September 30, 2014 3:15 PM • Log InREGISTER
HOT TOPICS:
WATCH: Amid Criticism, Suze Orman Defends Her New Prepaid Debit Card Russell Simmons to the Financial Press: ‘Is It Because I’m Hip Hop?’ Dr. Martin Luther King, Jr. Decoded How Radio Personality Angela Yee Dug Herself Out of Debt 7 Signs that You are a Woman Behaving Wealthy Know Your Renter’s Rights Portfolio Repair Create Your Own Financial Recovery You Can’t Predict the Future Debt-Free Diet Your Get-Out-of-Debt Checklist Bullish on Retail 3 Ways to Achieve Your Financial New Year’s Resolution In Just 30 Days 12 Financial New Year’s Resolutions for 2012 How to Handle Holiday Tipping During Tough Times Preview B.E. Business Report: How to Recover From Home Foreclosure Ask the Money Coach: Should You Walk Away from Mortgage Debt You Can’t Afford? Ask the Money Coach: How to Improve Your Finances in 2012 To Sue or Not To Sue? What Kim Kardashian Can Teach You About Filing a Lawsuit Make a Financial Commitment to Yourself Year-End Tax Tips for the Self-Employed The Team You Need for Your Year-End Financial Checkup Financial Fitness Performance Review 5 Ways to Maximize Coupon Campaigns Optimistic Outlook Coping With Depression When Money or Personal Problems Arise During the Holidays 3 Things You Should’ve Been Focused on Besides Black Friday Sales 7 Ways To Have Fun On A Budget 5 Holiday Shopping Tips for Shopaholics How to Shop Safe & Save Money on Cyber Monday Best Black Friday Deals & the Worst Shopping Traps to Avoid Holiday Scams and How to Avoid Them 5 Good Reasons To Buy Nothing & Avoid Holiday Shopping Completely 5 More Ways to Earn Extra Cash Before Year’s End Holiday Hot Button: Not-So-Merry Marital Tensions Ask the Money Coach: Are You Ever Too Old to Start a 401(K)? Ask the Money Coach: New Bank Fees Are Coming. Here’s What to Expect Ask the Money Coach: How Do Small Collection Accounts Impact Your Credit Score? Ask the Money Coach: A Super Easy Budgeting Tip That Works Drake Decoded: How the International Star ‘Takes Care’ of Business Ask the Money Coach: 10 Easy Ways to Save Money on Gas for Your Car What the European Debt Crisis Means for Your Investments Even Millionaires Have Budgets. Two Reasons You Should, Too Joe Frazier Decoded: The People’s Champion Remembered College Scholarships for Students in High School, Middle School and Kindergarten (Yes, Kindergarten!) 75 Most Powerful Blacks on Wall Street Attention Layaway Shoppers: 8 Tips to Know Before Using Layaway Don’t Blame Minority Homeowners for the Housing Crisis 5 Common Money Mistakes Middle Ground Make Your Mortgage Affordable Finding Common Ground How to Use Coupons for Big Savings Recovering From Bank Fraud 5 Scary Financial Scams That Can Wreck Your Budget Well Past Halloween Ask the Money Coach: Resources to Help Teach Your Kids About Financial Literacy Understanding Obama’s Student Loan Debt Plan: Will It Help You? Ask the Money Coach: 7 Ways to Survive Your Child’s College Costs Bill Cosby Decoded: A Family-Friendly Brand How to Benefit from Making Home Affordable Refinance Program Don’t Let the Debt Downgrade Scare You The DOs and DON’Ts of Charitable Giving Stocks That Pay Dividends Cain Vs. Obama: A Comparison of Economic Issues Is Your Home an ‘Asset’ or a ‘Liability?’ Too Young to Think About Retirement? Think Again! Ask the Money Coach: 5 Steps to Take When a Relative Ruins Your Credit Ask the Money Coach: 5 Ways to Earn More Cash Before Year’s End How to Dump a Vacation Timeshare You Don’t Want When a Relative Dies and You Can’t Afford the Funeral David Banner’s 4 Money Management Lessons for Black America The Truth About ‘No Cost’ Loans from Home Lenders What Will a Strategic Default Do to Your Credit Score? Don’t Let Your Car Note Drive You Crazy LL Cool J Decoded: The Greatest Brand of All Time 3 Reasons You Should Consider Buying Identity Theft Insurance 3 Easy Steps To Check Out a Debt Collector 9 Most Irritating Bank Fees and What to Do About Them 7 Excuses That Are Delaying Your Retirement How To Get the Best Credit Card Deal WATCH: Finance Expert Ryan Mack Sounds Off on Occupy Wall Street What to Do if a Debt Collector Tries to Sue You What You Should Know About Credit Card Hardship Plans Portfolio Protection Getting a Break for Funding Your Kid’s Education Credit Counseling Myths and Reality How to Make the Most Out of Groupon and Daily Deal Sites Eddie Murphy Decoded: Road to the Riches & the Oscars 3 Huge Problems with Student Loan Debt How To Get A+ Credit Property Ladder Living Solo in the Big City 3 Mistakes Singles Make with Their Money How to Negotiate a Better Financial Aid Package Tackling a Prosperous Retirement Digging Out of Debt 3 Signs Your Man is Bad with Money 4 Tax Breaks for College Students How To Have “The Talk” With Your Teen 5 Financial Steps to Take When a Parent or Loved One is Dying How to Handle Your Beau Being Broke 6 Tips for Decreasing Student Loan Debt Post Grad Watch Out For Business Credit Cards The Lending Score You’ve Never Heard Of Experience Required Inflation-Proof Your Portfolio Relearning the Value of a Dollar 6 Signs Your Extreme Couponing Has Gotten Too Extreme 7 Ways to Save on College Textbooks and Supplies 6 Ways to Save Big on Back-to-School Shopping How to Create a Solid Financial Back-Up Plan Sick And Tired Of Your Money Problems? Try Hill Harper’s ‘Wealth Cure’ The Right Way to Use Coupons for Big Savings Your Cheat Sheet: A Quick Guide to Student Loans for College Get it Together, Diva: Plans B, C, and D are Always a Good Look Lessons in Money Management from My Mom 5 Signs of a Foreclosure Rescue Scam Steve Harvey Decoded: A Brand Suited for Success 5 Ways To Upgrade Your Investments As Nation Deals With Debt Downgrade Nightlife: How to Budget When Out on the Town How Obama and the Democrats Dropped the Ball…Again 7 Signs the Person You’re Dating is a Bad Investment What to Do If Retirement is No Longer an Option 11 Ways to Save Money on Your Wedding Day Stop Burning Cash! It’s A Small (Cap) World 3 Ways to Get Your Warranty Extended for Free Facebook to Offer Consumer Deals Home for Rent Overcoming Life’s Debt Why Trading Commodities Isn’t a Get-Rich-Quick Scheme What to Buy in July Blending Families and Finances How To Close The Wealth Gap: Step 1 5 Ways You Can Prepare For Debt Default Poll: Do You Plan to Support Your Adult Children? Preparing for the Marathon To Rebuild Our Wealth What You Need to Know about Co-signing on a Loan Moving Soon? Be Careful Thieves Don’t Move with Your Identity When Your Household Finances Fall Apart 10 Most Expensive Divorces for Black Celebrities Will the Consumer Financial Protection Bureau Do Any Good? Beware of Cross-selling Tactics The Truth About Bankruptcy: Why All Your Debts WON’T Go Away Decoding Barack Obama’s Social Media Campaign Strategies New Law Helps Minority and Women Contractors Land Big Deals 6 Steps to Take If a Debt Collector Tries to Sue You How to Get the Most For Your Dollar When Traveling Abroad How to Score a Summer Vacation Deal! 5 Situations When It’s OK to Close a Credit Card

Money

(Image: Thinkstock)

WATCH: Amid Criticism, Suze Orman Defends Her New Prepaid Debit Card

In a video interview with theGrio.com/CNBC reporter Sharlita Brantley, Suze Orman goes on the defensive about launching her own prepaid card

In a video interview with theGrio.com/CNBC reporter Sharlita Brantley, Suze Orman goes on the defensive…

By Elayne Fluker

Posted: Tags: , , , , , , , , , , ,
RUSH COMMUNICATIONS: Russell Simmons, founder of Def Jam (1984) and Rush Communications (1991) (pictured). Def Jam is responsible for launching the career of LL Cool J and the Beastie Boys, and Rush Communications is the parent company for media, entertainment, apparel, financial and philanthropic companies.

Russell Simmons to the Financial Press: ‘Is It Because I’m Hip Hop?’

Amid prepaid debit card criticism, the RushCard founder demands to know why he's considered a "celebrity endorser"

As prepaid debit cards by Suze Orman and Lil Wayne are criticized, RushCard founder Russell…

By Elayne Fluker

Posted: Tags: , , , , , , , , ,
When assessing the legacy of Dr. Martin Luther King, Jr. the number of protesters he helped rouse, the amount of books documenting his philosophy that he published and the total revenue generated by artistic projects made in his honor only tell a fraction of the story. To truly decode Dr. King you must take into account the impact he has had on the global issues of race, class and social justice by virtue of inspiring change. In honor of Martin Luther King Jr. Day, BlackEntperise.com spoke with James Peterson, the Director of Africana Studies and Associate Professor of English at Lehigh University, in an effort to enhance our understanding on the civil rights leader’s work. —Souleo

Dr. Martin Luther King, Jr. Decoded

See how the Civil Rights leader inspired mass change

As the nation celebrates the birthday of Martin Luther King, Jr., Black Enterprise Decodes the…

By Souleo

Posted: Tags: , , , , , , , , , , , , ,
Angela-Yee-300x232

How Radio Personality Angela Yee Dug Herself Out of Debt

The New York DJ recounts her financial missteps before getting back on track

Power 105 radio host Angela Yee found herself struggling with credit debt until she decided…

By Janee Bolden

Posted: Tags: , , , , , ,
wealthy-woman-300x232.jpg

7 Signs that You are a Woman Behaving Wealthy

Time for a purse check, ladies. These tips tell you what you need to do to go from 'just making it' or 'plain broke' to truly wealthy

Time for a purse check, ladies. These tips tell you what you need to do…

By Robin A. Young

Posted: Tags: , , , , , , , , ,
Rachel Mixon (Photo by John Bashian)

Know Your Renter’s Rights

Learn how to protect yourself in landlord–tenant disputes

In February 2010, Rachel Mixon of Cleveland was disgusted to find sewage seeping into her…

By Tamara E. Holmes

Posted: Tags: , , , , ,
Jeremy McMullen (Photo by Brian Dressler)

Portfolio Repair

Many people would love to be in Jeremy McMullen’s shoes. At 30, he has little…

By BLACK ENTERPRISE

Posted: Tags: , , , , , ,
economic_recovery

Create Your Own Financial Recovery

Although the unemployment rate among workers 55 and older is relatively low at 6.4%, it…

By Jeffrey McKinney

Posted: Tags: , , , , ,
Mellody Hobson

You Can’t Predict the Future

We find ourselves at that time of year again: While many are resolving to lose…

By Mellody Hobson

Posted: Tags: , , , , , , ,
Monique Harps (Photo by Jeremy Charles)

Debt-Free Diet

Four years ago Monique A. Harps contended with more than $104,000 in debt. Although the…

By Aisha I. Jefferson

Posted: Tags: , , , , , , , , ,
Take control of debt. “The rich rule over the poor, and the borrower is servant to the lender.” —Proverbs 22:7

Your Get-Out-of-Debt Checklist

A new year is upon us and, according to Experian, the average consumer owed more…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , ,
Robert McMillan

Bullish on Retail

Standard & Poor’s stock analyst Robert McMillan says consumer financials and commercial real estate investment trusts can offer solid returns

Standard & Poor’s INDUSTRY analyst Robert McMillan has been particularly bullish when it comes to…

By James A. Anderson

Posted: Tags: , , , ,
piggy banks-300x232

3 Ways to Achieve Your Financial New Year’s Resolution In Just 30 Days

2012 is here. Is your money right? Use these tips to help you get on-track

Money coach Lynnnette Khalfani-Cox gives you three key tips to help you reach your financial…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , ,
If one of your New Year’s resolutions for 2012 is to improve your finances in some way, join the club.

According to a survey from TD Ameritrade, 73% of Americans will make at least one money-related New Year’s resolution. Regardless of your current economic circumstances, here are 12 crucial and doable financial goals worth putting on your list of New Year’s resolutions for 2012 – along with some tips and resources to ensure your financial success.---Lynnette Khalfani-Cox, Askthemoneycoach.com

12 Financial New Year’s Resolutions for 2012

Money Coach Lynnette Khalfani-Cox tells you 12 easy steps to get your money matters in order for 2012!

Money Coach Lynnette Khalfani-Cox tells you 12 easy steps to get your money matters in…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , ,
(Image: Thinkstock)

How to Handle Holiday Tipping During Tough Times

The current economic situation hasn't changed Americans' tipping habits. See what you can do to show your gratitude without breaking the bank

Etiquette experts at The Emily Post Institute, Inc. provide pointers on holiday tipping during an…

By Sade K. Muhammad

Posted: Tags: , , , , , ,
ValerieMorris-300x225

Preview B.E. Business Report: How to Recover From Home Foreclosure

Also: Sea World President Terry Prather; Entrepreneurs of the Week Rodney Hughes and Tony McGee

Author Valerie Coleman Morris provides solutions for those recovering from home foreclosure

By BlackEnterprise.com

Posted: Tags: , , , , , , , , , ,
money-house_crop.jpg

Ask the Money Coach: Should You Walk Away from Mortgage Debt You Can’t Afford?

Carefully consider the potential pros and cons from walking away from your mortgage

How to carefully consider the potential pros and cons of walking away from your mortgage

By Lynnette Khalfani-Cox

Posted: Tags: , , ,
Advocacy Releases Annual Small Business Lending Report

Ask the Money Coach: How to Improve Your Finances in 2012

What money questions you should ask yourself as you head into 2012

The Money Coach Lynnette Khalfani-Cox tells you what money questions you need to ask as…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , , , ,
Kim-Kardashian-Kris-Humphries-300x232

To Sue or Not To Sue? What Kim Kardashian Can Teach You About Filing a Lawsuit

What you need to know before threatening to sue

Money coach Lynnette Khalfani-Cox tells you what you need to know before filing a lawsuit

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , ,
Earl "Butch" Graves Jr., President & CEO, Black Enterprise

Make a Financial Commitment to Yourself

Our mission at Black Enterprise is Wealth for Life, providing our audience with the information…

By Earl "Butch" Graves Jr.

Posted: Tags: , , ,
Bernadette Clay (Photo by Kevin Allen)

Year-End Tax Tips for the Self-Employed

When Bernadette Clay established her sole proprietorship in 2007, tax preparation took place between Jan.…

By Tamara E. Holmes

Posted: Tags: , , , , , ,
Chantay Bridges (Photo by Kevin Foley)

The Team You Need for Your Year-End Financial Checkup

At a time when it’s about the parties and festivities, it can be hard to…

By BLACK ENTERPRISE

Posted: Tags: , , , , , , ,
Bryan Mitchell (Photo by Jerry Jack)

Financial Fitness Performance Review

With $2,000 to get them started, our previous winners managed to navigate a volatile market…

By Sakina P. Spruell

Posted: Tags: , , , ,
coupons

5 Ways to Maximize Coupon Campaigns

Consumers are inundated these days with special offers including online codes and social coupons. For…

By Carolyn M. Brown

Posted: Tags: , , , , ,
Image: ThinkStock

Optimistic Outlook

Morningstar equity analyst Daniel Holland sees industrial stocks as a bargain for long-term investors

At first glimpse, it’s hard to make up your mind about industrial stocks—companies involved in…

By James A. Anderson

Posted: Tags: , , , , ,
depression-woman-300x232.jpg

Coping With Depression When Money or Personal Problems Arise During the Holidays

Six tips on how to stay positive and enjoy (or endure) the holiday season

Lynnette Khalfani-Cox gives you six tips on how to handle depression, money and personal problems…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , ,
(Image: ThinkStock)

3 Things You Should’ve Been Focused on Besides Black Friday Sales

There's nothing wrong with spending if it's for a good cause and not consumer greed and gluttony

Despite being in a recession, American spending continues as 2011 marks the biggest Black Friday…

By Caroline Clarke

Posted: Tags: , , , , , , , , , , , , , , , , , ,
In these financially-strapped times, the thought of using money you barely have to enjoy yourself might ignite stressful feelings. In fact, a lack of disposable income can lead some to almost never involve themselves in fun or extracurricular activities outside of basic cost of living. However, some mental health experts believe working to pay bills without making time for recreation can lead to major stress. If you desire to have fun but you’re constantly void of funds, here are seven ways to have a good time on a budget. —Quassan Castro

7 Ways To Have Fun On A Budget

You don't always have to spend money to have a good time

In this economy everyone is about saving money which leaves fun by the wayside, well…

By Quassan Castro

Posted: Tags: , , , , , , , , , , , , ,
From Black Friday door buster specials to pre- and after-Christmas sales, the start of the holiday shopping frenzy may soon engage your inner shopaholic—and leave you with a mound of debt by New Year’s. The average American is expected to spend a little more than $700 on holiday gifts and seasonal merchandise in 2011, according to the National Retail Federation’s 2011 Holiday Consumer Intentions and Actions Survey. Nationwide, sales are expected to reach $465.6 billion, putting retailers in the black.

If the shopaholic in you is ready to be unleashed, take steps to control your spending habits so you aren’t left in the red, with credit card debt and an empty savings account before the year is over. Here are some useful tips to control your inner shopaholic this holiday season. —Lynette Khalfani-Cox

5 Holiday Shopping Tips for Shopaholics

Don't get caught up in the craziness of the holiday shopping season, here are a few tips to stay on course

It’s holiday shopping season and shopaholics need be wary of falling into financial trouble. Here…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , , , , ,
(Image: ThinkStock)

How to Shop Safe & Save Money on Cyber Monday

Shopping from the comfort of your own home never sounded so good

When it comes to Cyber Monday you have to apply the same preparation and due…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , , , , , , , , , , , , , , ,
(Image: ThinkStock)

Best Black Friday Deals & the Worst Shopping Traps to Avoid

Holiday shopping season officially starts with Black Friday, here's how to come out on top without breaking the bank

Black Friday is all about the deals and low prices, but that doesn’t mean you…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , , , , , , , , , , , ,
(Image: Thinkstock)

Holiday Scams and How to Avoid Them

What the (real!) Better Business Bureau wants you to know about this familiar holiday scam

Money Coach Lynnette Khalfani-Cox warns of the holiday scam the Better Business Bureau wants you…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , ,
For many Americans, a big part of the holidays involve giving presents to others. But it’s perfectly fine and feasible to not give gifts to family and friends and still enjoy the holiday season.
	
In fact, if the tough economy or a job layoff has taken a toll on your household budget, this could be the year to not spend any money at all on gifts. Even if you do have money in a bank account to spend, it’s important to realize that there are plenty of other ways to celebrate the season without making all the festivities centered on gift-giving.

	Still, the average American is expected to spend $704 on holiday gifts in 2011, according to the National Retail Federation. Should you opt out of this year’s holiday shopping frenzy like the folks who’ve joined Buy Nothing Day? Perhaps. Here are five reasons why it might be wise not to spend any money at all on gifts on Black Friday and this entire holiday season. —Lynnette Khalfani-Cox

5 Good Reasons To Buy Nothing & Avoid Holiday Shopping Completely

In a troubled economy, it's perfectly fine not to spend money during the holidays

Holiday shopping can land some people in the poor house. Given the current economic downturn…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , , , ,
Extra-Cash-620x480

5 More Ways to Earn Extra Cash Before Year’s End

The time to earn more is now

As the end of the year approaches, now is the time to start planning for…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , , , , ,
black-couple-arguing-300x232.jpg

Holiday Hot Button: Not-So-Merry Marital Tensions

Cost-saving tips to save your family a little money (and headache) this holiday season

Marriage doctor Dr. Jacqueline Del Rosario gives cost-saving tips to save your family a little…

By Dr. Jacqueline Del Rosario

Posted: Tags: , , , , , , ,
(File)

Ask the Money Coach: Are You Ever Too Old to Start a 401(K)?

Whether it's you or your grandma, here's what you need to know about saving for retirement

Money Coach Lynnette Khalfani-Cox tells you if you’re ever told old to start planning for…

By Lynnette Khalfani-Cox

Posted: Tags: , , ,
(Image: Thinkstock)

Ask the Money Coach: New Bank Fees Are Coming. Here’s What to Expect

Know how the new bank fees will affect your money

Money Coach Lynnette Khalfani-Cox tells you how the new bank fees will affect your money

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , , ,
credit-score-111611-300x232.jpg

Ask the Money Coach: How Do Small Collection Accounts Impact Your Credit Score?

Pay your bills; protect your credit

Money Coach Lynnette Khalfani-Cox tells you how to protect your credit score

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , ,
(Image: Thinkstock)

Ask the Money Coach: A Super Easy Budgeting Tip That Works

Learn how to make the most of your money with this simple rule

Money Coach Lynnette Khalfani-Cox tells you how to budget and make the most of your…

By Lynnette Khalfani-Cox

Posted: Tags: , , , ,
Cash Money artist Drake.

Drake Decoded: How the International Star ‘Takes Care’ of Business

More than just Lil Wayne's protege, Drake is a multi-faceted businessman with his hand in everything

In a few short years, Canadian rap star Drake has made a million-dollar brand that…

By Andreas Hale

Posted: Tags: , , , , , , , , , , , , , , , , , ,
man-driving-car-111111-300x232.jpg

Ask the Money Coach: 10 Easy Ways to Save Money on Gas for Your Car

Tips on how to cut costs at the gas pump

Save money on gas prices with tips from Money Coach Lynnette Khalfani-Cox

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , ,
(Image: ThinkStock)

What the European Debt Crisis Means for Your Investments

Market volatility is here to stay. Don't panic—adjust your portfolio and look for opportunities

In today’s tumultuous investment environment, what should you do as an investor? Follow our advice…

By Derek T. Dingle

Posted: Tags: , , , , , , , , , , , , , , , , , ,
millionaire-budget-300x232

Even Millionaires Have Budgets. Two Reasons You Should, Too

Two rules to help you create a successful budget

No matter how you configure your budget, the money coach Lynnette Khalfani-Cox says to have…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , ,
After a long fought battle with liver cancer, boxing great Joe Frazier passed away this past Monday, November 7, 2011 at the age of 67. While his name is often tied to flamboyant fighter Muhammad Ali, who he fought in three memorable bouts, Frazier built his reputation on his own blood, sweat and tears. The Beaufort, South Carolina native pulled himself up out of poverty to be one of the sport’s top fighters (32-4-1). In the wake of his passing, BlackEnterprise.com takes a look back at the many milestones in Smokin’ Joe Frazier’s life both in and out the ring. —Anslem Samuel

Joe Frazier Decoded: The People’s Champion Remembered

More than Muhammad Ali's rival, Smokin' Joe Frazier was a working class hero in and out the ring

In the wake of the death of Joe Frazier, boxing fans reflect on his legacy…

By Anslem Samuel

Posted: Tags: , , , , , , , , , , , , , , , , , , ,
Image: Thinkstock

College Scholarships for Students in High School, Middle School and Kindergarten (Yes, Kindergarten!)

From newborns on up to adult children in graduate school, learn about resources available to pay for higher education expenses

From newborns on up to adult children in graduate school, learn about all the resources…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , ,
OCTOBER COVER 2011-crop

75 Most Powerful Blacks on Wall Street

Saying there’s been a bit of change in the world of finance since Black Enterprise…

By Alan Hughes

Posted: Tags: , ,
black-woman-shopper-300x232.jpg

Attention Layaway Shoppers: 8 Tips to Know Before Using Layaway

Why you need read the fine print before committing to that purchase

Money coach Lynnette Khalfani-Cox tells what you need to know before you commit to putting…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , ,
black-man-homeowner-300x232

Don’t Blame Minority Homeowners for the Housing Crisis

Real estate expert Ingrid Beckles says contrary to some opinion, minority and low-income homeowners are not to blame for the housing crisis

Real estate expert Ingrid Beckles says contrary to some opinion, minority and low-income homeowners are…

By Ingrid Beckles

Posted: Tags: , , , , ,
Zaneilia Harris learned some hard money lessons (Photo by Kevin Allen)

5 Common Money Mistakes

Zaneilia A. Harris says don’t make the same error she did with your hard-earned cash

When Zaneilia A. Harris landed her first job out of college as auditor with the…

By Tamara E. Holmes

Posted: Tags: , , , , , ,
stocks rise

Middle Ground

Eric T. McKissack says midcap stocks offer value in an economy in search of a steady course

Eric T. McKissack, CEO and chief investment officer of the Chicago investment firm Channing Capital…

By James A. Anderson

Posted: Tags: , , ,
photo: Quantrell D. Colbert

Make Your Mortgage Affordable

Improve your chances of getting approved for a home loan modification

Kimberly Whitehead was just a week shy of seeing her foreclosed one-bedroom condominium in Atlanta…

By Carolyn M. Brown

Posted: Tags: , , , , ,
photo: Brett Kramer

Finding Common Ground

Thomas and Sharde Caffey of Chicago have only been married a little more than a…

By Sakina P. Spruell

Posted: Tags: , , , ,
coupons

How to Use Coupons for Big Savings

The process can be worth the time and investment

Do you see people in line at the supermarket handing over a stack of coupons…

By Sheiresa Ngo

Posted: Tags: , , , ,
Patricia Washington  (Photo by Alex Jones)

Recovering From Bank Fraud

What to do if your bank account is wiped out

Last October, Patricia Washington’s doctor’s office informed her that her debit card payment for the…

By Leslie E. Royal

Posted: Tags: , , , , ,
Scary-financial-scams-Halloween-300x232.jpg

5 Scary Financial Scams That Can Wreck Your Budget Well Past Halloween

You never want to play “trick or treat” with financial con artists

Halloween or not, you never want to play “trick or treat” with financial con artists.

By Lynnette Khalfani-Cox

Posted: Tags: , , , ,
child-money-300x232.jpg

Ask the Money Coach: Resources to Help Teach Your Kids About Financial Literacy

Learning the value of money and saving at an early age will help your child make smart money choices in the future

The Money Coach Lynnette Khalfani-Cox tells you how to teach your kids the value of…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , ,
(Image: Thinkstock)

Understanding Obama’s Student Loan Debt Plan: Will It Help You?

BE Next breaks down the president’s new student loan reform program

As part of President Obama’s “We Can’t Wait” unilateral stimulus effort he has issued an…

By BlackEnterprise.com

Posted: Tags: , , ,
(Image: Thinkstock)

Ask the Money Coach: 7 Ways to Survive Your Child’s College Costs

The Money Coach tells you the right way and the wrong way to help your child avoid student loan debt

Parents want to help their children avoid the plague of student loan debt from college…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , ,
Few can deny the impact Dr. Bill Cosby has made in entertainment. From being the first African American to play a leading role in a TV show on NBC’s I Spy (1965-68) to making his self titled series The Cosby Show No. 1 on the same network almost 20 years later, he has withstood the test of time in Hollywood as a writer, producer, director, actor, composer and more. More than just an entertainer with over 2.3 million Twitter followers (@BillCosby), Cosby has managed to evolve his sphere of influence and remain relevant through his philanthropic efforts, advertising, public speaking, business acumen and involvement in academia. BlackEnterprise.com Decodes the iconic Dr. Bill Cosby. —Kevin Clark

Bill Cosby Decoded: A Family-Friendly Brand

The comedian and philanthropist has blazed trails in television, advertising and more

From comedian to actor to educator and philanthropist, Bill Cosby has done it all and…

By Kevin L. Clark

Posted: Tags: , , , , , , , , , , , , , , , , , , , ,
home-buyers-couple-300x232.jpg

How to Benefit from Making Home Affordable Refinance Program

What you need to know to take advantage of President Obama's revised plan for underwater homeowners

Real estate expert Indrid Beckles tells you what you need to know to take advantage…

By Ingrid Beckles

Posted: Tags: , , , , , , , ,
MellodyHobson

Don’t Let the Debt Downgrade Scare You

The worst thing to do is panic in today’s market. You can reach long-term goals if you stay the course

Although it was well-telegraphed, I was still plenty surprised when Standard & Poor’s downgraded the…

By Mellody Hobson

Posted: Tags: , , , , ,
Layla Doman

The DOs and DON’Ts of Charitable Giving

Give with your heart, but don’t forget to use your head

Layla Doman donates to a range of charities. This helped the Washington, D.C., resident lower…

By Tory Parrish

Posted: Tags: , ,
1. The company requests a fee before providing a service. To combat such scams an advanced fee ban under the Federal Trade Commission’s Mortgage Relief Services Rule has been put in place to prevent distressed homeowners from being taken advantage of.

Stocks That Pay Dividends

Jessie Abercrombie finds stable, income-producing investments even in a turbulent market

In a jittery market, it makes sense to scout out stocks that pay a high…

By James A. Anderson

Posted: Tags: , , , ,
Obama-Cain-2-300x232 (2)

Cain Vs. Obama: A Comparison of Economic Issues

A breakdown of the numbers and the issues

Lynnette Khalfani-Cox gives a breakdown of the numbers and the issues

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , ,
Man-in-front-of-home-400x275.jpg

Is Your Home an ‘Asset’ or a ‘Liability?’

How to know the difference and realize the true value of your home

The Money Coach Lynnette Khalfani-Cox tells you how to know the difference and realize the…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , ,
Kason Davis

Too Young to Think About Retirement? Think Again!

Just ask today’s retiring boomers whose retirement plans have fallen short. Even for those with…

By LaToya M. Smith

Posted: Tags: , , , , , ,
Confront the Culprit

Lastly, you need to confront this person directly. It doesn’t matter if that person is a “close” family member. I don’t care if it’s your sister, a cousin---or even your mother. Let this individual know that they have totally crossed the line and damaged your finances and credit rating in a way that is completely unfair, disrespectful to you, and that has long-lasting implications. Tell the person that they have exactly one week to contact every creditor in which they used your name to close the account or cut off service in your name---and put it in their name.

Ask the Money Coach: 5 Steps to Take When a Relative Ruins Your Credit

Lynnette Khalfani-Cox tells you how to make a credit comeback

Lynnette Khalfani-Cox tells you what steps you need to take to make a credit comeback

By Lynnette Khalfani-Cox

Posted: Tags: , , , , ,
10-steps-to-build-wealth_crop.jpg

Ask the Money Coach: 5 Ways to Earn More Cash Before Year’s End

Smart and simple tips for making some extra money this year

Money Coach Lynnette Khalfani-Cox gives smart and simple tips for making some extra money this…

By Lynnette Khalfani-Cox

Posted: Tags: , , ,
timeshare.jpg

How to Dump a Vacation Timeshare You Don’t Want

Here are some strategies to unload or manage a timeshare you no longer want or simply can’t afford

Here are some strategies to unload or manage a timeshare you no longer want or…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , ,
mourning-300x232.jpg

When a Relative Dies and You Can’t Afford the Funeral

The Money Coach tells you what to do if a relative passes away and the burial costs are out of your budget

Money Coach Lynnette Khalfani-Cox tells you what to do if a relative passes away and…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , ,
David Banner

David Banner’s 4 Money Management Lessons for Black America

The rapper/actor shares his perspective on the Black community's misuse of its spending power

Inspired by the Pew Research Center’s minority wealth gap report, rapper/producer/actor David Banner shares his…

By David Banner

Posted: Tags: , , , , , , , , ,
home-buyers-couple-300x232.jpg

The Truth About ‘No Cost’ Loans from Home Lenders

Here's an estimate of what you can typically expect to pay for your mortgage

Here’s an estimate of what you can typically expect to pay for your mortgage

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , ,
(Image: Thinkstock)

What Will a Strategic Default Do to Your Credit Score?

See if this drastic money move is the right one for you

Money Coach Lynnette Khalfani-Cox helps you decide if this drastic money move is the right…

By Lynnette Khalfani-Cox

Posted: Tags: , , , ,
black-man-driving-car-300x232.jpg

Don’t Let Your Car Note Drive You Crazy

Four ways to deal with overdue car payments or other issues when you’re struggling to pay for your vehicle

Money Coach Lynnette Khalfani-Cox gives four ways to deal with overdue car payments or other…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , , , ,
DEF DIVIDENDS

At just 17 years old, LL became Def Jam Record’s flagship artist. His debut album, Radio, went on to go platinum and his 13-album catalog features many more million-plus sellers, including 1992’s Mama Said Knock You Out and 1997’s Mr. Smith, which both sold over two million copies and earned LL a pair of Grammies. To date, the Queens rapper’s catalog includes a dozen proper albums chockfull of classic records, and all that songwriter publishing means plenty of guaranteed money in the bank.

LL Cool J Decoded: The Greatest Brand of All Time

Taking home I Am Hip-Hop honors at the BET Hip-Hop Awards the entertainment veteran gets Decoded

From artist to actor to author to businessman, LL Cool J is a brand that…

By Alvin Blanco

Posted: Tags: , , , , , , , , , , , , , , ,
identity-theft-300x232.jpg

3 Reasons You Should Consider Buying Identity Theft Insurance

You'd be surprised by the people you know who have victims of identity theft. Here's how and why you should protect yourself

You’d be surprised by the people you know who have victims of identity theft. Here’s…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , , ,
debt-dictionary-300x232

3 Easy Steps To Check Out a Debt Collector

How to protect yourself from debt collector abuses

Lynnette Khalfani-Cox tells you how to protect yourself from debt collector abuses

By Lynnette Khalfani-Cox

Posted: Tags: , , , , ,
Cashing it In
Ever feel like your feeding a slot machine when pouring all your change into a coin-counter? Perhaps that's because your bank is taking a cut from your cash. The standard fee is 5 percent of the total amount converted.

What you can do: Don't wait until you have bags and bags of loose change before wrapping them in paper rolls. Instead, pick up the empty paper coin tubes at your bank and wrap as you go.

Andrea Woroch is a nationally recognized consumer and money-saving expert for Kinoli, Inc.

9 Most Irritating Bank Fees and What to Do About Them

Useful tips to help you cope with rising bank fees and constant changes

Black Enterprise explores the 9 most irritating bank fees and what can be done about…

By Andrea Woroch

Posted: Tags: , , , , , ,
Venture Capital Firms Profit from Funding Women-led Businesses

7 Excuses That Are Delaying Your Retirement

Time is the most vital element in building your nest egg. Start now, or pay later

Time is the most vital element in building your nest egg. Start now or pay…

By LaToya M. Smith

Posted: Tags: , , ,
credit-card-300x232

How To Get the Best Credit Card Deal

Five tips to help you narrow down your search and score the best credit card deal

Lynnette Khalfani-Cox gives five tips to help you narrow down your search and score the…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , ,
RyanMack-300x232

WATCH: Finance Expert Ryan Mack Sounds Off on Occupy Wall Street

The author and financial literacy advocate says it's about more than marching

The author and financial literacy advocate says it’s about more than marching

By Elayne Fluker

Posted: Tags: , , , , ,
BankruptcyCourt

What to Do if a Debt Collector Tries to Sue You

The phone rings and it’s a call about a credit card debt you forgot about…

By Sheiresa Ngo

Posted:
BLO_CreditCards

What You Should Know About Credit Card Hardship Plans

Four years of careless spending led to $8,000 in credit card debt for Wilmington, Delaware,…

By Shandra Hill Smith

Posted: Tags: , , , ,
09MONEY-McKenzieSlaughter

Portfolio Protection

Professional investors hunt for new opportunities for all kinds of compelling reasons. For one, new…

By James A. Anderson

Posted: Tags: , , ,
Photo by Greg Plactha

Getting a Break for Funding Your Kid’s Education

Many parents and grandparents are aware of the benefits of 529 college savings plans. Earnings…

By Donald Jay Korn

Posted: Tags: , , , ,
credit cards

Credit Counseling Myths and Reality

Knowing the truth can help you make the best decisions about your finances

If you’re struggling to keep up with your credit card payments, credit counseling is probably…

By Sheiresa Ngo

Posted: Tags: , ,
(Image: Thinkstock)

How to Make the Most Out of Groupon and Daily Deal Sites

Getting a good deal is one thing; being a "shopping fool" who gets scammed is another. Here's how to play it smart

Getting a good deal is one thing; being a “shopping fool” who gets scammed is…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , ,
EDDIE MURPHY AS "DR. JOHN DOLITTLE" IN DR. DOLITTLE (1998) The central character in a series of children's books by Hugh Lofting (1920–1952), Doctor John Dolittle shuns human patients in favor of animals that he can communicate with in their own languages. Actor Rex Harrison played the lead role in the 1967 film adaptation, but Murphy helped revive the character with his 1998 remake, which grossed over $250 million worldwide and spawned several sequels.

Eddie Murphy Decoded: Road to the Riches & the Oscars

Breaking down the economic influence the Oscars' new host has over Hollywood

Veteran comedian/actor Eddie Murphy was recently tapped to host the 2012 Oscars. The Hollywood veteran…

By William E. Ketchum III

Posted: Tags: , , , , , , , , , , ,
college debt

3 Huge Problems with Student Loan Debt

And how to fix them...

The Loop 21 offers solutions on how to solve the college debt problem

By BlackEnterprise.com

Posted: Tags: , , , , ,
Photo by Quantrell D. Colbert

How To Get A+ Credit

Follow these tips and get the best credit score you can

When Simone Griffin was young, she would watch her grandmother pay the bills on the…

By Tamara E. Holmes

Posted: Tags: , , , , , ,
Photo by Nick Antony

Property Ladder

Jumoke Dada--young, single and a successful real estate investor

“The rent is too damn high,” is not just the campaign slogan of former New…

By Aisha I. Jefferson

Posted: Tags: , , ,
Photo by Rayon Richards

Living Solo in the Big City

Erica Horne braces for unexpected expenses as she becomes a homeowner in New York

New York native Erica Horne, 35, wonders how she will continue to make ends meet…

By Sakina P. Spruell

Posted: Tags: , ,
200275643-001

3 Mistakes Singles Make with Their Money

Without a spouse to pick up the slack, you could be left in a financially vulnerable position. Here's how to be prepared

Without a spouse to pick up the slack, you could be left in a financially…

By Sheiresa Ngo

Posted: Tags: , ,
FinancialAid

How to Negotiate a Better Financial Aid Package

Use these tips to get the best deal on college financing

In addition to buying a home, funding a college education is probably one of the…

By Tamara E. Holmes

Posted: Tags: , , , , ,
Photo by Chris Hamilton

Tackling a Prosperous Retirement

Business investments are paying off for ex-football player Tony Jones and wife Kamilla

Retired NFL offensive tackle Tony Jones and his wife, Kamilla, have heard the horror stories…

By Aisha I. Jefferson

Posted: Tags: , , , , ,
Photo by Zave Smith

Digging Out of Debt

Nearly drowned by credit card debt, Joseph McKinley needs a solid savings and investing plan to make up for lost time

Joseph McKinley got into credit card debt the way a lot of people do—using plastic…

By LaToya M. Smith

Posted: Tags: , , , ,
Man-Cash-Money-620480

3 Signs Your Man is Bad with Money

Here's how to handle a beau who spends beyond his means

Madame Noire details 3 signs that your gent isn’t good with his finances. Take note…

By BlackEnterprise.com

Posted: Tags: , , , , , , ,
piggy bank college fund

4 Tax Breaks for College Students

How to be smart and save with a tax break on your tuition

A college education is probably the most expensive purchase you’ll make besides a home. Who…

By Sheiresa Ngo

Posted: Tags: , , , , ,
college-students-parents-300x232.jpg

How To Have “The Talk” With Your Teen

They're back in school. But, when it comes to raising money-smart kids, it's up to us to initiate the conversation

The bad news: Our most recent Great Recession and the things that precipitated it have…

By Alfred Edmond, Jr.

Posted: Tags: , , , , , , , ,
Taking care of financial matters may be the last thing on your mind when you're dealing with a parent or loved one who is dying. But when a relative has been diagnosed with a terminal illness or has become very sick, you may need to take steps to protect their wealth and organize the family’s finances.  Planning for death isn’t easy, and can be a very stressful experience. However, educating yourself on what types of resources are available to you, and taking some time to review a will and other financial documents can help you and your family member better prepare for that loved one’s passing. Here are five financial steps you need to take when a parent or loved one is terminally ill. —Lynnette Khalfani-Cox

5 Financial Steps to Take When a Parent or Loved One is Dying

Preparing for the loss of a family member is a matter of life and debt

Death is a reality of life that most try to avoid but when you know…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , ,
PocketsBrokeMoney

How to Handle Your Beau Being Broke

Madame Noire details best way to manage a relationship with limited funds

Maybe your beau is struggling to find a job in this terrible economy. Or perhaps…

By BlackEnterprise.com

Posted: Tags: , , , , , , , , , ,
It’s no secret that the cost to attend college can be quite expensive. As a result, most students heading back to school or those heading away for home for the first time will rely heavily on student loans and financial aid. While this assistance is a welcome safety blanket for those with limited funds, it also begins the cycle of post-grad debt. In an effort to help steer students in the right direction, here are six options for new graduates looking for debt relief. —Kahliah A. Laney

6 Tips for Decreasing Student Loan Debt Post Grad

Get educated on paying off that college debt faster

Student loans are usually the beginning of a cycle of debt that holds us back…

By Kahliah A. Laney

Posted: Tags: , , , , , , ,
credit cards

Watch Out For Business Credit Cards

Don’t put your personal finances at risk

The Pew Charitable Trusts released a study showing that millions of individuals and small business…

By Sheiresa Ngo

Posted: Tags: , , , ,
creditscore

The Lending Score You’ve Never Heard Of

It takes more than a good credit score to get the best terms on a loan

If you thought a great credit score was all you needed to get the best…

By Sheiresa Ngo

Posted: Tags: , ,
Dawn Brown, Senior Financial Adviser, Altfest Personal Wealth Management (Photo courtesy of Dawn Brown)

Experience Required

Financial adviser Dawn Brown chooses three mutual funds with a proven history of strong performance and seasoned management

Dawn Brown has a very methodical approach to choosing mutual funds, no matter what direction…

By James A. Anderson

Posted: Tags: ,
Photo: Alex Jones

Inflation-Proof Your Portfolio

How you can craft an investment plan that keeps pace

Short-term signs of inflation are easy to spot, from the higher tab to fill the…

By James A. Anderson

Posted: Tags: , , , ,
(Image: Thinkstock)

Relearning the Value of a Dollar

Making a habit of using credit and debit cards over cash can lead to a financial pitfall

More and more Americans use credit and debit cards for everyday purchases, creating a cycle…

By Janel Martinez

Posted: Tags: , , , , , ,
coupons

6 Signs Your Extreme Couponing Has Gotten Too Extreme

Don’t let your coupon behavior become obsessive

Saving money is always a plus but when your obsession with clipping coupons borders on…

By Sheiresa Ngo

Posted: Tags: , , ,
Use coupons for price reductions. Don’t miss out on a great deal--- compliments of a coupon---when you’re forced to purchase a brand new textbook. Sites like RetailMeNot.com and PromoCodes.com list the latest coupons and special offers by several major retailers that sell textbooks and other college supplies. A quick search is all it takes to find some attractive discounts on your next purchase.  Coupons are a good idea if you have any college courses that require you to purchase the latest edition of a book. Just be prepared for some serious sticker shock. It’s not uncommon for a new college textbook to cost $100 or more.

7 Ways to Save on College Textbooks and Supplies

Use these smart tips to save as much as 80% on books and supplies this year!

Lynnette Khalfani-Cox gives smart tips that could save you as much as 80% on textbooks…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , ,
(Image: Thinkstock)

6 Ways to Save Big on Back-to-School Shopping

Whether you’re shopping for a kindergarten tyke or a college kid, here are a few tips on how to get the best deal

Whether you’re shopping for a kindergarten tyke or a college kid, here are a few…

By Sheiresa Ngo

Posted: Tags: , , , ,
(Image: Thinkstock)

How to Create a Solid Financial Back-Up Plan

Why the Plan B tips can save you in tough economic times

Life never goes exactly according to plan. So what’s your plan B?

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , ,
Hill-Harper-300x232

Sick And Tired Of Your Money Problems? Try Hill Harper’s ‘Wealth Cure’

The actor and best-selling author's new book has The Wealth Cure for what ails you financially, and it's good medicine

The best-selling author and actor Hill Harper provides sound strategies for managing and investing your…

By Alfred Edmond, Jr.

Posted: Tags: , , , , , , , ,
Money-Cash-Black-Enterprise-Business-Large

The Right Way to Use Coupons for Big Savings

The process can be worth the time investment to cut costs

Here are four tips on how to work those coupon savings in your favor.

By Sheiresa Ngo

Posted: Tags: , , , , , , , , ,
(Image: Thinkstock)

Your Cheat Sheet: A Quick Guide to Student Loans for College

Student loans may be your only option for college. Here are tips for understanding (and repaying) your college loans

Taking out a student loan may be the only way to make college affordable. But…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , ,
Woman-stress-busines-career-office-620480

Get it Together, Diva: Plans B, C, and D are Always a Good Look

Proper prioritizing and preparation can help to cushion life's bumps

When it comes to life, prioritizing and practicing due diligence in all aspects is def.…

By Janell Hazelwood

Posted: Tags: , , , , , ,
(Image: ThinkStock)

Lessons in Money Management from My Mom

Knowing how to handle money should start in the home from our first teachers

Saving for the future should start at childhood and that responsibility fall son our parents…

By Caroline Clarke

Posted: Tags: , , , , , , , ,
On July 31, the National Bar Association held a panel to discuss the impact of the foreclosure crisis on communities of color at its 86th annual convention and exhibits. Black Enterprise spoke with two of the panelists—Yolanda D. McGill, senior counsel of the Fair Housing and Lending Project with the Lawyers’ Committee for Civil Rights Under Law, and Vicki King Taitano, director of the Foreclosure Legal Assistance Project with the Maryland Legal Aid Bureau—to get their thoughts on this growing problem. McGill noted the rise of scammers as one. "The overrepresentation of minorities in our scam database is very troubling and likely has many causes, such as the wealth gap that leaves struggling homeowners no savings or family funds to lean on and drives them to seek foreclosure rescue and modifications more often,” she says. “We also know that scammers tailor their marketing language to ethnic minorities, and there are organizations trying to determine if this activity is in violation of the law." With that in mind, here are five signs of a foreclosure rescue scam. —Sheiresa Ngo

5 Signs of a Foreclosure Rescue Scam

If someone makes you an offer that sounds too good to be true it probably is

One problem that often crops up during the process of fighting foreclosure is the rise…

By Sheiresa Ngo

Posted: Tags: , , ,
There was a time when Steve Harvey was just another successful comedian, but today he’s much more. The West Virginia native carries titles like author, entrepreneur and businessman as well and is laughing his way to the bank in the process. Harvey stays busy as host of his popular self-titled radio show and Family Feud, author of several best-selling books, his own television program on Centric TV, and a charity foundation. This week, Harvey and Ford will co-host their Ninth Annual Hoodie Awards, a community-oriented awards show that honors top businesses, schools, and leaders. Based on Harvey’s ever-growing brand, BlackEnterprise.com decodes Steve’s funny money. —William E. Ketchum III

Steve Harvey Decoded: A Brand Suited for Success

The enterprising funny man is no joke when it comes to business and brand extension

More than a comedian, Steve Harvey has built a profitable brand that spans across various…

By William E. Ketchum III

Posted: Tags: , , , , , , , , , , , , , , , ,
(Image: ThinkStock)

5 Ways To Upgrade Your Investments As Nation Deals With Debt Downgrade

Even though investors are reeling from the toughest market since 2008 you can still build your portfolio & protect your assets

Standard & Poor’s downgrade of the United States’ AAA credit rating to a AA+ could…

By Derek T. Dingle

Posted: Tags: , , , , , , , , , , , , , , , , , , , , ,
78313806

Nightlife: How to Budget When Out on the Town

Your after-work leisure doesn't have to break your pockets

Madame Noire details how to save your wallet while enjoying nightlife.

By BlackEnterprise.com

Posted: Tags: , , , , , , ,
Author, Dr. Marc Lamont Hill, host of Our World with Black Enterprise

How Obama and the Democrats Dropped the Ball…Again

Dr. Marc Lamont Hill says America is left with the burden of paying for the embarrassing ineptitude of Obama and the Democrats

With the passing of the debt-ceiling bill, Dr. Marc Lamont Hill says America is left…

By Marc Lamont Hill

Posted: Tags: , , , , , ,
Relationships are a lot like doing business in that they require a considerable amount of time, commitment and good credit to succeed. Nowadays individual credit scores determine virtually everything, including employment status, car insurance rates and if a person is eligible to get a bank loan to start a home. Whether you’re in business or in love, your partner has to be able to pull his or her weight if you plan on having an emotionally and financially secure partnership—platonically or romantically. So before you make your next relationship official, be sure you look out for these seven warning signs that the person you’re dating is potentially a bad investment. —Souleo

7 Signs the Person You’re Dating is a Bad Investment

Whether you're in business or in love, choosing the right partner is essential to your success

The same care that goes into choosing a business partner should go into selecting a…

By Souleo

Posted: Tags: , , , , , , , , , , , , , ,
How much do you think you need to save for retirement? According to a survey of registered investment advisors (RIAs) commissioned by Scottrade Services, the average American believes they need around $1 million to retire comfortably. However, many advisors say that most couples could need two to three times this amount to make sure they don't outlive their money. (Use this calculator from cnnmoney.com to estimate how much you need.)  Regardless of whether you’ll truly need $300,000 or $3 million, The cold, hard truth is that many baby boomers and pre-retirees simply will not save enough money to retire comfortably. Thus, retirement in the traditional sense is simply out of the question. If you’re one of those people, what choices do you have? Here are some options to consider.---Lynnette Khalfani-Cox

What to Do If Retirement is No Longer an Option

Times have changed, and so have dreams of an early retirement. Use these tips to make sure to make sure you prepare for your future

Times have changed, and so have dreams of an early retirement. If you’re close that…

By Lynnette Khalfani-Cox

Posted: Tags: , , ,
Wedding season is in full swing with some states like New York getting a few extra brides and grooms this year thanks to the recent passing of the same sex marriage bill. Regardless of your orientation, starting a life together generally comes with a hefty price tag. However, you don’t have to break the bank just to say, “I do.” In fact, BlackBridalBliss.com features weekly profiles from real brides, who share their first-hand advice on ways to save money when planning the big day as part of the popular Tie the Knot Tuesdays series. Whether you’re in the process of planning or still dreaming of the day, here are 11 practical ways to save money on your wedding day. —Bridgette Bartlett

11 Ways to Save Money on Your Wedding Day

It may be your "big day" but that doesn't mean you have to spend in a big way

Weddings can get expensive fast, but there are cost-effective ways you can save money while…

By Bridgette Bartlett

Posted: Tags: , , , , , , , , , , , , , , ,
burning money

Stop Burning Cash!

In three real-life situations, experts show how to create a workable budget so you can take control of your money and meet your short- and long-term goals.

Do you smell the odor of burning currency? If you ever find yourself wondering where…

By Bridget McCrea

Posted: Tags: , , , , , ,
01FutureStock-Profit-LIVE

It’s A Small (Cap) World

Investment manager Eugene Profit offers his favorite small-cap stocks in healthcare, technology, and clothing retail

During recoveries, there’s a rule of thumb in investing: Small-cap shares—stocks of companies with a…

By James A. Anderson

Posted: Tags: ,
warranty

3 Ways to Get Your Warranty Extended for Free

Don’t pay if you don’t have to

Extended warranties are expensive. Extra coverage on a new car, for instance, can cost an…

By Sheiresa Ngo

Posted: Tags: ,
facebook

Facebook to Offer Consumer Deals

If you thought the folks over at Facebook were done making changes, you’re wrong.

By Sheiresa Ngo

Posted: Tags:
Photo by Chris Hamilton

Home for Rent

How to lease your home when selling isn’t your best option

Ericka Newsome-Hill’s wedding was right around the corner and she wasn’t sure what to do…

By Bridget McCrea

Posted: Tags: , , , , ,
Photo by Chris Edwards

Overcoming Life’s Debt

Ever growing liabilities keep the Brookses from enjoying their life

With $158,000 in debt outside their mortgage, Kenric and Christina Brooks of Charlotte, North Carolina,…

By Sakina P. Spruell

Posted: Tags: , ,
Groupon elected Ariel Investments President Mellody Hobson to its board of directors (Image: File)

Why Trading Commodities Isn’t a Get-Rich-Quick Scheme

If you must invest in commodities, here’s how to do it the right way

I get worried when I start seeing signs that people think they can make a…

By Mellody Hobson

Posted: Tags: ,
WhatToBuyIn

What to Buy in July

July is chock-full of bargains.

By Sheiresa Ngo

Posted:
Photo by Quantrell D. Colbert

Blending Families and Finances

When Julia Hamilton and her life partner Keesha Gipson Monroe committed to each other they vowed to raise money-smart kids

Adhering to sound money management principles requires substantial discipline for most individuals. So imagine…

By Aisha I. Jefferson

Posted: Tags: , ,
bankruptcy-empty-pockets-071211-300x232.jpg

How To Close The Wealth Gap: Step 1

It may take generations to do it. But it starts with making better decisions with the money we have.

The Black wealth gap must be closed. Here’s how we begin to make steps towards…

By Alfred Edmond, Jr.

Posted: Tags: , , , , , , , , , , , , ,
We'll all feel weighed down by debt if help doesn't come soon (Image: ThinkStock)

5 Ways You Can Prepare For Debt Default

Don't wait around for the government to decide your financial future

To lend further analysis to the debt default or downgrade, BLACK ENTERPRISE has reached out…

By Derek T. Dingle

Posted: Tags: , , , , , , , , , , , , ,
lending money_african american

Poll: Do You Plan to Support Your Adult Children?

Knowing when it's time to cut the financial umbilical cord

A recent study conducted by SunAmerica Financial Group found that 70% of parents age 55…

By Sheiresa Ngo

Posted: Tags: , , , ,
(Image: ThinkStock)

Preparing for the Marathon To Rebuild Our Wealth

Based on the racial divide in the economic gap, a lot has to be done to rebuild our buying power

While America dealt with the Great Recession of 2007-2009, overwhelming numbers of minority households suffered…

By Derek T. Dingle

Posted: Tags: , , , , , , , , , , , , ,
co-sign-loan-300x232.jpg

What You Need to Know about Co-signing on a Loan

When friends and family ask you to co-sign on a loan you might think you’re doing them a favor, but you’re actually entering into some risky business.

If you decide to co-sign on a loan for someone, there is a three out…

By LaToya M. Smith

Posted: Tags: , , , , ,
Couple moving

Moving Soon? Be Careful Thieves Don’t Move with Your Identity

A lot goes into moving, and often times identity protection is not top of mind. Here's how to protect yourself during the transition

A lot goes into a big relocation, and often times identity protection is not top…

By Lynnette Khalfani-Cox

Posted: Tags: , , ,
P

When Your Household Finances Fall Apart

You promised to love each other during good times and bad. Here's what to do when bad financial times come sooner than expected

You promised to love each other during good times and bad. But sometimes the bad…

By Sheiresa Ngo

Posted: Tags: , , , , ,
It took only 72 days for Kim Kardashian and Kris Humphries’ marriage to dissolve. Reportedly costing a million dollars, the financial loss of the split is obvious. Similarly, Jennifer Lopez may have once sang “Love Don’t Cost A Thing,” but the singer/actress knows first-hand that a  divorce can cost a pretty penny. After eight months of marrige to backup dancer/choreographer Cris Judd, she called it quits in 2002 and coughed up $14 million to Judd. With the recent announcement of her split from salsa singer Marc Anthony, there’s rampant speculation about who’s going to come out richer. J.Lo, whose estimated net worth is $150 million, easily eclipses her estranged husband who earns a respectable $40 million. If the couple signed a premarital agreement, there should be little worry about who gets what. On the other hand, the dirty laundry from some of the following couples was aired when news of their divorces spread. We’ve taken a look at the figures in 10 expensive celebrity divorces. —Brett Johnson

10 Most Expensive Divorces for Black Celebrities

A look at the most costly divorces of the rich and famous

Divorces and separations are all too common in Hollywood. Here’s a breakdown of some of…

By Brett Johnson

Posted: Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
new-home-owners-300x232.jpg

Will the Consumer Financial Protection Bureau Do Any Good?

New agency aims to have your back when dealing with financial institutions

On July 21, consumers will officially have a new watchdog in the form of the…

By Sheiresa Ngo

Posted: Tags: , , ,
Woman-on-phone

Beware of Cross-selling Tactics

Before you buy this with that, make sure you're getting what you need; not just what they sell you

When you’re at the store getting ready to purchase an item, don’t automatically be lured…

By Sheiresa Ngo

Posted: Tags: , , , ,
bankruptcy-empty-pockets-071211-300x232.jpg

The Truth About Bankruptcy: Why All Your Debts WON’T Go Away

What you need to know before you file

While it’s true that Chapter 7 bankruptcy can wipe out many consumer debts, such as…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , , ,
President Barack Obama changed the game when it came to utilizing a powerful tool of influence: social media. Since his successful 2008 bid for the U.S. presidency, he has held a prominent role, using social networking as a way to reach the masses, gain support, and create one of the most transparent presidencies in history. Here's a look at his social media presence, and how his administration has successfully leveraged it as a vital resource. --- Janell Hazelwood

Decoding Barack Obama’s Social Media Campaign Strategies

A look at the Head of State's prowess with social Web

President Barack Obama changed the game since his successful run in 2008, utilizing the most…

By Janell Hazelwood

Posted: Tags: , , , , , , , , , , , , , , ,
boardroom-multicultural-315x232

New Law Helps Minority and Women Contractors Land Big Deals

President Obama signs bill that gives our financial services firms a seat at the table. But is it enough?

In July 2010 President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act…

By Jeffrey McKinney

Posted: Tags: , , , , , , , , , , , ,
credit-card-debt-management

6 Steps to Take If a Debt Collector Tries to Sue You

Whether its a debt you forgot about or one you simply couldn't pay, knowing your options can help you manage the situation

One minute you’re going about your day, not a care in the world. The next,…

By Sheiresa Ngo

Posted: Tags: , , ,
international-travel-couple-070511-300x240

How to Get the Most For Your Dollar When Traveling Abroad

Smart travel tips to help you save before and during your trip

Money columnist Lynnette Khalfani-Cox gives you smart travel tips that will help you save before…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , ,
family vacation

How to Score a Summer Vacation Deal!

Kick off the summer travel season with a sweet deal

You don’t have to break the bank to enjoy a fun, satisfying summer vacation. There…

By Sheiresa Ngo

Posted: Tags: , , , ,
Subject: Deanna Walker

5 Situations When It’s OK to Close a Credit Card

Sometimes it’s all right to go against the grain

Whenever Macy’s announced a sale on Jones New York suits or high-heeled sandals, Deanna S.…

By Leslie E. Royal

Posted:

Women of Power

Tara Fela-Durotoye (Image: File)

10 African Women of Power

From global ambassadors to young international leaders, these 10 African women have truly showcased what…

Read More »
KeKePalmer-SherriShepherd-activate

[RECAP] Activate Conference Wows and Inspires New York City Power Women

The Activate Conference, held Sept. 20 at the Times Center in NYC, featured speakers Keke…

Read More »