Most of us can relate to the story of Ejovi Newere. He grew up in the Bed-Sty section of Brooklyn and did not have it easy coming up. After watching a close friend gunned down as a teenager and his mother succumb to drugs, Nuwere began searching for an escape and...
Skid Row is a place that you probably never heard of. But it is a place in Los Angeles where impoverished families, drug addicts and schizophrenics fashion cardboard shelters from the merchants’ discarded boxes. And when times got hard, this is where you could...
You have to admit, this is COOL! What I love must about this story is the mother challenging her son to learn. This led to him doing research which led to him investing at an early age. To be 15 years old and worth $50,000 is pretty cool if you ask me. What...
They’re baaaack. Not evil spirits, but your children. In a recent Pew Research survey, 39% of all adults ages 18 to 34 said they live with their parents now or moved back temporarily in recent years. The return can have huge implications on retirement. ...
Nas and Snoop Dogg are betting big on a new app that experts say is poised to take the investment world by storm. The new app, Robinhood, aims at taking stock investing where few have gone before — and it plans to make it free and easy. The...
In a generation that’s scrambling for employment opportunities, the thought of retirement and end-of-career financial goals is often met with pure silence. Today, millennials make up 40% of unemployed workers, while Generation X and baby boomers make up 37 percent and...
The cost of a college education has dramatically increased over the past decade. As a result, parents and students have continued to accumulate more college debt and the ability to pay it off has become a significant problem for many people. This...
Once you land full-time employment, your employer may offer the option to contribute to a company-sponsored retirement plan. You might reason you can’t afford to contribute, but you’re wrong. You can’t afford not to contribute to your retirement fund. If your company...
1. Increase your 401(k) contribution. This is probably the single easiest and most painless way to ensure that you’ll be richer a year from now. You can increase your 401(k) contribution by 1%, 2%, 3% or whatever amount you feel comfortable with. Since it...
Mutual funds. Over the past three decades, mutual funds have emerged as one of the more popular ways to invest in the financial markets. But do funds make sense for you—and which funds might you buy? As you look to build an investment portfolio, we can help you buy...
The Benefits of IRAs By deferring taxes, an IRA has the potential to generate greater investment returns or greater retirement income than a similar non-retirement account. IRAs can be funded with rollovers from other IRAs and retirement plans, direct contributions or...
Even as you save and invest for the future, it’s important to plan for the unexpected. That might mean setting up an emergency fund and drawing up an estate plan. But you will likely also want to consider how life insurance can help protect your family and your...
Investing in Bonds Bonds, sometimes referred to as “fixed-income securities,” are prized chiefly for the regular income they can generate. They are often added to a stock portfolio as a way to reduce risk, because bonds sometimes post gains when stocks are...
Tax–deferred annuities come in two main flavors. Fixed annuities pay a rate of interest for a specified period of time. Variable annuities, meanwhile, allow you to select from a collection of professionally managed investment choices, known as subaccounts, which can...
2. Remain steady through market changes (good and bad) Now that you understand how stocks can benefit you, lets address the elephant in the room. When the market is bad, majority of shortsighted and uninformed people panic. I want you to reread that sentence...
Chamillionaire always proclaimed to be a millionaire, and now he has good reason. The hip hop artist turned venture capitalist is making a big splash in the world of investments. We hear so much bad stuff about our hip hop community, I think it is awesome to hear some...
You have to admit, this is COOL! What I love must about this story is the mother challenging her son to learn. This led to him doing research which led to him investing at an early age. To be 15 years old and worth $50,000 is pretty cool if you ask me. What would be...
Roughly 60 percent of all professional basketball players in the United States file for bankruptcy within the first five years of retirement, according to Sports Illustrated. But with the help of his mother, Philadelphia 76ers rookie Michael Carter-Williams hopes to...
I want this article to destroy the mindset of the person who thinks you need a lot of money to invest and be successful. As you will hear through out this site and in the video further down in this article, self-education is key. If you do not educate yourself on the...
In the urban community, stocks are often misunderstood and are not really used as a financial tool for retirement. Majority of us have the tendency to rely on a 401k that our employer provides for us as our only savings tool for retirement. Although some employers...
It is without question that Hip-Hop (Rap Music) is the most popular form of music on earth. It has influenced culture on all continents and continues to grow year after year. It is quite amazing to think that black people created Hip-Hop in New York back...
Let me state this very clearly. This article is not about stocks vs. bonds. A savvy investor will have a mix of both. The art of investing is how you use both in your portfolio. Bonds are not as sexy as stocks and will never yield the same potential rate of return as...
