Book Review

Greetings Everyone, I just finished reading Wealth Over Riches: Escaping the Paycheck to Paycheck Cycle, and I wanted to share my thoughts. Many often opt to use the education loophole to withdraw money from an IRA or Roth IRA to help pay for their children’s education. Again, I highly recommend using retirement withdrawals only for…

Ghana Sets Up Bond for the Diaspora

Greetings Folks, In a previous post, I addressed the hundreds of African Americans and Afro-Caribbeans who were granted citizenship to Ghana for the “Year of Return.” Well, I came across some additional news that’s tied to that. The following information comes out of Face2Face Africa and Business Ghana. Ghana will offer a $3 billion bond…

Dialogue With Dads: Financial Literacy

Greetings Everyone, Black Fathers Rock recently hosted another “Dialogue with Dads” forum, and it turned out to be a success. As I stated in a previous post, the purpose of this forum is to create a safe space for Black fathers (Black men in general) to come together and discuss things happening in our community, business…

The Racial Wealth Gap in America

I’ve been listening to a few conversations on wealth inequality here in America and decided to do some further research. Professor William Darity Jr. has been my go-to scholar on the subject, and I recently came across his break down from the Samuel DuBois Cook Center on Social Equity. It’s been advised that although Blacks constitute…

The Jamaican Dollar Declines

Greetings Folks, I came across some news earlier that I had to share with you all. This story comes out of LOOP Jamaica. The Jamaica dollar has apparently declined by $1.42 against the United States greenback. According to the trading summary of the Bank of Jamaica, it’s depreciated by $1.42 amount against the U.S. dollar….

How To Plan For The Future

Greetings Everyone, I came across an article from CNN that advised more people are saving up to $1 million in their retirement accounts through Fidelity. About 157,000 people have saved that amount into their 401(k)s, 148,000 people have saved that same amount in an IRA (Individual Retirement Account), and 2,400 people have saved that amount in both…

Going Dark

Greetings Good People, I came across an article from the Business Insider that advised that Toys R Us will be closing all of its U.S. stores this year due to liquidation. After getting over the initial shock of having an aspect of my childhood torn from me, I started to question whether this will happen to…

Words From The Wise: William A. Darity Jr.

“A very standard kind of claim by individuals who say that (and I think this is a false dichotomy) ‘class trumps race,’ is the claim that our patterns of wealth inequality probably track our patterns of income inequality. Well, no.” – Professor William A. Darity Jr.   Antonio Moore from ToneTalks first introduced me to the…