Tag Archives: wealth-building

Photo: Marvel Entertainment

Super Rich: 10 Most Wealthy Comic Book Characters

Just a few of the most balltastic superheroes ever

With the 2014 San Diego Comic Con in full swing, we take a look at…

By Kevin L. Clark

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Will LeBron James Become World’s First Billionaire Baller?

According to recent earnings, road to super-wealthy club getting a lot shorter

Becoming a billionaire is rare air, but with latest earnings, are Lebron James and his…

By Richard Spiropoulos

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Merrill Lynch’s Racquel Oden Discusses Her Efforts to Diversify Wall Street

Exec looks to increase minority representation in finance

A real wealth-building strategy requires more than just saving and ensuring your portfolio beats benchmarks

By Alan Hughes

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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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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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Never Be Guilted Into Making Bad Money Decisions

Don't be emotionally blackmailed into putting your financial health at risk

There is nothing wrong with helping friends and relatives during tough times, commensurate with the…

By Alfred Edmond, Jr.

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Kentucky Panhandler Rakes In $100,000 Annually

Convicted con artist is literally ridin' around and gettin' it

Con artist says he pretends to be mentally challenged and makes six figures from the…

By Darren Sands

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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

Should You Focus On Reducing Debt, Saving Or Investing?

It's a trick question: Everything you do with your money is an investment. But debt reduction is one of the best you can make, with guaranteed returns.

Should you focus on debt reduction, saving or investing? It’s a trick question. Everything you…

By Alfred Edmond, Jr.

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2. Reduce debt

Consumer Reports has found that in late 2011, 14 million Americans were still paying off their holiday bills from 2010. If you haven't been able to get out of credit card debt on your own, try boosting your financial fitness by joining a free financial boot camp offered online like MyMoneyCircles.com. This practical, step-by-step program, which I help lead with a team of experts, will help you reduce debt, figure out how to save money and reach a host of financial goals, including all of the financial New Year’s resolutions on this list.

It’s Time to Escape Slavery—From Debt

Free your mind, and your finances will follow. You can't achieve wealth if you won't change the way you think about money.

Too many of us are living beyond our means and pursuing a poverty lifestyle.

By Alfred Edmond, Jr.

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Leave Justin Combs Alone: Whether Rich or Poor, An Earned Reward is His To Keep

Any wealthy offspring who doesn't embody negative stereotypes should be lauded

The argument that the son of a multimillionaire should return a scholarship he rightfully earned…

By Janell Hazelwood

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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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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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Win Big: How Being ‘Crazy and Fearless’ Can Lead to Millions

Young, self-made millionaire shares keys to career and life success

Founder and CEO of an empire, Arthur Wylie made his first million at age 26.…

By Janell Hazelwood

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Boomerang Kids: Moving back in with your parents isn't a bad thing (Image: Thinkstock)

Being a Boomerang Kid Isn’t a Form of Failure

Use your return to “the nest” as an opportunity to build wealth

It’s not until two weeks before walking across the stage that it hit me: I…

By Janel Martinez

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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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UBR Spotlight: Top Auto Design Executive Ralph V. Gilles

More on the entrepreneurs, business strategies and economic news on The Urban Business Roundtable

This week on The Urban Business Roundtable: visionary auto designer and executive Ralph V. Gilles,…

By Alfred Edmond, Jr.

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

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

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

By Alfred Edmond, Jr.

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Pseudo Phenom: It Takes More than Bragging to be a Boss

Cars, clothes and uh... that ... isn't enough to win the title of head honcho

As with any pop culture concept that takes on a life of its own, the…

By Janell Hazelwood

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

Make Money Management a Family Affair

For those who believe the days of spending with reckless abandon will return, I have…

By Earl "Butch" Graves Jr.

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BE Next: Your Money Questions Answered

BE canvassed our 21-35-year-old audience to solicit their most pressing questions about wealth building

Black Enterprise asked our team of experienced financial advisers to help answer some of your…

By BLACK ENTERPRISE

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For four decades and counting, Black Enterprise has been committed to the financial education and economic advancement of black Americans. Our mission, simply put, is to help you build Wealth for Life. Over the years, we've gained some passionate allies in our campaign to help you reach your goals, achieve your dreams and improve the quality of your life by taking control of your finances. The following champions of financial literacy--ranging from syndicated columnists and television anchors to finance industry pros and community activists--have been among the most effective and determined evangelists of our Wealth for Life Principles. If you are serious about wealth building, pay attention to the people who want to make your rich.

16 Money Experts Who Want To Make You Rich

These champions of financial literacy are committed to helping you to achieve the Black Enterprise mission: Wealth for Life

If Wealth for Life is your goal, these champions of financial literacy are committed to…

By Alfred Edmond, Jr.

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Investment Clubhouse: Dos & Don’ts For Starting a Club

Advice, resources and information for investment clubs and their members

If part of your wealth creation strategy includes forming an investment club, here are a…

By Renita Burns

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Managing Credit: Understanding Your Utilization Ratio

Your guide to understanding and managing your credit.

Creditors use a calculation called a credit utilization ratio, which makes up 30% of your…

By Sheiresa Ngo

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Money Basics: 5 Keys to Wealth

Lessons on the fundamentals of personal finance and money management

I recently attended a Rich Dad, Poor Dad wealth building seminar held by author Robert…

By Sheiresa Ngo

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Building Wealth Requires Do-it-Yourself Investing

Increasingly, we must all fend for ourselves when it comes to living comfortably in our golden years

This year, my 6-year-old daughter, Ella, learned how to count money. I burst with…

By John Simons

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Black Enterprise’s Mission is Just Beginning

I believe it is fitting to pause to celebrate milestones during the course of a…

By Earl "Butch" Graves Jr.

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Middle-class African Americans are more likely than whites to have cut back on saving and investing in order to make it through the recession, according to the 2010 Ariel Black Investor Survey. The data is not unexpected since the unemployment rate for African Americans (15.4%) continues to track higher than the overall jobless rate for all Americans (9.5%). “In times of economic hardship, people have to make difficult decisions,” said Mellody Hobson, Ariel president and columnist for Black Enterprise magazine. “Unfortunately, the resulting trade-offs mean many in our community are slipping even further behind.”

African American Investors are Down, but Not Out

Cutting back on saving and spending, helps blacks make it through recession

Middle-class African Americans are more likely than whites to have cut back on saving and…

By Deborah Creighton Skinner

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Investing 101: Which Method Will You Use to Invest?

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

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

By Patricia Stallworth

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Investing 101: How to Create the Perfect Financial Plan

Don't wait. Prioritize your goals and get started now!

A good plan is key to a successful investment program. The basis or foundation of…

By Patricia Stallworth

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Women & Money: Lessons From the Financially Independent

Living below your means is a tried and true method to gain�and keep�your wealth

Financial independence can sometimes be an illusive concept. So I think it is always helpful…

By Patricia Stallworth

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Are Black Folks ‘Scrubs?’

Although we've made great progress, we're still "sitting on the passenger side" of American wealth

I’m talking about the scrub described in TLC’s lyrics: “Sitting on the passenger side of…

By Eric D. Grant

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Build A Budget For Yourself—And Cousin ‘Pookie’

The term sounds restrictive, but budgeting is really an exercise in financial empowerment

The word itself sounds and feels restrictive. Budget. When you hear the term, you think…

By Eric D. Grant

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Wealth Gap is Greatest for Women of Color

Study shows wealth inequality is much greater than income gap

Women of all races experience a gender wealth gap compared to white men, but the…

By LaToya M. Smith

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Why I Hate The Hookup

Want to support black entrepreneurs? Stop hitting them up for freebies

One of the biggest drags on black economic empowerment is the “hookup”: black people expecting…

By Alfred Edmond, Jr.

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I’m Not Rosa Parks. He’s Not Dr. King.

But they are The Empowerment Experiment

Dr. King tells me that even though he and Rosa Parks and all the other…

By Maggie Anderson

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My Powerful Life As Mrs. Buy-Black America

Thanks to the Empowerment Experiment, we've met some extraordinary entrepreneurs

When we created The Empowerment Experiment, we knew things would be different. We knew…

By Maggie Anderson

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Our Choice: To Empower

Can a middle-class, professional, suburban black couple lead a Black Power movement?

My family made a choice, publicly, to spend as much money as possible with Black…

By Maggie Anderson

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Banking on Our Own

Investing in black-owned financial institutions is investing in ourselves

It’s expensive to be black in America. Recent studies and lawsuits prove we are overcharged…

By Zachary Raynell Rinkins

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Establishing A Legacy of Wealth: Part 4

We must take control of our destinies

When all is said and done, we have the ability to take control of our…

By Ryan Mack

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My Beef With Black Business

Black-owned companies need to spend more money with black-owned media

Our businesses leave BE and other black media hanging. When Forbes, Business Week or The…

By Zachary Raynell Rinkins

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Establishing A Legacy of Wealth: Part 3

We must take stock of how we spend

Many African Americans are more concerned with what we are wearing, what we are driving…

By Ryan Mack

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Establishing A Legacy of Wealth: Part 2

It's time to take care of business

Yes, we have been oppressed, but we can do much more to help ourselves. Why…

By Ryan Mack

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Establishing A Legacy of Wealth: Part 1

We must work on taking the poverty out of the people

No, we haven’t had the best of times since arriving to this country. It…

By Ryan Mack

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Closing the Wealth Gap

Fight continues in promoting financial freedom for minorities

Even before the financial crisis hit Wall Street, the net worth of the average American…

By Carolyn M. Brown

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A Woman’s Wealth

When black enterprise last featured the topic of women and money management in 2003, we…

By BLACK ENTERPRISE Editors

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Empowerment Experiment Shines Light on Black Business Blight

Chicago couple pledges to "buy black" for 2009

Like many other blacks in Illinois who live in areas where mainstream grocery stores are…

By Marcia Wade Talbert

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1. I Will Live Within My Means

Many people get into a bad habit of spending more than they earn or spending…

By Carolyn M. Brown

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2. I Will Maximize My Income Potential Through Education and Training

How training and education can boost your earnings potential.

By Carolyn M. Brown

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3. I Will Effectively Manage my Budget, Credit, Debt, and Tax Obligations

Regardless if you earn $45,000 or hundreds of thousands of dollars a year, a budget…

By Carolyn M. Brown

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1. Make sure your investment portfolio has exposure to emerging markets like China and India. They recommend that no more than 10% of your portfolio holdings should be invested in these assets.

4. I Will Save At Least 10% of My Income

It’s not enough to just make ends meet with the salary you are earning. You…

By Carolyn M. Brown

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(Image: Thinkstock)

5. I Will Use Homeownership as a Foundation for Building Wealth

While these are uncertain economic times, financial experts agree that owning a home is still…

By Carolyn M. Brown

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6. I Will Devise an Investment Plan for My Retirement Needs and Childrens’ Education

The reality is that your chances of building wealth are optimized when you invest. It…

By Carolyn M. Brown

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7. I Will Ensure That My Entire Family Adheres to Sensible Money Management Principles

Talking about money matters at the dinner table may not have been polite conversation long…

By Carolyn M. Brown

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8. I Will Support the Creation and Growth of Minority-Owned Businesses

Disposable income in the black community is still on the rise. Black buying power today…

By Carolyn M. Brown

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9. I Will Guarantee My Wealth is Passed On To Future Generations Through Proper Insurance and Estate Planning

Let’s face it: Nobody lives forever. No matter how much you want to deny it,…

By Carolyn M. Brown

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10. I Will Strengthen my Community Through Philanthropy

Contrary to some people’s perceptions, you don’t have to have the big bucks like Oprah…

By Carolyn M. Brown

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Opportunity Knocks

Tyre Sperling took advantage of a down cycle to buy his first home below market…

By Carolyn M. Brown

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Wealth For Life

Following our 10 new principles will keep you on the right track for a great…

By Glenn Townes

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Investing to Build Wealth? Or Spending to Look Rich?

When it comes to wealth, too much faking it will keep you from making it.

One of the things I like to talk about when I travel the country speaking…

By Alfred Edmond, Jr.

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