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Budgeting Insider: 5 Great Retail Sites To Shop for Deals

Daisy Lewellyn, style expert and author of Never Pay Retail Again: Shop Smart, Spend Less and Look Your Best Ever (Gallery Books: $15) gives her Web picks of great shopping sites for families to find deals and steals.

40 Next: Roland Fryer Jr.

In celebration of our 40th anniversary, Black Enterprise is taking a look both forward and backward at the world of black business. Follow us as we reveal our "40 Next: Emerging Business Leaders Who Are Shaping Our Future."

40 Next

Business is not limited to the boardroom. Social media helped reinforce this. Coupled with adaptability and a forward-thinking approach, this mobility is altering (in real time) the way we engage others. The objective may be the same, but the rules are different as a new breed of professionals emerges to dominate the business landscape.

Teach Them Well

Last summer, 16-year-old Calvin O’Neal worked for the New York City Summer Youth Employment program at a public relations firm that paid him by way of a debit card. Many simply spent their earnings, but not Calvin. His parents, Eric and Theresa O’Neal, have been teaching him and his 13-year-old brother, Christian, about money management for years. “Twenty percent of every paycheck went into the bank,” says proud father, Eric. “He was saving for a laptop,” Theresa adds, “so sometimes he would even walk home to save on carfare.”

Flying High

When Pharos Capital Group L.L.C. (No. 5 on the be private equity firms list with $600 million in capital under management) acquired American Beacon Advisors Inc. (No. 1 on the be asset managers list with $39.8 billion in assets under management) in 2008, it was a deal years in the making.

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