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Money

What You Should Know Before Settling Credit Card Debt

Be mindful of the pros and cons of consulting a service

If you’re up to your eyeballs in debt and can’t see the light at the…

By Sheiresa Ngo

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Should You Get a Three-Year College Degree?

Tight economy has some schools offering a short-cut to the bachelor�s degree

Spiraling tuition costs have some students balking at the idea of a traditional four-year…

By Renita Burns

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Your high school graduate (age 18) should grasp enough about finance to … --Apply systematic decision making to a long-term goal --Schedule bill payments, write a check, reconcile checking or debit account statements, and monitor statements for accuracy --Explain how a negative credit report can affect a person’s future --Identify appropriate investments for accumulating money for a four-year college education, a wedding, a business startup, a house down payment, and retirement For more information on financial literacy benchmarks, and additional suggestions for money-related home-learning, visit the Credit Union National Association’s “Thrive By Five” Website and the Jump$tart Coalition for Personal Finance Literacy. Look for the full version of this article in the August issue of Black Enterprise.

What Kids Should Know About Money—and When

These benchmarks can be a guide as you share vital lessons with your child

Tips on what your child should know about managing their finances

By Robin White Goode

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How to Combat New Banking Fees

As institutions look for ways to cut losses, you can too

You have options to cut back on banking fees.
I’m sure after reading my earlier post,…

By Sheiresa Ngo

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It’s been one year since the world was rocked by news that the King of Pop, Michael Jackson, had passed away. In that time, much of the reporting about his finances focused on what the pop icon did wrong. For instance, only $70 million of his reported $500 million indebtedness has been paid off, AP reports. However, there are many financial moves Michael Jackson got right. The documentary, Michael Jackson's This is It based on his final concert rehearsal footage, has sold more than 5 million DVDs worldwide and Sony Music, Jackson’s record company grossed $252 million. In fact, his estate has earned more than $250 million alone in the year since he died thanks to attorney John Branca and music executive John McClain, who are building several new streams of income, including sales of a video game and through many licensing agreements. Although Jackson's executors manage millions of dollars, his estate planning requirements aren’t too different from what the average Joe or Jane should be doing. You may not have Jackson’s millions, but estate planning attorney Wynne Whitman, a partner with Schenck, Price, Smith & King L.L.P., and the author of Smart Women Protect their Assets (FT Press; $13.99), recommends four things you can do that Jackson did to ensure that his children and his legacy would be financially secure. (Source: MichaelJackson.com/us).

4 Steps the King of Pop Took to Secure His Financial Legacy

Prior to his death, Michael Jackson made sure his money and his children would be in the right hands

Michael Jackson made a lot of money during his lifetime, but he also accumulated a…

By Marcia Wade Talbert

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Free Ways to Monitor Your Credit

Keeping your credit in tip-top shape doesn�t have to cost a thing

After seeing ads on television, you might be tempted to sign up for credit monitoring.…

By Sheiresa Ngo

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Foreclosing as a Financial Strategy

It's called strategic defaulting, and more homeowners are doing it

Fannie Mae recently announced that it would penalize borrowers who purposely forego their home loan…

By John Simons

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Cutting Edge: Zip Car’s Going Public. Should I Buy?

How to research an IPO

Though money is a bit tight with student loans, I’m still always on the prowl…

By Renita Burns

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Administration Approves $1.5 Billion in Aid for Homeowners

Fund encourages states to develop less stringent solutions to prevent foreclosure

The U.S. Treasury announced Thursday that it has approved $1.5 billion in Hardest Hit Fund…

By Joyce Jones

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On Standby: New Airline Passenger Rules

These proposed changes might take the frustration out of your next flight

If you’ve ever been bumped from a flight, you know the frustration that comes with…

By Sheiresa Ngo

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Investing 101: How to Pick a Financial Advisor

Choosing the wrong one can be a nightmare�just ask Bernie Madoff�s clients

Working with a financial advisor (consultant or planner) can not only be financially rewarding but…

By Patricia Stallworth

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What Fannie’s and Freddie’s Delisting Means for Investors, Homeowners

Future of government-run mortgage companies is in doubt

With embattled mortgage purchasers Fannie Mae and Freddie Mac announcing plans to delist Wednesday, investors…

By Renita Burns

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Billions in Wealth Lost Since Foreclosure Crisis Began

African American communities to lose $193 billion by 2012

Communities of color have lost billions in wealth since the current foreclosure crisis began, according…

By Deborah Creighton Skinner

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How to Calculate Your Net Worth

3 simple steps for gauging the value of your personal wealth

If you want to get a true gauge of your personal wealth, you need to…

By Renita Burns

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Investing 101: Which Method Will You Use to Invest?

Do you go it alone or use a financial adviser? Your answer will determine your investing plan

Before you get too far along in creating your investment plan, stop and take a…

By Patricia Stallworth

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Ask Your Advocate: Can I Be Taxed On a Canceled Debt?

The IRS has a few stipulations

I had a portion of my debt canceled after working out a debt settlement. A…

By Sheiresa Ngo

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Money Matters: Do I Need This Type of Insurance?

Or was I duped into spending more money than I need to?

Along with monthly mortgage payments, I pay an additional $16 for insurance that will automatically…

By John Simons

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News You Can Use

Boston investment banker Arnett Waters sifts through recent events to locate out-of-favor stock gems.

Arnett Lanse Waters is a bit of a news junkie. His best investment ideas, he…

By John Simons

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Free Your Mind

Its OK to be bullish again, but dont run blindly with the herd

Creating a dependable forecast of the economy is notoriously difficult. Tons of variables connect to…

By Mellody Hobson

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Research Stocks Like a Wall Street Professional

Learn that one special thing the pros look for before making an investment

The key to making good stock-picking decisions is cold, hard research. When you make individual…

By Renita Burns

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How To

India

#TechieTips: 4 Things to Consider When Working With Remote Developers in India

India is one of the top countries where startups and other businesses look for talent…

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resolutions

How to Keep Your Healthy New Year’s Resolutions Going Strong

For millions of people, the new year is also starting with new year resolutions around…

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