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Earvin ‘Magic’ Johnson Honored With Leadership Award

NBA All-Star Earvin “Magic” Johnson received the Entrepreneurial Leadership Award on Thursday at The Council of Urban Professionals 3rd Annual Leadership Gala fundraiser for his work to advance minority businesses.

Stick With Your Core Values in Good Times and Bad

Although some economists claim the recession is over, it certainly doesn’t feel like it for most entrepreneurs. Despite signs of a rebound, a number of businesses must fight to keep the lights on.

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 need to be able to sock away a portion of you income for savings and investments—at least 10% of your take-home pay. In addition, you need to invest 15% of your income in a 401k or other retirement plans.

1. I Will Live Within My Means

Many people get into a bad habit of spending more than they earn or spending money on items they want rather than on those they need. In turn, they get trapped in more debt than they can handle.

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