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Economic inequality remains a major issue in America. But a recent report reveals how Blacks in Boston are suffering financially. Blacks in Boston only have a median net worth of $8. In contrast, Whites have an average net worth of $275K. That means Blacks in Boston often have debt that is greater than their assets, according…

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Millennials are typically those who are born between 1982-2004 and are said to be the generation with the most consumer debt. Student loans and credit card balances lead the categories of debts owed. Ironically, many of these millennials have great jobs and own successful businesses but are having problems with their personal finances and paying…

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“Kids are like Kodak film; they need exposure and development,” said Gail Perry-Mason, founder of Money Matters 4 Youth Financial Literacy Camp located in Detroit. Perry-Mason, a financial expert, best-selling author and financial coach is the brainchild behind spearheading an educational field trip for approximately 25 Detroit students to Omaha, Nebraska to meet billionaire Warren…

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Let’s talk about business and two ways to raise money. Trying to figure out how to raise the startup capital for your business is a conundrum faced by many aspiring entrepreneurs. In this article, we will discuss two ways you can go about raising capital to fund your business. Crowdfunding Crowdfunding is one of the most…

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The start of 2017, will be hard as retail giant Macy’s announces plans of store closures and employee layoffs. Macy’s announced that sales dropped 2.1 percent in November and December compared to last year. The company cited changes in consumer behavior and the current challenges in the retail industry. According to business analytics organization the…

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‘Tis the season to ball out of control at the mall for our loved ones — and ourselves. The last few months of the year are hectic as we slave for overtime at work while maxing out our credit cards; all to ensure an ideal holiday season. Visions of new home furnishings and designer thigh-high…

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Master vehicle detailer Gideon King recently opened Big Foot Detailing Centre, an international vehicle detailing service center in Doha, Qatar. King has also been an exclusive detailer for Bentley, Bugatti and Lamborghini. The Centre’s services include paint correction, nano-based ceramic coating by MAYVINCI and much more. The Centre has been open for less than a…

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What are your credit card habits? If you’re like most consumers, you only use them for big purchases or in emergency situations, without taking advantage of the many other ways your cards can be working for you … earning travel miles, discounts and more. Take a fresh look at how you use your credit cards…

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Brenda Ross Dulan is the executive vice president and region president for Wells Fargo in the state of New Jersey. As a teen, Dulan thought that she wanted to work as an actuary, but the Howard University alum didn’t expect that she’d work in banking. After attaining her MBA from the Anderson School of Management at UCLA, she decided to move away from insurance and into banking. And she hasn’t looked back.

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1. Make sure your credit history is clean. Obtain copies of your credit report from each of the three agencies: Equifax, Experian and TransUnion.Visit annualcreditreport.com. It’s free. Once you receive them, review the reports to make sure the facts are correct. Contact the appropriate agency to correct any errors. 2. Assess how much you can afford. Go…

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Teri Williams, president and chief operating officer at One United Bank talks about improving your credit and the launch of their new secured credit card. One United Bank is the largest African American-owned bank. Why did you decide to take on a secured card? One of the reasons we decided to take on the secured…

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In light of the recession, there have been an increasing number of students graduating college without employment, forcing many to have to work lower wage jobs or enter into the world of entrepreneurship. A recent retirement survey by Scot trade revealed that more than half of Gen Y admitted that they haven’t even started saving for retirement.…

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