(ThyBlackMan.com) Before I go into details about credit scores, let me first say that your focus should always be on raising your net worth as opposed to raising your credit score. A high credit score emphasizes you managing your debt. A high net worth emphasizes you eliminating your debt. When ...
(ThyBlackMan.com) Many people think that if they only made more money, they’d be free from worries about money. I wish that was true. If it was, then three-time Pro Bowl cornerback and ex-Raven, Chris McAlister wouldn’t be dead broke and living with his parents. Cornerback Chris McAlister was alleged to ...
(ThyBlackMan.com) James Carville, who is renowned for being former President Clinton’s political strategist and now a lobbyist and political analyst has been quoted in several news publications as saying, “Mr. Obama needs to fire somebody or assemble a new team of advisors.” Carville made these statements as the President got ...
(ThyBlackMan.com) [Disclosure: Shay Olivarria has worked closely with SCE Credit Union on various projects over several years.] I’m sure by now you’ve heard the news that Wells Fargo debit card customers in Oregon, New Mexico, Georgia, Washington and Nevada will be charged a $3 monthly fee for using their debit ...
(ThyBlackMan.com) When you open an account at a bank or credit union you’re usually going to open both a checking account and a savings account. People think that the savings account is for saving money, but nothing could be further from the truth. When you open your savings account the ...
(ThyBlackMan.com) How much do most big corporate advertisers respect the African American consumer—25 percent, 15 percent, 5 percent, or one percent? If you guessed one percent you were wrong. It’s less than that—.68 percent, to be exact. Of the $263.7 billion spent annually on advertising within the nation, less that ...
(ThyBlackMan.com) In part one of this series I discussed how there are many similarities between rural towns and our African American concentrated inner-cities. I discussed how certain “grow your own” business strategies have led to stabilization and even growth for some of these towns that have experienced decades of decline. ...
(ThyBlackMan.com) African American business ownership is the fundamental way to create economic, political, and social power and authority in our cities. Without ownership, and wealth we will always be a day late and a dollar short. We will keep wondering why we have no power, our prayer walks don’t work, ...
(ThyBlackMan.com) Last week, the Pew study that found that African-American households lost about 53% of inflation-adjusted median wealth during the Great Recession was released. Instead of focusing on what we’ve lost. Let’s take a look at what we can do to build our net worth. Understand, and agree to, everything ...
(ThyBlackMan.com) The blogosphere is abuzz with talk lamenting the Pew study that found that African-American households lost about 53% of inflation-adjusted median wealth during the Great Recession. Most of the articles focus on the fact that white people only lost 16% of their wealth without acknowledging that African-Americans are adults, ...
(ThyBlackMan.com) In a time where job availability is at all-time record lows and people are scrambling to look for work or trying really hard to keep theirs, I felt guiltier than ever for wanting to get out of mine. Day after day, I’d trudge to and from my job, praying that ...
(ThyBlackMan.com) As the Consumer Financial Protection Bureau begins operations, the Center for Responsible Lending (CRL) is releasing new findings on the growth and effects of a new short-term and high-cost loan product. Big Bank Payday Loans, a new CRL research brief, details how mainstream banks have entered the triple-digit interest ...