George Fraser: Networking Your Way to Success

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When networking for a new position, it is important to start with a comprehensive list of everyone in your desired field. For example if you’re Black, think of Blacks first, because of the cultural and sociological connection, but don’t limit it to any one group. Use professional directories, newspaper clippings and specialized publications for leads […]

Black Economic Gains Wiped Out During “The Great Recession”

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Your Black World. Before the recession hit in 2008, millions of African Americans had found their way out of poverty and into the middle class.  After the recession, many of them have been knocked right back to where they came from.  Black unemployment stands at a staggering 16.2 percent after the latest economic report, and […]

Ryan Mack: When He Comes to You for Money, Tell Ray-Ray to Get a Job

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Written By Ryan Mack, President of Optimum Capital Management, LLC Too many times in family communities across the country those who have become comparatively financially successful are unknowingly volunteered to become the “universal provider” within their family circle. I should stress the word “comparatively” because many times those who are MORE successful within a family […]

Dr. Boyce Video: Not Letting the Power of Money Control You

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by Dr. Boyce Watkins As a Finance Professor, I’ve spent a lot of time thinking about and learning the power of money.  I began studying money in college because I never had very much growing up.  My parents worked hard to provide a good living and experienced social mobility through time, but we were definitely […]

Hispanics Outnumber Blacks, Make More Money

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by Ayvaunn Penn, Your Black World Recent findings from the Census Bureau say that Chicago — the third largest city in the United States — has lost 17% of its black population over the last ten years while the Hispanic population has gone up by 3.3%. According to reports fromBloomberg, ”demographers and political analysts say Hispanics […]

It May Soon Become More Difficult For You to Buy a Home

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Last year, most Americans who took out a mortgage spent more than a third of their income paying down the debt.  The federal government hopes to reverse this disturbing trend by asking borrowers to meet higher standards in order to become eligible for loans.  In a controversial announcement, government officials are proposing to tighten up lending […]

Family Gets Rid of Mortgage, Moves Into 320-Square Foot Home

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Debra and Gary were like millions of other Americans, tired of having a mortgage. The couple worked four jobs in order to get by and found that even with all of their extra effort, they were still struggling in order to make ends meet. So, rather than continue with the rat race that is so […]

Yes, Bill Collectors May Be Following You on Facebook and Twitter

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by Ayvaunn Penn,YourBlackWorld.com People these days have no qualms about walking around naked — even in front of strangers. If you beg to differ, naked is what you might as well be when you strip yourself of all of your privacy via the internet — the latest fashion these days. Privacy is so last season, but I […]

Ben Chavis Gives Advice on Building Black Wealth

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The first place to end poverty is in your own mindset. If you believe that you are supposed to live in an unending state of poverty and hopelessness, then that is exactly where you will continue to find yourself. It is, therefore, refreshing to witness President Barack Obama and the U.S. Department of Commerce place a […]

Five Steps to Pay Off Your Student Loans

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This year’s college graduates will get a lot of advice over the next few weeks from a parade of commencement speakers. Find your passion. Believe in yourself. Take risks. But here’s something graduates probably won’t hear from the dignitary at the podium: Pay your student loans. That’s too bad, because the consequences of defaulting on […]

Prominent Black Businessman Don Barden Dies

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From The Grio DETROIT (AP) — Don Barden, a prominent Detroit businessman involved in casinos, cable TV and real estate, has died, the mayor’s office said Thursday. Barden had been sick for a few years, said Karen Dumas, a spokeswoman for Mayor Dave Bing. She had no other details on his death. Barden’s wife, Bella Marshall, […]

The Obamas Reveal How They Manage Their Investments

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Your Black World Reports Yes, that’s right! According to CNN Money, “The president and First Lady reported no debts.” Many people are curious and want to know what’s up with the first family and their funds. So, let me tell you how the Obamas make their green backs work for them. Based on a financial […]