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Why Is Gas So High - Again?

Gas prices normally decline after Labor Day - as the summer season ends. However, instead, they are rising. Production cuts by Saudi Arabia, Russia and other oil-producing countries, as well as...

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How Can You Increase Your Income

A young woman emailed me recently and asked, “how can I increase my income.” I felt a bit perplexed at first but then I quickly realized that it's quite hard to live any sort of...

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5 Reasons Why You Should Retire

Retirement may seem out of the question these days with high inflation, a possible recession, soaring food prices, but for some older adults, hanging on to their job can cause more harm than good....

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Bitcoin Tops $30,000 For First Time in 10 Months cryptocurrency

The world's largest cryptocurrency (Bitcoin) reached $30,000 Monday (April 10, 2023) evening for the first time since June 2022.

Some industry advocates acknowledge the asset as a potential "safe...

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How Magic Johnson Lost $Billions From Not Understanding Stocks

Magic Johnson won the National Collegiate Basketball Championship back in 1979 against his arch rival, Larry Bird. He was a sophomore at Michigan State and only 19 years old. Soon after their...

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Why Black People Do Not Invest in the Stock Market

According to data from Goldman Sachs over the past 140 years, U.S. stocks averaged over 10-year returns of 9.2%. That’s quite an attractive return, but not everyone believes the stock market...

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WHAT SHOULD YOU DO DURING A STOCK MARKET DECLINE? black wealth investing

With only two trading days left in what is shaping up to be the worst year for the U.S. stock market since 2008, the major stock market indexes - (Dow Jones, S&P 500, and NASDAQ) - are down...

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A Brief History of Black Wall Street

A major reason for Black America’s failure financially is the inability to recycle its money within its communities and practicing group economics. Nearly all of Black income is spent...

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I'm 65 Years Old and Want To Retire in 6-12 Months investing retirement

“I’m 65 and want to retire in 6-12 months. I have $125k in an annuity and $100k sitting in my 401(k). I don’t know what I’m doing. I need some advice.”


Congratulations...

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We Can Blame Inflation On Two Things economy

First, what Is Inflation?

The most basic definition of inflation is a rise in prices. For example, a baseball cap that cost $17 two years ago may now cost $25, while a $5.99 Big Mac meal at...

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Your Perfect Investment Strategy Before Year-End investing stock market

Markets are in the red… and most year-to-date charts look terrible.

 

As of September 30, 2022, the Nasdaq is down 27.4%…

 

The S&P 500 has fallen 24.7%...  and the...

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The Power of Compound Interest investing mindset
  •  Would you rather have a million dollars now or take a “brand new” shiny penny now and double the amount for 30 days?
  •  By taking a penny now, in 30 days you would have...
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