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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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Why Personal Finance Isn’t Taught in Schools financial literacy

Why don’t they teach about money in school? Our school systems teach us many subjects such as math, reading, science, writing, history, and languages. But money is not one of them.

 

The...

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How to Increase Your Credit Scores Fast debt management

If your credit score is lower than you’d like, there may be fast ways to bring it up. Depending on what’s holding it down, you may be able to tack on as many as 100 points relatively...

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What Can We Learn From Serena Williams investing mindset

One of the greatest athletes of all time is retiring… from tennis that is  – and what is anticipated to be the last tournament of her storied career has been nothing but...

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What I Think About Investing in Cryptocurrencies cryptocurrency investing

How quickly things can change. Before entering 2022, it seemed like all the cool kids were into cryptocurrencies. Even some of our favorite celebrities - movie stars and hip athletes from Snoop...

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