July 31, 2014 7:37 AM • Log InREGISTER
HOT TOPICS:
New Money: The Five (NFL) Draft Commandments Reality TV Decoded: 10 Reality Stars Who Earn Millions Kardashians Sign $40 Million Reality TV Show Deal with E! Entrepreneurs: Learn How to Raise (and Balance!) Money for Your Business The Prom Decoded: How Much is Too Much for the Big Dance? Choose Wealth, Not Style Get Excited About Your Money As Tax Day Nears, Meet the Deadline with These 7 Resources Mike Tyson Decoded: How He Earned (And Squandered) a $300 Million Fortune DECODED: How Much Do the ‘Real Housewives of Atlanta’ (and their Husbands) Make? Tools and Tips for Online Investing Peek In Your Purse Cutting Back to Get Ahead A Rally Is in Sight Beyond Homeownership 4 Apps to Boost Your Score The Good, the Bad, and the Ugly: 8 Black Lottery Winners Who Hit Big Decoding the Business of Earvin “Magic” Johnson Mega Millions Jackpot: 7 Ways to Invest $640 Million ESPN Sports Business Editor Analyzes Impact of Magic Johnson’s Dodgers Deal Tyra Banks Decoded: From Supermodel to Mega Mogul Free!! Books of the Week – Get Real, Get Rich Free!!! Only the Crazy and Fearless Win BIG! Apple Inc. Decoded: iPads, iPhones, iPods, MacBooks… Oh, My! George Lucas Decoded: Four Decades of Hollywood Domination Jeremy Lin Decoded: Cashing in on Overnight Success Financial Adviser Creates March (Money) Madness to Promote Financial Literacy Prospecting for Gold Coping With Unexpected Health Issues “Our Black Year” Think Like a Woman … Manage Your Money Like a Man Women, Control Your Financial Destiny Rewarded for Loyalty Are You a Woman Behaving Wealthy? The Oscars Decoded: The Black Winners Who Often Get Overlooked Should You Use Credit Cards for Everything? Yes and No. The Oscars Decoded: 12 Black Actors Who Won & Their Career Impact IRS2Go 2.0 Places Tax Help at Your Fingertips Decoding Dwight Howard’s Impact On Orlando’s Economy Is It Time to Negotiate a Higher Salary? Mardi Gras Decoded: Breaking Down the Big Easy’s Business Boom Soul Train Decoded: Don Cornelius Created the Hippest Brand in America Whitney Houston Decoded: The Diva’s Lasting Legacy WATCH: The Grammys Decoded: Artists Discuss the Impact of a Win 2012 Grammys Decoded: Predictions on Music’s Big Night 12 Most Expensive Super Bowl Commercials of the 21st Century Super Bowl Decoded: The Financial Impact of the Big Game America’s Devotion to Gas and iPads Spider-Man Decoded: Untangling the Amazing Web of Profit Will Marriage Help or Hurt LeBron James’ Brand? 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

Money

Notorious B.I.G. once rhymed, "There’s rules to this stuff. I wrote me a manual."  Though it applied to a different type of game, Christopher Wallace was on to something. Now that the 2012 NFL Draft is over, many players will need a guide to  keep them out of the gossip blogs, tabloids, and bankruptcy courts. We’ve seen so many athletes come into the NFL broke and leave in the same way. It’s a cycle we must stop. So, before these athletes get caught up, perhaps they should read The Five Draft Commandments. (What!) ---Christian Law


Left, 2012 NFL First-round draft pick Fletcher Cox of the Philadelphia Eagles (Photo by Hunter Martin/Philadelphia Eagles/Getty Images)

New Money: The Five (NFL) Draft Commandments

Rookies should heed these rules of finance and life to avoid pitfalls

With the 2012 NFL Draft complete, here are some rules of money (and life) that…

By Christian Law

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Reality television is a complicated business. Some shows get immensely popular and springboard everyday people into celebrity stardom, but that fast track to Hollywood isn’t for everyone. However, there are those lucky ones who manage to build their brands, or expand their existing empires, based on their participation in America’s guilty pleasures. While some reality stars make little to no money at all—the average is about $5,000 a month—personalities who appear on popular shows like The Real Housewives franchise can make $8,000 and up per episode, and millions of dollars beyond their TV presence alone. It’s reported that the Real Housewives of New York racked in $75,000 per episode last season, while the Kim Kardashian and her family recently signed a deal worth an estimated $40 million for three more seasons of Keeping Up with the Kardashians. With millions of dollars floating around in the “real worlds,” BlackEnterprise.com Decodes the financial gain of some of reality TV’s most notable personas.  —Starrene Rhett Rocque

Reality TV Decoded: 10 Reality Stars Who Earn Millions

More than just memorable personalities, these reality TV stars figured how to make a living off of you watching

Reality TV has become a multi-million dollar business for a select few individuals who manage…

By Starrene Rhett

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Kardashians Sign $40 Million Reality TV Show Deal with E!

The reality TV stars prove their bankability by signing a record-breaking deal

In a record-breaking deal, Keeping Up with the Kardashians gets renewed for three more seasons…

By Anslem Samuel

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Entrepreneurs: Learn How to Raise (and Balance!) Money for Your Business

Register for the Black Enterprise Small Business University NOW and learn how to build, fund, grow and lead your business to success!

Register for the Black Enterprise Small Business University NOW and learn how to build, fund,…

By Elayne Fluker

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As we continue the transition into spring that means prom season is already upon us as students begin to pester their parents for money for the first must-attend social event of adolescence. When you calculate the limo rides, corsages, entry fees, dress purchases and tux rentals, this one-night affair can quickly add up to a hefty bill. In fact, according to a recent survey of 1,000 random people conducted by GfK Roper OmniTel, parents can expect to pay an average of $1,078 per teen for prom this year. That’s a 34 percent increase from last year’s national average of $807. Now we’ll Decode prom costs by region and financial brackets. —Anslem Samuel

The Prom Decoded: How Much is Too Much for the Big Dance?

Parents should expect to shell out more than ever for their teens' big night out

Prom season is upon us and as more parents and teens look to outdo each…

By Anslem Samuel

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

Choose Wealth, Not Style

I’m sure if you’ve read my column, heard my speeches, or had the chance to…

By Earl "Butch" Graves Jr.

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Clockwise from top: Brown, Gumbs, Young, Douglass, Alleyne, Epperson and St. Claire (Photo by Lonnie C. Major)

Get Excited About Your Money

Our Wealth for Life mission is to ensure that you become an active participant in…

By Alisa Gumbs

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As Tax Day Nears, Meet the Deadline with These 7 Resources

Don't fret! You still have time to fill out your taxes. Check out our compilation of helpful links

With taxes needing to be postmarked by midnight Tuesday, peruse through these useful links before…

By BlackEnterprise.com

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Mike Tyson Decoded: How He Earned (And Squandered) a $300 Million Fortune

Once the king of the ring, Mike Tyson has had many ups and downs in his storied career

On the eve of Mike Tyson: Undisputed Truth—Live on Stage, Black Enterprise explores the former…

By Shydel James

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For better or for worse, reality TV has become a booming business, generating huge ratings and ad dollars. Among one of the more popular television franchises is the Real Housewives of Atlanta, which features model Cynthia Bailey, singer Kandi Burruss, attorney Phaedra Parks, among other Atlanta socialites. Rolling Out reportedly got access to the annual salaries of the cast mates and their male counterparts and most would be surprised as too how much a reality star can make. Here’s a rundown of each RHOA star’s speculated earning power per season.

DECODED: How Much Do the ‘Real Housewives of Atlanta’ (and their Husbands) Make?

Pulling in massive ratings and ad dollars, the reality stars cash in on their 15 minutes of fame

The season salaries for the Real Housewives of Atlanta and their partners recently leaked, revealing…

By Anslem Samuel

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Hyacinth Tucker (Photo by Kevin Allen)

Tools and Tips for Online Investing

Self-directed investment tools help you balance your portfolio and grow wealth

For years Hyacinth Tucker of Bowie, Maryland, thought investing was for the rich.

By Tamara E. Holmes

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Cindy McField-Asamoah, a vice president with the Corcoran Group (left) and Robin A. Young, president of Women Behaving Wealthy (Photo by Rayon Richards)

Peek In Your Purse

“A woman behaving wealthy spends on the basis of what is important to her on…

By Carolyn M. Brown

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Daron Presley (Photo by Kevin Allen)

Cutting Back to Get Ahead

Daron Pressley enjoyed a six-figure salary and an extravagant lifestyle. That’s not to say money…

By Tamara E. Holmes

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Dawn Brown, Senior Financial Adviser, Altfest Personal Wealth Management

A Rally Is in Sight

Dawn Brown offers bond, dividend, and global funds to bolster investors’ portfolios

After a string of volatile years for stock mutual funds, 2012 could see a rally.…

By Frank McCoy

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Brian and Robin McLean and daughter Autumn (Photo by Paul Nurnberg)

Beyond Homeownership

Military benefits gave Brian McLean, 27, and his wife, Robin, 29, a great head start…

By Sakina P. Spruell

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Michael Nolen (Photo by Quantrell D. Colbert)

4 Apps to Boost Your Score

Michael Nolen was unhappy with his credit report. It was back in 2010 when the…

By Bridget McCrea

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The Good, the Bad, and the Ugly: 8 Black Lottery Winners Who Hit Big

From triumph to murder, how these minority winners lives were forever changed

Here’s a snapshot of minority winners and what they did with their millions.

By Sasha King

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Decoding the Business of Earvin “Magic” Johnson

Adding the L.A. Dodgers to his business portfolio, the NBA Hall-of-Famer continues to secure landmark deals

Magic Johnson’s minority stake in the Los Angeles Dodgers adds on to his impressive business…

By Danielle Kwateng

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The Mega Millions jackpot is at an estimated $640 million, reportedly the largest lottery jackpot in world history. When the six numbers are drawn tonight, there may be one lucky ticket holder that becomes half a billion dollars richer. Why not plan ahead? Before the Mega Millions drawing takes place tonight at 11pm EST, here are 7 investment ideas to consider if you strike it rich. --Ashley Calloway

Mega Millions Jackpot: 7 Ways to Invest $640 Million

The Mega Millions jackpot is at an estimated $640 million, reportedly the largest lottery jackpot…

By BlackEnterprise.com

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ESPN Sports Business Editor Analyzes Impact of Magic Johnson’s Dodgers Deal

ESPN's Keith Reed shares his perspective on Magic Johnson's historic purchase of the LA Dodgers and what it means for the sport

ESPN’s Senior Sports Business Editor Keith Reed shares his perspective on Magic Johnson’s historic purchase…

By Adena Andrews

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In February 2011, Tyra Banks set a major goal for herself: to attend and graduate from the Harvard Business School. The former swimsuit model and entrepreneur enrolled in a management leadership program at the Ivy League institution to strengthen her business skills, and graduated this February. Born in Inglewood, CA, Banks, 38, has cultivated a catalogue of endeavors over the past 20 years that’s far beyond her runway beginnings. In fact, the Daily Mail recently ranked her among the richest supermodels in the world with a reported net worth of $90 million. Banks has taken on acting, producing, directing, publishing, and promoted ideals of a positive and healthy self-image along the way. BlackEnterprise.com Decodes Banks bankable brand. —Danielle Kwateng

Tyra Banks Decoded: From Supermodel to Mega Mogul

From supermodel to Harvard Business School graduate, BlackEnterprise.com takes a look at Tyra Banks beyond the runways

Supermodel Tyra Banks is more than a pretty face, the savvy businesswoman and Harvard Business…

By Danielle Kwateng

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Farrah Gray (@RealFarrahGray)  	The entrepreneurial spirit burns bright in Farrah Gray. Since the age of 6, the CEO of Farrah Gray Publishing has been a salesman and by the age of 16, he launched close to a dozen small businesses and social enterprises. This entrepreneur has received many awards and accolades for his noteworthy accomplishments, including the Young Entrepreneur Trumpet Award, an honorary doctorate degree of humane letters from Allen University, The National Urban League Whitney M. Young Jr. Entrepreneurship Award and The Urban Business Roundtable's Top 40 Game Changers of Chicago.

Free!! Books of the Week – Get Real, Get Rich

Having a hard time controlling your personal expenses, or could you be looking toward future…

By Sasha King

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WINBIG

Free!!! Only the Crazy and Fearless Win BIG!

Get a chance to win free copy of self-made millionaire Arthur Wylie’s book that unlocks…

By Sasha King

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Apple Inc. Decoded: iPads, iPhones, iPods, MacBooks… Oh, My!

With the release of the New iPad, Black Enterprise breaks down the consumer electronic juggernaut’s biggest product launches

As one of the most successful brands ever, Apple Inc has revolutionized our world with…

By Shydel James

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The force is definitely with George Lucas. In the almost 50 years since he studied film at the University of Southern California and trekked to the coffeehouse-lined streets of San Francisco as a young film novice to watch short art house movies, Lucas has managed to amass a $3.2 billion empire. With a plethora of major motion picture directing credits to his name, and a diverse resume—which includes everything from writing and producing some of the most successful sci-fi films of all time to serving as the chairman and CEO of his own production company—the jack-of-all-trades has more than cemented his place in Hollywood history. On the heels of his latest labor of love, Red Tails and the recent 3D theatrical re-release of Star Wars: Episode 1 – The Phantom Menace, BlackEnterprise.com Decodes the box office titan’s illustrious film career, philanthropic efforts and examines why the mastermind behind the first big budget all-Black action movie is no accidental billionaire. —Shydel James

George Lucas Decoded: Four Decades of Hollywood Domination

A breakdown of the movie mastermind and his $3-plus billion fortune

Responsible for the epic Star Wars film franchise, George Lucas has built a billion-dollar brand…

By Shydel James

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In case you haven’t heard, Jeremy Lin is the New York Knicks point guard who went from an unknown bench player to an overnight and international sensation after being asked to step in due to a series of team injuries. While Lin didn’t start his first game alongside Knicks marquee players Carmelo Anthony and Amar’e Stoudemire, he’s emerged as a budding star of his own with his winning streak and impressive points per game avg. It may seem like a fluke to some, but the 23-year-old guard was ranked as one of the NCAA’s top ten players in his conference during the 2008-2009 season while attending Harvard University. Too bad he was cut by two teams—including the Knicks—at the beginning of this season. After getting his shot to play, Lin show and proved, scoring 38 points against perennial All-Star Kobe Bryant and leading the team to a seven-game winning streak. His exceptional play has become an inspirational story, and quite the profitable brand. BlackEnterpise.com Decodes the net worth of the rising star’s net work. —Adena Andrews

Jeremy Lin Decoded: Cashing in on Overnight Success

A look at the unlikely NBA star's bankability and the impact of his brand

Overnight the New York Knicks guard became a national sensation as the first Asian-American NBA…

By Adena Andrews

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Financial Adviser Creates March (Money) Madness to Promote Financial Literacy

Brokerage professional gives common sports bracket investment spin

Rob Wilson, created an investment game that plays off the popular March Madness basketball…

By Janell Hazelwood

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Dameon Proctor (Photo by Kevin Allen)

Prospecting for Gold

Here’s how much bullion to add to a diversified portfolio and hedge against falling currencies

Few things rile investors as much as the topic of gold.

By James A. Anderson

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Rodd Herbert (Photo by Kevin Foley)

Coping With Unexpected Health Issues

“When you’re 40 and the doctor tells you that you may not be able to…

By Sheryl Nance-Nash

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“Our Black Year”

The story of one family’s mission to buy black

A little more than three years ago, John and Maggie Anderson decided to spend more…

By Alfred Edmond, Jr.

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Creshinda Clark (Photo by Aaron Raymond)

Think Like a Woman … Manage Your Money Like a Man

According to sociologist Mariko Chang, women’s earnings are currently at about 78% of men’s, yet…

By Bridget McCrea

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

Women, Control Your Financial Destiny

This month’s column is dedicated to our loyal female readers. My wise grandmother always encouraged…

By Earl "Butch" Graves Jr.

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Rewarded for Loyalty

Using rewards programs to save money

Victoria Ashford is a maven of reward and cash-back programs.

By Bridget McCrea

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Are You a Woman Behaving Wealthy?

What does the amount you spent on your purse (and everything in it!) says about you?

What does the amount you spent on your purse (and everything in it!) says about…

By Elayne Fluker

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Whenever most people think about the Academy Awards, it’s the actors, actresses and directors that often come to mind first. (Congratulations to Octavia Spencer on joining the short list of African American Oscar winners during the 84th Annual Academy Awards.) However, there are dozens of other categories that highlight the hard work of Hollywood’s behind-the-scenes players. For instance, the categories of Best Original Song and Best Original Score feature several African American winners. Here are seven oftentimes forgotten names from the world of music on the list of African American winners. —Darralynn Hutson

The Oscars Decoded: The Black Winners Who Often Get Overlooked

African American Academy Award winners in the category of Original Score

While Academy Award winning actors & directors of color get most of the fanfare, there…

By Anslem Samuel

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Should You Use Credit Cards for Everything? Yes and No.

Credit card usage doesn't have to be a gamble.

There are reasons why you should be careful with your credit card, but do they…

By Jennifer Streaks

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This Sunday, February 26, 2012, the 84th annual Academy Awards will be held in Hollywood, gathering together all of the film industry’s biggest names. While Eddie Murphy, who backed out on hosting duties, might be absent, there will be a plethora of African American actors and actresses both as attendees and nominees. Namely, Viola Davis and Octavia Spencer, who both earned nods for their exceptional work in The Help. Given that both women are favored to take home a golden statuette (only time will tell), BlackEnterprise.com Decodes the financial impact of an Oscar win by looking back at the select few African Americans performers who have struck gold on Hollywood’s biggest night. —Darralynn Hutson

The Oscars Decoded: 12 Black Actors Who Won & Their Career Impact

An examination of the dozen African American thespians who excelled in their craft on Hollywood's biggest night

With The Help’s Viola Davis & Octavia Spencer up for Oscars at the 84th Academy…

By Darralynn Hutson

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Overall Satisfaction among Small Business Banking Customers Drops

IRS2Go 2.0 Places Tax Help at Your Fingertips

The Internal Revenue Service app now offers a YouTube feature, news feed and tax transcript service for Android and iPhone (iOS) users

The latest version of the Internal Revenue Service’s tax app IRS2Go 2.0 is available…

By Sheiresa Ngo

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Decoding Dwight Howard’s Impact On Orlando’s Economy

What will happen if Superman abandons his metropolis?

With NBA All-Star Weekend happening in Orlando all eyes are on Dwight Howard who requested…

By Adena Andrews

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Is It Time to Negotiate a Higher Salary?

Timely, strategic steps towards establishing and proving your worth

How do you know it’s time to ask your employer for more money?

By Patrice C. Washington

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Mardi Gras is more than just a party for local businesses in the city of New Orleans. Last year, the economic value of the carnival season contributed a total of $300.7 million to the city’s economy. Tourism, which brings in more than eight million visitors per year, creates a lot of revenue for local businesses. In fact, it has sustained 74,000 jobs and generated $5 billion annually for the local economy. Mardi Gras is one of the few events that has revived New Orleans after Hurricane Katrina, which displaced thousands of Louisiana natives. The two weeks leading up to Fat Tuesday are the most lucrative for New Orleans business owners. Most hotels are booked, from the French Quarter to miles away near the Armstrong International Airport. King cakes, a New Orleans staple, are only sold around the carnival season and tourists and locals alike roam the city to find the best. While everyone’s letting the good times roll, BlackEnterprise.com Decodes how local businesses watch the money roll in. —Kamaria Gboro

Mardi Gras Decoded: Breaking Down the Big Easy’s Business Boom

Fat Tuesday hits New Orleans and so does a boost to the local economy

When Mardi Gras hits New Orleans so does an influx of revenue for local businesses…

By Kamaria Gboro

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The American landscape would not be nearly as rich, diverse and hip without pioneering forces such as Don Cornelius. As the creator of Soul Train, Cornelius did more than establish a profitable company/brand but also simultaneously uplifted people of color by giving them a platform to express their innate talents while reinforcing positive and inspiring messages through the creative disciplines of music, dance and fashion. Following news of Cornelius’ recent passing, BlackEnterprise.com spoke with Kenard Gibbs, current CEO/Partner of Soul Train Holdings and co-founder of Madvision Entertainment, to Decode how Cornelius went from investing $400 into the Soul Train pilot to forever changing American culture. —Souleo

Soul Train Decoded: Don Cornelius Created the Hippest Brand in America

Exploring the historical milestones made by the late Don Cornelius and his landmark show

Following the death of Soul Train creator Don Cornelius, Black Enterprise explores the impact of…

By Souleo

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On the cusp of the Grammy Awards, Whitney Houston was found dead in her Beverly Hills, California hotel room this past Saturday afternoon at the young age of 48. As the news spread throughout the corners of the globe, fans and peers alike gasped in disbelief as “one of the best vocalist to ever grace the earth” had left us. Houston’s voice was magical. She belted out flawless notes effortlessly. Throughout the history of music there has been no one quite like Houston, and there will never be another. A voice as sweet as honey, yet soulful to the core, only comes around once in a lifetime. More than a singer, Houston’s career evolved to include acting, modeling and business, which she excelled in all. Despite a rough patch in her life, the iconic singer was back on the track to success with her upcoming role in the remake of Sparkle. In remembrance of the music icon, BlackEnterprise.com Decodes Whitney Houston’s lasting impact. —Bené Viera

Whitney Houston Decoded: The Diva’s Lasting Legacy

A look back at the music icon's historic career and cultural impact

More than just a singer, Whitney Houston was an icon who’s influence crossed a multiple…

By Benè Viera

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WATCH: The Grammys Decoded: Artists Discuss the Impact of a Win

Mary J. Blige, Black Eyed Peas and more reveal the pros of being at music's biggest night

Artists ranging from Mary J. Blige to the Black Eyed Peas discuss the lasting impact…

By Anslem Samuel

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2012 Grammys Decoded: Predictions on Music’s Big Night

L.A. Times writer Gerrick Kennedy makes his picks for who will bring home a trophy

The Grammys are a celebration of the music industry’s best, L.A. Times writer Gerrick Kennedy…

By Joel Lyons

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In 1992, the average cost per 30 seconds for a Super Bowl ad was $850,000, and now that number has more than quadrupled. With an average increase of $100,000 per year, the NFL has stated that 2012’s average cost per 30 seconds of airtime for America’s largest annual sporting event is $3.5 million.

As Chrysler took the title of the most expensive Super Bowl commercial to air in the history of the event last year with its two-minute spot, audiences everywhere are left to wonder if any brand will ever supersede the car company’s “Imported From Detroit” ad. While some brands have been said to spend $4 million for a half-minute spot this year, only time will tell.

As the New York Giants win of Super Bowl XLVI concluded just hours ago, and fans going crazy over a new crop of memorable spots from Doritos, Chevy, and Pepsi commercials, BlackEnterprise.com takes a look at the most expensive ads to air over the past decade during February’s main event. —Amber McKynzie

12 Most Expensive Super Bowl Commercials of the 21st Century

Taking a look back at the most costly Super Bowl spots of each year of the new millenium

In addition to the game itself, Super Bowl commercials are a major draw. Here are…

By Amber McKynzie

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Super Bowl Decoded: The Financial Impact of the Big Game

It's not just the commercials that bring in big money on Super Bowl Sunday

More than just a game, Super Bowl Sunday is big business as brands dish out…

By Mia N. Hall

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Lee Baker

America’s Devotion to Gas and iPads

Lee Baker has a crush on companies that provide share growth and product favorites

Lee Baker, a Georgia Tech graduate with a degree in industrial engineering, has a fondness…

By Frank McCoy

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While there are hundreds of characters in the Marvel Comics universe, Spider-Man has proven to be one of the most beloved over the decades. Created by comic book guru Stan Lee in the 1960’s, the non-traditional superhero has drawn in fans and dollars the world over. From two-dimensional illustration to cartoon series, blockbuster movies, merchandise and even a Broadway play, the Spider-Man brand is big business. With the recent success of Spider-Man: Turn Off The Dark and a new potential blockbuster film, The Amazing Spider-Man, on the calendar for this summer, BlackEnterprise.com Decodes this Marvelous brand. —William Ketchum III

Spider-Man Decoded: Untangling the Amazing Web of Profit

From Marvel Comic to movie star, the non-traditional superhero hs a global brand worth millions

Marvel Comics icon Stan Lee’s multi-million dollar Spider-Man brand is loved globally from cartoon, comic,…

By William E. Ketchum III

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Will Marriage Help or Hurt LeBron James’ Brand?

Weighing the pros and cons of marriage and a prenup on a the NBA star's tainted brand

In the wake of LeBron James’ engagement, experts chime in on the impact on his…

By Adena Andrews

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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

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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

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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

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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

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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

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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

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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

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Create Your Own Financial Recovery

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

By Jeffrey McKinney

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Finding Common Ground

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

By Sakina P. Spruell

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Portfolio Protection

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

By James A. Anderson

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

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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

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Women of Power

Venus Williams

Watch Sonia Alleyne’s Interview with Venus Williams at This Year’s Women of Power Summit [Video]

Venus Williams was one of the featured speakers at this year’s Women of Power Summit.

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Women of Power: Pushing Past Fear To Make Your Next Career Move

At the Black Enterprise Women of Power summit, attendees learn how to push past fears…

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