(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 ...
(ThyBlackMan.com) The United States Justice Department is preparing to launch an investigation against Wells Fargo, a company that serves as the largest home mortgage lender in the country. The company is being accused of taking advantage of minority consumers by selling them loans that were overpriced and more likely to ...
(ThyBlackMan.com) When your mate does nice things for you, do you feel (and show) appreciation? Or do you simply expect a romantic partner to do those things? If so, consider this: No one has to do anything for you, and expecting your mate to do things he/she hasn’t bargained for ...
(ThyBlackMan.com) A new study presented some disturbing, yet expected news about the sad state of economic affairs within the African American community. According to the study, the wealth gap between white and black Americans has become the widest that it’s been in the last 25 years. As it stands, whites ...
(ThyBlackMan.com) A guy that I grew up with recently tracked me down to discuss a situation with his marriage that has taken a turn for the worst. His wife of 15 years told him that she wanted to get a divorce. I could hear the pain in his voice. He ...