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Money > Wealth Management

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BE Buy Black Holiday Gift Guide: Part Two

The Holiday season is officially upon us and that time to exchange gifts will be…

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young black family at park

Wealth Gap Widens Between Black and White Households

Wealth disparities between white, black and Hispanic families

As American families recover from the Great Recession’s brutal economic blow, the recovery in white and black households…

By Essence Gant

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old-black-couple-smiling

Consumer Tip of the Day: Protect Elderly Veterans from Financial Abuse

Guard older consumers from fraudsters

Be very leery if the caller asks you to wire funds or send personal information.…

By Sheiresa Ngo

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SDW Photo3

TIAA-CREF’s Sean Wilson Talks Millennials and Money (Part 2)

The wealth advisor explains how young people approach money

Roughly 47% of millennials, compared with 19% of the general population, look to Mom and…

By Sheiresa Ngo

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SDW Photo3

TIAA-CREF Financial Expert Sean Wilson Talks Millennials and Money

The wealth advisor explains how young people approach money

Roughly 47% of millennials, compared with 19% of the general population, look to Mom and…

By Sheiresa Ngo

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(Image: Thinkstock)

[SURVEY] How Does Your Wealth Management Measure Up?

Voice your insights on key financial topics for your household below

Massachusetts Mutual Life Company (MassMutual) took an in-depth look at African American household finances to…

By Sheiresa Ngo

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Close-up of a young businesswoman holding a pair of glasses

Some Millennials Have Trust Issues When It Comes to Money

Who do you trust with your money?

The millennials who responded to this survey expressed anxiety when it comes to their personal…

By Sheiresa Ngo

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Rob Sims2

Securing a Legacy: Detroit Lions’ Rob Sims Shares His Personal Journey

Father's death encouraged him to take a closer look at securing his family's future

If you think you don’t need life insurance, think again. Detroit Lions’ Rob Sims shares…

By Sheiresa Ngo

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Circle of Sisters

Circle of Sisters Expo Returns to New York to Empower Women

Join Black Enterprise editors as they talk social media and crowdfunding

Circle of Sisters Expo, New York’s largest expo for women of color, will begin Saturday,…

By Patrick Austin

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MONEY

Infographic: Wealthbuilding Habits of the Rich

What sets the super-rich apart from the rest of us?

If you want to be wealthy, take a few small steps each day to get…

By Sheiresa Ngo

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Top of the Upper Class: 155 New Billionaires Minted in 2014

Few people of color: 2 are African American and several hail from Africa

Michael Jordan and other new faces join the billionaire club, bringing total accumulated wealth to…

By Richard Spiropoulos

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TIAA-CREF Survey: More Consumers Interested in Financial Advice

Less people are shying away from professional input

A recent survey shows more consumers are opening up to financial advice.

By Sheiresa Ngo

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10 Richest African Americans In Congress

A rundown of the U.S. politicians making the most money in the House

Check out this rundown of wealthiest black congressmen and women, based on figured compiled by…

By Richard Spiropoulos

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7 SAVINGS ACCOUNT QUESTIONS  	1. Does this account fit my banking habits?  	Just like with a checking account you have to ask yourself (and the prospective bank) similar questions: Do you prefer meeting face-to-face with a teller or quick transactions online? How often do you tap into your savings, if at all? Do you prefer setting up automatic withdrawals or managing your account with a passbook? Your personal preference(s) play a major part in selecting a bank.

Retirement Tips for the Sandwich Generation

Tips from TIAA-CREF Financial Planner Shelly-Ann Eweka

If you’re stuck in the middle between college savings and caring for aging parents, you…

By Sheiresa Ngo

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7 Ways To Give To Your Favorite Charitable Causes

How to give generously, as well as strategically, with an eye on smart wealth management.

How to give generously, as well as strategically, to charitable causes, with an eye on…

By Carolyn M. Brown

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Survey: Gen Xers Still Recovering From Recession

Many are not saving enough for retirement and plan to work beyond age 65

Research finds many Generation Xers aren’t saving for retirement.

By Carolyn M. Brown

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Top 20 Global Locales for Billionaires

Data show cities that house the most wealthy

Here’s a breakdown of where the most billionaires are located and why.

By Richard Spiropoulos

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forbes1a

Forbes Media Sells Majority Stake To Hong Kong Investment Company Group

Forbes reaches agreement with group of international investors

Forbes Media, the parent company of Forbes Magazine has reached an agreement to sell a…

By Richard Spiropoulos

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retirement

Survey: More Americans Borrowing from 401K for Non-Essentials

Here's why that's not such a good idea

Survey by TIAA-CREF, titled Borrowing Against Your Future, shows some workers are getting downright…

By Sheiresa Ngo

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rick-ross

[Exclusive] Part 2: Rick Ross Details Nigerian Business Interests and Winning with MMG Team

'It's no better time than now to set example, rewrite the game'

Mogul Rick Ross sits down for part two of BlackEnterprise.com exclusive to talk business interests…

By Richard Spiropoulos

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Nielsen Study: African American Income, Education Exceeds Expectations

Consumer Spending Slows Down in June

Overall consumption, however, remains positive

Slow declines in the unemployment rate resulted in hesitance among consumers.

By Sheiresa Ngo

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Consumer Tip of the Day: Couples, Learn to Live on One Income

You'll always be ready for a rainy day with this strategy

If you and your beau want to have a great nest egg, try this savings…

By Sheiresa Ngo

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(Image: ThinkStock)

Consumer Tip of the Day: Automate Your Savings

Your daily money bite

Make an effort to save at least 10% of your paycheck. Here’s how.

By Sheiresa Ngo

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mortgage-money

Inheritance Update: CFPB Clarifies Mortgage Rules

If property is passed down to you, here's how you can avoid problems

The Ability-to-Repay rule shields consumers from careless mortgage lending.

By Sheiresa Ngo

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Top Worst States for Working Mothers

Did your state make the list?

National Partnership for Women and Families released its Expecting Better report details the worst states…

By Sheiresa Ngo

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Image: File

Report: Female White House Staffers Receive Smaller Raises, Fewer Promotions

More men hold higher-paying, senior jobs on Capitol Hill

Emerging numbers from White House on salaries paint negative portrait of pay equality.

By Richard Spiropoulos

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Photo: Shutterstock

Study: Women Are More Optimistic About Economy Than Men

Female entrepreneurs also use social media more to connect with customers

In a study done by American Express, women are more likely to be optimistic about…

By Kevin L. Clark

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Report Finds Differences in Retirement Savings Habits

Roth IRA investors tend to be consistent savers

A recent report shows in any given year, more than three in 10 Roth IRA…

By Sheiresa Ngo

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Black Celebs Dominate Forbes’ ’10 Most Powerful’ List

Who are the most powerful celebrities in the world at the moment?

Black celebrities dominate Forbes’ ‘Most Powerful List’ which includes Floyd Mayweather, Beyonce, Oprah and Dr.…

By Richard Spiropoulos

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credit-card-debt-management

Fourth of July: Declare Your Financial Independence

Resolve to get your finances in order once and for all

This July 4th holiday, the National Foundation for Credit Counseling is challenging consumers to seek…

By Sheiresa Ngo

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Millennial Women Must Save, Prepare for Retirement

Suzanna de Baca of Ameriprise Financial details more on women and money

It’s important to create emergency savings, pay down debt, and lay down the foundation for…

By Sheiresa Ngo

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(Image: Thinkstock)

Study: Millennial Women Face Finances and Balancing Challenges

Suzanna de Baca of Ameriprise Financial details more on women and money

Ameriprise Financial finds that millennial women have challenges managing money while Boomers are confidence in…

By Sheiresa Ngo

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Graduates-african-american-college

Wells Fargo Survey: Female College Grads Earn Less than Men

Millennial women still feeling the effects of the gender pay gap

A Wells Fargo survey reveals female college graduates earn $20,000 less than male college graduates.

By Courtney Connley

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WomanBusinessSleepStress

Report: Family Structure Impacts Financial Security

Findings: 49% of nontraditional families living paycheck to paycheck

Allianz Life Insurance Company of North America finds that 49% of nontraditional families living paycheck…

By Sheiresa Ngo

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TD Bank offers Franchise Financing Options for Veterans

Opportunities for Military Vets: Financial Coalition Formed

Companies and organizations including Visa partner to provide resources

Visa and other organizations partner to aid military personnel and vets in financial and career…

By Sheiresa Ngo

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black-enterprise-ikea-to-increase-minimum-wages

Ikea To Raise Company Minimum Wages In U.S.

Popular Swedish retailer is raising wages by 17%

Swedish furniture retailer is answering claims of economic inequality by raising the minimum wage level…

By Kevin L. Clark

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black-woman-with-child-piggy-bank

How to Talk to Your Children About Money

Use this strategy to ensure your children are on the right path with financial fitness.

By Sheiresa Ngo

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AARP and SBA Share Start Up Advice on Entrepreneurship for the 50 Plus

Senior Sensibilities: How to Talk to Aging Parents About Money

Use this strategy to help senior loved ones manage their finances in retirement

Talking about money can be challenging, but it gets even more tricky when it’s your…

By Leslie E. Royal

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Production Of Bitcoins By Mike Caldwell of Casascius

Bitcoin Evolves Into A Disruptive Digital Currency

Are you ready to accept Bitcoins into your wallet?

For those who haven’t been keeping up with Bitcoin, here’s some information to bring you…

By Kevin L. Clark

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NASFAA Offers Education Tax Benefit Guide

Resources seek to help families afford college costs

The National Association of Student Financial Aid Administrators (NASFAA) has resources that could help families…

By Sheiresa Ngo

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extra money

Report: U.S. Economy Contracted 2.9% In First Quarter

Data 'show growth rebounding in the second quarter, with improvements in home and auto sales'

According to forecasts, the U.S. economy is ripe for a boon, as numbers suggest that…

By Kevin L. Clark

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Report: Some Insurers Plan to Scale Back Living Benefits

Half of those surveyed plan decrease

According to a recent report, half of insurers surveyed plan to decrease number of product…

By Sheiresa Ngo

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He still rocks leisure suits and hates that "hippity hoppity" music. But you might want to listen to grandpa when it comes to handling money. (Image: ThinkStock)

Opening an Investment Account for a Minor

It's never too early to start

(Image: ThinkStock)
Although in most states children younger than 18 cannot legally buy stock or…

By Emerald S. Morrow

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know-your-banker

5 Savvy Steps to Correct a Bank Error

Whether it's in your favor or not, you'll want to reverse mistakes properly

Whether it’s in your favor or not, here are the five steps to correct a…

By Sheiresa Ngo

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young black family at park

Three Insurance Options and What to Consider

Three specialty coverage options and what to consider before investing

Here are three specialty insurance policies you might want to think twice about before opening…

By Tamara E. Holmes

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black woman texting

4 Money Management Tips for Millennial Women

Young women tend to struggle with managing their cash

A recent study by Ameriprise Financial shows that millennial women are likely to feel stretched…

By Sheiresa Ngo

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Are Investment Motifs Good for Your Portfolio?

Explore whether idea-based investing is a viable strategy

What if you could invest in an idea, instead of a specific company, industry,…

By Bridget McCrea

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piggy-bank

What You Should Know About the Roth 401(k)

Determining when to pay taxes could make all the difference in your retirement nest egg

While many people save for retirement in a 401(k) plan because it lets them defer…

By Tamara E. Holmes

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Why You Need Life Insurance

Put a plan in place to protect your loved ones

While death may not be a pleasant topic for you, it’s important to plan for…

By Sheiresa Ngo

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Take Advantage of Hidden Credit Card Perks

Don't leave benefits on the table

I often hear people list the evils of credit cards, and blame them …

By Sheiresa Ngo

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Results of Card Hub 2014 Credit Card Debt Study

Credit information site Card Hub recently released its 2014 credit card debt study.  The study…

By Sheiresa Ngo

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mobile payments

CFPB Assesses How Mobile Banking Impacts Low-Income Consumers

The Consumer Financial Protection Bureau is investigating the benefits and challenges of mobile financial services.…

By Sheiresa Ngo

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New Debt Collection Scam

Fraudsters continue to find new ways to rip off consumers

Scammers are always waiting for an opportunity to steal from you. Illinois residents are being…

By Sheiresa Ngo

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AARP and SBA Share Start Up Advice on Entrepreneurship for the 50 Plus

AARP Releases Survey of African American Baby Boomers

African Americans over 50 share concerns about employment, education and workforce discrimination

AARP recently came out with a survey assessing the concerns that matter most to…

By Sheiresa Ngo

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irs

IRS Adopts Taxpayer Bill of Rights

The Internal Revenue Service recently announced a user-friendly Taxpayer Bill of Rights. It will take…

By Sheiresa Ngo

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A Peek Inside Presidential Finances

Former presidents and spouses fare well after their terms

Many were shocked by Hillary Clinton’s revelation that she and former President Bill Clinton were…

By Sheiresa Ngo

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retirement

5 Things to Know about Phased Retirement

Is easing into your golden years right for you?

Here’s what you need to know about phased retirement:
1) You’ll see whether your retirement savings is…

By Sheiresa Ngo

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President Obama Proposes Expansion of Student Loan Debt Forgiveness Program

Executive order would relieve burden for some borrowers

Do hefty student loan payments have you tightening your belt until the buckle is about…

By Sheiresa Ngo

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Best and Worst States for Financial Literacy

Where does your state rank?

Financial literacy is key to building and growing your wealth. A recent survey by WalletHub…

By Sheiresa Ngo

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piggy-bank

Money Expert Marsha Barnes Shares Top 10 Savings Tips

How to live well on less

In our fourth and final installment of the money management series with Marsha Barnes, she…

By Sheiresa Ngo

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Managing Finances after Divorce: Should You Keep the House?

Keeping your home might not always be the best choice

Carefully managing your money can be a balancing act. This is especially …

By Sheiresa Ngo

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Rebuilding Finances after Divorce

Cutting ties after age 50 could have a significant impact on finances

Carefully managing your money can be a balancing act. This is especially true…

By Sheiresa Ngo

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Money Expert Marsha Barnes Shares Her Budgeting Tips

You can live well on less

If you have a hard time sticking to your budget, you’ve come to the right…

By Jennifer Streaks

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Money Expert Marsha Barnes Talks about Keeping Finances on Track

How you can live well on less

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When developing a financial plan, financial educator Marsha Barnes counsels her clients to stop…

By Jennifer Streaks

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TIAA-CREF Financial Planner Talks Managing Finances after Divorce

Make sure you have a solid plan in place

Carefully managing your money can be a balancing act. This is especially true for…

By Sheiresa Ngo

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4. Increase your savings

Don’t feel like you can save more money---or are you simply fed up with getting next to nothing on the savings you are stashing away? Maybe the best way to begin saving more money is just by getting a different savings account; online savings accounts boast rates that are sometimes five times the national average.

Use MoneyRates.com to find which banks are offering the highest interest rates on savings accounts, CDs and money market accounts.

Retirement Planning Milestones

How to plan for your golden years at each life stage

Are you prepared for retirement? If not, you have plenty of company.
The Center for Retirement…

By Sheiresa Ngo

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Consumer Income Rose Slightly in April

Small gains were seen

Consumers had a slight increase in personal income for April, but it was still lower…

By Sheiresa Ngo

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Savings Expert Marsha Barnes Talks about Frugal Living

You can live well on less

A recent national survey by the Consumer Federation of America finds that only about one-third…

By Jennifer Streaks

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estate planning

4 Estate Planning Tips

Plan ahead for your future

While death and dying are not pleasant topics, it’s important to make sure you plan…

By Sheiresa Ngo

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6 Tips for Young Investors

Learn the basics of how to get a head start on planning your retirement

Once you land full-time employment, your employer may offer the option to contribute to…

By Sheiresa Ngo

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John Hope Bryant Talks about HOPE Business in a Box Academies

Students given chance to win up to $500 toward business

Black Enterprise spoke with John Hope Bryant to learn more about his efforts to promote…

By Sheiresa Ngo

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how-to-budget-beginners

Budgeting for Success

Careful budgeting allowed former football player Michael Jackson to start his dream business

Becoming a sports star can be a dream-come-true. However, for many athletes, that dream quickly…

By Sheiresa Ngo

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retirement

Organization Proposes Changes to myRa

Among the proposals to assist consumers with saving for retirement, is President Obama’s  proposed myRA…

By Sheiresa Ngo

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OneUnited Bank President Teri Williams Talks About Book, ‘I Got Bank’

Financial services leader also details advice on financial fitness advocacy

Teri Williams, president at OneUnited Bank, talks her book, financial literacy, and the importance of…

By Sheiresa Ngo

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Business Continuity Tips Discussed at Free Webinar Hosted by SBA and Agility Recovery

Get Your Finances in Order before a Storm Strikes

Do you have a financial first aid kit?

The recent string of deadly tornadoes may have you thinking more about your financial protection…

By Sheiresa Ngo

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estate planning

Personal Finance Word of the Day: Uniform Transfer to Minors Act

Your daily money bite

Word of the day: Uniform Transfer to Minors Act
If you are a parent or grandparent,…

By Sheiresa Ngo

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Man-Cash-Money-620480

You Could Win Mega Millions And Still End Up Broke

Another huge jackpot has us thinking: If I could just hit the lottery, I'd be set for life. Or would you?

If you could just hit the lottery, you’d be set for life. Or would you?…

By Alfred Edmond, Jr.

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support-black-business

How One Black Enterprise Reader is Helping Black-Owned Businesses

Vannessa Wade supports black business with her money and her talents

Wade isn’t shy about her mission to help black businesses.

By Sheiresa Ngo

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IPO

What to Look for in an IPO

Earnings, cash flow and revenue growth are the most important criteria

IPOs provide a rare chance to peek into a private company’s financials (as required by…

By Alan Hughes

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Black Enterprise Financial All-Star: Lori Ann Douglass Talks End of Life Planning

Advice from Black Enterprise's top experts

Do your disability and estate planning now

By Sheiresa Ngo

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financial literacy

Bank of America Aims to Improve Financial Literacy with Campaign

Small, simple steps can build money smarts

Many Americans are still not confident when it comes to some aspects of money management

By Sheiresa Ngo

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piggy bank

Black Enterprise Book Review: “Save Wisely, Spend Happily” by Sharon Lechter

Tips for smart money management

Just about every personal finance topic imaginable is discussed

By Robin White Goode

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money-fans-122312-575hc

Did You Know These Surprising Facts About The World’s Billionaires? [Video]

Juicy tidbits about the world’s richest people

What do today’s billionaires know that you don’t?

By Sheiresa Ngo

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Is Your Financial Mindset About Prosperity—Or Lack?

You may need to change the way you think about money

Do you have a financial mindset?

By Alfred Edmond, Jr.

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(Image: ThinkStock)

Why Your Financial Plan is a Failure [Infographic]

Can't get your money right? The problem might be you

Several factors affect your ability to stay committed to getting your money in order

By Sheiresa Ngo

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holiday-shopping-sales-e1355955650770

Tips for Staying within Your Holiday Budget

Don’t let seasonal shopping wreck your finances

How do you make sure you get the most bang for your buck?

By Sheiresa Ngo

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For too long women have been forced to figure out how to survive on their own. I wrote my book, SKIRTS in the Boardroom to equip women with the tools necessary to chart their own course. S.K.I.R.T.S. is actually an acronym that represents the characteristics that today’s woman must have to thrive in the boardroom, which ultimately represents any place of power that is male-dominated---a place where decisions are made and where you have a chance to show what you're made of. While it may change at different stages of your life, the boardroom is your playing field. It's also a place where the good ‘ole boys' network has, and continues to, flourish. It is time for the ladies to take their seats in the executive suite.   So how do you position yourself to thrive in and out of the boardroom?  Here seven savvy qualities that today’s S.K.I.R.T.S. must possess to go to the next level. (Pay attention, fellas---you can learn some fabulous tips, too!)---Marshawn Evans

How to Save Money When Starting a Business

Advice for holding on to your cash during the start-up phase

Get started on the right foot during the early stages of your new business

By Sheiresa Ngo

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(Image: Thinkstock)

5 Financial Questions You Must Ask Before Saying “I do”

Get the full picture before merging finances

Discuss the topic of money prior to saying “I do” in order to get a…

By Kenny Pugh

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Financial Planning Tips for New Entrepreneurs

So you want to be a boss? Make sure your finances are in order first

After years of running the proverbial rat race, you’re thinking of starting a business

By Sheiresa Ngo

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kanyessa-mcmahon

Wealth Builder Spotlight: The Inspirational Story of Kanyessa McMahon

Learn how this young boss is growing her money through entrepreneurship

After a frustrating four-month stint at a video production company, she acted on her entrepreneurial…

By Sheiresa Ngo

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Business Continuity Tips Discussed at Free Webinar Hosted by SBA and Agility Recovery

Hurricane Sandy Anniversary: A Primer on Catastrophe Tax Deduction

Know what you're entitled to in the event of a disaster

If another major disaster were to strike, help may be available

By Shandra Hill Smith

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money-house_crop.jpg

Average 30-Year Mortgage Rate Dips to 4.13%

Rates drop the lowest level in four months

Freddie Mac’s Primary Mortgage Market Survey shows the average rates on fixed mortgages in the…

By Sheiresa Ngo

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(Image: Thinkstock)

Set Yourself up for Financial Success [Infographic]

MetLife provides money management tips for young adults

Paying careful attention to your finances is the key to achieving financial freedom

By Sheiresa Ngo

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black student college loans

Wells Fargo Presents Video Series on Paying for College

Educational series offers tips to help students navigate the financial aid process

Wells Fargo recently produced a series of videos focused on financing college

By Sheiresa Ngo

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retirement

Retiring on Time is No Longer Realistic for Many Americans

An increasing number of workers will remain in the workforce longer than anticipated

If you’ve come to the realization that you won’t be able to fully retire when…

By Sheiresa Ngo

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How We Manage Money in the U.S. [Infographic]

A snapshot of how people in the United States approach finances

Get a peek into how people in the United States approach household finances, budget preparation,…

By Sheiresa Ngo

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Personal Income and Savings Slightly Rise

Consumers show small gains in pay and savings

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Personal income increased $57.2 billion, or 0.4%, and disposable personal income (DPI) increased…

By Sheiresa Ngo

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Do’s and Don’ts of Starting an Investment Club

Here’s how to get on the right foot.

Investment clubs provide a great way to learn about investments and the stock market.

By Tamara E. Holmes

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piggy-bank

Wealthy Investors Wish They Could Save More

More money? More problems.

Even though rich people have fewer regrets, they still have concerns about money.

By Sheiresa Ngo

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Sad-Black-man-gallery

#WealthforLife Wednesdays: The Real Cost of Payday Loans

Repeat borrowing often results in a cycle of debt

For a fast, dangerous payday loan, borrowers usually only need a checking account and proof…

By LaToya M. Smith

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cash

5 Practical Ways to Increase Your Cash Flow Right Now

It's always the right time to increase your income

Fill a temporary need. It’s just one way to increase your cash flow.

By Jennifer Streaks

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#WealthforLife Wednesdays: How to Deal With The Student Loan Debt Hike

Here's 5 tips to help you borrow smart

Effective July 1st, 2013 federal subsidized stafford student loan rates will rise.

By LaToya M. Smith

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Dominique Broadway, financial advisor and coach

#WealthforLife Wednesdays: Learn About ETFs, Mutual Funds and Stocks

What's the difference and how do I choose which is best for me?

A mutual fund is similar to a stock, but instead of investing in one company…

By LaToya M. Smith

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elderly-mom-300x232

#WealthforLife Wednesdays: Retirement Plan Options for Small Businesses

Make your money work for you after you've worked for it

“Small business owners need to think about the what if,” says McKenzie Slaughter. Reinvesting all…

By LaToya M. Smith

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#WealthforLife Wednesdays: Is it Time to Consult a Financial Planner?

After years of doing things on my own I knew it was time to get some professional advice

Before you dismiss the idea of working with a financial planner, find out how they…

By LaToya M. Smith

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Shoe Along® is what every woman needs - A hands-free way to carry a second pair of Shoes or Sneakers Along. How can licensing help this nifty idea?

How Licensing Can Help Your Business Idea Become More Lucrative

A licensing expert chimes in on a novel idea

So how might licensing benefit her in the short and long term? We asked licensing…

By Darren Sands

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college debt

#WealthforLife Wednesdays: Goodbye Student Loan Debt, Hello Financial Freedom

How my friend paid off her student loan debt four years ahead of schedule

Need to pay off your student loan debt? Maybe you should follow her advice.

By LaToya M. Smith

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mint iphone app

#WealthforLife Wednesdays: Apps to Manage Your Money

Simplify and organize your finances all in one place

These apps can get you on the right financial track

By LaToya M. Smith

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naacp-woman-african-american

Blacks Optimistic About Economy, Pessimistic About Retirement Savings

Investors move retirement to back-burner to focus on daily expenses

African American investors are optimistic about the political and economic future of the country.

By Carolyn M. Brown

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how-to-budget-beginners

#WealthforLife Wednesdays: How to Create a Realistic Budget

Stop fudging the numbers. Identify how you’re spending your money and then give your hard earned cash a specific assignment.

Developing a budget is an essential part of your wealth-building plan.

By LaToya M. Smith

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laToya-smith

Introducing #WealthforLife Wednesdays

Join us each week as we tackle the 10 principles you need to build wealth

Check out the 10 principles on how to build wealth

By LaToya M. Smith

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black-couple-finances

Wealth Gap Between Whites and Blacks, Hispanic Households Widens

A new study reveals harsh realities

Do you see this gap ever getting tighter?

By Darren Sands

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PocketsBrokeMoney

10 Surefire Ways to Go Broke This Year

Wasteful spending isn't the only symptom of a bad financial steward

Budgeting, like anything else that matters in life, takes time. Even essential tax and estate…

By Darren Sands

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military flag

Helping Veterans Win the Financial Battle

Here’s a rundown of programs that will sharpen your money skills and prepare you for civilian life

Life after the military can be overwhelming. Many veterans are thrust into the role of…

By Tamara E. Holmes

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dionne-warwick-smiling

How Do The Rich And Famous End Up Broke?

The same way you do. Except your money troubles don't get put out on Front Street by everyone from CNN to TMZ.

It’s a familiar story: professional athletes, superstar entertainers and other famous celebrities losing their homes,…

By Alfred Edmond, Jr.

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MONEY

The Truth About Emergency Savings Funds

Tips for saving on any budget

All budgets are not created equal. Here are practical tips for saving in the real…

By Ashley R. Harris

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Young woman with horrified expression, posing in studio, portrait

The Career Mistake Women Cannot Afford to Make

Avoiding this mistake could pay future dividends

Women stand to lose up to $500,000 in earning power during their working years if…

By Ashley R. Harris

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Lying to the IRS.   Lying on your taxes is a felony that could result in jail time of up to three years. Individuals face fines of up to $250,000 and corporations face up to $500,000. In addition, you could be slapped with the costs related to your prosecution. Uncle Sam says don't do it. Trust us, he'll get you.

Abnormal Tax Refunds or Repayments Could Need Your Attention

Were you alarmed by the result of filing your taxes? It may be time to take action

You may need to take action if you suspect something’s not right with your tax-return…

By Darren Sands

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Wells Fargo

LGBT Investors More Upbeat About The Economy

Despite overall optimism, Wells Fargo survey shows financial confusion about DOMA and benefits is high for same-sex couples

A new survey shows new information about the group’s attitude about the economy.

By Carolyn M. Brown

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Cash Mobs Support Small Businesses

Online Banks: Too Good to be True?

Online Banking isn't quite what it used to be

A few things to consider before opening an account in 2013

By Ashley R. Harris

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Antoine Walker wants to help other athletes avoid a similar fate.

Former NBA Star Antoine Walker, Who Lost Millions, Helps Others Avoid Fate

Former NBA All-Star is giving financial advice

Antoine Walker has had his share of financial struggles, but it’s not stopping him from…

By Darren Sands

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(Image: File)

Eddie Long Sued By New Birth Congregants Over Ponzi Scheme

New Birth says it is hoping former parishioners will recoup lost funds

Eddie Long is the target of a suit filed in Dekalb state court in January.

By Darren Sands

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Turbulence and Triumph: Arik Air On Flight to Success in Airline Industry

West Africa’s largest commercial airline boasts over 6 million annual domestic flyers

Despite numerous attempts, one company sees success in starting an airline in Nigeria. Arik Air…

By Zandile Blay

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Fiscal Cliff Resolution to Take Large Chunk Out of American Paychecks

The resolution may hurt more than it helps

Many Americans are just finding out what the fiscal cliff could mean for them.

By Ashley R. Harris

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stack-of-money

Wait ‘Til I Get My Money Right: Top Money Resolutions for 2013

Overall health, physically and fiscally, is within your reach

Get your mind — and money — right in 2013.

By Ashley R. Harris

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Fed Teases to When Interest Rates Will Go Up

The Fed is waiting for unemployment to hit a magic number before it entertains changing interest rates

Is good news on the horizon?

By Ashley R. Harris

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Taking a New Look at Entrepreneurship and Franchising

Our financial expert says it's worth taking a look at franchising from another perspective

Want to start a franchise? It may not be necessary to reinvent the wheel.

By Patrice C. Washington

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savings-bonds

Sorry, Granny: Savings Bonds to Go Digital

Savings bonds have gone digital, much to the chagrin of grandparents

How will this change the system?

By Ashley R. Harris

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taxes

Wealthy Giving Big Gifts Before 2013 Tax Hike

The fiscal cliff has scared some to giving away fortunes

Could this trend prove prudent?

By Ashley R. Harris

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capitol_hill-300x232

Warren Buffet Insists on the Gov’t Taking His (And His Rich Friends’) Money

The Oracle of Omaha says that it's time for the rich to get real

Warren Buffet thinks fellow billionaires are in line for a reality-check.

By Ashley R. Harris

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(Image: Thinkstock)

The Talk: Um, Mom … Just How Much Are You Worth?

Kids worry they'll have to take care of their parents after retirement, but most parents are OK

A familial financial dilemma

By Ashley R. Harris

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nas-owes-taxes-black-enterprise

Nas Still Owes Taxes, Tour Money to be Garnished

Why can't rappers ever get their tax situations straight?

The rapper is still in arrears, according to the Georgia Department of Revenue

By Cedric 'BIG CED' Thornton

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capitol_hill-300x232

The Other Fiscal Cliff: Money-Market Funds

The fiscal cliff isn't the only money problem on the Hill

Another financial problem, potential disastrous, confronts lawmakers.

By Ashley R. Harris

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The Wealth Choice book 300x232

What’s REALLY Keeping You Out of the One Percent?

Dennis Kimbro's new book, "The Wealth Choice," makes the compelling case that becoming a millionaire is not a matter of chance or connections, but of choice.

Why do some of us become millionaires, even billionaires, while the majority of the rest…

By Alfred Edmond, Jr.

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Money

Generation X’ers Retirement Fears Grow as Economy Slowly Recovers

What's retirement mean for the generation who thought they'd never die?

Their fears can be attributed to the decline in wage earnings during the recession and…

By Ashley R. Harris

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(File)

3 Steps to Avoid Getting Swindled for Your Money

Don't let your money disappear from you, now.

These three steps can help keep you in the black

By Ashley R. Harris

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Former NFL star receiver Andre Rison talks about his financial difficulties in the film Broke.

Film Producer Alfred Spellman Talks ESPN Doc on ‘Broke’ Athletes

Documentary highlights the challenges of fame and fortune in sports

Filmmaker Alfred Spellman talks race, fame and power in sports— and how easy it is…

By Darren Sands

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stack-of-money

How to Keep it Rich

Too many people get rich and lose their money. Here's how to hold on to it.

Here’s a roadmap to setting your wealth goals

By Sakina P. Spruell

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(Image: Thinkstock)

Black Population Low in Nation’s Top-Earning Towns

Area with the highest income has a black population of less than 4 %

While CNN’s Top-Earning Towns list highlights communities that boast posh pads and stellar schools, these…

By Sakina P. Spruell

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black man in tie giving thumbs up

American Workforce Much Better Off Than Last Year

There’s some good in the newly released Labor Department report

The unemployment rate for blacks is still a whopping 14.1%, which remains unchanged from July,…

By Sakina P. Spruell

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BrainBusiness620480

21 Ways Rich People Think Differently Than the Average Joe/Jane

Controversial breakdown examines the difference between rich and average people

Here Business Insider’s Mandi Woodruff gives a brief overview of the 21 ways rich people…

By Sakina P. Spruell

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Photo: Quantrell Colbert

Refocusing Financial Goals

Sometimes, you need to rein things in a bit and refocus.

To maintain his lifestyle, Hoosier estimates he would need about $1 million in a retirement…

By Sakina P. Spruell

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Duty. Honor. Education.

Sgt. Maj. James Grady's college degree and 3.73 GPA earned him a peak promotion and hefty pay raise

Getting a college degree was James Grady’s top priority until he witnessed a suicide bomber…

By Donald Jay Korn

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Tai & Tarin Perry, co-founders of DoubleSavingDivas.com

Black Blogger Month: Double Saving Divas, Shopping with a Purpose

Twins Tai and Tarin Perry preach the importance of saving and budgeting to the person who needs it most—you

With Double Saving Divas, twin entrepreneurs Tai and Tarin Perry provide people of color with…

By Aliya Ewing

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Joe A. Gilbert (Photo courtesy of Integrity Asset Managerment)

Protecting Your Assets

Jefrey Jones’ 80-year-old widowed, childless aunt suffers with dementia. As the primary steward for her…

By Emerald S. Morrow

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Jhanay Harris' house is in financial order (Photo by Lonnie C. Major)

How to Keep a Good Financial Start Going

“My parents were both teachers. They always taught me to save and the value of…

By Sheryl Nance-Nash

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(l-r) Robin A. Young, Financial Adviser and President, Women Behaving Wealthy; Lori Anne Douglass, Partner, Trusts and Estates Group, Moses & Singer L.L.P.; Sharon Epperson, CNBC Senior Commodities and Personal Finance Correspondent; Dail St. Claire, President, Williams Capital Management

Everything You Wanted to Know About Your Finances

Understand your risk tolerance, because most people’s portfolio allocation is not consistent with their risk…

By Carolyn M. Brown

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The Foy Family (Photo by Quantrell Colbert)

Slow & Steady Savings

Their portfolio is a mix of long- and short-term investments that also include domestic and…

By Aisha I. Jefferson

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Yolanda Hawkes is ready for retirement investing (Photo by Quantrell D. Colbert)

Investment Planning by the Decade

Whether the market rises or falls, you need to stay the course and invest throughout your lifetime

Only two in 10 African Americans believe they are on track to meet their goals…

By Frank McCoy

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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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Women of Power

Nikki-Giovanni-eventspost

Ladies of Legacy: Nikki Giovanni

Black Enterprise’s 2008 Legacy Award recipient Nikki Giovanni fights against injustice using poetry.

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Quality Connections: How to Use Social Media to Advance Your Professional Brand

Black Enterprise Women of Power Summit panelist LC Johnson teaches women how to brand themselves…

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