there is usually a reason behind it. If you know the circumstances, then you can better determine whether or not you want to take the risk of “lending it.” When she tells you that she wants to mail the money to you, that is her way of saying that she needs more time to get it. If she lives close by, then why not let you just come get it? The answer is “because she DOESN’T HAVE it… If you want your money, you will need to continue to ask for it. People like her will think that if you stop asking for it then you probably no longer need it anymore. Make sure to let her know that this is NOT the case. Once you finally get your money (IF you get it) then never loan anything to her again. I hate to say that, but if you do so next time and you don’t get paid then it will be YOUR fault (because you already know she is bad with money). I hope everything works out and I wish you luck. Have a great day.

singer Stephanie Mills and Brett Jolly


Brett Jolly’s Daily Thought (Topic: Dealing with money and the economy)

“Money and the economy…” The other day I saw an article that said %99 percent of us made no economic growth while one percent increased their wealth “significantly.” What that means is that the rich are only “getting richer” while the rest of us are struggling to stay where we are. I personally know of several people who do “extra” small jobs just to keep finances balanced. The other day I had a conversation with a group of people who wanted to see change. The problem is “How?” The first thing you need to ask is “What caused this situation?” That answer to that is “inflation.” When the costs of living can’t be sustained by the amount of money you make, then that means you are struggling to stay afloat. I have heard a lot of theories about how this came about, but I do believe that most of this transpired when the cost of “gas” started going up. Most of us are dependent upon gas to do the jobs needed to make a living, and if you have noticed, whenever the cost of gas has risen then “other” prices have gone up as well. If we could somehow relieve ourselves of the dependency for gas and find another alternate source, then that could be the “start” of better economic living. Walking more and driving less can help (and that might even help the insurance rates to do down). Also, we need to stop taking things for granted. Many people believe that we need to work for someone else and that is “all” that’s needed. The truth is that you can start your “own” business and have better control over your finances. Granted it would not be easy, and you would probably have to work twice as hard just to compete with the bigger companies, but it can be done. I have found that just because a company is big and well established doesn’t mean that a smaller company can’t offer better deals. If people realize the value of what you have to offer then they WILL patronize your business. Most people who work for others are never happy doing so, and they wish they could find a suitable alternative. Through better education and training you can. If you can eliminate certain bills then that is essentially the same as “getting a raise.” For instance, if you are paying $30 a month for a credit card bill then once you “rid yourself” of that bill then you will have an “extra 30 dollars” a month to spend on something else. Also, you need to itemize your spending habits. Determine just how much you spend for certain things. For instance, if you take your clothes to the cleaners a lot then you might be able to save a LOT of money by just washing your clothes on your own. Saving a dollar might not seem like much, but if you do it enough I guarantee at some point you will notice the difference somewhere. If you write your expenses down on paper I bet you can find “something” that you can alleviate that won’t waste money. Will doing any of this make you rich? Probably not… but would you settle for just “living comfortably?” I most certainly would. We don’t have to live our lives in accordance to the economic structures established by others. If you can think of a way to “do it better” then by ALL means go for it. If you are waiting for the rich to help you make more money then you are in for a major letdown. They are only interested in making more money for themselves. Make your services so “invaluable” that no one can turn you down and then make sure to “promote yourself” so that people know about you. In the end, you may accomplish much more than you ever imagined, and that would be “awesome.” Have you ever come across a small restaurant with food that was “so good” that people came from all over town just to eat there? That shows you how the power of a small business can be if they are “great at what they do.” If you have that same “small business mentality” then you can accomplish the same thing as well (and maybe do even better). Reach for your potential, and “make it” so that others “need” YOUR services. Be a little greedy, a little stingy and cheap, but in the end be “successful.” Hope your day is “inspiring” and blessed.

R&B crooner Freddie Jackson and Brett Jolly in concert


Brett Jolly’s Daily Thought (Topic: Star Athletes who lost their fortunes)

I just recently read that Terrell Owens (former football star and future Hall of Fame candidate) is in danger of having his 2 Dallas properties foreclosed on. Considering the fact that he once signed a $34 Million 4 year deal with the Cowboys only as far back as 2007 (and made over $80 million during his career), it makes one wonder how it is even “possible” for him to have “any” money problems at all. Interestingly enough, Allen Iverson made over 150 million during his career as an all star basketball player, and yet recently a court decision “froze” his assets because he owed a “jeweler” hundreds of thousands of dollars that he obviously couldn’t pay. Mike Tyson made well over THREE HUNDRED million dollars and now seems to have lost most (if not all) of it. “How does a star athlete come to lose so much money so soon?” In Terrell Owens case he claimed that he made “bad” investments that didn’t pan out. Iverson was well known for gambling and carrying around a large “posse” of friends just about everywhere he went. A lot of times Philadelphians would see his $200,000 blue Bentley car parked in the “handicapped” spot at Fridays. Tyson was also said to have had a lot of friends “leech” off of him, (including Don King) and they in essence squandered his money for him. From the standpoint of the athlete, this has to be a major letdown, and in fact it could be considered quite “embarrassing.” One thing that all three of these people had in common was “cockiness” and at times “arrogance.” All three of them just knew that they were at the very top of the sport they played in, and probably never thought that one day age would deplete their abilities to perform. Scottie Pippin was another all star who blew everything he had earned. John Daly (golfer), Anoine Walker (basketball), Michael Vick (football) and others made huge fortunes playing the game only to eventually come up “dry.” “Anyone” can make a “bad investment” but is that the “only” reason for their falls from fortune? Did living an overly lavish lifestyle contribute in any way? Does anyone reading this article feel sorry for them? In Michael Vick’s case he lost a lot when he was convicted and sentenced for dog fighting, but he seems to have turned the page on his career is is making a lot of that money back. Evander Holyfield was the heavyweight champion and made just as much money, but he also had eleven (11) kids. I would imagine that paying child support on 11 kids would be enough to bankrupt “most” people regardless of income. Where should the blame go? Was it the responsibility of their management teams to help guide them in the right direction? Was it the responsibility of the league directors to inform these athletes to “save” for a rainy day? What should we learn from all this? Well, for me, should I “ever” come into a position to earn huge figures like that, my first inclination would be to save as though my career would “end tomorrow” because it just “might.” Once you have saved enough money to where you could live off the “interest” alone then I would give myself an “allowance” to spend (and make sure not to exceed my own allotments). The truth of the matter is that even with their financial problems some of these athletes can still make more money than most of us by selling the assets they own, but that still doesn’t excuse them from blowing their fortunes with bad decisions in the first place. A role model can influence kids through positive achievements but a role model can also influence through “negative” happenings as well. I hope that the young kids who idolized these superstars take note to what is happening during the “twilight” of their careers because that is important to securing stability. “Success is never guaranteed to last forever.” Fame and fortune can “make you” and it can surely “break you.” You don’t have to be a star athlete to squander money, so hopefully the rest of us can learn from their experiences. Whether it is a “hundred million” or a “hundred dollars” it would be wise to “think before you spend.” If you think that you could have handled the situation better than I sincerely hope that one day you get “your” opportunity. I guess it is better to have “earned and lost” than never to have “earned at all.” Good luck to you, and I hope you are blessed with enough fortunes to at least make you “smile” today. Take care and have a great one.



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Singer Anthony Hamilton and Brett Jolly in concert