STAR JONES TALKS ABOUT HER BIGGEST FINANCIAL MISTAKE THAT ENDED UP BEING HER GREATEST LEARNING LESSON

By the time Star Jones graduated from law school at the University of Houston Law Center in 1986, she had $75,000 in student loan debt and all her credit cards were maxed out. “When I was in college, they were giving out all of those free credit card offers. It was like they were giving […]

STAR JONES TALKS ABOUT CAREER SUCCESS, MONEY AND CAPITALIZING ON DIVERSITY

When you think of Star Jones, you probably think of her as one of the hard-hitting hosts on the ABC hit daytime talk show The View, or her role as a spokesperson for such high-profile causes as the American Heart Association’s (AHA) National Go Red, or her highly successful legal career, which included a stint […]

IS YOUR COLLEGE DEGREE PAYING OFF IN TODAY’S JOB MARKET?

When Allison Goodwin entered law school at North Carolina Central University in 2008, she had no clue that three years after earning her degree she would still be without a job. While several industries took a big hit around the time of the economic downfall, few predicted that the lucrative law business would be drastically […]

MILLENNIAL WOMEN MUST START SAVING AND PREPARING FOR RETIREMENT

A recent study by Ameriprise Financial shows that millennial women are likely to feel stretched financially and are the most likely to have difficulty balancing the need to spend time managing money with other responsibilities. Here is part three of the conversation BlackEnterprise.com had with Suzanna de Baca, vice president of wealth strategies at Ameriprise […]

IS THE LATEST STOCK MARKET STORM OVER?

Stocks in the U.S. are higher after Tuesday’s surge, which proved to be the second largest daily gain for the year for U.S. indices. In what many traders are calling a ‘bad news is good news” scenario, stocks around the world are rising despite news out of China that the amount of goods the country […]

STOCK MARKET TIPS

There is no question that January was not for the faint of heart when it came to stocks. The Dow lost nearly 4%.  The S&P 500 lost about 3%, and the Nasdaq was down over 2%.  In addition, these were not nice orderly declines. There were several nail-biting days when the market moved up or […]

TIPS ON BUYING A FRANCHISE FOR YOU AND YOUR FAMILY

In the past decade, more couples are going into business together than ever before. According to theU.S. Small Business Administration (SBA)there are over 28 million small businesses in the US and of those roughly 22 million are self-employed individuals. But by some estimates around 3 million small businesses are coupled-owned. More and more couples are […]

BUYING VS. LEASING YOUR NEXT CAR

When it comes to buying and leasing cars, there’s no one-size-fits-all answer. There are a slew of details to consider before you decide whether to buy or lease: your budget, driving needs, lifestyle, cash on hand, and credit history–just to name a few. Leasing is similar to financing the purchase of a car, but there […]

PRESIDENT OBAMA PROPSES EXPANSION OF STUDENT LOAN DEBT FORGIVENESS PROGRAM

Do hefty student loan payments have you tightening your belt until the buckle is about to pop off? If you’re having difficulty paying off your student loans, help might be on the way. President Obama plans to enact regulations that would give close to five million federal direct student loan borrowers the chance to cap […]

HONDA TO PAY OUT $24 MILLION FOR DISCRIMINATORY LOAN PRACTICES

As part of an order after investigation of discriminatory auto loans by The Consumer Financial Protection Bureau (CFPB) and Department of Justice (DOJ), American Honda Finance Corp. will pay $24 million in restitution to affected borrowers. The parties agreed on a resolution that will also put new measures in place to address discretionary auto loan pricing […]

SMART WAYS TO SAVE FOR YOUR CHILDREN’S COLLEGE FUNDING

It’s Financial Literacy Month, the perfect time to take a closer look at the best way to plan financially for your children’s higher education needs. Dawn Brown, senior financial advisor at Altfest Personal Wealth Management, advises parents to think along two tracks: savings and financial aid. “The optimal time to start college planning is at […]

THE GROWING FORCE OF BLACK WEALTH

If you believe what you see and hear in the media about the state of black wealth in the United States you will likely feel a sense of hopelessness. There is endless reporting on issues such as the income gap or the fact that household wealth among blacks is only a fraction of that of whites. […]

A CLOSER LOOK AT THE PAY GAP BETWEEN BLACK WOMEN AND THE REST OF THE WORK FORCE

We’ve all heard this scary statistic about the pay gap between men and women: Women earn about 77 cents for every dollar that a man makes. For black women, however, that gap is more like a gulf. According to the National Women’s Law Center, African American women earn 64 cents for every dollar paid to […]

WHAT WILL HIGHER RATES MEAN FOR FUTURE HOMEBUYERS AND HOMEOWNERS?

There were no surprises when Federal Reserve policymakers Wednesday released their statement after a meeting which was expected to provide insights as to when they will raise interest rates. Fed watchers still expect the central bank to begin a gradual rate increase as early as September. Fed Chairman Janet Yellen has made it clear that […]

SELF TAUGHT CHEF TURNS HIS PASSION INTO BIG BUSINESS

When it comes to monetizing your passion there are many paths to success. For Omar Walters, it was simply eating good food as a child and cooking meals for his friends as an adult. With no formal culinary training Walters opened Omar’s Kitchen, a unique dining experience situated in a loft located in Tribeca, one […]