Search

The article presents a brief profile of John Hope Bryant, American financial literacy entrepreneur and businessman, and his financial literacy powerhouse nonprofit, Operation HOPE. Bryant realized early that one's emotional well-being must be nurtured along with one's financial plan. He witnessed that a large numbers of African Americans engage in financially destructive behavior.

The article offers steps to prepare one's future, maintain one's standard of living, and get retirement back on track. Some of the tips for millennials include investing early, creating a financial plan, and getting a financial adviser. Topics discussed include what retirement means for millennials, ways to embark on an encore career, and the statistics of what is coined as the sandwich generation, adults in their 40s and 50s who have a parent 65 or older and are financially supporting a child.

The article offers suggestion for management of finances by parents whose adult children rely on them. Topics discussed include avoidance of parents for determination as emergency funds towards their children, prevention of addition debt related to their adult children, protection of financial stability by not staking at risk, establishment of mutual living agreement with their children for living together and involvement of several rules under the agreement such as home maintenance.

The rules for wealth building changed in 2001. In the aftermath of the tech wreck, it became clear that investors could no longer throw their cash into a high-flying stock [...]

The article offers advice for parents on college financial planning for their children. Experts say that one factor that parents and children should consider before enrolling to a college with above-average costs is the income that the student expects after graduation. Parents can also invest in Qualified Tuition Plans which are exempted from federal taxes. Another help is the financial aid which offers a combination of grants, loans and work-study programs according to author Kalman A. Chany.

The article offers tips on how women can negotiate on her own behalf or assert herself financially and tap her inner alpha female to meet the challenges head-on. It points out that one should first remove the emotion and any personal words to become a woman who makes sure that she gets what she wants. It suggests for women do their homework and come into the situation prepared and educated. It recommends demanding to be included in meetings with financial planners and ask questions.

The article offers tips on investing for women. It says that women must invest earlier compared to men because they tend to live longer. According to the author, it is good to contribute to the retirement plan of a company as soon as possible, to start small and to remain committed to an investment plan. The need to develop a financial curriculum and the importance of attending workshops and seminars are also discussed.

The article discusses how certified financial planner Alfred McIntosh helped three generations of the Wynne-Allen family worked together to create a financial legacy in the U.S. The Allens started working with McIntosh to organize their finances, after which they introduced their son to the planner for advice on preparing for his own financial future. According to the author, the Wynnes signed up for the fee-only services of McIntosh based on a referral. Differences between the Wynnes and the Allens on how they handled their finances are discussed.

The article discusses how women develop a money management plan while dealing with life challenges and stages. It features resources and a list of steps in developing financial action plan and building wealth that will last for generations to come. It tells about money management, investing, and tax and estate planning.

The article presets personal finance management tips from several African American financial planners, investment gurus, realtors and tax advisers. Chris Long, president and owner of Long & Associates, suggests rebalancing one's portfolio while sticking with long-term investing plan. Dorethia Conner, president of Conner Coaching, recommends consulting to generate income after a layoff.

The article presents guideline showing women how to take control of their financial future. It focuses on wealth preservation, such as how to protect one's hard-earned nest egg through estate planning and obtaining the right insurance. The package provides a financial blueprint for women according to life stage to help them make sound decisions.

The article features the "Black Enterprise's" 2007 Financial Fitness contest winners, namely, April and Gabriel Raines, Victoria Reddic, and Quency Hawkins. Each winner acted on at least some of the advice the planners offered. Despite sudden change and uncertainty, they are even more motivated to continue building upon the gains of last year to ensure a strong financial future.

The article discusses the things to consider when choosing places to retire. It suggests 20 areas that offer a great lifestyle without straining one's budget. Among them are some perennial favorites, such as Durham, North Carolina, and Nashville. There are also some smaller locales, such as Kent, Washington, and Johnson City, Tennessee.

The article emphasizes the appropriateness of stabilizing one's portfolio and converting money into bonds, real estate and gold in 2008. Based on the article, 2008 is the perfect time to perform an annual portfolio checkup to determine if any adjustments should be made. Newlyweds Lisa and Terence Dillard are working with a financial planner to build their individual retirement accounts. David Braverman of Standard & Poor's says investors know that allocation of assets outside of stocks is as important a strategy as putting money into equity markets.

The article presents pieces of advice related to retirement planning. It is important to determine the amount of money needed to maintain one's lifestyle in retirement. The author states that planning early may have an advantage if a person works for an employer that not only offers a 401(k) but also provides a company pension.

The article presents updates on the three contest winners of the 2005 and 2006 Financial Fitness Contest of Black Enterprise, who are on their way to reaping financial rewards for years to come. Marvin and Rhonda Vinson are making better spending and investing decisions and have seen their net worth grow from $700,000 to $900,000. September 2005 winner Veronica Stewart plans to purchase two single-family homes, by year-end.

The article offers tips on educating children about money and financial planning. Parents can open a savings account to show children how to save. Parents are advised to include a lesson at home that teaches children about the value of money. Parents should encourage children to create a small budget to track income and expenses.

This article offers advice on retirement planning. One must start planning for his retirement at an early age. Create a budget plan to set parameters on spending. It is important to save some money and limit the use of credit card. Bad spending habits must be eliminated. An opportunity fund must be established and maintained.

Offers tips on managing financial plans. Suggested contribution value for retirement savings; Benefits of using alternative minimum tax; Importance of asset allocation.

Offers tips on developing sound budgeting habits to free up cash for investments and on how to invest at minimal risk and maximum returns. Ways to manage credit card purchases; Importance of developing the habit of investing; Discussion on investment goal prioritization.

Offers financial advice for people looking to take control of their money. Definition of asset; Maintenance of a good debt-to-income ratio; Tips on avoiding the advertising hype.

Offers tips on using real estate to build wealth. Advantages of home refinancing; Information on the trading up strategy in real estate; Tax advantages of owning a real estate.

Looks at the approach needed in developing a financial plan for Afro-American stepfamilies. Description of the situation of the Moyo and Hales family; Tips on managing the household finances of merged families; Financial issues needed to be addressed in merged households.

The article offers suggestions on how to prepare for spending after retirement in case of an unexpected layoff. The author suggests considering fixed and variable expenses and determining what can be cut. One can also consider health coverage options and ask about benefits the company may offer those who are being laid off, such as COBRA. One can also consider entrepreneurship, says the author.

The article features African American Lachelle Story, focusing on her job, finances and her plans of running her own business, as it offers expert guidance to help her strengthen her financial position and develop her business. The Alexandria, Virginia resident plans to leave her post as a family care coordinator early 2014 to operate her home-based venture full time. It presents her financial snapshot, noting a negative net worth due to her student loan and credit cards.

The article details the cash flows and financial condition of Lateshia Woodley and Alex Kelly, a young couple residing in Ellenwood, Georgia. Like many others, the couple reportedly has money-style differences. Woodley is said to be a spendthrift while Kelly is a saver. While the money spending issue may never be fully resolved, Kelly and Woodley reportedly talked about it, worked toward a compromise and established rules both can live with. Through direct and honest communication, true respect for each other's financial needs was reportedly attained.

The article offers tax tips for parents whose high school graduates are entering college. The American Opportunity Credit is recommended for its ability to reduce income taxes buy up to 2,500 U.S. dollars for who pay for qualifying tuition, fees and course materials. Parents are also advised to borrow money wisely. Another strategy for reducing cost is to purchase a house near campus.

Presents information on several investment tips for investors. Prioritization of financial goals and investment strategy; Increase in contributions to 402(k) fund; Elimination of credit card debt; Ways to defer taxes.

Presents information on the financial strategy used by self employed Ellen Hendrix of Winston Salem, North Carolina to decrease her debts and increase her savings. Use of equity lines of credit to build emergency fund; Establishment of a single member liability company to hold real estate; Creation of an estate plan.

The article offers suggestions by personal finance expert Dominique Broadway related to management of finances by single women along with savings for financial freedom. Topics discussed include assessment of realistic goal of the business with analysis of its budget; association with different digital platforms for assistance in saving criteria with automatically saving small amounts such as Digit; and maintenance of balance between saving goals and social life.

Let this debt-management plan rescue you from a haunted past IT WAS IN TAN GOODJIONES' SENIOR YEAR AT ATLANTA'S MORRIS BROWN COLLEGE IN 1983 that the high-interest department-store credit cards [...]

The article offers information related to black businesses and real estate planning. Lori Anne Douglass, an estate-planning attorney at Moses & Singer in New York, offers her perspective on issues regarding the financial life of musician Prince, whose estate is estimated to be worth about $300 million.

The article offers information on a workshop by the Los Angeles Housewives of Finance, a subsidiary of professional financial group Houston Housewives of Finance, at a pre-basketball game in Los Angeles, California where they provides tips to fans on how to become financially literate.

Declaration of Financial Empowerment From this day forward, I declare my vigilant and lifelong commitment to financial empowerment and hereby pledge the following: 1 I will use homeownership as a […]

LIGHTNING CAN STRIKE THE SAME PLACE TWICE. UNFORTUNATELY, THE LESSANU FAMILY KNOWS this firsthand. In August 2002, Dawit, an IT professional at Booz-Allen Hamilton, was out of work. This August, [...]

SANDRA THOMPSON, 50, IS PART OF A GROWING TREND: SHE IS A SINGLE MOTHER BY CHOICE--not by circumstance. In 1995, Thompson decided she was financially secure enough to care for [...]

The article provides information on future prospects of financial security and a study revealed by the Lincoln Financial Group. including financial goals of U.S. citizens, distribution of income, and availing workplace benefits.

In this article, the author discusses the ways for financial planning which include adoption of high-interest rate credit cards, priority for debt reduction and to maintain proper emergency savings fund.

The article offers suggestions for collaboration of finances among relationship partners. Topics discussed include observation of financial commitment of partner along with association with lottery, illustration of different financial details associated with situations such as bankruptcies, examination of several factors such as shared expenses before development of joint accounts and avoidance of signing for shared financial commitments along with other expenses obligations.

The article discusses the benefits of including life insurance in the financial plans of American citizens, particularly members of the African American community, as of October 2013. It cites as example the case of the couple, Minister Reginald McRae and his wife, Leslie Franks McRae, who opted for term policies for their insurance plans. The other topics include whole life insurance, universal life insurance, and variable universal life insurance.

The article reports on 47-year-old Angela Moore who had a late start in planning for her future finances but who is now intent on continuing to manage her money better. Two years ago the legal secretary started cleaning up her act and educating herself, using personal finance books and magazines. She hopes stock market returns and her home resale value will make up for lost time. She has come a long way in two years, but she's still concerned about the mistakes of her youth.

The article reports that it is better to start financial planning very early in life. While some experts advise parents to focus on saving for their golden years rather than their children's education, Paul Dixon, believes that it is possible to do both, if one start organizing financial priorities very early in life. Dixon also tells how he attained both.

The article offers tips for mew entrepreneurs on financial management. It advises them to establish emergency savings beyond the traditionally recommended amount. It is essential for the entrepreneurs to save money and cut expenses. Moreover, having a separate business bank account will prevent confusion when it's time to pay bills or payroll. In addition, it is vital to incorporate business as a separate entity.

The article reports on Sibrena Stowe de Fernandez, the owner of communications firm Stowe Communications Inc. that boasted clients including Universal Music Group and Epic/Untertainment Records. Stowe de Fernandez had to face financial difficulties due to a failure to separate her personal funda and corporate funds. In 2002, she found herself owing 25,000 dollars to the U.S. Internal Revenue Service, and 9,000 dollars in taxes to the state of New York.

The article reports on Jason Scott of California, whose spendthrift lifestyle wrecked his finances. Scott admits that he lived a lifestyle which he could not afford and his spending resulted in a kind of personal recession. Scott remained unemployed for two years and cashed out his 401 (k) and pension, depleting both and incurring taxes and penalties. In 2011, Scott found full-time employment as a proofreader and copy editor for a nonprofit and moved back to California.

The article offers investment advice by knowing about the Roth 401(k) retirement plan, a hybrid between the 401(k) plan and the Roth IRA. The Roth 401(k) option appealing if a worker is young or at the start of his/her career, and he/she feels he/she may be in a higher tax bracket during retirement. Meanwhile, the traditional 401(k) is attractive, if an employee is nearing the end of his/her career and he/she wants to lower the amount of money that he/she is taxed on today.

The article discusses the subject of money management. It features African American Ije Obiorah, who learned the importance of saving money at a young age. Despite the challenges that she faced in life, Obiorah suggests that one should adjust to life difficulties. Advice by Georgia-based Wells Fargo Advisors' Katrina Everett on how Obiorah could prepare for her retirement is also cited.

The article features the African American couple, Michael and Nia McElroy, as well as how they learn the importance of setting goals to prepare an effective financial plan. According to the couple, they want to create short- and long-term goals in investing their money. Michael works as unit manager at Travelers Insurance, while Nia is a college access coordinator.

The article suggests strategies to help protect investments from inflation. Financial planner Fred O'Neal encourages entrepreneurs to allocate a percentage of their portfolio in equity mutual funds to benefit from the stock market's record of outpacing inflation over time. It advises entrepreneurs to engage in portfolio allocation, invest in fixed-income investments that keep up with inflation, and to include commodities and real estate as part of asset mix.

The article presents a financial management advice for pro athlete turned corporate executive Malcolm Johnson. It states that after retiring from professional football, he and his wife Joanne, has a positive net worth which includes their cash savings and investments. However, they also have an estimated one million U.S. dollars in debt. Details on the income and expenses of the company are also mentioned.