More often than not, when people talk about starting a business, they envision a Forbes 100 type of business with high-profile clients who sign big checks for the goods and services provided. A prudent businessperson knows different – when thinking of business, think in terms of dollars and cents and not glamour and celebrity status. …
According to the experts over at Merrill Lynch, the wealth management industry is going to experience massive growth from 2020 through 2029. Let’s get you prepared! I’ve answered the most asked questions to help you understand wealth management, it’s managers, the role it plays in wealth-building, and how you can join their ranks. What is …
Yes, some benefits of having a wealthy family are obvious. But what many people don’t understand are the deeper and more subtle consequences of poverty. Being poor not only can affect your children’s physical capability to learn, but also their future measured intelligence. The Theory of Family Investment The theory of family investment covers the …
How does Trump’s impeachment affect Wealth December 18, 2019 was a historical day. Almost everyone waited with baited breath for the results of the Trump impeachment process. Suddenly, the votes were in and the word of the day was Impeachment. Half of the country screamed in celebration and the other half roared in fury. Speculation …
Are you thinking about leasing to Marijuana Growers? With the legalization of marijuana for medicinal and or recreational use in over half the states in America, it’s no wonder that all eyes are on the profits. The Cannabis industry skyrocketed quickly to an over $7 billion dollar industry, seemingly overnight. That being said, many would-be …
Many black people want to further their education at an accredited institute of higher learning. Some plan meticulously for this goal. However, with the steep interest rates attached to student loans, many are shying away from pursuing a college education. Thankfully there are several scholarships that are available to African American and minority students. Hopefully, …
The Black Codes Picture it! America. 1865-ish. The confederates just lost the civil war and slavery is supposed to be over. But the slave-owners, relying almost entirely on the free labor of enslaved Africans, are unwilling to let go of the cause of their prosperity. So they pass the Black codes (or laws). Or more …
Website income Profitable website ideas aren’t as hard to come by as the internet marketing gurus would have you believe. Since the invention of the internet, the ability to create passive income multiplied exponentially. Today, there are many thousands of people who make a full time income from investments in real estate. Digital real estate …
The entrepreneurial spirit The entrepreneurial spirit is a mentality. A way of thinking that defines the way you approach life and business. It is the problem solving attitude that refuses to bow to hardships. The innovative approach that is always trying to “work smarter, not harder”. Though it’s not hard to define, it is hard …
Wealth accumulation needs to be at the forefront of your mind. When you are working, and playing. When you are teaching your children and advising your friends. Everyone needs to be tired of living paycheck to paycheck. That tight knot in the pit of your stomach when you think about the “what if” is enough …
If you make up part of the one percent of Americans who control over 40 percent of the United States wealth, you have a lot of choices – with taxes. The United States taxation system provides numerous loopholes that the ultra-rich happily utilize to pay the minimum amount of taxes to Uncle Sam. Taxes are …
Generational wealth in the black community is stagnant. Almost nonexistent! Do you know what’s one of the most depressing things to do? Watching a report or reading an article on the collective lack of wealth in the black community. No…that’s not the worse. What’s worse is the fact that it’s not likely to change any time …
The principles of wealth creation, when used together are the building blueprints that birth generational wealth. No matter what field, industry, or market you are in, these principles apply to you and should be taken seriously. 7 Principles of Wealth Creation The Mentality The first of our principles of wealth creation is mentality. Why? Because …
What is Legacy Wealth Management Legacy Wealth Management (Family Wealth Management) is the planning, organization, and investment of your families wealth. You can hire a wealth management firm, but that’s not what we are here for. We are here for you to understand what you can do to manage and grow your families wealth. We …
How does one create passive income for artists? Simple! There are Two things they must do. First, they must always be creating new art. Second, They must always be using their creative mind to create new ways to sell it. Here are a few examples below. Book Covers/Logos/Stock Illustrations As an artist, you may have …
African captives arrived in Virginia over 400 years ago and were sold as slaves to white plantation owners. Since then, systematic inequalities have ensured that African-American wealth is a fraction of their white counterparts. In a report written by the National Bureau of Economic Research, in 2016, the median African-American families net worth was $3,400, …
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Sometimes you don’t have the option to start your wealth building journey buy investing thousands of dollars in the stock market or in real estate. Everyone goes through a point where money is a serious issue and the clock is ticking! So what do you do? Complete surveys for cash Boring right? Pointless? It doesn’t …
In the years since Emancipation, the state of the African American community has improved. We can now vote, attend institutions of higher learning, and hold public office. However, since the ‘60s, the numbers indicating financial growth and black wealth accumulation have stagnated. Save for a select few, members of the black community have been unable to attain …
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How to earn passive income on Youtube YouTube was created in 2005 and currently has over 1.8 billion subscribers. If that’s not amazing, how about the fact that people watch an average of 1 billion hours of video per day, with 300 hours of quality video uploaded every minute! With YouTube came the concept of …
Robert E. Smith Robert grew up in a middle-class neighborhood. Ambitious from a young age, his parents both PhDs in education, instilled in him the virtues of hard work and education. A driven youth while in high school, he applied for an internship at Bell Labs only to be rejected. Robert never rebuffed, called their …