Black Finance

Financial guru Deborah Owens joined Roland Martin on “NewsOne Now” to outline the three major financial pitfalls that prevent most Americans from building wealth. Here’s a hint: they all have to do with living beyond your means. Watch to find out what they are. Be sure to listen to “NewsOne Now” with Roland Martin, weekdays at 7 […]

Information from a study released on Monday revealed that Blacks are more likely to dip into their 401k plans before they actually retire.  The withdrawals were based on hardship situations according to Aon Hewitt, the human resources division of Aon Corp., and Ariel Education Initiative, a nonprofit affiliate of Chicago-based Ariel Investments, LLC. SEE ALSO: California […]

Carver Federal Savings Bank, the largest Black-run bank in the U.S. is the latest bank to be bailed out. Carver Federal Savings received a $55 million cash rescue from key investors including Citigroup, Goldman Sachs, Morgan Stanley. See also: Bank Of America Website Issues Continue “This represents a significant shift from community ownership to corporate,” said […]

WASHINGTON (AP) — Democratic lawmakers are asking the Justice Department to investigate whether Bank of America and other major banks improperly worked together to charge customers new monthly fees for using their debit cards. Rep. Peter Welch, D-Vt., and four other Democrats said Thursday that they’ve asked Attorney General Eric Holder to see if big banks […]

Have you ever seen someone who was always driving a new car almost every other month it seemed? I remember, right after I graduated college, I had a few friends like that and always wondered where they got the money to get into the “flipping” cars game. They would have the newest of the newest […]

In my years as a Financial Planner, I have fielded many questions.  One of the most frequent questions I have been asked is, “What is the best area to invest in this market?” Many state that the equity market is poised for a strong rally in the long run. Others state that the bond market […]

Everybody is worried about the U.S. debt ceiling. But it’s even more important to worry about your own. Ryan Mack shows you how to obtain and use credit cards to establish a credit history: Read all of Ryan Mack’s financial tips in Your Money In The Black. More from Ryan Mack: Building Your Credit Score […]

Every successful financial plan needs to have clean credit and a high FICO score.  If we are to see more home and business ownership having good credit is the first step towards accomplishing this goal.  Too many times I have personally seen many opportunities missed because we have not taken the time to “clean” our […]

It seems there is a disconnect from what is being covered by financial news and what the public is really concerned about. You can’t turn on the financial news networks without hearing questions such as the following: “Will the US raise its debt ceiling?” “Will the tax cuts for the rich be extended?” “Will the […]

Unemployment reaches record levels, the housing market is slow, and real wages haven’t increased in far too long.  Many are finding themselves discouraged and losing and faith for a better financial tomorrow.  However, an increased level of faith will allow all of our financial dreams and goals to come to fruition despite this recession. There […]

The numbers say that we are out of the worst recession since the Great Depression; however, for most American the financial struggles are far from over. A housing market that has 1 out of 4 owing more than what their house is worth, with millions who are at least 90 days late on paying their […]