(ThyBlackMan.com) That was a simple question, but it also made me think. First, I realized that we can’t presume that all black people spend money this way. Most of us know African Americans who are very good at saving and investing their money. They are faster to spend money on ...
(ThyBlackMan.com) I don’t know about you, but over the course of my career, I have certainly had the occasion to realize I was underpaid for the work I was doing. In fact, the first time I was offered a job out of school, doing sports public relations, the salary they ...
(ThyBlackMan.com) People often romanticize the 38-year marriage of Nelson and Winnie Mandela. The thought of a strong woman waiting 27 years for her husband’s release sends shivers down the spine. But sometimes those shivers are met with a dose of hard, cold reality. One overwhelming truth is that Nelson Mandela ...
(ThyBlackMan.com) “Because the Negro does not own and control retail establishments in his own community, he is unable to stabilize his community…The Negro must pool his capital in order to help himself….This will enable him to solve his own problems.” S.B. Fuller Has the thought ever occurred to you that ...
(ThyBlackMan.com) The role we play in our own economic demise is mind-boggling. First of all, our priorities are screwed up. We place more emphasis on some of the most meaningless issues and aspects of life. We use much of our time talking about the housewives, the preachers, the husbands, the ...
(ThyBlackMan.com) As part of our project on “Financial Lovemaking,” S Tia Brown and I explore the roots of our connections to money and why it makes us do what we do. Most of us are deeply linked to our financial situations yet do not realize that our relationships with money ...
(ThyBlackMan.com) The Federal Reserve Bank (Fed) announced on January 29th that it has decided to continue to reduce its bond buying activities, thus taking more easy (cheap) money out of the economy. What the stock market signaled with its downturn of close to 400 points over two days in the ...
(ThyBlackMan.com) Remember that movie with the Wayans Brothers? After stealing some credit cards, Damon’s character, Johnny Stewart, had everything he ever thought he wanted. He spent a lot of money on “things” and still found himself with more than enough cash to do whatever he wanted. I am also reminded ...
(ThyBlackMan.com) Most of the stress of writing a business plan comes from feeling like you don’t know what to do. This is a daunting task even for industry veterans. For a first time business owner it can feel like you’ve failed before you’ve even begun. With stress like this, your ...
(ThyBlackMan.com) When it comes to gaining true freedom, the words and actions of our most revered Black authentic leaders emphasized economic empowerment. Unfortunately, many of those who spoke the truth and tried to establish an economic foundation for Black people were ostracized, caricatured, vilified, and even assassinated. Despite their sacrifices ...
(ThyBlackMan.com) The stock market has been mixed lately as a result of the Federal Reserve Bank’s (Fed) announcement that it will reduce its bond buying activities, which started December. Because tapering or reducing the purchase of government debt at very low interest rates is not good for stocks, and will ...
(ThyBlackMan.com) Warren Buffett is rich, very rich. This past year, Buffett’s wealth grew by a stunning $12.7 billion dollars, up to $59.1 billion. All of this according to Wealth-X, a firm that studies the nation’s super rich. This means that Buffett’s wealth grew by $1.5 million dollars per hour, every ...