Don’t just know your worth…Create it!
The average net worth for millennials is less than $11,000. While that is not necessarily a small number, it pales in comparison to the figures needed to achieve most long-term financial goals. While we might think the path towards these goals is to make more money, the real solution is building wealth. The two might seem the same, but they are very different. When you’re rich, you work for and/or have a lot of money. But when you’re wealthy, your money and your assets work for you. This is a
Black Investors Take Note: Reddit Rebellion Rescues GameStop Stock
By Stacy Brown The story of 10-year-old Jaydyn Carr and his mother, Nina Carr, is just one example of the impact of Wall Street’s ongoing GameStop rally. Their financial windfall came about as a result of a trading frenzy that was never witnessed before– and one that found even some of the most astute stock market experts struggling to explain. A band of amateur day traders that interacts with one another on the Reddit page WallStreetBets, encouraged whoever was listening to buy shares of the flailing GameStop, AMC, Macy’s and
NBA Star Chris Paul Launches Month-Long Initiative to Draft One Million Kids Into a Path of Financial Freedom and Generational Wealth.
NBA Star Chris Paul and Goalsetter, a Black-owned kids and family finance app that provides a next-generation, education-first banking experience for U.S. kids and teens, today announced a full-court press initiative to “draft” 1 Million Black and Brown kids to become the next generation of savers and investors, kicking off during Black History Month. The initial round of the “Drafted” campaign will tip off on February 1 with NBA star and NBPA president Chris Paul “drafting” 100 kids who participate in his Club 61 Leadership Alliance from his
L’Oreal USA Partners with NAACP to Launch Grant Program for Black-owned Small Businesses
L’Oréal USA today announced the creation of its Inclusive Beauty Fund, a new grant program presented in partnership with the NAACP, the largest and most pre-eminent civil rights organization in the nation. Through this inaugural round of funding, L’Oréal USA will award 30 one-time grants of $10,000 each to Black-owned small businesses, Black entrepreneurs, and professional services in all sectors of the U.S. beauty industry. As small businesses in America have been hit the hardest by the economic fallout of the pandemic and Black-owned businesses are shutting down twice as fast as others according to NBER, L’Oréal USA teamed up with the NAACP to identify the most promising Black-owned small businesses and
Black Women Keep Something Brewing: Rosalind Brewer named new CEO of Walgreens
By Ashley Stevenson On March 15th, 2021 Rosalind Brewer will be named the new CEO of Fortune 500 Company, Walgreens. Brewer, currently COO of Starbucks and former CEO of Sam’s Club is a graduate of Cass Technical High School, located in Detroit, MI. She went on to graduate from Spelman and then Stanford Law School before becoming the first Black Woman to serve as Starbucks’ CEO and sit on the board of Amazon. In 2018, I had the pleasure of meeting Mrs. Brewer during her address at the Sankofa
5 Ways Black Businesses Can Grow After Emerging From Disruption
The pandemic made 2020 a difficult year for many small businesses, as many closed permanently. But other small companies had success despite the surge in outbreaks and are hoping to build on those achievements in 2021. How can they keep their momentum going, and what can other companies learn from their struggles to navigate the challenges of the new year? “To stay afloat, owners adjusted on the fly and creatively found ways to change their operations,” says Chris Buitron, CEO and president of Mosquito Authority® (www.mosquito-authority.com). “Those that survived can use innovations
Money: Top Tips for Organized Tax Filing
(StatePoint) 2020 was a particularly stressful year — but filing its taxes doesn’t need to be. With the following tips, you can stay organized and cool-headed throughout the process. File Early File early so you check this major to-do off your list and relax. The good news is that the sooner you file, the better. This is true no matter what your circumstances are. If you owe money, you’ll have that much more time to plan your payment. If you’re due for a refund, filing sooner means you’ll have
African Americans making power moves in corporate world
by Rob Taylor Jr. Courier Staff Writer Andrea Stanford was already going places, even before The Advanced Leadership Initiative’s “Executive Leadership Academy” came to fruition in 2018. The Westchester County, N.Y., native, who came to Pittsburgh and graduated from the university that bears the city’s name, has been lauded for her professional and community service efforts in the 13 years she’s been in the Steel City. In recent years, she progressed from a Digital Experience Product Manager at PNC to Assistant County Manager for Allegheny County. Then came word of a new
American Express Commits $2.5 M to 100 Black Female Owned Businesses
Did you know that woman-founded businesses received a mere 2.8 percent of venture capital dollars in 2019, with female founders of color receiving just 0.32 percent? A couple big organizations are working to change that for the long-term. Co-Founder of Kazmaleje (pronounced Cosmology), LaToya Stirrup is one of 100 women selected by American Express and IFundWomen of Color for its 100 for 100 campaign that supports black female entrepreneurs. All recipients of the grant program will be awarded $25,000 plus 100 days of business mentorship. Kazmaleje, founded in Miami,
Atlanta Hawks strike historic agreement with Black-owned banks
The Hawks become the first professional sports team to secure financing with Black-owned banks for $35 million refinancing of Emory Sports Medicine Complex Transaction facilitated with the support of the National Black Bank Foundation and Black Bank Fund to help bolster Black banks and the communities they serve Earlier today, the Atlanta Hawks announced that it has agreed to refinance the construction loan for the Emory Sports Medicine Complex with a syndicate of Black-owned banks. The $35 million loan marks the first time a professional sports franchise has had