Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

Saturday, July 17, 2021

Support Black-Owned Businesses: 181 Places to Start Online (Compiled by Sophia Conti)

https://www.websiteplanet.com/blog/support-black-owned-businesses/  

In Hampton Roads Virginia: https://www.hrgreenbook.com/listing/black-owned  

Support Black-Owned Businesses: 181 Places to Start Online

Sophia ContiSophia Conti

Racial and wealth disparities in the United States have been thrown into sharp relief by the COVID-19 pandemic and racial unrest throughout 2020. We see more clearly than ever just how often Black business owners and creatives have been thought of as less than their Caucasian counterparts – and Black businesses are paying the price.

Black businesses are impacted more deeply than Caucasian businesses by COVID-related closures, due to the long history of racial inequality that’s now exacerbated by the ongoing state of emergency.

It feels like an overwhelming problem – and it is – but there’s one simple thing you can do right now to help: Shop at Black-owned businesses whenever you can.

Supporting Black-owned businesses helps provide much-needed stability to business owners that have been hard hit by the pandemic. And you’re laying a foundation to continue to support Black businesses long after the crisis is over.

Once you start paying attention to who owns the businesses you shop at and where your money is going, you’ll be surprised at how your mindset starts to shift. It’s an easy, practical step to start changing the way you think while providing tangible support to Black business owners who need your help right now.

Where to start? We’ve got you covered. We’ve compiled a list of 181 Black-owned businesses across the United States in many different categories. Check out the list below. To be added to the list, comment on the link below:


 The views expressed in the media presented on this site are not necessarily the views and opinions of the Imani Foundation, our members, staff, or sponsors. Find us on FACEBOOK under the name "The Black Improvement Movement".
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ These posts provide information that may aid financial improvement. The information on this site is provided as opinion and should not be construed as professional legal advice, nor professional financial advice, nor professional tax advice. The end reader is advised to seek professional assistance to address one's particular situation. The posts on this site may be third party information and may not be copyrightwritten by the poster of the information. Visit our Black History Online Class http://www.blackhistoryclass.blogspot.com We got Books ! Positive Vibes Litterature 757-523-1399

Monday, November 23, 2020

#MelanatedWealth The Melanated Wealth Series (Advancing Black Business to Black Generational Wealth) #Money #BlackBusiness #BlackFinance #PhiBetaSigma #OmegaPsiPhi

(#MelanatedWealth) ! Paid off $120,000 debt in 2 years CONSCIOUSLY - with @TheUrbanFinance #Trini Rev. Khaden Nurse (#TheUrbanFinance) joins Tiniki Riddick (myEcon) and @SekoVarner to talk about politics and money, investing in Marijuana, using a Su Su to go to college, combining conscious-building and wealth-building, Amos Wilson, Black Power, how he and his wifey-4-lifey paid off $120,000 OF DEBT IN 2 YEARS, and how theWE can do the same. 

 (#MelanatedWealth) Making Thousandaires into Millionaires - A. Donahue Baker on #GetOnCode #GetOnCode - In this episode of Get On Code (The Fly Guys Show) we build with A. Donahue Baker of www.MoneyAve.com and Tiniki Riddick of myEcon. #PhiBetaSigma Brother A. Donahue Baker is a CPA, former Grammy-nominated music producer, and current real estate developer with a personal portfolio that includes over 500 units of residential/commercial properties nationwide. A. Donahue Baker recently co-founded a $10 million angel syndicate/VC fund to help theWE to create wealth and have access to capital. Tiniki Riddick: https://www.triddick.myecon.net 

 (#MelanatedWealth) Will Mingo will make you rich! Owns checking cashers, now opening a Bank! #GetOnCode - In this episode of Get On Code (The Fly Guys Show) we build with Will Mingo of HTTP://www.MoneyAve.com and Tiniki Riddick of myEcon. #PhiBetaSigma Brother Will Mingo - MBA, SHRM-SCP. Will Mingo has been Director, Global Infrastructure Consulting Services for a Fortune 50 Information Technology firm. Will had P&L accountability for an IT consulting business supporting $2B+ in enterprise hardware & software sales. He led a large global organization of engineers, consultants, project managers & operations support personnel. Previous to joining his current firm, Mingo worked at Mellon Human Resources & Investor Solutions where he was Vice President of the Business Integration function. Prior to Mellon, Will spent over a decade at Prudential Financial where he was a Director and performed leadership roles across multiple functions including Information Technology, Human Resources, Sales Operations and Corporate Risk Management. Additionally, Will previously served on the faculty of the Boston University Corporate Education Center where he taught project management courses in the Master’s Degree and certification programs. In addition to his success as a leader in Fortune 100 corporations over the past 20+ years, Mr. Mingo is an accomplished entrepreneur. Will holds a New Jersey Banking license as well as a New Jersey Bail Bonds license. Will also has an extensive background in real estate development and financing. He and his wife own The World of Beer sports bar in New Brunswick, NJ. Will has received numerous awards and honors for his academic, professional, & civic accomplishments. His successes have been featured in the New York Daily News and the Newark City News. Will holds a Bachelor of Arts degree in Political Science from Clark Atlanta University and an MBA from New York Institute of Technology. Will resides in Monroe Township, NJ with his wife Desiree and their sons James & William. He recently co-founded a bank to help theWE to create wealth and have access to capital. Tiniki Riddick: https://www.triddick.myecon.net

#MelanatedWealth  The Melanated Wealth Series (Advancing Black Business to Black Generational Wealth) #Money #BlackBusiness #BlackFinance #PhiBetaSigma #OmegaPsiPhi


We got Books ! Positive Vibes Litterature 757-523-1399

Thursday, January 2, 2014

Christmas onto your credit card might be the Anti-Christ - Seko Varner

To celebrate Christmas, many believers did something the Bible teaches it's readers not to do...... Go into debt. Putting Christmas onto your credit card might be the Anti-Christ.

!!! Happy New Year !!!

    I decided to wait to make this post until after the Holy-Day & Holiday season.Just a few weeks ago many placed themselves into debt to celebrate Christmas and gift giving. Credit cards and the ease of borrowing has made it easy for 'Christians' to use credit in a manner which is fundamentally obverse to the teachings of the Bible..... I've decided to call 'debt' the 'Anti-Christ'. Plainly put, the Bible and other Holy books of guidance direct their followers to avoid debt. Putting Christmas onto your credit card could be construed as doing the exact opposite of the holy teachings. Putting Christmas onto your credit card might be the Anti-Christ.

Let that marinate for about 11 months........I'll join you in that consideration. Why not take a look at the below Michelle Singletary video or visit Dave Ramsey's site while marinating.
https://www.youtube.com/watch?v=RqjJZY7913g
https://www.youtube.com/watch?v=RqjJZY7913g
     Last year my business partner Brian Cooper and I began a series of presentations called The Plan which was based upon our lessons from being agents of World Financial Group, our studies of Michelle Singletary and Dave Ramsey's plans, and other personal financial plans. In late February we will be releasing a FREE video of the entire presentation. Until then, enjoy below a slide from the presentation.
Here's more info':
http://www.creditinfocenter.com/wordpress/2013/10/14/avoid-christmas-credit-card-debt/

Happy Life !
Seko
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Seko Varner is from the Positive Vibes Financial team, a World Financial Group team of financial services agents. They specialize in debt reduction, investments, and insurances. Seko is also in high demand as a special events DJ and owns an event marketing service. Seko has diverse background in business, real estate, counseling and education. Seko is active with numerous Youth Mentorship programs and has a background in radio and television. Visit www.HappilyEverAfter.Be or call 757-248-3820 for more details.

Subscribe! imanifoundation-subscribe@yahoogroups.com . Visit our Black History Online Class http://www.blackhistoryclass.blogspot.com Getting married ? Visit www.happilyeverafter.be We got Books ! Positive Vibes Litterature 757-523-1399

Monday, December 26, 2011

The Color of Cola - Black History & Pepsi Cola

The Color of Cola

Published: February 4, 2007
History-making heroism, Stephanie Capparell means to demonstrate in this admiring account of the Pepsi-Cola Company’s pioneering — but largely unsung — “special-markets sales staff,” ought not to be measured solely by the fame it attracts. She’s right. Inconceivable without the giants of the ballpark and the ring, demonstrations and courtrooms, the movement for African-American civil rights depended even more on the mostly unknowable actions of millions, black and white, who created new ways of thinking and working and acting within and across racial lines.
Boyd Collection/From “The Real Pepsi Challenge”
The model for the young boy in this store display from the 1940s was Ron Brown, who became President Bill Clinton’s commerce secretary.

THE REAL PEPSI CHALLENGE

The Inspirational Story of Breaking the Color Barrier in American Business.
By Stephanie Capparell.
Illustrated. 349 pp. Wall Street Journal Books/Free Press. $25. 

“The Real Pepsi Challenge” begins with a creative, dynamic white New York businessman, a politically connected, progressive Republican turnaround specialist named Walter S. Mack Jr., who took over Pepsi in 1938. Mack, in his own words “an unrepentant capitalist and a liberal” who enjoyed playing, as Capparell puts it, “scrappy David to the Goliath that was Coca-Cola” (Pepsi’s 1939 sales were under $5 million, compared with Coca-Cola’s $128 million), decided to strengthen Pepsi’s hold on the “Negro market.” Pepsi’s 12-ounce bottle, twice the size of a Coke, sold for the same nickel, which made it more popular among poorer people; according to Capparell, Pepsi had “survived the Depression by appealing to Negro consumers.”
Mack more or less invented the business internship in 1940, with a nationwide essay contest for college graduates. Two of the 13 winners were black; they traveled through 21 states and “thousands of miles by car, train and bus, selling Pepsi” and, by implication, Pepsi’s commitment to African-Americans. World War II interrupted the program, though not Walter Mack’s racial activism: Pepsi opened three integrated military canteens that served 29 million servicemen during and after the war, while “the government’s canteens — like the Army itself — were segregated.”
Capparell deftly portrays the optimism of the immediate postwar years, especially regarding what she calls the “dizzying number of firsts for African-Americans” — in business, education, politics, entertainment and, of course, baseball — in the banner year of 1947. That year Mack hired the 33-year-old Edward F. Boyd, a National Urban League staff member working on housing issues, with a promise that Boyd could hire a dozen African-American salesmen. A slump in the soft-drink market kept Boyd to just four hires at first; his staff grew to eight in 1950, and finally reached 12 a year later. The book mostly recounts the story of Boyd’s special-markets team — the employees’ backgrounds, how they sold the cola, the coverage they received in the black press — and Pepsi’s shifting fortunes in an often volatile market.
The “real Pepsi challenge” of the title lay in the efforts of Pepsi’s black salesmen in the 1940s and ’50s to establish both the importance and profitability of the “Negro market” and the reliability and competence of the men who could sell to it. These men faced the gritty, humiliating realities of Jim Crow as they traveled through the South hustling their cola at black churches, social clubs, schools and athletic events. Some of the first African-Americans working in national corporations — who didn’t carry a broom, that is — they became role models and minor celebrities.
With Mack’s backing, Boyd ran remarkable advertising campaigns in 1948, 1949 and 1951 in the black press. Called “Leaders in Their Fields,” the ads featured profiles of African-American professionals like the diplomat Ralph Bunche, the composer Walter Franklin Anderson, the journalist P. Bernard Young Jr. and the hat designer Mildred Blount. Capparell shows how the series, copies of which black schools and universities requested as educational materials, simultaneously pumped significant income into black publications, showcased black business and professional success, and helped cement black loyalty to Pepsi.
Without calling explicit attention to the alliance among black leaders, the black media and black businesses — an alliance that sprang into action when the president of the Atlanta-based Coca-Cola Company toasted Georgia’s segregationist governor in 1950, and helped inspire a Pepsi-supported boycott of Coke — Capparell establishes the importance of their mutual support in the overall struggle against racial discrimination. Just as black sportswriters played a key role as advocates for baseball’s integration, the black press, by promoting black consumers and businesses, served to strengthen itself and increase collective black political power. In 1951, Coke placed its first ads in black papers.
Capparell, an editor at The Wall Street Journal and a co-author of “Shackleton’s Way: Leadership Lessons From the Great Antarctic Explorer,” interviewed six surviving members of the team. Through them she opens a window onto the frequently impressive, culturally conservative (and therefore often deprecated), “striving” lives of the respectable black middle class in the years before integration — men and women without whom the achievements of the civil rights years would have been impossible.
Take the story of the team member Jean Emmons: from DuSable High School on the South Side of Chicago to a steel mill in Gary, Ind.; from a junior college to an M.B.A. at the University of Chicago in 1948. Emmons received no serious business interviews until Pepsi hired him. He later earned a doctorate in education and retired in 1981 after six years as superintendent of public schools in Trenton, N.J.
More journalism than history, more inspiration than analysis, “The Real Pepsi Challenge” nevertheless deepens our appreciation not, as the author would have it, for the platitude “that diversity is good for business and that business should be good for diversity,” but for the persistence and courage of those willing to break barriers and risk the consequences.
Warren Goldstein, who teaches American history at the University of Hartford, is the author, most recently, of “William Sloane Coffin Jr.: A Holy Impatience.” http://www.nytimes.com/2007/02/04/books/review/Goldstein.t.html
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Visit our Black History Online Class http://www.blackhistoryclass.blogspot.com 
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We got Books ! Positive Vibes Litterature 757-523-1399

Tuesday, April 29, 2008

Disaster Proof Your Family

Disaster Proof Your Family - John Jessup

Life throws you a curveball sometimes: cutbacks on the job, a roof that needs to be replaced. You can't completely insulate yourself from such shocks, but three straightforward steps will protect you against 90% of problems.

Step 1: Build an emergency fund Put aside at least three months' worth of living expenses in cash so you can get through a rough patch without having to borrow or dip into retirement savings (make that six months if your family relies on one wage earner).

Step 2: Buy life insurance With insurance, the simplest choice is also the best. In almost every case, term insurance gives you the biggest death benefit for your premium. All you need to decide is how much and for how long. Buy life insurance equal to five to 10 times your annual salary. The more children you have, the more debt you carry and the longer your family will need help (until your kids are out of college, say), the closer you should be to the top end of that range. You can lock in your payment for 10 to 35 years, but for most new insurance buyers 20 years is about right. If you need a quote from me, just let me know.

You also need disability insurance, which typically pays up to 60% of your salary if you can't work. But this policy virtually defies simplification. If you don't get adequate coverage on the job, you'll have to confer with an agent.

Step 3: Write a will You should have a will that, at minimum, appoints a guardian for your minor children, outlines how you want to divvy up your assets and names an executor. If you have an estate worth less than $2 million and you're leaving almost everything to your spouse and kids, you can write it yourself by using off-the-shelf software like Quicken's WillMaker Plus. If your situation is complicated, spend about $1,000 on a lawyer.

John Jessup
jjessup7spr94@yahoo.com

Thursday, January 3, 2008

The Seven Habits of Wealth

From BIB John Jessup

We are what we repeatedly do. Excellence then, is not an act, but a habit. — Aristotle


We tend to define our lives by the big events: graduation, marriage, children, a big promotion, retirement. What often gets neglected are the little things we do every day, the little things that make the big events possible. As Aristotle said, it’s what we “repeatedly do” that produces excellence. When it comes to money and wealth, what do you repeatedly do?


Financial security cannot be reduced to a simple formula. Like excellence, it is the result of your daily habits. An individual with high income who has poor daily habits will fail to find financial security. But a person with relatively low income can achieve financial freedom through the power of good habits. So what are the habits of wealth?


Hard Work
Hard work is the habit first among equals. Achieving financial security is often the result of consistent diligence. We’ve all heard of individuals who found wealth through inheritance or the lottery, and these stories are the most memorable. What we rarely hear about, however, is the school teacher who works hard for 40 years and, along with some of the other habits below, manages to save $1 million or more on a salary that never exceeds $50,000 per year. Hard work enables us to appreciate all the more the financial security that it produces.


Modest Living
This habit is the great equalizer. Modest living can produce great wealth on a modest income. In contrast, frivolous uncontrolled spending can result in financial turmoil for the highest paid among us.


Patience
Shortcuts born out of impatience lengthen the trip. With wealth, impatience often leads to decisions with dire consequences. Patience, however, should not be equated with inaction or passivity. Rather, practicing the habit of patience produces thoughtful, long-term decisions that can produce wealth while minimizing risk. Warren Buffett epitomizes the patient investor. His investing success is often the result of patiently waiting for the right time to buy a stock or a company.


Perseverance
If it were easy, everybody would do it. The fact is, obtaining financial security requires working through challenges. These range from the small, daily choices we make, which over time have a monumental impact on our finances, to the big money events in our lives that are the most memorable. Perseverance keeps us focused on our goals, and enables us to confront all challenges, big and small.


Balance
We are constantly bombarded with imbalance in the financial press. Either real estate beats stocks or stocks beat real estate, but rarely do we hear of a healthy balance of both. Balance in all aspects of our lives produces completeness in a way that obsession never will. But balance does not mean a lack of passion. To the contrary, balance in our relationships, work, finances and other areas of our lives enables us to pursue life with passion while remaining firmly rooted. In our finances, balance shows us the importance of living for today and for the tomorrows that come our way.


Self-Awareness
“I’m trying to find myself,” was a common refrain among teenagers when I was growing up. It was the best excuse we could muster for avoiding the realties of adulthood. But a healthy dose of self-awareness brings into focus the motivations behind the daily decisions we make. Self-awareness allows us to understanding what motivates us to spend money, what investments are best for us given our tolerance for risk, and ultimately what will produce contentment in our lives. Practicing the daily habit of introspection leads to self-awareness.


Learning
It’s what we don’t know that we don’t know that is most dangerous. The habit of life-long learning enables us to improve our careers, investments, and spending, as well as other areas of our lives. The older I get, the more I realize that learning is a process, not an event. As soon as we think we’ve got it all figured out, something comes along to remind us just how fragile our understanding can be. Make learning a daily goal, and your finances will thank you for it.


What do these habits teach us? In the words of Aristotle, they teach us that who we are and what we have is a result of what we repeatedly do. Wealth then, is not the result of an act, but the result of our habits.

Harness the power of compound interest !

From BIB John Jessup
Fellow & Future Improvers,

Compound interest has been called the eighth wonder of the world. And with good reason. It magically turns a little bit of money, invested wisely, into a whole lot of cash. Even Albert Einstein is said to have called it one of the greatest mathematical concepts of our time.
But you don't need to be a genius to harness the power of compound interest. Even the most average of Joes can use it to make money. Trust me.
Here's the gist: When you save or invest, your money earns interest, or appreciates. The next year, you earn interest on your original money and the interest from the first year. In the third year, you earn interest on your original money and the interest from the first two years. And so on. It's like a snowball -- roll it down a snowy hill and it'll build on itself to get bigger and bigger. Before you know it .... avalanche!
Harness the power
Here are three steps to help you make the power of compound interest work for you. And when I say "work FOR you," I mean it. Once I help you set up an account, you don't have to do much else. Just sit back and wait for the money to roll in.

1. Start young. When you're in your twenties and thirties, your best friend is TIME. Start rolling your snowball at the top of the hill and you'll have a much bigger mass at the bottom than someone who started halfway down.
Consider this: Denise, a 22-year-old college graduate, saves $300 per month into an account earning 10% per year for six years. (That's the average annual return of the stock market over time.) Then at age 28, she starts a family and decides to stay home with the children full time. By then, Denise had kicked in $21,600 of her own money. But even if she doesn't contribute another cent ever, her money would grow to a million bucks by the time she turned 65.
Compare that to Jason, who put off saving until he was 31. He's still young enough that becoming a millionaire is within reach, but it will be tougher. Jason would have to contribute the same $300 a month for the next 34 years to earn $1 million by age 65. Although Denise invested less money out-of-pocket -- $21,600 over six years vs. Jason's $126,000 over 34 years -- her money had more time to grow, or compound. If you are interested in saving a million for your retirement, let me know I will do the math for you.
Bottom line: Getting rich is easier and more painless the earlier you start.

2. Remember that a little goes a long way. You probably don't think you have enough money to start investing? You can get into a very good mutual fund for as little as $25 - $50 a month.
Let's say a 20-year-old stashes $50 a month into a fund earning 10% annually. He'd have $528,000 by age 65. Not bad for practically starting with pocket change!
A little bit can make a difference elsewhere in compounding, too. For example, if our 20-year-old earned 9% annually instead of 10%, he would amass only $373,000 in the same period of time. That seemingly small 1% difference in performance resulted in 29% less money over the long haul.
That's why, when you're young, you need to invest fairly aggressively. You should invest nearly all your money in stocks or stock mutual funds (as opposed to bonds and other conservative investments) in hopes of netting a bigger return. You'll certainly have ups and downs, but over the long-term, TIME (again, your best friend) will smooth them out for your benefit.

3. Leave it alone. The prospect of making a lot of money without doing anything sounds good on paper. But, admittedly, in practice, it can be maddening. Every time you receive your account statement, you watch your balance s-l-o-w-l-y inch up -- or even drop. How on earth are you ever going to get rich at this pace?
Investing is a lot like Heinz ketchup: Good things come to those who wait. You must be patient for compound interest to work its awesome power. Remember that as your money earns more interest, it'll earn even more interest. You certainly won't get rich overnight this way. But you will get rich if you start young, invest wisely and leave it alone.
A final note
If you invest or save in a regular, taxable account, Uncle Sam will want his share. So make sure you factor that into your saving goal. However, you can invest in tax-sheltered accounts and keep more of the money to yourself. As you know my favorite is the Roth IRA because all your money is tax-free in retirement.
And what about inflation? True, $1 million won't have the same purchasing power in 40 years as it has today, but that's all the more reason to start saving now! The examples above use flat contributions -- $50 per month, for example. But over the years, your income will rise, too. If you increase your savings with each increase in your pay, you'll give your money more fuel to compound, and you'll boost your spending power down the road.
Besides, having a million bucks in 40 years is better than not having a million bucks at all. Start as soon as you can and save what you can to let compounding work its magic.