Recently, I got off the phone with my mom, who shared some family updates— the on-goings of our family in the States, Antigua, and Tobago. Most of the news was positive; one piece wasn’t so positive, though. I learned that a family member was at the beginning stages of a debilitating mental and physical illness. When I hear about illness, I can’t help but think about death. … [Read more...]
5 Crucial Tactics For Crafting a Wealth Building Mindset and Securing Generational Wealth
Shifting your money mindset from spending to building wealth is the cornerstone of any wealth-building plan. Achieving this mindset begins with adjusting your overall approach to spending and your overall relationship with consumerism. In addition to the great suggestions offered in the video below, here are five ways you can craft a wealth building mindset and create … [Read more...]
Singles: Should a Woman Date a Man Who Makes Less Money than She Does?
If you have a high achieving sister with a salary that is more than some two-person households combined, you may have found dating is a bit more challenging for you. So the question becomes: Should a woman date a man who makes less than she does? And what does a man REALLY think about women who may be more financially successful than he is? I've asked many high quality men … [Read more...]
5 Reasons Why God Wants You to be Wealthy
The Bible can be a little confusing when it comes to “being wealthy." It states in Ecclesiastes that the love of money is the root of all evil; but then it also says in Ecclesiastes, “money solves everything." Well God, which one is it? Both are absolutely 100% truth. When you fall in love with money, it will both own you and destroy you. At the same time, however, money … [Read more...]
5 Tips to Reboot Your Retirement
Black and Married With Kids is proud to present Generation One - The Search for Black Wealth. In fact, screenings will be taking place over the next few days in Atlanta, Chicago, and Washington, D.C., and we're so excited to bring this valuable information to our fans. But no matter where you are in your financial goals and no matter your age, it's never too … [Read more...]
Money Monday: Five Ways To Create A Wealth Mindset
As African-Americans we’ve arrived a little late to the wealth game. According to a 2014 Pew Center report, the median black household in America possessed a meager $11,000 in wealth compared to the $141,900 in wealth held by the median white family. While institutional racism, unequal access to quality education, and other factors contribute to this finding, there are … [Read more...]
[Our Latest Movie] Generation One: The Search for Black Wealth
BMWK family we're excited to share the official trailer for our fifth film titled Generation One: The Search for Black Wealth. We plan to use this film to make a pivotal shift in the conversation around the creation of wealth in the black community and it all starts here on BMWK. Stay tuned for more information and resources to help your family and our community gain … [Read more...]
Money Monday: White Households Hold Thirteen Times More Wealth than Black Households
According to a new report from the Pew Research Center, white Americans now hold thirteen dollars of wealth for every dollar held by black Americans. The median net worth of white households in 2013 was $141,000, while the median net worth of black families rang in at only $11,000. This wealth gap has widened since the recent Great Recession, and is the highest it’s been … [Read more...]
Money Monday: 5 Ways To Manage Your Time More Efficiently
Time is money. Whether you’re trying to find the time to jumpstart your side-hustle, study for a more lucrative career, or build your entrepreneurial empire, time management is the key to your success. But, as I have found out, managing your time is not as easy as it seems. We live in a world full of distractions. Everything is designed to steal time away from our … [Read more...]
Tyler Perry Narrates Documentary About Our Financial System
So many of us have easy access to our checking and savings accounts that we sometimes take for granted the millions of American who rely on pawn shops, money orders, check cashing locations and payday loans, just to take care of their day-to-day affairs. The new documentary, Spent: Looking for Change, reveals some of the harsh realities of our broken financial system and how … [Read more...]
Money Monday: Why Don’t People Trust Their Gut When Considering Marriage?
Getting married to the wrong person is the surest way to destroy any ability to create wealth. Yet according to one study, 30% of women knew on their wedding day that they were making a mistake. According to Thomas Stanley, author of The Millionaire Next Door, the majority of wealthy people in America have married and stayed married to the same person. This is a concept … [Read more...]
Money Monday: Keys to Retiring Wealthy, Even on a Meager Salary
In the Deep South, Oseola McCarty spent her working years as a washerwoman. To say she earned a meager income washing and ironing clothes for the local residents would be an understatement. But Ms. McCarty amassed enough wealth to donate $150,000 to the University of Southern Mississippi, establishing a scholarship fund for deserving students. Earl Crawley works as a … [Read more...]
VIDEO: Why The Wealth Gap Exists Between White And Black Families
This is the best summary we've seen yet. From the Rachel Maddow show Visit msnbc.com for breaking news, world news, and news about the economy And now the question remains: What are we going to do about it? … [Read more...]
Daily Inspiration 06/04/2009
The philosopy of the rich versus the poor is this: The rich invest their money and spend what's left; the poor spend their money and invest what's left. -Jim Rohn … [Read more...]