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You Can’t Spend Your Way to Building Wealth

Such shortsightedness is tantamount to aiming a heat-seeking missile at our financial future. Instead, we need a sound financial plan: 1) create a long-term savings strategy; 2) eliminate short-term spending plans; 3) refuse to reward yourself for enduring tough times; and 4) stop deluding yourself that you can treat shopping discounts and bargains in the same manner as savings deposited in the bank. Bottom line: You can’t spend your way to building wealth.

A Tribute to Broadcasting Legend Gil Noble

For more than 40 years, Like It Is with Gil Noble was one of the few shows that African Americans could trust to tell the stories and cover issues of importance to us. I remain hopeful that someone will pick up the baton and continue the race so well-run by Noble.

Weekly Address: Homeownership

Weekly Address: Homeownership

Yesterday, we learned that the economy lost another 651,000 jobs in the month of February, which brings the total number of jobs lost in this recession to 4.4 million. The...

The Secret to Their Success

Phyllis Holly-Ward and her husband, Jorey Ward are enjoying the fruits of responsible money management. The Trenton, New Jersey, couple are a modern-day success story: a six-figure savings account; two self-sufficient college graduate sons, William, 29, and Phillip, 28; and, including their sons’ properties, an estimated $1 million worth of real estate. What’s their secret? The Wards manage their household finances like a business.

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