Simple, straightforward strategies that everyday Americans use to retire with several million dollars.
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The best strategy that I have heard for saving money is paying over and above on the mortgage payment to reduce the principal and pay off the mortgage early
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Robots, while very much imperfect, are moving up in the world. Labor shortages and rising wage costs are breathing life into a new generation of robots that can handle basic tasks, from delivering pizza to sorting prescription drugs, fixing a tire or providing room service in a hotel.
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MENTORS
STEVE JOBS- “RELYING ON THE COLLECTIVE BRILLIANCE OF THE PEOPLE WHO SURROUND YOU!” – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
When you think about the best leadership skills and traits to emulate for yourself--like those of Steve Jobs and other iconic founders--which come to mind? Confidence? Vision? Strategy? For Jobs, it was relying on the collective brilliance of the people who surrounded him.
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MENTORS
IN 1866, DR. REBECCA LEE CRUMPLER BECAME THE U.S. FIRST BLACK FEMALE DOCTOR – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! WEDNESDAY'S “A Rainbow of Role Models,” I do not see race, skin color, religion, sex, attractiveness (ok, I do like beautiful ladies), age, or any other nonsense. I love learning from inspirational people that inspire me to drop MY EXCUSES and JUST DO IT! Role models who stretch my ambitions and model GIVING BACK! There is dignity in achievement and success—in becoming a great factor in civilization.” Carter G. ...
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America is still the land of opportunity. Most millionaires do it through consistent investing, avoiding debt like the plague, and intelligent spending—NOT lottery tickets and inheritances.
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. Click below to play: Today's Podcast Created With Alphabet’s Notebook - LM "SOAD" (Sitting On Ass Disease) refers to laziness and lack of ambition. The podcast uses humor and examples to encourage individuals who are complacent and passive, urging readers to prioritize hard work and personal responsibility. It encourages readers to break free from their comfort ...
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Historically, Caltech required applicants to have completed high school calculus, physics, and chemistry courses. However, the university has eliminated these prerequisites in response to concerns about the unfairness of these requirements for students from less advantaged backgrounds. I
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Retirement has transitioned from pensions, savings, and Social Security {S.S.} to a few pensions, at-risk S.S., and, worst case, 100% dependence on your savings.
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John D Rockefeller became one of the wealthiest Americans in history by taking control of the newly born oil industry. He studied safe and smart business practices that ultimately helped him gain control over most of the industry by the time he turned 40 years old.
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. THE COST OF CHILDCARE IS ON "CRACK"! I was shocked when a friend told me his family is paying close to $3,000.00 monthly for childcare. SAY WHAT!!!! This is more than my last mortgage payment! Amanda celebrating her birthday with Mom and friends at Day Care. I cannot recall what we paid for Amanda’s childcare, but it did not ...
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MENTORS
DR CAROL SWAIN: FROM A HIGH SCHOOL DROPOUT AND TEENAGE MOTHER TO AN ACCOMPLISHED UNIVERSITY PROFESSOR! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
Read MoreDisclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. "The best education you can get is investing in yourself.” Said a man who knows -Mr. Warren Buffett. FREE AND INEXPENSIVE EDUCATION RESOURCES There's a whole world of inexpensive and even FREE self-education out there. Some of my favorite sources: Photo by Ivan Bertolazzi on Pexels.com The Public Library. If you see an attractive person in there, say hello. ...
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MENTORS
Dorie Miller: A WW II Role Model of Valor – Despite facing discrimination and adversity, Dorie Miller remained steadfast in protecting his country, inspiring all who heard his story. A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. Photo by Anna Nekrashevich on Pexels.com Maximizing Your 401-k Most Americans will not achieve a $2.5 Million 401-K balance. We are NOT MOST PEOPLE! About 69% of employees have access to retirement plans through their employer, BUT 25% chose not to contribute one dollar! Eight percent only save their company’s default amount, on average, about six percent. Twenty-four percent contribute ...
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MENTORS
Nathan “Nearest” Green: The Former Slave Behind Tennessee Whiskey – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. If you prefer the podcast version, click below. "Doing the same thing over and over and expecting a different result, the definition of insanity" Rita Mae Brown Lowering standards fails to ensure people acquire the knowledge, skills, and competencies to succeed. Unfortunately, universities and others are lowering standards for African Americans. This will NOT close the decades-long ...
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MENTORS
How An African American Woman, Fawn Weaver, Revolutionized the Whiskey Industry – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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Now that I’m in high school juggling responsibilities like school, work, friends and family, college applications, and pandemic stress, I still take refuge in books. I often turn to stories that work through a struggle or theme I’m dealing with in my own life. They give me a safe space to reflect and process, help me gain perspective, and make me feel understood"
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MENTORS
FROM A MINIMUM WAGE DISHWASHER TO A NETWORTH >$80 BILLION – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people that inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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n this column we will explore a means by which you can conduct a self-assessment and begin the process of improving your ability to learn as a student and as an employee.
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MENTORS
TODAY’S ROLE MODEL SPENT HIS EARLY YEARS RAISED BY DRUG DEALERS AND BECAME A HARVARD PROFESSOR! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. Congratulations, Class of 2024 Screenshot In 2013, the FIRST Black President of the United States gave a commencement speech at Morehouse College. President Obama’s presence reminded us how far we've come as a nation and how you can exceed your dreams. Set your goals high. In my opinion, this is his best speech! A FEW EXCERPTS - SEE ...
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MENTORS
Vietnam helicopter pilot’s heroics earn ‘long overdue’ Silver Star – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. Their Million-Dollar Savings Blueprints I asked friends who are great savers to share their tips for saving. The parents in this group shared their advice and lessons learned with their kids. Hopefully, you find strategies that resonate. Saver 1: The youngest contributor is 30 and well on her way to that first million. Photo ...
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MENTORS
NAT KING COLE – “THE BEST FRIEND A SONG EVER HAD” – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. Photo by Oleksandr P on Pexels.com https://youtu.be/kc352nZCkuE IN 60 SECONDS - K-12 SCHOOLS CAN HELP STUDENTS MANAGE MONEY AND CREATE WEALTH! Preparing Our Youth for Financial Independence: The Role of K-12 Education Photo by Max Fischer on Pexels.com Between high school and college, I sat through hundreds of hours of courses (SEVERAL BORING), but very little was taught ...
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MENTORS
How Super Soaker Inventor Lonnie Johnson Doused The Competition – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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FINANCIAL LITERACY
ONLY THE WEALTHY AND FOOLS DO NOT OBTAIN LONG AND SHORT-TERM DISABILITY INSURANCE
Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. https://youtu.be/Cr2zpJrStQw DISABILITY INSURANCE IN 60 SECONDS Photo by RDNE Stock project on Pexels.com Empower Your Financial Well-being: Prioritize Long and Short-Term Disability Insurance Without Delay! I retired for health reasons at the age of 57. It was unexpected, BUT I was thankfully prepared. I had private short- and long-term disability insurance. I also received monthly Social Security Disability payments. ...
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MENTORS
WE SHOULD ALL KNOW WHO MARINE RAIDER FRANK WRIGHT IS – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. https://youtu.be/bLXwlB4WNzM MASTERING ACCOUNTABILITY IN 60 SECONDS! YOU NEED ACCOUNTABILITY BUDDIES Between working, parenting, social media, on-demand, and live TV with hundreds of channels, and maybe a few hours of sleep, we live in a world where distractions stop us from achieving our key goals. On average, seventy-five percent of people give up on their goals by the ...
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Now that I’m in high school juggling responsibilities like school, work, friends and family, college applications, and pandemic stress, I still take refuge in books. I often turn to stories that work through a struggle or theme I’m dealing with in my own life. They give me a safe space to reflect and process, help me gain perspective, and make me feel understood"
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. SLOW AND STEADY BEATS HOPE! - AESOP’S FABLE: THE HARE AND THE TORTOISE It has been decades since I first heard this tale. The hare didn't lose the race because of the tortoise: He lost the race because of himself. His arrogance and self-confidence defeated him. The moral of the Story: Slow and steady wins the race! There is always ...
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Indians should look to Britain for guidance on how a merit-based society works, and how minorities are treated as equals
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. Photo by Tima Miroshnichenko on Pexels.com April is National Financial Literacy Month. It is needed more today than ever. TODAY’S REALITY The U.S. is > $34 Trillion in Debt Social Security and Medicare are running out of funding. Life expectancies are almost 20 years longer than when social security was established. The majority of private employers do NOT offer pensions. Americans are ...
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MENTORS
THE UNBREAKABLE BOND: THE PROFOUND SIGNIFICANCE OF THE FRIENDSHIP BETWEEN BILL GATES AND WARREN BUFFETT – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Warren Buffett talked about [how], in the end, it’s how friends really think of you and how strong those friendships are [that matters],”
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
THE VERY DEFINITION OF INSANITY – POLITICIANS’ FALSE PROMISES TO CLOSE THE EDUCATION, HEALTH, AND WEALTH GAPS BETWEEN RACES
"Today, more black Americans are more likely to enter a church to attend a funeral than they are to celebrate a wedding.
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The worst waste of time is arguing with the fool and fanatic who doesn't care about truth or reality but only the victory of their beliefs and illusions.
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MENTORS
A Soldier’s Secret: The Remarkable Life of Sarah Rosetta Wakeman, Alias Pvt. Lyons Wakeman, 153rd Regiment, Civil War, Union Army – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
“Sarak Rosetta Wakeman was an American female soldier who served in the Union Army during the American Civil War under the male name of Lyons Wakeman.
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FINANCIAL LITERACY
“Unconventional Paths to $400,000 Careers: No Degree Needed!” A WEALTH BUILDING POWERS YOUTUBE SHORT
Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. "Unconventional Paths to $400,000 Careers: No Degree Needed!" https://youtu.be/6tz2TsiTFt8?si=wGfQ8wLpFUXaSDuW WHAT SUBJECTS DO YOU WANT TO READ/LISTEN TO NEXT? WHAT QUESTIONS CAN I ANSWER? UNTIL NEXT TIME! LET’S MAKE SOME MONEY – CRYPTOCURRENCY IS ACCEPTED! YOUR GREATNESS IS NOT WHAT YOU HAVE; IT’S WHAT YOU GIVE! CHARITIES I SUPPORT St Jude Hospital: The mission of St. Jude Children’s Research Hospital is to advance ...
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n this column we will explore a means by which you can conduct a self-assessment and begin the process of improving your ability to learn as a student and as an employee.
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INVESTMENTS
“MUHAMMAD ALI TAUGHT – BUILD BRIDGES BETWEEN PEOPLE NOT WALLS” – TODAY’S YOU-TUBE SHORTS
Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. "MUHAMMAD ALI TAUGHT - BUILD BRIDGES BETWEEN PEOPLE NOT WALLS" https://youtu.be/aACFp1_w0-A?si=1JDrAl_OB1wiADPx MY HERO - MUHAMMAD ALI A man I cherished as a kid, the THREE Time World Heavyweight Champion Muhammad Ali. I grew up in the segregated South, where being black and proud could get you killed. Suddenly, I and millions worldwide can hear this black man proclaim I ...
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MENTORS
The Hidden Hero: Henrietta Lacks’ Unforgettable Contribution to Medicine – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
In total, it's estimated that HeLa cells have saved over 10 million lives. Dr. Salk and many other famous researchers utilized Henrietta Lacks cells to make their discovery."
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FINANCIAL LITERACY
Caught in the Trap: How Skyrocketing College Tuition is Crippling Students’ Futures
I worry about the younger generation facing mounting college loan debt. Many failed to earn a degree, or worse, graduated with an almost meaningless piece of paper that yields jobs paying less than Amazon warehouse employees..
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MENTORS
“Use my life as an example” – Nate Thurmond once encouraged aspiring professional athletes to get a GOOD EDUCATION”. – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
"I would tell them not to think that just because they have the desire, they will automatically become a professional sports figure,
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All over the world, adult children support their parents and families when they have the means. But this significantly impacts the personal finances and wealth accumulation of those burdened.
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. WARREN BUFFETT'S HERO - CHARLES FEENEY - 60-SECOND YOUTUBE SERIES https://youtu.be/IFjiI1UgZWM?si=vAJ5llAcn0fU5b_N WHAT SUBJECTS DO YOU WANT TO READ/LISTEN TO NEXT? WHAT QUESTIONS CAN I ANSWER? UNTIL NEXT TIME! LET’S MAKE SOME MONEY – CRYPTOCURRENCY IS ACCEPTED! YOUR GREATNESS IS NOT WHAT YOU HAVE; IT’S WHAT YOU GIVE! CHARITIES I SUPPORT TRUST ME – YOU WILL LOVE THE BELOW ...
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MENTORS
Charles Feeney – Warren Buffett and Bill Gates’ Hero – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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DO NOT listen to friends, family your best buddies, etc. that have the equivalency of your financial literacy or even less.
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FINANCIAL LITERACY , INTERVIEW
TODAY’S 60 SECOND YOU-TUBE: One Dad’s Journey, From Abandonment to Nurturing Millions
Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. TODAY'S VIDEO: One Dad’s Journey From Abandonment to Nurturing Millions of Fatherless Kids and Adults! My favorite title is Dad! I love hearing my daughter, Amanda say I Love You Dad! Rob Kenny was born to be a dad and created a you-tube channel to help those without a father-figure. Millions have watched his YouTube channel. https://youtu.be/Q4tC-CpzfD8 CLICK ...
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I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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They do just enough not to get fired. This has been going on since Adam and Eve hired gardeners.
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MENTORS
The Town of Little Mound Bayou Became a Powerful Engine for African American Civil Rights and Economic Advancement – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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WARREN SAYS – “FRIENDSHIPS MATTER”
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MENTORS
THOMAS CANNON, AN ORDINARY AND THANKFUL MAN WHO GAVE >$156,000.00 – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to DROP MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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FINANCIAL LITERACY
REBUILDING – NOT DESTROYING – THE BLACK FAMILY SHOULD BE THE TOP PRIORITY FOR PEOPLE WHO CARE ABOUT RACE AND EQUALITY.
n this column we will explore a means by which you can conduct a self-assessment and begin the process of improving your ability to learn as a student and as an employee.
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MENTORS
Sheila Johnson, the First Black Female Billionaire, Keeps Reinventing Herself – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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FINANCIAL LITERACY , INVESTMENTS , MENTORS , SAVINGS
HELP YOUR KIDS, FAMILY, AND FRIENDS – TALK A LOT MORE ABOUT MONEY!
Money, investments, and wealth creation are a reality and a good thing to discuss. We turned a conversation about money into something EVIL. WHY? We equate it to standing in church and broadcasting you have a sexually transmitted disease!
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MENTORS
Josephine Baker – “The most sensational woman anybody ever saw. Or ever will.” ERNEST HEMMINGWAY – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
She overcame immense adversity and racism to become a renowned entertainer, civil rights activist, and international icon.
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. MY UNCLE AND ROLE MODEL - LESLIE BONEY A SUCCESS WELL EARNED! A successful man I frequently write about is my beloved Uncle Nathaniel, but today, I am shifting the spotlight to his older brother, Leslie, affectionately known as “Junior” Boney. Uncle Junior was a remarkably successful man who cared immensely for his family. As a child, I ...
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It’s easy to see why. Buffett is far more than the CEO of Berkshire Hathaway. He is arguably America’s most famous, beloved, and trusted investor.
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FINANCIAL LITERACY
SHE LOST $200,000.00! HOW TO PROTECT YOUR WEALTH, BOOST YOUR FINANCIAL LITERACY, AND HAVE FUN ALONG THE WAY!
Maximize Your Financial Potential: A Guide to Wealth Building and Financial Literacy Through Fun By Reading and Video
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The genius was for speaking the voice of America," said Ron Powers in Ken Burns' documentary, Mark Twain.
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Bill Clinton is a listening role model; that is his superpower! People who met the former President say he gives you his full attention when you speak. “It’s like you are the only person in a crowd around him.”
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I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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n this column we will explore a means by which you can conduct a self-assessment and begin the process of improving your ability to learn as a student and as an employee.
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MENTORS
Unveiling William Claytor {1908-1980}: Pioneering a Future in Mathematics Education as a Black Trailblazer – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
His groundbreaking achievement shattered barriers and paved the way for future generations of minority mathematicians and STEM majors
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Now that I’m in high school juggling responsibilities like school, work, friends and family, college applications, and pandemic stress, I still take refuge in books. I often turn to stories that work through a struggle or theme I’m dealing with in my own life. They give me a safe space to reflect and process, help me gain perspective, and make me feel understood"
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MENTORS
Against All Odds: Tom Wiggins’ Journey from Slavery to Inspiring Elton John – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Blind Tom’s musical abilities were extraordinary. After hearing them just once, he displayed an ability to mimic complex melodies, and he swiftly mastered a vast repertoire of music spanning multiple genres.
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Now that I’m in high school juggling responsibilities like school, work, friends and family, college applications, and pandemic stress, I still take refuge in books. I often turn to stories that work through a struggle or theme I’m dealing with in my own life. They give me a safe space to reflect and process, help me gain perspective, and make me feel understood"
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MENTORS
FROM POVERTY TO ACCLAIM: THE EXTRAORDINARY LIFE OF ECONOMIST DR. THOMAS SOWELL – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Sowell thought the key to black achievement was not special treatment or government intervention, but access to rigorous and high-quality education and a careful fostering of the values of hard work and individualism.
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. https://youtu.be/bl3kvka-gvg Click on the above video or read the blog text below. As we approach the end of 2023, I will answer a much-repeated question: How do you become a millionaire? Here is the most straightforward path I know and used to achieve financial freedom. FOUR GOLDEN RULES TO WEALTH EDUCATION: Finish High School and then build your competency ...
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MENTORS
BARBARA BUSH, THE FIRST LADY OF THE GREATEST GENERATION – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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n this column we will explore a means by which you can conduct a self-assessment and begin the process of improving your ability to learn as a student and as an employee.
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. CHARLIE MUNGER, VICE CHAIRMAN OF THE BOARD, BERKSHIRE HATHAWAY - TODAY'S ROLE MODEL Click to see the short video. https://youtu.be/j4NqQsQh0EE Charlie Munger died on November 28, 2023, at 99. As the Vice Chairman of Berkshire Hathaway Inc., Munger played a pivotal role in the company's success, with Buffett acknowledging his indispensable contribution, stating, "Berkshire Hathaway could not have ...
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It is neither too early nor late to teach their kids about money and investing and strengthen their odds! I don’t care if they are two or 32; help them build a better future.
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I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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FINANCIAL LITERACY , MENTORS
MOM/DAD, CAN YOU SPARE FIFTEEN MINUTES A DAY TO HELP YOUR KIDS LEARN? FIFTEEN MINUTES – THAT’S ALL, FOLKS!
administrators focus almost exclusively on school improvement, fixating on the 13% of waking hours kids spend in classrooms.
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MENTORS
Trailblazing NASA “Hidden Figure” and Black Mathematician Evelyn Boyd Granville Helped Land the First Americans on The Moon. – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
In the early 1960s, she became part of the team that calculated trajectories for the historic Mercury-Redstone 3 mission, successfully launching astronaut Alan Shepard into space, making him the first American in space.
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MENTORS
THE IMPACT OF ABSENT BLACK FATHERS: WHY IT’S TIME FOR BLACK CELEBRITIES TO SPEAK UP AND CARE!
Approximately ~73% of African American kids begin life at a disadvantage because too many dads are missing BY CHOICE.
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WE PAY $50 MILLION/YEAR FOR A BASKETBALL PLAYER AND <$50,000,00/YEAR FOR A TEACHER! And wonder why crime, homelessness, mental illness, incarceration, poverty, poor-performing schools, worse performing students are on the rise!
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FINANCIAL LITERACY , INVESTMENTS , MENTORS , SAVINGS
DOLLAR-COST AVERAGING CREATES WEALTH! LET’S GET STARTED!
WarrenBuffett said that he, longtime business partner Charlie Munger and other Berkshire Hathaway executives have long used this strategy because it has a higher chance of a return, and it alleviates some of the pressure of trying to predict the stock market.
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MENTORS
“The Bob Knight, you probably didn’t know. ‘Like no one I ever observed’ – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! When I discover role models, I do not see skin color, age, religion, sex, attractiveness (ok, I like beautiful ladies), or other nonessentials. I love learning from inspirational people who inspire me to drop MY EXCUSES and DO IT! Role models who stretch my ambitions and make me reach for the impossible. There is dignity in achievement and success—in becoming a great factor in ...
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. U.S. ECONOMY - WOBBLING LIKE A GAME OF JENGA The U.S. economy is like a high-stakes game of Jenga. While the FED is the maestro of the game, they do NOT control all the blocks! The nation's economic stability relies on a delicate balance of various factors represented by individual Jenga blocks. Each reflects ...
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MENTORS
A POWERFUL COMMUNICATOR – DR. VODDIE T. BAUCHAM, JR. – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Voddie is known for his ability to demonstrate the Bible’s relevance to everyday life without compromising the centrality of Christ and the gospel. Those who hear him preach find themselves both challenged and encouraged.
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
ONE SIMPLE CHOICE SEPARATES WINNERS FROM – THE REST OF YOU!
Buffett advises young and old to not allow fear to limit them from accomplishing the things they need to do to become successful.
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MENTORS
Larry Bird Explained Why He Never Liked Spending A Lot Of Money: “I Don’t Need Anyone To Build My Ego.” A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
"It’s the same with nice cars, Mercedes and all that. I can’t see putting $50,000 or $60,000 into a car when our house growing up was worth $10,000
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From Student to Skilled Worker: How Community Colleges and Trade Schools Transform Lives
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MENTORS
FROM SLAVE TO ADOPTED GODSON OF THE RUSSIAN EMPEROR: THE REMARKABLE LIFE OF ABRAM PETROVICH GAMMIBAL – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Peter the Great, the Russian Emperor. Peter was impressed by Gannibal’s intelligence and education, and decided to free him and adopt him as his godson. Gannibal was given the name Abram Petrovich Gannibal, after the biblical character Abraham, and was raised in the court household of the Emperor.
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From 1970 to 2020, college costs increased by 1,510% compared to a cumulative inflation rate of approximately 766.5%.
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MENTORS
Kareem Abdul-Jabbar has been nominated for an Emmy for his narration on the HISTORY Channel documentary Black Patriots: Heroes of the Civil War – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Abdul-Jabbar has been nominated for an Emmy for his narration on the HISTORY Channel documentary Black Patriots: Heroes of the Civil War.
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Investing in the S&P 500, a stock market index that includes the 500 largest publicly traded companies in the U.S., is a great strategy to achieve financial freedom.
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MENTORS
SEEING YOURSELF IN YOUR ROLE MODELS IMPROVES YOUR ODDS OF SUCCESS! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
When children see role models who look like them, they are more likely to believe they can achieve great things.
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In many ways, sacrifice arguably matters more than drive, determination and discipline because it's all of those in practice and oftentimes, at its extreme.
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MENTORS
BLACK BILLIONAIRE ROBERT SMITH CREATES A PIPELINE TO HELP MINORITY STUDENTS LAND PAYING COLLEGE INTERNSHIPS – RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
on average, only 6.6 percent of Black students and 7.9 percent of Latino students have participated in paid internships, compared to 74 percent of white students
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The Work-Wealth Connection: How Hard Work Leads to Financial Success"
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MENTORS
PATRICK WINSTON, A RESPECTED MIT PROFESSOR “KEYS TO YOUR SUCCESS” -A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
"Your success in life will be determined largely by your ability to speak, your ability to write, and the quality of your ideas, in that order."
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About 25 years ago, I purchased Apple stock. The reasons to buy Apple stock today are even better!
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MENTORS
BLUE-COLLAR STEM WORKERS – GOOD-PAYING JOBS WITHOUT AN ADVANCED DEGREE OR SIX-FIGURE DEBT! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Their jobs are considered blue-collar, or “skilled technical” STEM positions — those under the science, technology, engineering and mathematics umbrella that don’t require four-year college degrees, but do still demand a certain level of technical training.
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Over the past couple of years, the skill of engaging remote teams composed of different generations has become critical for companies and teams to avoid the “Great Resignation” that has led to decreased team engagement.
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MENTORS
MIKE ROWE – WORK ETHIC IS NEEDED MORE THAN EVER! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Rowe said 7 million able-bodied men between the ages of 25 and 40 are not only not working but also aren't even looking for a job.
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A Roadmap to Retirement: Steps We Took That Secured Our Future
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MENTORS
MUHAMMAD ALI DELIVERED AN IMPACT ON THE WORLD AND A SMALL-TOWN BLACK BOY! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Muhammad Ali taught me to be a proud black man who keeps moving forward.
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Saving money regularly helped me develop good financial habits I continue to utilize today and pass on to my daughter.
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MENTORS
Why Jimmy Pattison is a Role Model for Entrepreneurs Everywhere – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Jimmy Pattison's life and career inspire many people who aspire to succeed through hard work, perseverance, and a commitment to positively impacting the world.
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You contribute to a HAS with pre-tax dollars and NEVER pay taxes for money withdrawn for qualifying medical expenses. You reduce your taxable income each year based on the dollars of contributions you made.
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MENTORS
J. Robert Oppenheimer Saved The World By Putting Its End In Reach – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
As scientists today grapple with issues such as climate change, genetic engineering, and artificial intelligence, they can find inspiration in Oppenheimer's commitment to harnessing knowledge for the greater good.
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The average person spends 730 hours annually on social media platforms like TikTok, YouTube, Facebook, Instagram, Twitter, etc. The average individual spends about six hours/year learning about 401K Plans, Owning a Home; IRA; ROTH IRA; Federal Reserve; S&P 500, ETF, and much more.
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MENTORS
How Green Beret Colonel Paris Davis’ Teammates Fought The Pentagon for his Medal of Honor – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
“As I anticipate receiving the Congressional Medal of Honor, I am so very grateful for my family and friends within the military and elsewhere who kept alive the story of A-team, A-321 at Camp Bong Son,” Davis said in a statement when the news broke on Feb. 13 that he would receive the medal. “I think often of those fateful 19 hours on June 18, 1965 and what our team ...
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FINANCIAL LITERACY
Charting Your Financial Future: How to Escape the Vicious Cycle of Student Debt and Low Income {With – Agnes Powers}
Colleges started getting expensive when society started pushing “college for everyone,” and student loans became easy to obtain. I don’t believe that everyone should go to college. Colleges would not be so expensive if fewer people borrowed outrageous amounts to attend college.
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MENTORS
The Heroic Story Of Carl Brashear, The First Black Master Diver In The U.S. Navy – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
“I was able to turn tragedy into triumph, even with the dirt I had on me the dirt of racism, the dirt of prejudice, the dirt of discrimination, the dirt of doubt, the dirt of disbelief. I had it all on me but I had the ability to shake it off and raked it under my shoe until I was able to step over adversity.”
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Investing for a Better Future: A Guide to Creating a Fun and Educative Family Investment Club
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the inspiring story of how a man born into slavery transformed himself into one of the most prominent statesmen and influential voices for democracy in American history.
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FINANCIAL LITERACY
CAN YOU HANDLE THE TRUTH? PAYING MINIMUM PAYMENTS ON THE AVERAGE U.S. CREDIT CARD BALANCE WILL TAKE ~27 YEARS TO PAY OFF THE BALANCE!
A two percent minimum payment at today’s interest rate of 18% annually takes 26 years and ten months to pay off the $5,800.00 balance, with total interest charges of $9,752.70.
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MENTORS
Father builds a $35 Million theme park for daughter with special needs—it’s FREE for people with disabilities! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
“It’s a park for 100 percent of the people, not one for 90 or 80 percent of them, it’s for everybody, no matter how acute their special need may be,
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FINANCIAL LITERACY
The Cost of Not Negotiating: How Women Can Earn $1 Million More Over Their Careers
Now that I’m in high school juggling responsibilities like school, work, friends and family, college applications, and pandemic stress, I still take refuge in books. I often turn to stories that work through a struggle or theme I’m dealing with in my own life. They give me a safe space to reflect and process, help me gain perspective, and make me feel understood"
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MENTORS
ANDREW CARNEGIE BROUGHT BUSINESS SKILLS TO CHARITY! – RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
“Andrew Carnegie was the richest man in the world. But he didn't want to claim the title for long. Instead, the business titan decided to give away his money. He spent the last chapter of his life donating almost all his wealth.
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One root cause of minorities scoring lower in college admittance exams is the time different racial groups spend studying.
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MENTORS
NFL STAR CHAD OCHOCINCO SAVED 80% OF HIS MONEY BY FLYING COACH AND WEARING FAKE JEWELRY! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
The former Cincinnati Bengal, New England Patriot and Miami Dolphin was known for being a diva on the field but was financially conservative when he took off his jersey. He wore fake jewelry from Claire's and prefers to fly coach instead of private.
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REAL ESTATE INVESTMENTS
Homeownership Made Easy: Everything You Need to Know About Homebuyer Assistance Programs
Programs currently available to first-time homebuyers, are typically offered by local or state government agencies and have specific eligibility criteria to qualify.
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MENTORS
A JANITOR IN VERMONT BUILDS AN $8 MILLION FORTUNE WITH THREE SIMPLE HABITS! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Read didn’t have the type of career path you’d typically associate with a multimillionaire. So how did he pull it off? Here’s a closer look at the three simple techniques that made him so wealthy.
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
TO RAISE SMART, FINANCIALLY SECURE ADULTS, READ TO YOUR KIDS STARTING AT BIRTH (EVEN BETTER – BEFORE BIRTH) {YEP-THEY ARE LISTENING}
Reading interest and ability, has been linked to all sorts of wonderful things – more complex vocabulary, greater socio-emotional depth, success in school, and in life.
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MENTORS
WARREN BUFFETT- How big is your bank account? In the end, it doesn’t matter. – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Buffett raises the bar of success to a level that most of us are actually able to reach, if we put in the work. It will take, however, a willingness to serve humanity and do good in the world so that others will remember you not by the size of your bank account, but by the size of your heart
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Successful people read. And I mean, they read A LOT! But there is an equally important reason to read - JOY!
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In 1976 Ed Bradley became the first black White House correspondent for CBS news. Because Ed Bradley earned numerous prestigious journalism awards, he joined the CBS news show 60 Minutes in 1981.
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REAL ESTATE INVESTMENTS
CONGRATULATIONS! YOU’RE A FIRST-TIME HOMEBUYER {NEW HOME BUYERS – PART SIX OF SIX}
Time to start shopping for a home that meets your need.
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MENTORS
ONE HUNDRED AND FIFTEEN YEARS AGO, MS. MARIE C BOLDEN, A 14-YEAR-OLD BLACK GIRL, WON THE FIRST NATIONAL SPELLING BEE! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
If you haven't heard about the Black girl who won the first national spelling bee in the U.S. 115 years ago, you're not alone: even many in her family didn't know about Marie C. Bolden's feat until after she died decades later.
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REAL ESTATE INVESTMENTS
UNLOCKING SUCCESS: WHY I’M STILL INVESTING IN HOMES DESPITE RIDICULOUS PRICES! {NEW HOME BUYERS SERIES FIVE OF SIX}
Over the past decade, the median-priced home in the U.S. gained $190,000 in value, making the typical homeowner 40 times wealthier than if they had remained a renter
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MENTORS
Abraham Buckner Makes History As First Black Valedictorian at High School In 156 Years – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
After 156 years, an Illinois school has graduated its first African American valedictorian.
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REAL ESTATE INVESTMENTS
BEFORE BUYING YOUR NEW HOME, LET’S FIX ANY FINANCIAL HICCUPS! {NEW HOME BUYERS SERIES FOUR OF SIX}
Changing your financial habits is crucial for long-term success. Recovering from financial mistakes takes time and effort.
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MENTORS
MARY SHELLEY, AUTHOR OF FRANKENSTEIN – INVENTOR OF SCIENCE FICTION – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Frankenstein is the most accepted answer for the first science fiction novel, mostly thanks to critic Brian W. Aldiss and his book “Billion Year Spree: The True History of Science Fiction.”
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This AZ HomePlus Home Buyer Down Payment Assistance Program will bridge most buyers to homeownership by eliminating the down payment obstacles.
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The goal is a thousand words a day. My goal for every legal thriller is a hundred thousand words. Each year on January 1, I’ll start a new one, with a goal of finishing by July 1. I’m almost always on time.
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REAL ESTATE INVESTMENTS
WANT TO SAVE THOUSANDS $$$$$$$ ON YOUR NEW HOME PURCHASE? IMPROVE YOUR FICO SCORE! {NEW HOME BUYERS -PART TWO OF SIX}
A great credit score saves you tens of thousands of dollars!
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MENTORS
Harry Belafont – “I was an activist who became an artist; I was not an artist who became an activist.” – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Mr. Belafonte risked his career and life fighting for social justice and civil rights. He was a close friend and collaborator with Dr. Martin Luther King Jr. in the fight for racial equality.
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REAL ESTATE INVESTMENTS
STRATEGIES FOR FIRST-TIME BUYERS TO AFFORD A HOME IN TODAY’S MARKET {NEW HOME BUYERS -PART ONE OF SIX}
Home prices have soared like a Space X rocket (not the April 2023 explosion), increasing by 1,608% since 1970, while inflation increased by 644%
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MENTORS
THE FOURTEEN-YEAR-OLD INVENTOR OF EMAIL – DR. SHIVA AYYADURAI – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
At Rutgers, the boy invented email - the system as we know it today - when he was the first to convert the old-fashioned paper-based, interoffice mail system into its electronic equivalent
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"The best thing you can do is to be exceptionally good at something," Warren Buffett.
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MENTORS , REAL ESTATE INVESTMENTS
HOW DON PEEBLES BECAME ONE OF THE WEALTHIEST AFRICAN-AMERICAN REAL ESTATE DEVELOPERS – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! WEDNESDAY'S “A Rainbow of Role Models,” I do not see race, skin color, religion, sex, attractiveness (ok, I do like beautiful ladies), age, or any other nonsense. I love learning from inspirational people that inspire me to drop MY EXCUSES and JUST DO IT! Role models who stretch my ambitions and model GIVING BACK! There is dignity in achievement and success—in becoming a great factor in civilization.” Carter G. ...
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Think of Investing as a Long-Term Strategy
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MENTORS
MORE THAN A DOZEN TULANE UNIVERSITY MEDICAL STUDENTS POSED AT FORMER SLAVE QUARTERS, INSPIRING OTHERS! -A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
"When you are part of a minority group, it is easy to feel like you don't belong or that your experiences are not understood. Seeing people who look like you in positions of power helps to counteract these feelings by providing a sense of connection and belonging." Styron Powers
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The difference between successful people and really successful people, the really successful say NO TO ALMOST EVERYTHING.
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MENTORS
A SECURITY GUARD REALIZES HIS DREAM OF BECOMING DR. RUSSELL LEDET – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
His story is a beacon of hope for every child, especially those who may think that their dreams are unattainable.
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FINANCIAL LITERACY , INVESTMENTS
OF COURSE, AMERICA’S BLACK-WEALTH GAP IS GETTING WORSE! THE GOVERNMENT CAN NOT FIX THIS PROBLEM!
The failure of the Black and White wealth gap to narrow since the 1980s can in large part be attributed to the types of assets that make up each group’s holdings. Black households hold nearly two-thirds of their wealth in housing and very little of it in stocks,
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During the test to get her truck driving license, “I showed him how I can maneuver that big old thing,” she says about the instructor, “and I got the license the very first time.”
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FINANCIAL LITERACY , MENTORS , SAVINGS
ROBERT SMITH’S POWER OF INTENTIONALITY, AND COLLABORATION CREATES LONG-TERM SOLUTIONS TO CLOSE THE RACIAL WEALTH GAP
America's Richest Black Man Robert F. Smith, Stackwell, and Prudential Financial Launch First Ever HBCU Student Investment Program
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MENTORS
NVIDIA CEO JENSEN HUANG – HIS BIG BET ON A.I. {ChatGPT} IS FINALLY PAYING OFF – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
NVIDIA expanded into other areas, including data centers, artificial intelligence, and autonomous vehicles.
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FINANCIAL LITERACY , REAL ESTATE INVESTMENTS , SAVINGS
NOW MIGHT BE THE TIME FOR AN ADJUSTABLE-RATE MORTGAGE (ARM)
ARM an attractive option for borrowers looking to save money on their monthly mortgage payments in the short term.
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MENTORS
PART 2 – CIVIL RIGHTS HERO AND NBA LEGEND BILL RUSSELL – Bill Russell Fought For Better America – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
As President Obama said when he presented Russell with the Presidential Medal of Freedom, the highest civilian recognition: "Bill Russell, the man, is somebody who stood up for the rights and dignity of all men."
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FINANCIAL LITERACY
THE IMPACT OF ABSENTEEISM: UNDERSTANDING THE CONSEQUENCES OF FATHERLESSNESS IN BLACK COMMUNITIES
If we genuinely want equality for all, regardless of color or sex, we must address all root causes, no matter how uncomfortable it may be.
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MENTORS
THE TUSKEGEE AIRMEN: AMERICA’S FIRST BLACK AVIATORS – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
There were only 992 pilots, but with ground staff, cooks, nurses, mechanics, and other additional support personnel, the Tuskegee Airmen totaled 14,000 individuals. The unit continued until the abolition of segregation in the US military in 1948; however, many Tuskegee Airmen went on to fly in the Korean and Vietnam wars.
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e believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.
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MENTORS
Sadie Tanner Mossell Alexander, The First Female Black Ph.D. In Economics {1921} Overcame IMPOSSIBLE Odds – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Sadie Tanner Mossell Alexander didn't just topple IMPOSSIBLE hurdles. She smashed through several.
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FINANCIAL LITERACY
WHAT STAGE ARE YOU IN CRITICAL THINKING DEVELOPMENT? – FINAL CRITICAL THINKING SERIES – PART 10
As previously noted, most of us take our day-to-day thinking for granted and spend little time working on improving our thinking processes. Adjusting our thinking habits is a long-term process that occurs over years, not weeks or months.
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MENTORS
SURVIVORS – THE ACTUAL VOICES OF ENSLAVED PEOPLE TELLING THEIR STORIES. – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
the legal enslavement of people on U.S. soil is a recent occurrence—so recent, in fact, that we have voice recordings of interviews with people who lived it.
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FINANCIAL LITERACY , INVESTMENTS , RETIREMENT , SAVINGS
401K AUTO-TRANSFER WILL HELP SAVE AMERICANS $619 BILLION OVER A GENERATION!
RLJ Cos., is uniting with three of the nation’s largest 401 (k) record keepers to save $619 billion in retirement income for Black American workers over a generation.
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MENTORS
‘Didn’t Expect This Much Attention’: Maryland Twins Graduate as High School Valedictorian and Salutatorian – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
The fraternal twins moved from Niger, Africa, to Maryland in 2015. After getting over the language barrier, they quickly assimilated to the culture and now have accomplished their school’s highest accomplishments.
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FINANCIAL LITERACY , INVESTMENTS , MENTORS , SAVINGS
WARREN BUFFETT’S A FRUGAL BILLIONAIRE! – WHAT IS YOUR EXCUSE AGAIN?
In Bill and Melinda Gates’ 2017 annual letter, Bill recalled a trip he took with the investor, during which Buffett paid for their fast-food lunch using coupons. He even provided photographic proof of this.
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MENTORS
LEBRON JAMES SEES SHORT-TERM SUCCESS AS A LAGGING INDICATOR! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Scoring 30 points in a forgettable mid-season game early in your career was great, but it was also just a drop in the 30,000-plus points bucket. Success has, until last night -- when you scored 38 points against Oklahoma City to become the all-time scoring leader -- was always a lagging indicator.
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You modeled what a good father, husband, and son mean. Your listening ear, encouragement, patience, and discipline have been such a gift to me. You have always shown us what it means to be there for each other, to support each other, and to put the family's needs first.
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MENTORS
MITCH DANIELS, PRESIDENT OF PURDUE UNIVERSITY, FREEZES PURDUE TUITION FOR 10 YEARS! MOST STUDENTS GRADUATE DEBT-FREE! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Purdue University students this school year will pay no more than Boilermakers did 10 years ago — and many will likely get a bachelor's debt-free
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WEALTH BUILDING POWERS
WHAT DOES IT TAKE TO DEAL WITH YOUR IRRATIONAL MIND? – CRITICAL THINKING SERIES – PART NINE (9)
History is replete with examples of individuals in both the private and public sectors making irrational decisions that have led to serious unintended consequences.
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MENTORS
DIANA ZITTING AND MIA LIANG UTILIZED COST-EFFECTIVE ALTERNATIVES TO COLLEGE AND MASSIVE DEBT! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
For DECADES, politicians and mainstream media have pushed a false narrative that the only way to succeed in this nation is to obtain a college degree. Even if you borrow so much money, it RUINS your life!
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FINANCIAL LITERACY
IN SOME U.S. CITIES, A CHILD HAS BETTER ODDS OF GOING TO PRISON OR BEING MURDERED THAN CLIMBING TO THE MIDDLE CLASS!
About 70% of U.S. Congress People are millionaires. Most members of Congress, in my opinion, deliver little value to society, but they get wealthy and enamored with power. They care about one thing -getting reelected, which requires money. The Teachers’ Unions donate millions of dollars to Democrat politicians. The unions demand zero support for charter schools. That is the nasty reality of America’s education system.
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I’ve found that of all the parenting advice out there, the most important ones are about teaching kids to be bold enough to try new things. But how do you do that?
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FINANCIAL LITERACY , INVESTMENTS
WHAT DOES IT MEAN TO BE A FAIR-MINDED CRITICAL THINKER? – CRITICAL THINKING SERIES – PART 8
In this column, we will consider the attributes of a Fair-minded Critical Thinker and what one needs to consider to avoid thinking in a self-centered fashio
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We are facing challenges at every turn: a pandemic, unprecedented government actions, a strong recovery after a sharp and deep global recession, a highly polarized U.S. election, mounting inflation, a war in Ukraine and dramatic economic sanctions against Russia.
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FINANCIAL LITERACY , INVESTMENTS
PART 7B: SUBSTANTIVE WRITING: WHAT HABITS DO CRITICAL THINKERS USE WHEN READING AND WRITING? – CRITICAL THINKING SERIES
So much of our so-called writing today is limited to 280 characters or less. Writing is difficult and requires a great deal of practice. Most of us have learned to write through trial and error. Rarely does anyone take a writing course. Hopefully, the following will provide you with several fresh ideas to enhance your writing skills.
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MENTORS
LUCILLE BALL – “If it were not for Lucy, there would be no Star Trek” – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
"In 1964, Lucille Ball was the sole owner of Desilu Studios and the first woman to ever run a major Hollywood studio.
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FINANCIAL LITERACY , INVESTMENTS
WHAT HABITS DO CRITICAL THINKERS USE WHEN READING AND WRITING? PART 7A – CRITICAL THINKING SERIES
In this column, we will consider the habits Critical Thinkers use when reading an article or a book and the application of substantive writing. I will cover the interrelationships between reading and writing and discuss Drs. Richard Paul and Linda Elder’s explanation of Close Reading and Substantive Writing presented in their Critical Thinking - Learn the Tools the Best Thinkers Use.
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MENTORS
SIGGI WILZIG’S MOST IMPORTANT FEAT -SURVIVAL. BUT FAR FROM HIS LAST! A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
He lived through two years as a prisoner at Auschwitz and then Mauthausen concentration camps, two death marches and the pain of losing 59 members of his family in the Holocaust. When American forces found him he weighed just 90 pounds.
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Embrace what makes you unique and utilize it to your advantage. In 2023, let's move you closer to your Financial Freedom.
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MENTORS
MARK CUBAN – FORGET ABOUT FOLLOWING YOUR PASSION! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! WEDNESDAY'S “A Rainbow of Role Models” Series demonstrates role models come in ALL races, genders, ages, and titles. “There is dignity, in achievement and success—in becoming, a great factor in civilization.” Carter G. Woodson. I hope you will share these short articles; perhaps a few people will be curious to learn more. Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. STYRON'S INTRODUCTION: Mark ...
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I wish you all Merry Christmas, Happy Hanukkah, Happy New Year, and HAPPY HOLIDAYS.
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INVESTMENTS , MENTORS
HENRY SINGLETON – THE SMARTEST MAN CHARLIE MUNGER {WARREN BUFFETT’S PAL AND PARTNER} EVER MET! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
After spending 44 professional years with the Oracle of Omaha, one would think that Munger’s first choice for the most intelligent person he’s ever met would be Buffett. WRONG!
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Identifying CEOs whose recent actions have left their companies stronger and more competitive. We found two dozen standouts.’
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There is, however, a somber point in the social outlook of Americans. Their sense of equality and human dignity is mainly limited to men of white skins.
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FINANCIAL LITERACY , MENTORS
WHAT DO YOU AS A CRITICAL THINKER DO TO LEARN – PART 6B – CRITICAL THINKING SERIES
n this column we will explore a means by which you can conduct a self-assessment and begin the process of improving your ability to learn as a student and as an employee.
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MENTORS
SCHOOL FOR THE DEAF WINS STATE FOOTBALL CHAMPIONSHIP FOR THE FIRST TIME IN THEIR 69-YEAR HISTORY! CONGRATULATIONS! -A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
California School for the Deaf, Riverside, wins the state football championship for the first time in their school’s 69-year history!
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FINANCIAL LITERACY , MENTORS
WHAT {DO YOU, AS A} CRITICAL THINKER, DO TO LEARN? – PART 6A – CRITICAL THINKING SERIES
In this column we will explore ways to improve learning, how the best students learn, the organizing concept and logic behind a topic, thinking within the logic of a subject, making a course/work project work for you, important activities for successful learning, deciphering the logic of an article and book, and learning how to evaluate an author’s reasoning.
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MENTORS
ASSOCIATE JUSTICE OF THE U.S. SUPREME COURT, CLARENCE THOMAS – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Since the death of Antonin Scalia, Thomas has been the Court's foremost originalist and is famous for being silent during oral arguments. H
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
THE FIVE-HOUR RULE USED BY BENJAMIN FRANKLIN, BILL GATES & ELON MUSK
The rule is that you dedicate at least one hour every day- five hours a week to learning and reading. This one hour can be at any time of the day.
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MENTORS
GREEK ARCHBISHOP – LAKOVOS WAS THE ONLY CHURCH LEADER WHO HAD THE COURAGE TO WALK HAND-IN-HAND WITH MARTIN LUTHER KING DURING THE FAMOUS MARCH IN SELMA! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Back in 1965, such actions were uncommon and definitely not safe. “Iakovos had received threats,” says one close aide and friend of the Archbishop, “but he never thought twice of his decision.”
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Each day we get 86,400 seconds, and at the end of those 24 hours, it's gone.
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MENTORS
DOLLY PARTON MAILS ONE FREE BOOK TO GREATER THAN A MILLION KIDS EVERY MONTH! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
PAYING FOR STUDENTS’ BAND OR CHOIR UNIFORMS AT PREDOMINANTLY BLACK SCHOOLS
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We accumulated wealth the old-fashioned way — by working hard and making strategic financial moves.
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MENTORS
Charles Henry Turner: The little-known Black high school science teacher who revolutionized the study of insect behavior in the early 20th century. A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Although his name is barely known today, Charles Henry Turner was a pioneer in studying bees and should be considered among the great entomologists of the 19th and 20th centuries.
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Because they recognize it as a needless expense. After all, wearing designer labels isn’t going to add to their success or enhance their work.
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Now that I’m in high school juggling responsibilities like school, work, friends and family, college applications, and pandemic stress, I still take refuge in books. I often turn to stories that work through a struggle or theme I’m dealing with in my own life. They give me a safe space to reflect and process, help me gain perspective, and make me feel understood"
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Mom, Dad, and my maternal family demonstrated: GET UP EVERY DAY AND WORK HARD! They assured me that is all I needed to become anything I worked hard enough for.
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He is pushing his students to achieve excellence. “I cover everything the state wants me to cover, but there is no restriction on covering extra material,”
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FINANCIAL LITERACY , RETIREMENT
SOCIAL SECURITY COVERS ABOUT 40% OF YOUR RETIREMENT NEEDS – LET’S GET TO WORK AND CLOSE ANY GAPS!
An average American can expect Social Security to replace about 40% of pre-retirement wages
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MENTORS
THE WEALTHIEST NBA PLAYER YOU NEVER HEARD OF EXPLAINS THE SECRET TO HIS SUCCESS! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
His highest single-season salary in the NBA was $350,000. Now, Bridgeman’s net worth is estimated at $600 million.
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FINANCIAL LITERACY , INVESTMENTS
THINKING IS DRIVEN BY QUESTIONS, NOT ANSWERS – PART 5 CRITICAL THINKING SERIES: WHAT QUESTIONS DO THE BEST CRITICAL THINKERS ASK?
n this column we will explore a means by which you can conduct a self-assessment and begin the process of improving your ability to learn as a student and as an employee.
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may the day of judging President Nixon on anything less than his entire life and career come to a close.
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FINANCIAL LITERACY , INVESTMENTS , MENTORS , SAVINGS
IF IN A RECESSION, IS IT SAFE TO INVEST IN THE STOCK MARKET? WARREN BUFFETT’S ADVICE!
During a market downturn, stock prices are often much lower. Even the highest-priced stocks are heavily discounted right now, with some of them down 40%, 50%, 60%, or more. If you're looking for a chance to buy high-quality investments for a bargain, now is a fantastic time to invest.
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MENTORS
JOHN CENA GRANTS 650 “MAKE A WISH” AND HE IS JUST WARMING UP! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
"I just drop everything. I don't care what I'm doing," he said in a WWE produced video after granting his 500th wish. “I can't say enough how cool it is to see the kids so happy, and their families so happy, I truly want to show them that it's their day.”
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FINANCIAL LITERACY , INVESTMENTS
CRITICAL THINKING SERIES PART 4: – A SELF ASSESSMENT OF YOUR LEVEL OF THINKING AND LEARNING
n this column we will explore a means by which you can conduct a self-assessment and begin the process of improving your ability to learn as a student and as an employee.
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MENTORS
Everything You Need To Know About Marine Commander Michael Langely – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
The Blacks didn’t like us because we lived out in a white neighborhood. And the whites considered us different and wondered why we were there,” he told Stars and Stripes during an interview. While unfortunate, Langley said the experiences taught him the importance of leadership and resiliency.
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FINANCIAL LITERACY , INVESTMENTS , REAL ESTATE INVESTMENTS
FED CHAIR SAYS, ‘SOME PAIN’ IS ON THE HORIZON! EQUIVALENT TO YOUR DENTIST RUNNING OUT OF NUMBING MEDS DURING YOUR ROOT CANAL!
HOME SALES ARE SLOWING AS INTEREST RATES HIT SIX PERCENT – RED ALERT, BRACE FOR IMPACT!
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MENTORS
James Patterson’s Ultimate Story: How He Sold 400 Million Books A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
"Right now in this country, only 45% of kids are reading at grade level, which is a disgrace, a tragedy,"
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Despite his busy schedule, and just months after the release of The Cat in the Hat, Geisel (Dr. Seuss) set aside time to write a charming letter to a 13-year-old aspiring illustrator by the name of Howard Cruse.
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MENTORS
Florida Grandmother Graduates College at 96 Years Old, Reportedly the Oldest Black Woman to Earn a Degree – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Edwards said she wanted to finish the degree she started decades ago before her 100th birthday. Financial roadblocks stalled her past attempts to earn a degree, and a hurdle even impaired her current attempt, but a determined Edwards pressed on, reports show.
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FINANCIAL LITERACY , INTERVIEW , WBP PODCAST
INTRODUCING PEER-TO-PEER CONVERSATIONS PODCAST – TODAY’S GUEST: MARK MILLER
To give back, Mark uses his innovative teaching approach and positive attitude to help blind and one-handed students fulfill their dreams of playing the piano. “If you love what you do, you'll never work a day in your life.”
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FINANCIAL LITERACY , INVESTMENTS
CRITICAL THINKING – TOP TEN IN-DEMAND SKILLS FOR MANY EMPLOYERS! – CRITICAL THINKING PART 3: WHAT ARE THE UNIVERSAL STANDARDS OF THINKING?
Moving further along in this Critical Thinking journey, our next step is to gain an understanding of the Universal Standards of Thinking, which are used to assess our reasoning.
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FINANCIAL LITERACY
DON’T CRY FOR ME ARGENTINA, OR IS IT AMERICA? – College Debt Forgiveness is Indictment of A Failed Public Education System!
40% of those who start college don't finish and that 40% of the recent college graduates work in jobs not requiring a degree.
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MENTORS
KENT OLEWILER NEVER PLAYED VARSITY BASKETBALL – THROUGH CONFIDENCE AND DETERMINATION, MADE IT TO A DIVISION I SCHOOL! IT’S CALLED HARD WORK BABY! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
"Most kids get discouraged when facing this much adversity. I've taken failure and allowed it to steer me to my goals. I've taken things as an opportunity."
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FINANCIAL LITERACY , MENTORS
A GREAT WORK ETHIC AND TOUGH MENTOR MOVED NIMI RAMA FROM A MCDONALD’S CREW MEMBER TO DIRECTOR OF OPERATIONS! IT’S CALLED HARD WORK, BABY!
"We came to this country to make something of ourselves and that fire was instilled in me to be somebody and to work hard.
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MENTORS
FLORENCE PRICE WAS A GREAT COMPOSER, INSPIRING TEACHER, AND ROLE MODEL I HAD NEVER HEARD OF – UNTIL NOW! A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
She became the first Black woman to have a symphony performed by a major American orchestra. Florence Price’s music and life are becoming more widely known, but that hasn’t always been the case.
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Dad was the hardest working man I have known who I saw take care of his immediate family and many more. He did not raise me to be the best black man I could be but the best man. I often failed but recalled his coaching on how I could continuously improve.
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I came to seriously question the concept of fatherhood altogether. Photographing 50 different types of fathers will make you realize that fatherhood has nothing to do with DNA.
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FINANCIAL LITERACY , INVESTMENTS
USING CRITICAL THINKING IN PURSUIT OF POST-HIGH SCHOOL EDUCATION – CRITICAL THINKING SERIES – PART 2
Drawing upon the decision to pursue a post-high school education, I will use this as the example in presenting this step in our Critical Thinking Series.
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
EMILY AVONYA JEFFERSON – BLACK ENTREPRENEUR WHO ALMOST DIED AS A TEEN SIGNS MAJOR GROCERY STORE DISTRIBUTION DEAL FOR HER LINE OF LOW-SODIUM SEASONINGS – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
The first year and a half of business consisted of Emily hand bottling all seasonings herself, but after securing a manufacturer in mid-2021 who was able to mass-produce her seasonings, she landed a deal with Lowes Foods grocery store. This southeastern grocery chain has stores throughout both North Carolina and South Carolina.
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People want to hear from JPMorgan (JPM) CEO Jamie Dimon. He’s insightful, provocative, and never boring.
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MENTORS
NIGERIAN – AMERICAN FLORIDA HIGH SCHOOL SENIOR ACCEPTED INTO EIGHT IVY LEAGUE SCHOOLS! THAT’S RIGHT – EIGHT! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
“I just decided to shoot my shot at all of them and see if it would land. And I had no idea I would get accepted into all of them,” said the 17-year-old Miami Beach Senior High School graduate. “On Ivy Day, I remember crying a lot and just being extremely surprised.”
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FINANCIAL LITERACY , INVESTMENTS , MENTORS , SAVINGS
PEOPLE USING 4TH GRADE STRATEGY, {HINT- WARREN BUFFETT, ELON MUSK, ETC.} ARE MORE LIKLEY TO BECOME WEALTHY!
Results show that people who were more numerate had higher income, more education, and greater verbal intelligence. Numeracy was also related to greater income satisfaction and greater life satisfaction.
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With his courage to use his voice, Russell inspired other Black athletes to speak up for justice.
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Possibly the most difficult challenge in being a Critical Thinker is becoming a critic of your own Thinking. The reason this is so important is to avoid the bad habit of falling prey to your preconceived biased
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MENTORS
THE ENTIRE CLASS AT ALL BLACK CATHOLIC SCHOOL WAS ACCEPTED INTO COLLEGE! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
The world deserves to see this black boy joy. Congratulations to THE St. Augustine High School class of 2022,” She said. “100% college acceptance. $9.2M in scholarships. Straight out of the 7th ward of New Orleans. Let that make headlines! Dance!”
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An ARM may make sense for buyers who anticipate moving before the initial rate expires. However, because life happens and it’s impossible to predict future economic conditions, it’s wise to consider the possibility that you won’t be able to move or sell.
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MENTORS
MacKenzie Scott gives “Big Brothers Big Sisters of America” a $122.6 Million donation – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
We will use it to support the country's largest provider of workplace youth mentoring. And we're going to use it to help support kids to continue to find their career journeys, including scholarship internship job placements. When we connect young people to mentors who they can see and understand and have that connection with, it helps them go towards finding jobs, careers, and finding their like journey.
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FINANCIAL LITERACY , INVESTMENTS , SAVINGS
$1,000+ CAR PAYMENTS LOOK MORE LIKE RENT/MORTGAGE PAYMENTS!
What if instead you buy a used or less expensive car and keep your costs under $500.00/month. Next, deposit the saved $500 monthly in your ROTH IRA, investing in an S&P 500 ETF index. Let’s look at three good options:
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MENTORS
TO CHANGE THE WORLD, BILL GATES SAYS READ A LOT! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
“You don’t really start getting old until you stop learning,” Gates said. “Every book teaches me something new or helps me see things differently. I was lucky to have parents who encouraged me to read. Reading fuels a sense of curiosity about the world, which I think helped drive me forward in my career and in the work that I do now with my foundation.”
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I believe that concepts like XHVS can change how we prepare our students to be self-reliant, to pursue meaningful careers, to be qualified for jobs that go unfilled because of a lack of qualified applicants, and to participate in the economic growth of our country without needing a costly and sometimes irrelevant college degree.
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MENTORS
A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} Mary McLeod Bethune -The woman who changed the face of education for Black women!
Mary McLeod Bethuneused the power of education, political activism, and civil service to achieve racial and gender equality throughout the United States and the world. The first person in her family born free and the first person in her family afforded a formal education, Bethune emerged from abject poverty and oppression of the Reconstruction South to achieve greatness.
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A $400,000 mortgage payment at three percent is ~$1,686.42 per month. That same mortgage costs ~$2,398.20 per month at six percent interest. The doubling of the mortgage interest rate increases the payment by $711.78 EVERY MONTH, or a 42.21% increase. The average American family cannot afford that significant increase.
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FINANCIAL LITERACY , MENTORS
RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} – MADISON LYBARGER, MADISON HIGH-SCHOOL SENIOR,WORKS TWO JOBS; HAS A 4.0 GPA AND RECEIVES $100,000.00 COLLEGE SCHOLARSHIP!
Lybarger was raised by a single mother and her grandparents, and has also learned to overcome her dyslexia. She works two jobs to help her family pay for the bills, all while managing a 4.0 GPA at school. She is a competitive gymnast and then coaches after school.
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Understanding the different types of home loans available to you as a first-time homebuyer can help, particularly as mortgage rates continue to rise across the country. Knowing your options and comparing different mortgage programs will also allow you to make a more informed financial decision.
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The United States has the highest share of single parenting in the world. How did we get here, and is there anything that can be done to reverse this trend?
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A solid, steady investment approach will pay huge dividends in the long run.
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INVESTMENTS , MENTORS
A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} – RITA LEVI MONTALCINI, NOBEL PRIZE-WINNING Nobel NEUROBIOLOGIST
The Nobel committee described her work, along with fellow winner Stanley Cohen, as “a fascinating example of how a skilled observer can create a concept out of apparent chaos.”
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In today's uber-competitive real estate market, many people are opting to forgo home inspections when they make their purchase offers — all in the hope that their offer will look more appealing than some other offers. However, most real estate pros would advise against taking this step since home inspections can reveal valuable information about the state of the property.
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INVESTMENTS , MENTORS
A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} – Ten {10} Most Powerful Business Quotes From the Business Titan – Earl G. Graves Sr.
“Earl Gilbert Graves Sr. (January 9, 1935 – April 6, 2020) was an American entrepreneur, publisher, businessman, philanthropist, and advocate of African-American businesses. A graduate of Morgan State University, he was the founder of Black Enterprise magazine and chairman of the media company Earl G. Graves, Ltd. He was the director for Aetna and Executive Board member of the Boy Scouts of America.
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Racism is real. We just saw a horrific example in Buffalo, New York. But, we cannot blame every failure in today's society on racism. We are saying blackness is a source of failure by constantly chanting white privilege, thus allowing people to remain in poverty and without dreams.
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INVESTMENTS , MENTORS
A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} – Betty Reid Soskin, Oldest National Park Service Ranger, Retires At 100
Soskin has been a devoted advocate for making sure that Black women’s experiences are included in the history the park commemorates. She’s also said she hoped that seeing her could inspire girls of color.“I still love this uniform,” she told the “Today Show” in 2015. “Partly because there’s a silent message to every little girl of color that I pass on the street or in an elevator or on an escalator ... that ...
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
Self-Made Billionaires Train Themselves to be Smarter – BY -THOMAS OPPONG
The key to success is harnessing your intelligence or the knowledge of other smart people to act on your goals.
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INVESTMENTS , MENTORS
A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} – Shaq Industries: Inside The Brilliant Business Mind Of Shaquille O’Neal
You can have an impression that Shaq's very lucky. Well, he made an effort to achieve what he has. He started with small steps by buying a copy of The Dummies Guide To Building A Business which eventually led to his first successful deal with Reebok (the one from 1992). Later on, he got his MA in Business at the University of Phoenix,
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FINANCIAL LITERACY , INVESTMENTS , MENTORS , SAVINGS
WARREN BUFFET’S FOURTH-GRADE INVESTING STRATEGY – SHAME IT’S NOT TAUGHT IN SCHOOL!
“We haven’t the faintest idea what the stock market is going to do when it opens on Monday,” Buffett said. “We’ve not been good at timing. We’ve been reasonably good at figuring out when we were getting enough for our money.”
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FINANCIAL LITERACY , MENTORS
THE COLLEGE PRESIDENT WHO WON’T RAISE TUITION – MEET MITCH DANIELS – PRESIDENT PURDUE UNIVERSITY – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
So how did Purdue do it?“I always say it’s easier to explain what we didn’t do,” Daniels told me. “We didn’t try to get more money from the state. We didn’t shift from full-time faculty and fill the ranks with cheaper, part-time adjunct faculty. We haven’t driven up our percentage of international or out-of-state students,” who pay more than in-staters. Each of these measures has been taken up by other public universities, even ...
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Just remember, your budget sheet is only as good as the information you put in it. The key is to keep up with your budget sheet and make sure you include everything!
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} – MEET THE GUY WHO’S GOT MORE PATENTS THAN THOMAS EDISION- FREDERICK SHELTON
Give or take a light bulb, Edison had about 1,000 patents in his lifetime, and Shelton, who is engineering fellow at Ethicon, the medical devices unit of Johnson & Johnson (JNJ), already has amassed upward of 1,500.
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FINANCIAL LITERACY , INVESTMENTS , RETIREMENT
IRS INCREASES 401(k) LIMITS FOR 2022 – WHY ARE YOU STILL SITTING THERE? MOVE!
Too many Americans leave money on the table by not taking the FREE money their employer has offered.” You cannot give away free money! If you want to do that, reach out, and I will give you my mailing address!
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
This Is What Elon Musk Did the Day He Bought Twitter. It’s an Amazing Lesson in Productivity – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
But when Musk works for his various companies, he's not really multitasking, nor is he task switching. Rather, he's focusing on one thing at a time.
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
MY FAVORITE ANNUAL LETTER – BERKSHIRE HATHAWAY INC. 2021 SHAREHOLDER’S LETTER
An excellent financial report, such as Mr. Buffett's, will improve your understanding of how businesses function, how leaders make decisions, etc. Warren Buffett writes his annual reports in straightforward, simple language to educate his shareholders.
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FINANCIAL LITERACY , MENTORS
MEET SEVEN YEAR OLD ROLE MODEL – SEVEN-YEAR OLD MOTIVATIONAL SPEAKER, MASTER CALEB STEWART – RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
He has been reading since he was two years old, and began making speeches when he was only three. One of his speeches even went viral when he was just four years old. His mission is to motivate other kids like him to read, too.
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FINANCIAL LITERACY , INVESTMENTS
MAGIC JOHNSON’S LACK OF FINANCIAL LITERACY COST HIM >$1 BILLION! HOW MUCH IS IT COSTING YOU?
Whether you're just starting or have been earning your way for quite some time, it's never too late to learn about saving and improving your financial outlook. Developing a budget and building financial knowledge is the foundation for a brighter future.
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MENTORS , WEALTH BUILDING POWERS
RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} – Ida B. Wells, FAMED 19TH CENTURY JOURNALIST AND ANTI LYNCHING CRUSADER
She attended a segregated Black school and became a teacher in Memphis, Tennessee, until she was fired in 1891 for speaking out against subpar learning conditions. A staunch activist, Wells similarly filed and initially won a lawsuit against the Chesapeake, Ohio & Southwestern Railroad Co. in 1884 after being forced out of a first-class train car despite having purchased a first-class ticket. The ruling was eventually overturned by the Tennessee Supreme Court and spurred the beginning ...
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INVESTMENTS , MENTORS
Jamie Dimon, Chairman and CEO JP Morgan Chase and Company, 2021 Letter to Shareholders
Among the events and forces creating an "unprecedented" situation in Dimon's view are Russia's war on Ukraine, the resulting economic sanctions on Russia, and rising inflation. "We are facing challenges at every turn ... [yet] we have a moment to put aside our differences, offer solutions and work with others in the Western world to come together in defense of democracy and essential freedoms, including free enterprise," he stated in a highlighted excerpt.1
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
RAINBOW OF ROLE MODELS – JASMIN FOSTER’S BLACK WOMAN OWNED STATIONARY BRAND IS BRINGING DEI TO TARGET!
When I saw the products in the marketplace, there was never anyone on the cover who looked like me. And the language always felt like they weren’t speaking to me or my community. I wanted to change the face of the stationery industry. Stationery products sit with you in your office, purse and bedroom. It’s a piece of belonging that you carry everyday. I wanted to create a brand that ...
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We need a “Marshall Plan” to ensure energy security for us and our European allies. Our European allies, who are highly dependent on Russian energy, require our help. For such a plan to succeed, we need to secure proper energy supplies immediately for the next few years, which can be done while reducing CO2 emissions.” {Jamie Dimon}
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INVESTMENTS , MENTORS
A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} – BADRINARAYANAN KOTHANDARAMAN, ENPHASE ENERGY, CEO
To Kothandaraman, though, basic management skills are what brought him success. Just as there were two basic tasks when it came to turning around the company — reduce costs and fix pricing — there's no need to look for more exotic answers.
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FINANCIAL LITERACY , INVESTMENTS , SAVINGS
ACHIEVING FINANCIAL FREEDOM AND GENERATIONAL WEALTH – WITH: 401-K; IRA; ROTH IRA!
nvesting in the stock market teaches investments basics. Your lessons learned transfer to other types of investments. The fundamentals to good stock investing are like different types of investing, such as real estate, bonds, precious metals, etc.
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INVESTMENTS , MENTORS
RAINBOW OF ROLE MODELS– TEACHER RAYMOND NELSON CREATES GENTLEMEN’S CLUB TO TEACH LIFE LESSONS TO BOYS WHO HAVE NO DADS AT HOME
He is keen to teach kids similar invaluable life skills that will stand them in good stead in the future. "I was thinking maybe if I have the boys dress for success," Nelson told WCSC-TV. "When was the last time you saw someone fighting in a tuxedo?" They also get life lessons like cleaning their neighborhood and watering plants.
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FINANCIAL LITERACY , MENTORS
FORGET WHITE RECKONING TO ADDRESS RACIAL INEQUALITY – WE NEED GOOD ECONOMIC POLICY!
Trump’s theatrics notwithstanding, he pursued the tax and regulatory agenda of a typical conservative Republican politician, and on his watch tens of millions of Americans who had been struggling economically for decades saw meaningful improvement in their lives, including many members of low-income minority groups.
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Mario Hoover is the first student at Providence-St. Mel School to achieve a perfect score on the ACT standardized college admissions exam in the institution’s 43-year history.
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Instead of trying to earn more, try to spend less. Always spend less than you earn, save, and invest the rest! When you start viewing the building of your wealth as powered by your frugality and efficiency, you gain control. Learn to be happy with less stuff (that ultimately ends up in a landfill), and you will automatically save more—and make your savings and investments increase!
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} – MARY ELLEN PLEASANT – ONE OF THE FIRST BLACK SELF-MADE MILLIONAIRES
Mary Ellen Pleasant may not be a household name, but her story rivals that of any great American entrepreneur. In the 1800s, Pleasant became one of the first African-American female self-made millionaires in the U.S. despite the significant obstacles she faced as black woman.Pleasant employed her inherent savvy, building a massive investment portfolio that was reportedly worth as much as $30 million at one time — a fortune that would ...
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If I had one piece of advice for anyone who hasn't started investing yet, it would be: Please, just start. If that feels hard, ask for help. Money and investing are an emotional business. Seek advisors to help wade through your valid concerns!
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES} – LEGENDARY INVESTOR JOHN ROGERS JR
THIS WEEK ARIEL, IN PARTNERSHIP WITH SCHWAB, RELEASED THEIR ANNUAL SURVEY OF THE FINANCIAL HABITS OF BLACK AMERICANS. THE FINDINGS, WHILE SHOWING GLIMMERS OF HOPE, REINFORCE HOW MUCH OF AN INVESTING DISPARITY REMAINS. "THE DEEP-ROOTED GAP IN PARTICIPATION BETWEEN THE GROUPS PERSISTS, WITH 55% OF BLACK AMERICANS AND 71% OF WHITE AMERICANS REPORTING STOCK MARKET INVESTMENTS. THIS DISPARITY, COMPOUNDED OVER TIME, MEANS THAT MIDDLE-CLASS BLACK AMERICANS WILL HAVE LESS MONEY SAVED FOR RETIREMENT ...
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"I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character."
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FINANCIAL LITERACY , MENTORS
A RAINBOW OF ROLE MODELS – CEO: MARVIN ELLISON – RACE, INFLATION AND VACCINE MANDATES
I don’t believe I am one of the three most talented Black executives in America. There are plenty of uniquely talented individuals out there that simply need an opportunity to demonstrate their leadership ability and their ability to make a contribution to their company or to their industry. I think that part of the solution should be companies, including Lowe’s, should continue to improve how they develop talent, how they ...
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401-K PLAN , FINANCIAL LITERACY , INVESTMENTS , IRA ROTH AND TRADITIONAL , RETIREMENT , SAVINGS
“WHAT CEO’S TALK ABOUT” – PODCAST INTERVIEW WITH STYRON POWERS – “FINANCIAL FREEDOM…DON’T SPEND MORE THAN YOU MAKE!”
Styron discovered that about 60% of Americans could not afford a $400.00 to $1,000.00 emergency bill - car, heating, medical, or any other sudden cost. So he started writing a blog to help his readers understand how he had personally chosen financial freedom and how to achieve it for themselves. He also does coaching and mentorship -
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FINANCIAL LITERACY , MENTORS
BLACK HISTORY MONTH ROLE MODELS {SERIES} – JAMES AND JILEA HEMMINGS BECOME FIRST AFRICAN AMERICANS OWNERS OF AN AUTONOMOUS GROCERY STORE – FEBRUARY 25, 2022
Jamie and Jilea Hemmings opened the first autonomous grocery store with robotic delivery in the United States during the COVID pandemic and say their plan is to have hundreds of them across the country.
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FINANCIAL LITERACY , MENTORS
BLACK HISTORY MONTH ROLE MODELS {SERIES} - ROBERT L. JOHNSON, FOUNDER BET – FEBRUARY 24, 2022
"I like to remind our current and future leaders during Black History Month, those of you who have broken down barriers and shattered ceilings and kicked down doors, that the community needs you to stay vocal, visible and involved. Your very example can help broaden horizons and aspirations,"
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FINANCIAL LITERACY , MENTORS
BLACK HISTORY MONTH ROLE MODELS {SERIES} BILLIONAIRE ROBERT F. SMITH – FEBRUARY 23, 2022
Smith has been working overtime to ensure he does all he can to help create generational wealth for students of color. In 2019, he paid off the student loan debt for the entire graduating class of Morehouse College, eventually extending that debt payoff to the students’ parents as well. Then in 2020, Smith donated $50 million to his Student Freedom Initiative to support STEM students. The organization is a public charity dedicated to ...
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Race is no longer as much a factor in U.S. business. Lewis proved that people of color can launch, lead and own businesses. Blacks have been the CEOs of Time Warner, American Express, Kaiser Permanente and other global companies. Lewis deserves credit for blazing the trail.
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For me, every day is Black History Day, every month is Black History Month, and every year is Black History Year. Black History is American History, and WE ARE FIRST AMERICANS.
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401-K PLAN , FINANCIAL LITERACY , INVESTMENTS , IRA ROTH AND TRADITIONAL , SAVINGS
ELIMINATING A ONE PERCENT FEE CAN ADD $ MILLIONS TO YOUR NET WORTH!
Eliminating one percent or more of fees will make a massive difference over time. The choice to become a more strategic investor could add MILLIONS of dollars to your net worth!
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FINANCIAL LITERACY , INVESTMENTS , RETIREMENT
CAN YOU SPARE A TRILLION? WE OWE $30 TRILLION IN DEBT!
I did not realize how much our debt grew under Obama, Trump, and Biden. Even with low-interest rates; we pay >$300 billion on interest payments or about nine percent of all federal revenue collected. This number will continue to increase as Biden attempts to push through Build Back Better- BBB. {I have a different word for the last B.}
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"When I buy a stock, I don't care if they close the stock market tomorrow for a couple of years because I'm looking to the business, Coca-Cola {Apple, Amazon, etc.) or whatever it may be, to produce returns for me in the future. Now, if I care whether the stock market is open tomorrow, then to some extent, I'm speculating because I'm thinking about whether the price is going to ...
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INVESTMENTS , MENTORS
IMPROVING MY COMMUNICATIONS SKILLS MORE THAN DOUBLED MY COMPENSATION! SERIOUSLY!
"The only easy way to earn 50% more than you are worth now….is by honing communications skills, both written and verbal. If you can't communicate, it's like winking at a girl in the dark — nothing happens. You can have all the brainpower in the world, but you have to be able to transmit it." Warren Buffett
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“He’s got a goal to be a millionaire. He’s doing it through savings, and he’ll get there. This guy is a fantastic role model,” O’Leary says. “He’s growing the wealth of his family successfully. He’s focused on it, but he’s happy too.”
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And when this happens, and when we allow freedom ring, when we let it ring from every village and every hamlet, from every state and every city, we will be able to speed up that day when all of God's children, Black men and white men, Jews and Gentiles, Protestants and Catholics, will be able to join hands and sing in the words of the old Negro spiritual: Free at ...
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MENTORS
The Message of Sidney Poitier’s Success – He improved America’s perceptions of its black countrymen at a time when it mattered.
oday, the political left continues to ignore the role that antisocial behavior plays in perpetuating racial inequality. Elites talk about policing instead of criminality, standardized tests instead of study habits, poverty instead of family formation, wealth redistribution instead of the work ethic. In an earlier era, black leaders knew better.”
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The fear of missing out is the feeling that others are experiencing better things than you are. It is exacerbated by 24/7 social media sites like Instagram, Redditt, Facebook, etc. The FEAR OF MISSING OUT causes intelligent people to take high risks with close to zero odds of winning. FEAR OF MISSING OUT IS REAL!
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The EV industry is here and growing faster than anyone except Elon Musk expected! There may be potential good investment opportunities IF YOU DO YOUR HOMEWORK.
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FINANCIAL LITERACY
ENTERING BARRON’S ANNUAL FORECASTING CHALLENGE – The deadline for submissions is Sunday, Jan. 2, 2022
The winner receives a two-year subscription to Barron’s and lunch in New York with Barron’s staff member of the winner’s choosing when the pandemic ends. Good luck!
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Along with continuous education, "One Up On Wall Street" helped me transition from gambling in the stock market to long-term stock investing. One essential lesson - how to identify potential "ten baggers". Ten baggers are investments where the initial investment is multiplied by ten or more!
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Never think you have no influence whatsoever. Your trace, which you leave behind with every good deed, cannot be erased.”
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
STYRON’S LESSONS FROM GEORGE WONG’S SERIES – HOLIDAY GIFTS FOR THE KIDS; BUY THE TOY COMPANY, NOT THE TOYS
It is smart to teach your kids about investing by buying them stock. My favorite gift for my daughter and niece - buying them shares of stock!
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
TAKEAWAYS – PART THREE/FINAL: HOLIDAY GIFTS FOR THE KIDS; BUY THE TOY COMPANY, NOT THE TOYS – GUEST BLOGGER: George Wong
In all families that build their own wealth from the ground up, a culture of active and continuous learning around financial literacy is created and fostered.
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
OWN THE COMPANY THAT MAKES AND SELLS THE TOYS – PART TWO OF THREE: HOLIDAY GIFTS FOR THE KIDS; BUY THE TOY COMPANY, NOT THE TOYS – GUEST AUTHOR: George Wong
On Christmas Day 2005, and before our Christmas luncheon, we gathered the five nephews and nieces, then ages 8 to 15, to explain their gifts. We told them that it was about owing companies, not toys. We asked them to consider companies they are familiar with - like Nike, Mattel, Coca Cola, Bank of America, etc. and get back to us in January so that we can purchase the stocks and seed ...
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FINANCIAL LITERACY , INVESTMENTS
HOLIDAY GIFTS FOR THE KIDS: BUY THE TOY COMPANY, NOT THE TOYS {THREE PART SERIES} – GUEST BLOGGER: George Wong
Introducing a three-part series authored by my friend, George Wong. George and his wife embarked on a 56-year Financial Literacy case study working with FOUR generations of family members. George's motivation is to increase family members of all ages financial literacy and lay the groundwork for achieving legacy wealth. I hope you learn, enjoy and REPLICATE!
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Rivian's stock launched on November 10, 2021. Approximately 153 million shares sold at an offering price of $78.00 to the lucky and already wealthy investors. The shares began trading on the Nasdaq at $106.75. With ONLY 156 trucks produced Rivian is valued at over $100 Billion. General Motors will produce about 2.5 million vehicles (in U.S. and Canada) in 2021 and has a valuation of ONLY $92 Billion.
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RETIREMENT
ACHIEVING YOUR FINANCIAL FREEDOM WITH THE 401-K & GREAT NEWS – CONTRIBUTION LIMITS INCREASE IN 2022 – WHAT ARE YOU WAITING FOR!
The Feds increased 401K contribution limits to $20,500 in 2022, which is an increase from years 2020 and 2021 limit of $19,500. Catch-up contributions to retirement accounts for those age 50 and up will remain unchanged at $6,500. Including their regular contributions, people 50 and up will be able to stash up to a limit of $27,000.
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A budget is boring, anal and helped me achieve financial freedom.
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MENTORS
“WHAT WE BECOME DEPENDS ON WHAT OUR FATHERS TEACH US AT ODD MOMENTS, WHEN THEY AREN’T TRYING TO TEACH US”
Fatherlessness has reached crisis proportions in the last few decades. Starting in the 1960s, feminism encouraged sexual liberation and discouraged the "oppressive" patriarchy of a two-parent family structure. Fatherlessness exploded and – half a century later – shows no signs of slowing down. The statistics are grim: 63% of child suicides, 85% of all children with behavioral disorders and 71% of all high school dropouts come from fatherless homes. Fatherless ...
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FINANCIAL LITERACY , INVESTMENTS , WBP PODCAST
THE ABSOLUTE BEST INVESTMENT – INVESTING IN YOURSELF! MONEY BACK GUARANTEE!
The absolute BEST INVESTMENTS I MADE were not the appreciating assets routinely discussed in my blog, {Stocks; ETFs; Real estate, Bonds; Cryptocurrencies; REITs, etc.}The best investment I made was to strengthen my skills and competencies.
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
WE NEED MORE STEM MAJORS AND LEGACIES LIKE MYLES JOHNSON!
“Looking back,” Johnson wrote in his biographical blurb, “I would tell children who are on the fence about pursuing STEM that there is such a wide range of possible professions, not just coding, or machinery, which comes to mind when hearing ‘engineering.’ The world of opportunities is never-ending.”
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
AN OPPORTUNITY FOR A $40,000.00 STEM SCHOLARSHIP AT AN HBCU
I am proud to support the Future of STEM Scholars Initiative! Encourage college-bound science and engineering students you know to apply for these scholarships. In addition to needed funds, FOSSI provides leadership development, mentoring and internship opportunities with program sponsors, and access to student networking events.
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Building your child's financial literacy is about ensuring they are educated on the best way to manage finances for the rest of their life!
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While we can’t choose what family we are born into, we can choose our acquittances and friends! How carefully have you made those choices?
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Our black teachers excelled at many things, but one trait stands out: They cared about our future! Mrs. Lucy Robinson was one of my hero teachers, who demonstrated she cared. She not only taught us, but she also pushed up to be better students and people. To be respectful to adults. Reach for our dreams and, most importantly, BELIEVE IN SELF! My Mom was also a teacher. She taught me and is one of the five ...
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Today's blog is a DO-OVER! I was asked at a Zoom meeting, "When do you sell your stocks?" Have you ever heard a politician trying to answer a question where they are CLUELESS {which is a majority of the time, so they have practice}? I fumbled, mumbled, rambled, and gave DUMB answers. My wife said she did not notice I was faking it. Is that a compliment or insult? Maybe I have a future in ...
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FINANCIAL LITERACY , WEALTH BUILDING POWERS
RELAX ALREADY, YES INFLATION IS HIGHER THAN IN THE PAST 13 YEARS, BUT IT’S TRANSITORY!
Transitory means not permanent or temporary. Now why these big brains cannot bring themselves to say temporary, is beyond me. For Americans who need to purchase little things like food, gas, pay rent and utilities, kids' clothing and shoes, etc., this "temporary" inflation is taking HARD-EARNED MONEY many Americans simply do NOT have!. This "temporary" inflation significantly HARMS our most vulnerable Americans.
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FINANCIAL LITERACY , WEALTH BUILDING POWERS
LET ME GET THIS RIGHT – BROWN PEOPLE ARE TOO STUPID TO BE PROFICIENT AT MATH, READING, AND WRITING?
Instead of addressing poor and unacceptable achievement, the government pours more money into the existing failed structure, eliminates tests that expose its failure, and imposes race-based preferences to cover this national crisis.
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The company, Nvidia, is a leading designer of graphics processing units– GPUs. GPUs are programmable processors specialized for rendering all images on the computer's screen, providing the fastest graphics processing. Nvidia's stock has increased in price ~1500 percent over the past five years and ~70% YTD 2021.
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I have never discovered EASY money except for winning the lottery, which has better odds than Congress doing their jobs. Today's dreamers of fast and easy $$$ are chasing Cryptocurrencies, Meme stocks (last week's blog- See You “May Like” Section Below), and other quick bucks stuff. When you see so-called “Subject Matter Experts" advertise on Facebook, Instagram, etc. "For $999.00, TODAY ONLY, I will teach you to ……." DELETE IMMEDIATELY! If someone has a ...
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Other drivers of Meme stocksThe U.S. government flooded the nation with cash during the pandemic. Many young people took this cash not needed and traded it in the stock market and cryptocurrencies. This excess cash supported the higher stock prices and fueled further investment speculation. Retail investors (ordinary folk) were flush in cash because they had cut their spending while maintaining their income. In addition, some had received $1,200 checks courtesy of the Cares ...
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FINANCIAL LITERACY , INVESTMENTS , REAL ESTATE INVESTMENTS
PATIENCE PAYS – BUYING A DUPLEX IS A TRIPLE WIN INVESTMENT STRATEGY
f you are considering buying a home, ensure your research includes the option of a duplex. I guarantee you by the time you retire; you will be glad you did. A duplex represents a triple WIN!
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The problem is worse today than my parents’ generation because pensions in the private sector have been eliminated. VOLUNTARY 401-K plans have replaced the Majority of companies’ pensions. The 401-K was designed to mimic a pension’s retirement income. BUT only if YOU: 1. Start saving EARLY, in your 20’s, 2. Contribute a significant percentage of your compensation to your plan, 3. Work for a company that matches some portion of your ...
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If you want to learn how to trade with the big boys, you’ve got to understand how the big boys trade, and there’s none bigger than The Oracle of Omaha.
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HOW MANY TIMES HAVE YOU THOUGHT - WALMART, APPLE, AMAZON, ETC. STOCK PRICES ARE JUST TOO HIGH? THIS CANNOT END WELL! HOW OFTEN WERE WE WRONG?
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Thomas Sowell is one of the great social theorists of our age. He wrote a remarkable 36 books in a career spanning more than a half-century, covering economic history and social inequality to political theory, race, and culture. Jason Riley's latest book, Maverick, showcases Sowell's most significant writings and traces the life events that shaped his ideas and resulted in a Black orphan from the Jim Crow South becoming one ...
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There are numerous strategies to achieve financial freedom. I worked my way up the corporate ladder, where some days can be compared to sitting in a cave with deadly snakes! Some of you have started successful businesses (Congratulations), and others will do so. A few of you may get lucky investing in something like Dogecoin at the right time and selling at the peak! Regardless of your path, it is IMPERATIVE you have ...
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When I googled the ten wealthiest Americans, I found all EARNED their billionaire status because of ONE stock. Eight of the ten were founders of their companies and year over year grew their earnings and profits. Most years, their stock price increased, and their stocks beat, often whipped the S&P 500 returns. The good news, you can become an owner of any of these companies, if after careful research they pass your muster!
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One of the most critical decisions I made in life was choosing my best friends. I trust and rely on my FEW best friends 100 percent. Another critical choice is who we spend our work and free time with. If your friends enjoy alcohol or drugs, you may fall into that trap. On the other hand, if you spend time with business professionals, entrepreneurs, stock investors, or just intelligent people, you will learn. The ...
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When I googled the ten wealthiest Americans, I found all EARNED their billionaire status because of ONE stock. Eight of the ten were founders of their companies and year over year grew their earnings and profits. Most years, their stock price increased, and their stocks beat, often whipped the S&P 500 returns. The good news, you can become an owner of any of these companies, if after careful research they pass your muster!
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One of the most critical decisions I made in life was choosing my best friends. I trust and rely on my FEW best friends 100 percent. Another critical choice is who we spend our work and free time with. If your friends enjoy alcohol or drugs, you may fall into that trap. On the other hand, if you spend time with business professionals, entrepreneurs, stock investors, or just intelligent people, you will learn. The ...
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FINANCIAL LITERACY , INVESTMENTS , MENTORS , WBP PODCAST
PODCAST EPISODE 3: FROM CENTURIES OF VICTIMIZATION TO VICTORY!
"black history is about more than victimization at the hands of whites. It's also about what blacks have achieved notwithstanding that victimization."
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FINANCIAL LITERACY , INVESTMENTS , REAL ESTATE INVESTMENTS
IS IT A GOOD IDEA TO PAY YOUR MORTGAGE OFF EARLY?
The major factor in paying your mortgage off early is prioritization of limited resources- your income. You already have a mortgage payment and hopefully, you are contributing to a 401-K plan and if you can afford it a IRA plan. If you have children you may be contributing to a 529-Plan. With above expenditures and more, only a few can afford to pay a mortgage off early. But maybe, you ...
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FINANCIAL LITERACY , INVESTMENTS , WBP PODCAST
ANYONE CAN BUY STOCKS – LISTEN TO THIS PODCAST IF YOU WANT TO MAKE MONEY!
You and I want to invest in companies whose shares are going up. To increase your odds of your shares increasing, analyze a company’s risk profile, otherwise you are GAMBLING NOT INVESTING. Just like school, investing requires homework. You likely spent months or years to save enough money to invest. Take the time analyzing individual companies to pick the best stocks to invest your hard-earned money.
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FINANCIAL LITERACY , INVESTMENTS
CALIFORNIA HAS THE BEST PLAN YET – TO WIDEN AMERICA’S RACIAL WEALTH GAP!
Education leads to higher earnings leading to Financial Freedom. This California proposal to cancel math will widen the wealth gaps between races.
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FINANCIAL LITERACY , WBP PODCAST
INTRODUCING IN THE CHAMPION’S CORNER – WEALTH-BUILDING POWERS PODCAST
In 2019, I started a financial literacy blog to share my life lessons on building wealth. I'm now transitioning to add a podcast for those who enjoy listening versus reading. The goal here is to help you improve your financial and investment knowledge, make better decisions than I did in my younger days, and, most importantly, acquire financial freedom.
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CRYPTOCURRENCY , FINANCIAL LITERACY , INVESTMENTS
THE SMART WAY TO BUY BITCOIN AND OTHER CRYPTOCURRENCIES
Before buying a cryptocurrency, you MUST build your knowledge/competency and understand what you are buying. Cryptocurrency is a HIGH-RISK investment and is not suitable for the average reader. DO YOUR RESEARCH!
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CRYPTOCURRENCY , FINANCIAL LITERACY , INVESTMENTS
SHOULD YOU INVEST IN BITCOIN, DOGECOIN, OR STYRONCOIN?
An Elon Musk joke tweet can send Dogecoin soaring for no logical reason. But some people have become millionaires (at least for now) by buying Dogecoin. Mark Cuban summoned up Dogecoin, "Overall, when someone brings up Dogecoin to you and asks you if it's a good investment, I would say it's not the world's best investment, but it's a whole lot better than a lottery ticket, and it's a great way to learn ...
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FINANCIAL LITERACY , INVESTMENTS
WITHOUT MASTERING STOCK CHARTS AND SUPPORT/RESISTANCE, YOU ARE GAMBLING – NOT INVESTING!
"An average of 10,000 hours of practice and talent is needed to become a world-class violinist or pianist. In study after study, of composers, basketball players, fiction writers, {STOCK INVESTORS} concert pianists, chess players, master criminals, and what have you, this number {10,000 hours of practice} comes up again and again." OUTLIER
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I have written about the incredible power of patience and compounding several times. Above is a real story of a couple who gifted over $81,000.00 from a $36.00investment.
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"Marita doesn't need a brand-new school with acres of playing fields and gleaming facilities. She doesn't need a laptop, a smaller class, a teacher with a Ph.D., or a bigger apartment. She doesn't need a higheI.Q. All those things would be nice, of course. But they miss the point. Marita just needed a chance. And look at the chance she was given!
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FINANCIAL LITERACY , INVESTMENTS , SAVINGS
HOW TRADERS AND LONG-TERM INVESTORS UTILIZE STOCK CHARTS TO ACHIEVE FINANCIAL FREEDOM!
Learning to read stock charts was critical to improving my wealth. Today's blog gives you a brief introduction. Next week let's continue building chart competency by examining support and resistance.
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Apple has delivered an average return of 43.5 percent per year for the past ten years. Suppose you or your parents invested $100 per month during those ten years in Apple stock and placed it in a ROTH IRA. You would have contributed $12,000.00 principal—but more importantly, have accumulated an investment gain of $190,211.00 with a total account value of $202,211.00. When you reach retirement age (59.5 years), you will owe ZERO dollars in taxes on ...
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FINALLY - GROWING $1,400.00 INTO $1 MILLION OR MORE! Tthis is achievable, but you have to take ownership of YOUR HARD-EARNED MONEY and follow these simple points. Spend less than you earn Save the rest Invest your savings
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Taxpayers who receive a refund effectively give the IRS more money than owed for the year but receive only that same amount of money back after filing. You could have saved, invested, paid down debt, etc., with that money!
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FINANCIAL LITERACY , MENTORS
A MUST READ – “GREATEST OF ALL TIMES” ANNUAL SHAREHOLDERS LETTERS – BERKSHIRE HATHAWAY’S 2020 ANNUAL LETTER
If your Grandparents invested $1,000.00 in Berkshire Hathaway in 1964 today, that would be worth $28.1 MILLION.
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There are thousands of stocks in the U.S. market. Only a handful are Greatest of All Time (GOAT) stock performers.
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MENTORS
CELEBRATING BLACK HISTORY – “EDUCATION IS THE MOST POWERFUL WEAPON WITH WHICH YOU CAN CHANGE THE WORLD” NELSON MANDELLA
Black History is more than one month out of the year. Every day I wake in the best country on earth as a proud and successful black man. Recognizing and learning from black history will enable us to achieve a fair and equitable United States of America!
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Congress does NOT care. While Congress is calling Robinhood's CEO to testify, it is not about this young man's death. N0 - Congress cares more about young traders beating Hedge Fund Billionaires!
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Some of my friends and family learned trades to achieve their financial freedom. In comparison, my brother and I used college to achieve our financial freedom. The choice was ours!
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FINANCIAL LITERACY , INVESTMENTS
WHAT DROVE GAMESTOP STOCK PRICE TO IRRATIONAL LEVELS? {IS IT TOO LATE FOR YOU TO GET IN?}
Shorting is, in my opinion, gambling. If you want to short GameStop or other heavily shorted companies, recognize you may lose 100% of your savings, investments, house, clothes! I strongly advise you to consult a fiduciary financial professional. A majority, if not all, will tell you HELL NO!
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A half-century after his death, Martin Luther King Jr. is as revered as ever. But have we been following his example, or merely paying lip service to his ideas?
Read MoreWho motivates and inspires you? Identify your GOATs and start listening. I guarantee you will learn
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FINANCIAL LITERACY , INVESTMENTS
TESLA STOCK INCREASED OVER 700% IN 2021 – HOW TO PICK THE NEXT TESLA
Elon Musk, CEO Tesla, accomplished what many said was impossible and made the electric car business mainstream. Thanks to Musk, every major car manufacturer has rapidly added Electric Vehicles (EVs) to their line up and numerous new manufacturers have launched. Biden's win in the U. S. pushes federal dollars into the EVs industry, making it more attractive. Therefore, the EVs industry is a great place to identify more winners!
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I came from a family that never read The Wall Street Journal and did NOT talk about the stock market over dinner. We did, however, play Monopoly. An inexpensive game I credit with introducing me to real-world financial literacy. It was up to me to continue building on that education
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Let's take ownership of our present and future. We can increase our financial literacy or continue to fall farther and farther behind those who work harder and smarter.
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I urge all to lend a helping hand whether it be joining a charity, donating money, or simply volunteering a few hours of our time.
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he four richest men in the U.S. — Jeff Bezos, Elon Musk, Bill Gates, and Mark Zuckerberg have the majority of their net-worth invested in companies they founded. In 2020 their total net-worth INCREASED by $229 billion. Some will ask if that is fair? Regardless of that answer, the better question is, why are you not studying their companies for potential investments?
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Once you decide to make an offer, the negotiation starts and is completed when you close on the property. Closing usually occurs 45 days after you sign the contract (faster if paying cash). After making an offer, you have more work to protect yourself and have zero surprises after final closure. Once you close, YOU OWN THE GOOD AND THE BAD!
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If you missed the top ten best days in the S&P 500 for the past nine decades (Total of 90 days forgotten out of ~2,340 total days), your ROI was 91%. If you had simply sat through the ups and downs and been in for ALL 2,340 days, your returns were 14,962%.
Read MoreINCREASING FINANCIAL LITERACY, INVESTING IN STOCKS AND ACHIEVING FINANCIAL FREEDOM.
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Every for-profit business requires positive Net Operating Income (NOI), including your rental property business. This calculation is used to analyze the profitability of income-generating real estate investments and equals all revenue from the property, minus all necessary operating expenses, excluding mortgage payments.
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INVESTMENTS , REAL ESTATE INVESTMENTS
THE PANDEMIC IS CAUSING A RENT CRISIS, IS NOW THE TIME TO BECOME A LANDLORD?
There is no doubt that COVID-19 has caused an economic crisis in our country. However, it has not affected some parts of the country in the same ways that it has affected others.
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Recruiting an “A” team is key to achieving financial success investing in real estate. This team is spending your HARD-EARNED SAVINGS and you want not a good but a great return on investment dollars!
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FINANCIAL LITERACY
WE CAN FINALLY SOLVE THE RACIAL EDUCATION, HEALTH AND WEALTH GAPS IN AMERICA WITH FINANCIAL LITERACY
Now is the time to build your financial literacy so you can in the near future successfully invest and close your own wealth gap. Investing in the stock market is not reserved for the wealthy, or those with fancy degrees and titles.
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To achieve financial success in real estate investing you need the same focus in selecting your team as a successful college sports team coach recruiting athletes. Your real estate team includes: Property Manager; Successful Investment Real Estate Owners; Real Estate Agents; Home Inspector; Home Appraiser; Title Insurance Officer; Real Estate Attorney; Mortgage Lenders; and Contractors. Today’s blog focuses on finding a GREAT Property Manager rather than just an ok or good one. The first step – ...
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401-K PLAN , INVESTMENTS , RETIREMENT
SO YOU DECIDED TO GIVE 3/4 OF A $$-MILLION TO A COMPANY WORTH $$-BILLIONS?
IT'S ALL ABOUT THAT MAGICAL 401K SILLY! A powerful means to grow your wealth is accepting YOUR matching contributions from an employer into YOUR 401K plan. Employer matching 401K contributions means the employer contributes a certain percentage of your compensation to your retirement savings. Because it is YOUR MONEY/PART OF YOUR COMPENSATION, companies must budget these matching funds. Approximately 15% of employees decline to open a 401K and hence decline the matching funds. Those ...
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INVESTMENTS , REAL ESTATE INVESTMENTS
STEP #5: IS A PROPERTY MANAGER REALLY WORTH TEN PERCENT OF YOUR RENTAL INCOME?
The main downside of buying a rental has always been its management. Someone has to deal with the ugly three Ts: Tenants, toilets, and trash.
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INVESTMENTS , REAL ESTATE INVESTMENTS
STEP #4: HOW TO FIND A GREAT INVESTMENT PROPERTY REAL ESTATE AGENT!
Find an agent that is experienced in rental properties. She or he know what a good deal is and what is a waste of time. A seasoned real estate professional will save you time, errors and money!
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INVESTMENTS , REAL ESTATE INVESTMENTS
STEP #3: BUYING THE BEST MONEY MAKING INVESTMENT RENTAL PROPERTIES
INVESTMENT RENTAL PROPERTIES CAN MAKE YOU A MILLIONAIRE! Good news - there are great investment properties out there, you just need to find one. Here are five key steps to finding that great investment property:First find a Great Location Show Your Ability to Pay for the PropertyIdentify the Type of Property and How Much You Want to SpendHire the Right Real Estate AgentInternal Rate of Return >10% FIRST FIND ...
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FINANCIAL LITERACY , WEALTH BUILDING POWERS
MAKE YOUR VOTES COUNT – SUPPORT CANDIDATES THAT FUND CHARTER SCHOOLS!
Support and vote for those candidates that strongly support the rights of ALL {Wealthy, Poor, Black, White, ALL) parents to have choice of schools, including Private, Charter and Home Schooling.”
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IT’S ALL ABOUT THE LOCATION SILLY Over the past 30+ years, I have purchased seventeen investment properties. Some HORRIBLE (I sold) and some great (Still Own). Here are my lessons to help you find a great location that generates high rents and above average long-term returns. FINDING GREAT RENTAL PROPERTY LOCATIONS WOULD YOU LIVE THERE? WOULD YOU LIVE THERE? I made the mistake of buying five properties, I would never voluntarily live. Yep, I sold those five, AT ...
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I believe education is the first building block to a financially stable and successful life.
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FINANCIAL LITERACY , INSURANCE AND ILLNESSES , INVESTMENTS
WHEN THE U. S. HAS A COUGH THE REST OF THE WORLD CATCHES A COLD – WHAT HAPPENS WHEN CHINA HAS A CORONAVIRUS?
CORONAVIRUS is creating uncertainty. Because of this uncertainty, now is not the time for NEW investors to invest in individual company stocks.
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With only a few days till Christmas, my letter to Santa wishes for health and happiness for my family, friends and readers. I appreciate you following this blog, your comments and support. I look forward to hearing from you in 2020. HAPPY HOLIDAYS EVERYONE! MY FAVORITE CHRISTMAS SINGER AND SONG NAT KING COLE - THE CHRISTMAS SONGhttps://youtu.be/hwacxSnc4tI To Join Wealth Building Powers BLOG: PLEASE SIGN UP TO FOLLOW THIS BLOG by providing your email in the ...
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FINANCIAL LITERACY , INVESTMENTS , SAVINGS
DO BLACKS LAG WHITES IN FINDING GOOD JOBS AND BUILDING WEALTH IN 2019?
You have to decide how you’re going to show up in life,” she said. “I’ve used some of my differences as a way to stand out and to hopefully count and matter — and hopefully create an opportunity for others.” Her advice to those who may want to follow in her footsteps: “Be confident in your own ideas.” “Be brave,” she said. “Bravery is not the absence of fear, it is overcoming ...
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A large percentage of today’s retirees are facing a “longevity crisis” and outliving their savings. Some of my friends are facing this very real crisis. One spent the bulk of his 401K on his three kids’ college education. Because he loves his children. Two have small pensions and are financially struggling. Another is afraid he cannot afford to retire. When you add in the risk of catastrophe illness, their risk ...
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REAL ESTATE INVESTMENTS - THE BEST WAY TO BUILD YOUR WEALTH!
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THE ONE PERCENT AIN’T YOUR PROBLEM- IF YOU want to see your problem look in a mirror
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MENTORS
Bill Gates Says This Is the Most Important Thing He’s Learned from Warren Buffett. (Hint: It Has Nothing to Do with Money)
Bill Gates Says This Is the Most Important Thing He’s Learned from Warren Buffett. (Hint: It Has Nothing to Do with Money)
Two billionaires linked by one common denominator.
“Microsoft co-founder Bill Gates and investing legend Warren Buffett don't initially seem like they would be a great fit for one another, and Gates thought so himself. When his mom wanted him to meet the Oracle of Omaha almost three decades ago, he initially balked, saying "He just buys and sells pieces of paper... I don't think we'd have much in common." Luckily for Gates, moms frequently get their way, and he ...
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FINANCIAL LITERACY , MENTORS
THE MOST IMPORTANT DECISIONS YOU WILL MAKE – CHOOSING YOUR “TRUE FRIENDS”
THE MOST IMPORTANT DECISIONS YOU WILL MAKE - CHOOSING YOUR “TRUE FRIENDS”
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STOP DESTROYING YOUR LIFE! - GET OUT OF THAT DAMN HOLE!
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FINANCIAL LITERACY , MENTORS
WHAT IS THE ONE THING YOU ACCOMPLISHED THAT YOU NEVER THOUGHT YOU COULD?
WHAT IS THE ONE THING YOU ACCOMPLISHED THAT YOU NEVER THOUGHT YOU COULD?
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REAL ESTATE INVESTMENTS
In 2019, BUYING A HOME IS FAR MORE COMPLEX THAN WHEN I PURCHASED MY FIRST HOME
In 2019, BUYING A HOME IS FAR MORE COMPLEX THAN WHEN I PURCHASED MY FIRST HOME
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HOW TO TELL WITHOUT DOUBT THAT SPECIAL SPLURGE IS A-OK!
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FINANCIAL LITERACY , RETIREMENT
ONE OF THE WORSE MISTAKES YOU CAN MAKE WITH YOUR 401 – (K) WHEN CHANGING JOBS
ONE OF THE WORSE MISTAKES YOU CAN MAKE WITH YOUR 401- K WHEN CHANGING JOBS Several years ago, a good friend confided she cashed out her 401K and spent the money. At the time I thought an unwise decision. But of course being less diplomatic (hard to believe right) I said something more in the line of: YOU DID #$@% WHAT ? I was reminded of this story last week, when I ...
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FINANCIAL LITERACY , INVESTMENTS , SAVINGS
COMPOUND INTEREST IS THE EASIEST WAY TO DOUBLE OR TRIPLE YOUR MONEY
COMPOUND INTEREST IS THE EASIEST WAY TO DOUBLE OR TRIPLE YOUR MONEY
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FINANCIAL LITERACY , INVESTMENTS , SAVINGS
WITHOUT ANY DOUBT – THE BEST GET RICH PLAN IN TWO EASY STEPS!
WITHOUT ANY DOUBT THE BEST GET RICH PLAN IN TWO SIMPLE STEPS!
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INVESTMENTS , REAL ESTATE INVESTMENTS
HOW TO GROW POSITIVE CASH FLOWS FROM RENTAL PROPERTY INVESTMENTS
HOW TO GROW POSITIVE CASH FLOWS FROM RENTAL PROPERTY INVESTMENTS
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THE BEST INVESTMENT TO MAKE BY AGE 30 - REAL ESTATE
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THE ONE PERSON YOU MOST WANT TO INVITE TO DINNER
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FINANCIAL LITERACY , INVESTMENTS , RETIREMENT
THE ABSOLUTE BEST WEDDING GIFT YOU CAN EVER GIVE YOUR CHILD!
BEST WEDDING PRESENT! This weekend we are attending the wedding of my college best friend, Clifton’s son. The couple will have college loans as the bride is currently in Medical School. As parents, Clifton and I ponder the choice of paying for an expensive wedding versus INVESTING IN YOUR FUTURE. And as two financially conservative men, we advise reducing the wedding size and cost and investing the money. AVERAGE ...
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"The Millionaire Next Door" is my Favorite Wealth Building Book!
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Congratulations on accumulating a YUGEEE portion of your retirement money in a 401-K! As you approach retirement you need to decide what to do with YOUR HARD EARNED MONEY, currently sitting in one or more 401K Plans. This is a nice problem to have! SOME OPTIONS FOR AFTER RETIREMENT Keep your money in your 401-K Plan(s).Roll into an IRA or a ROTH IRA and convert to Exchange Traded Funds (ETFs), to lower fees.There ...
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MENTORS
IF THERE WAS A TIME MACHINE – THESE ARE MY LESSONS LEARNED FOR MY 20’S SELF! – DR. WILLIAM (BILL) POWERS; PhD; SUSPENSE/THRILLER NOVELIST
https://authorbillpowers.com GO TO BILL'S WEBSITE BY CLICKING WELCOME DR. WILLIAM (BILL) POWERS; PhD INTRODUCTION – STYRON Bill is my brother. I will NOT tell you his nickname, unless you pay me! (Unfortunately I do not accept Bitcoin) When I was born, I had hints but later confirmed, I was given the best brother IN THE WORLD! I am very biased and proud, because he has been my friend, coach, mentor, role model ...
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Deborah L. Grubbe, PE, CEng., NAC INTRODUCTION - STYRON POWERS I asked my role model, Deborah Grubbe, to write this week's blog. Deb and I worked together in the oil and gas industry. She was the Vice President of Safety for a company with over 100,000 employees and operations in over 100 countries. She made a difference in the lives of employees and the people in surrounding communities. I ...
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EVERYONE CAN USE GREAT MENTORS! INTRODUCTION - STYRON My life has been blessed with great mentors who helped me along my journey. Today's blog was written by one of my mentors, Haves. Over the years I have observed Haves' priorities: God, Family, Parenting and Career. He is a successful executive who continously gives back to his community and others. I asked him to share in his own words his ...
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
WARREN BUFFETT’S NET-WORTH IS DRIVEN BY THESE IRONCLAD TEN REULES
WARREN BUFFETT'S NET-WORTH IS DRIVEN BY THESE IRONCLAD TEN REULES
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BUILDING WEALTH BY PAYING YOURSELF FIRST I am an engineer/geek and I never liked traditional budgets. Instead I save money and grow my wealth by ALWAYS PAYING MYSELF FIRST! I am my most important debit. BUDGETS – YAWN BUDGETS Raise your hand if you love budgeting at home or work. That’s what I thought! Budgets sound great in theory but how many people do you know who have stuck with their budget.In a world where majority of us ...
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THE IRA PLAN IS A WEALTH BUILDING TOOL
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RETIREMENT WEALTH BUILDING TOOLS GOOD DAY EVERYONE! Last week’s BLOG discussed the GOAT Millionaire Builder - the 401K Retirement Plan. Click below link if you need to read that blog. {DO YOU WANT TO JOIN THE 401K PLAN MILLIONAIRE CLUB? {KINDA OF LIKE THE MILE HIGH CLUB – BUT A LOT LONGER LASTING!} https://wealthbuildingpowers.com/2019/06/10/401k-millionaire-club/} USING STRATEGY TO GROW YOUR WEALTH THE GOOD NEWS - If you do not have access to a 401K plan, there are ...
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FINANCIAL LITERACY
Education secretary says students should have additional educational and career pathways
DeVos Makes Case for Alternatives to 4-Year College I have written on the unsustainable cost of college previously. This post shares a recent Wall Street Journal Article on the topic. Ms. DeVos nails it when she discusses the lack of financial literacy. Both students AND PARENTS must become more financially literate. Enabling better decision-making and avoiding a life time of UNNECESSARY DEBT. The cost of college is unaffordable for average American ...
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INVESTMENTS , RETIREMENT
DO YOU WANT TO JOIN THE 401K PLAN MILLIONAIRE CLUB? {KINDA OF LIKE THE MILE HIGH CLUB – BUT A LOT LONGER LASTING!}
THE MILLIONAIRE STARTER KIT - 401-K PLAN Top of the Day Dear Readers! There are too many savings strategies that require quantum physics to understand. Personally I hated physics. One of the best and simplest strategies I used to maximize my wealth is the 401-K plan, especially when powered by compound interest. When you combine the magic of compounding with the 401K you will see why it is a millionaire-building tool! ADVANTAGES OF A ...
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FINANCIAL LITERACY , INVESTMENTS
WARREN BUFFETT UTILIZED COMPOUND INTEREST TO BECOME THE 3RD RICHEST MAN ON THE PLANET!
THE IMPORTANCE OF LEARNING COMPOUND INTEREST
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Can you answer these six basic financial questions? Most people answer only two questions correctly. Let's see how well you do. Basic Financial Literacy Questions These six questions on credit history, net worth, interest rates and student loans were developed by Annamaria Lusardi, Director of the Global Financial Literacy Excellence Center (GFLEC) at The George Washington University. They were included as part of a survey conducted by education company, EVERFI, which found in prior research ...
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FINANCIAL LITERACY , WEALTH BUILDING POWERS
“I PITY THE FOOL” WITH THESE KIND OF FINANCIAL TROUBLES!
IDENTIFY THE CAUSES OF PROBLEMS AND FIND SOLUTIONS This is an age test. Who remembers Mr. T.? There was a brief spell where I dressed and looked like him! But all that gold was slowing me down! Thank you for reading Wealth-Building-Powers Blog. I am grateful for all 5 MILLION of you! {Ok maybe a wee bit fewer than 5 Million} WHY OUT OF THE BLUE I STARTED WRITING AN INVESTMENT AND WEALTH BLOG There is a ...
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https://www.cnbc.com/video/2019/05/23/how-to-double-your-money-in-the-stock-market.html?__source=flipboard Sorry for earlier post. Link did not work. This is an excellent short video discussing the power of compound interest in building YOUR WEALTH. Worth a listen
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{TO READ THE FULL POST GO TO MY PROFILE AND CLICK https://wealthbuildingpowers.com/ The House of Representatives passed legislation Thursday that would make significant changes to the laws governing retirement savings accounts. The aim of the legislation, which will now move to the Senate for consideration, is to make it easier for more employers, particularly small businesses, to offer 401(k)s, and to let workers guarantee how much income their retirement savings produce ...
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This Group of People Is Most Likely to Retire Broke https://www.fool.com/retirement/2019/05/23/this-group-of-people-is-most-likely-to-retire-brok.aspx If you refuse to attempt to save for retirement, it is 100% guaranteed you will retire broke! Unfortunately those people earning <$50,000, include a large percentage of women and minorities. You CANNOT keep singing the Woe Is Me, ballad! Keep reading this post to learn the action you can take starting TODAY! EXERPT FROM ARTICLE “Approximately 60% of workers who earn less than ...
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FINANCIAL LITERACY
NOTHING YOU WILL DO IN YOUR LIFETIME REALISTICALLY, WILL WASTE MORE MONEY THAN BUYING A NEW CAR!
NEW CARS VERSUS A HUGE JUMP IN YOUR NET-WORTH I often hear or read similar below comments: I have $80,000 in college loans that are killing me. Backbreaking DEBT! I cannot afford to contribute to my 401K.I will never be able to retire.Life is unfair!I just purchased a brand new Porsche! 718 Cayman Porsche - Is It Worth It? Wait one minute - did you just say, you owe $80,000 in college loans; contribute $0 ...
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https://www.theladders.com/career-advice/why-even-ambitious-people-rarely-become-successful When you’re committed to something, you will be and do what is required for the attainment of that thing. You’ll stop wondering and start building. You’ll stop being distracted and start learning. You’ll start connecting. You’ll start failing. You’ll get what you want, rather than have a long list of “ambitions.” You’ll have actual accomplishments that reflect your inner goals and values. Your external environment will reflect your deepest internal views and ...
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THE BATTLE - PETER LYNCH VERSUS WARREN BUFFETT Years ago my friend Wendell Williams, told me I should invest in the Fidelity Magellan Mutual Fund. I had one problem; I did not know what a mutual fund was. Had never heard of Fidelity Investments. And was clueless how to open an investment account. Maybe I had several problems! But it was this suggestion that started my long-term investment journey and a path to becoming financially literate. I ...
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https://www.purdueexponent.org/campus/article_4e72cfe6-33b5-11e9-b20b-f32cccc069cf.html Purdue University President Achieves Fiscal Responsibility The freeze continues — Purdue President Mitch Daniels announced Monday that the 2012 tuition freeze will continue for the eighth consecutive year. In addition to the freeze, all West Lafayette campus staff with an income of $75,000 or less that have been employed as of Dec. 31 will receive a $500 appreciation payment this spring. The tuition freeze means that six graduating classes have now gone ...
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www.forbes.com/sites/rainerzitelmann/2019/05/08/new-psychological-studies-how-the-wealthy-really-are-different-from-everyone-else/ What Makes the Superrich Tick The results of this latest wealth study are consistent with those of my doctoral dissertation on “The Wealth Elite,” which was based on interviews with 45 wealthy individuals. With only a few exceptions, most of the interviewees were self-made millionaires, and the ‘poorest’ were worth between 10 million and 30 million euros. Most, however, were worth significantly more, between 30 million and one billion euros, and some even ...
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This-college-graduation-speech-got-a-spontaneous-standing-ovation-heres-why https://www.inc.com/suzanne-lucas/this-college-graduation-speech-got-a-spontaneous-standing-ovation-heres-why.html I am confident you are wondering how some college commencement speech (I cannot recall who spoke at any of my graduation ceremonies) can help you achieve more joy, success and money. First thing, keep an open mind and listen. Click above link: KEY POINTS FROM THE SPEECH "If you pay attention to politics, or television or social media, God forbid, what do you see? You see recrimination, reproach, insults, and sarcasm. You ...
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www.forbes.com/sites/brandonbusteed/2019/04/30/this-will-be-the-biggest-disruption-in-higher-education/
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For the past ten years, inflation has averaged less than two percent with two exceptions: Health Care (~six percent) and College Tuition (~eight percent). An eight percent college inflation rate means the cost of college doubles every nine years. Think of it this way, if your 18-year-old daughter enters a State University in 2019, you/she will pay over $100,000. If nine years later your nine-year-old son decides to attend college, you/he will pay ...
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FINANCIAL LITERACY , WEALTH BUILDING POWERS
{PART 4 OF 4} THE SOLUTIONS TO OUR COMMON NATIONAL PROBLEMS IMPACTING EVERY AMERICAN
(OUR) GOVERNMENTS (FEDERAL, STATE AND LOCAL) MUST BE BETTER AND MORE EFFECTIVE. WE CANNOT AND WILL NOT SUCEED WITHOUT THEIR HELP! THE REST OF US MUST DO A BETTER JOB TOO! {Excerpts FROM JAMIE DIMON, CEO J.P. MORGAN CHASE, CEO AND CHAIRMAN OF THE BOARD, ANNUAL LETTER- Public Policy} “The U.S. federal government is becoming less relevant to what is going on in people’s lives. People have generally lost faith in the ability ...
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FINANCIAL LITERACY , WEALTH BUILDING POWERS
{PART 3 OF 4} SOLUTIONS TO THE CRITICAL ISSUES DESTROYING OUR COUNTRY AND YOUR FUTURE
PART 3: “OUR PROBLEMS ARE FIXABLE, BUT WILL HAPPEN ONLY IF WE SET ASIDE PARTISAN POLITICS AND NARROW SELF INTEREST - OUR COUNTRY MUST COME FIRST!” {Excerpts FROM JAMIE DIAMOND, CEO J.P. MORGAN CHASE, CEO AND CHAIRMAN OF THE BOARD, ANNUAL LETTER- Public Policy} “None of these issues is exclusively owned by Democrats or Republicans. To the contrary, it is clear that partisan politics is stopping collaborative policy from being implemented, particularly ...
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FINANCIAL LITERACY , WEALTH BUILDING POWERS
REAL SOLUTIONS TO THE CRITICAL ISSUES DESTROYING OUR COUNTRY AND YOUR FUTURE {PART 2 OF 4}
PART 2: “WE MUST HAVE A PROPER DIAGNOSIS OF OUR PROBLEMS - THE ISSUES ARE REAL AND SERIOUS — IF WE WANT TO HAVE THE PROPE PRESCRIPTIONS THAT LEADS TO WORKABLE SOLUTIONS” {PART 2 of 4 - Excerpts FROM JAMIE DIAMOND, CEO J.P. MORGAN CHASE, ANNUAL LETTER - Public Policy} “Slogans are not policy, and, though simple and sometimes virtuous-sounding, they often lead to policies that fail. Well-intentioned but poorly designed policies ...
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FINANCIAL LITERACY , WEALTH BUILDING POWERS
REAL SOLUTIONS TO THE CRITICAL ISSUES DESTROYING OUR COUNTRY AND YOUR FUTURE {PART 1 OF 4}
THE AMERICAN DREAM IS ALIVE - BUT FRAYING FOR MANY! } {Excerpts FROM JAMIE DIMON, CEO J.P. MORGAN CHASE, ANNUALLETTER- Public Policy} {PART 1 of 4 This week I am posting four excerpts from Jamie Dimon’s, CEO J.P. Morgan-Chase, Annual Letter dealing with Public Policy. This week,I will post on Monday April 15th, Wednesday, April 17th, Friday April 19thand Monday, April 22, 2019. FINDING GOOD MENTORS With today’s electronic communication we do not need to ...
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FINANCIAL LITERACY Read: FINANCIAL LITERACY IS JUST NOT THAT COMPLICATED – TRUST ME! Click below link https://wealthbuildingpowers.com/2019/04/01/financial-literacy-is-just-not-that-complicated-trust-me/Reduce spending to live within your means. BUDGETING Read: Do You Want or Need a Cadillac? Click below link HTTPS://wealthbuildingpowers.com/2018/01/23/DO-YOU-WANT-OR-NEED-A-CADILLAC/ Calculate how and what you spend your money on now and then figure out how to put more of YOUR HARD EARNED MONEY TO WORK - WHILE YOU SLEEP! Track your spending and see where your money is actually going because you will see opportunities to ...
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It is estimated the lack of financial literacy, cost Americans ~ $300 billion in 2018, or three Bill Gates’ fortunes. While financial literacy is not rocket science, 63% of Americans are considered "financially illiterate." People who are financially illiterate have difficulty applying financial decision-making skills to every day real-life situations. SO WHAT EXACTLY IS FINANCIAL LITERACY? Financial literacy is understanding all aspects of money, such as: taxes, savings, paying bills, retirement, budgeting, paying for ...
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In his January 1964 State of the Union address, President Lyndon Johnson proclaimed, “This administration today, here and now, declares unconditional war on poverty in America.” In the 50 years since that time, U. S. taxpayers have spent over $22 trillion on anti-poverty programs. Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all U.S. military wars since the American Revolution. Progress ...
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Let’s discuss a few of my hard-earned life lessons. I proudly admit I’m on a continuous journey at getting better. Below I will cover FEAR – FORGET ABOUT IT!SIERRA TANGO FOXTROT UNIFORM – YOUR WHINING AND COMPLAINING! MAP YOUR OWN DESTINATION – NOT MINE, NOT YOUR PARENTS – YOURS!NEVER EVER LET ANYONE STEAL YOUR JOY – N-E-V-E-R!FAILURE- A VERY TEMPORARY THING!GET RID OF YOUR LOSERS! FEAR - FORGET ABOUT IT Do you remember when ...
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INSURANCE AND ILLNESSES
PART 3 OF 3: DISABILITY AND LIFE-INSURANCE – {CONTINUED FROM PART 2: DISABILITY INSURANCE IS OFTEN MORE IMPORTANT THAN LIFE INSURANCE}
The purpose of these three blogs is to increase your awareness of the potential severe financial impact for people suffering from chronic illnesses or life altering injuries. Either an illness or injury can abruptly end your ability to work and earn a living. Recall that 40% of Americans suffer one or more chronic illnesses. And many struggle to survive day-to-day expenses and needs. There are actions you can take today to ...
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Last week I discussed the below strategies: Choose the best insurance plan you can affordLowering cost of medicationsEnsure your medical procedure and doctor are covered by your insurance You can read that information using below link: A FINANCIAL PLAN FOR LIVING WITH CHRONIC ILLNESS (PART 1 OF 3) https://wealthbuildingpowers.com/2019/02/25/a-financial-plan-for-living-with-chronic-illness-part-1-of-3/ This week I will continue with three additional strategies: Use an HSA or FSA for out-of-pocket medical expenses.Create an emergency fund.Stay organized and review medical bills for errors. USE ...
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The US Health Care system is a mess. This blog attempts to help you understand how to navigate our patched together health care system, for those with serious health problems and expenses. Over 133 million Americans or about 40% of our population suffer from a Chronic Illness with about 81 million having multiple conditions. A chronic disease/illness as defined by the U.S. National Center for Health Statistics, is a disease lasting three ...
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Approximately 76 million or 44 percent of Americans paid ZERO federal income tax in 2018. For the rest of us, about 70% will get a refund. Keep in mind because your tax bracket was most likely decreased for 2018, your refund will be smaller than 2017’s refund. WHAT YOU CAN DO WITH YOUR REFUND- TO GROW YOUR NET-WORTH PAY OFF HIGH INTEREST DEBT If you have credit card debt, this may be a perfect use for your tax ...
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INSURANCE AND ILLNESSES
PART 2: DISABILITY INSURANCE RESTRICTIONS AND HOW MUCH $$$ INSURANCE IS NEEDED {CONTINUED FROM: PART 1: INSURANCE SHOULD BE NO MORE OF AN OPTION THAN EMPLOYMENT!}
If I could have one ”do over” insurance decision, I would have purchased personal/private short and long-term disability insurance, in my 20’s. Recently I became one of the 40% of Americans with a chronic illness and applied for short and long term disability insurance. I discovered several loopholes and “20-foot concrete, steel-reinforced walls/barriers”, depending solely on and Employer Sponsored Disability Insurance Policy! RISK FACTORS Majority of you face the strong likelihood you will work for several ...
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INSURANCE AND ILLNESSES
DISABILITY INSURANCE IS OFTEN MORE IMPORTANT THAN LIFE INSURANCE {1 of 2 PARTS}
The United Stated has a population of about 327million people. About 40% of our population or over133 million Americans suffer from a Chronic Illness. And about 81 million Americans have multiple conditions. I am one of the 40% and suffer from an autoimmune disease called Sarcoidosis. I know first hand how a chronic illness can have a negative impact on your career and finances. Today’s blog will give some suggestions how to survive the ...
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Thursday night I was driving to the store (Ok it was a Bundt Cake Store- I lost momentary control!) and heard on the radio several Federal Prison Guards talking about the hardship of this partial government shutdown. The inability to pay for gas, many single officers sleeping at the prison to save gas money. One guard in tears saying he and his wife discussed what could they afford to buy for their ...
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Last week we talked about the need for having a minimum of six months expenses in your emergency savings. The partial government shutdown, which began Dec. 22, 2018, is unfortunately still going strong (THE KIDS IN DC CANNOT PLAY NICE). As you begin to grow your emergency savings you will need a plan for to put those hard earned dollars to work! Be sure to open separate account(s) to ...
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The partial government shutdown, which began Dec. 22, 2018, has stretched well into 2019 and may continue for weeks or months given the two parties inability to negotiate and behave like middle grade children. About 420,000 "essential" employees are working without pay, while another 380,000 have been ordered to stay home. In some cases, the furloughs have forced government employees to tap into their savings, apply for unemployment, add to their ...
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From my life lessons and LOTS of reading and studying, I built the below actions designed to build YOUR Sustainable Wealth. In 2018, I started drafting blog articles that outlined below actions in greater detail. As you think about what you need to create SUSTAINABLE (LIFETIME) WEALTH, let me know if I missed any major strategies or actions you would include. {Please scroll to the end of this blog and write your ...
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HAPPY NEW YEAR! I hope everyone enjoyed the holidays and were able to spend time with friends and family. How do we make 2019 a successful financial and investment year? You control the most important variable that determines 2019 and tomorrow’s success- YOU! What are you doing to achieve success in 2019? Did you write those boring New Year Eve promises that 63% of us, including myself, get an F grade on ...
Read MoreI started publishing Wealth Building Powers blog when I was suddenly sidelined from my professional career for health reasons. I worked in a field that strives to protect the lives and health of employees and the neighbors in the surrounding communities. I enjoyed my field and miss it as I made a difference by sending employees home safely at the end of their shifts and the end of their work ...
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Are you one of the 25% who is spending every spare minute and dollars you DO NOT HAVE hitting the malls and Amazon? Adding to the thousands of dollars of credit you are struggling to pay? Women incur ~$1500 in holiday debt and Men ~$1700. If you are NOT capable of buying gifts without increasing your credit debt, you need to DROP THOSE DANGEROUS WEAPONS OF WEALTH DESTRUCTION - YOUR ...
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We all love “BUY ONE GET ONE FREE” sales. Right? What if you got the same offer for cash? Deposit $100; receive $100 – FREE MONEY. I’m guessing majority, no make that ALL of you would be making that exchange 24/7. But on average 24% of you are turning down FREE MONEY! Approximately 24% of employees fail to contribute enough to their 401-K plans to receive the matching dollars – FREE ...
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What is the one thing we do not want to happen in retirement? I say death, but as this is an investment and finance blog- RUNNING OUT OF MONEY! Financial professionals recommend to maintain your current lifestyle in retirement, you need about 70-90% of your FINAL income, EACH YEAR. If your retirement final income is $100,000 you need $70,000 to $90,000 annual income. Because of the extension of life expectancy and ...
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RETIREMENT
SMART PEOPLE (AND THE IRA) ARE INCREASING 2019 401-K, IRA, ROTH IRA OR SEP CONTRIBUTIONS/LIMITS
In 2018, the Federal Government increased maximum allowable contributions to retirement plans, such as 401-K, IRA, ROTH IRA and SEP plans. Why is Congress being generous and increasing retirement contributions? A. Congress really cares about our welfare. They want to help taxpayers. B. This is an automatic inflationary increase. Congress makes inflationary increases to contribution limits biannually. C. Congress is worried and panicking majority of Americans cannot afford to retire and will further ...
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To take advantage of ups and downs in the price of stocks, many investors, including myself, utilize Dollar Cost Averaging (DCA) as a strategy. DOLLAR COST AVERAGING: is an automated and disciplined investment strategy. It removes emotions from the investment process because you are investing a fixed amount of money at set periods. As the price of an ETF, Mutual Fund, or stock varies from month to month, you acquire the ...
Read MoreMany investors both institutional and individuals sold in October 2018. What about you? I am not smart enough to guess the best time to get out and return to the market, so I held my positions. I have survived numerous corrections, like this October 2018, where I lost significant PAPER Net-Worth. BY recognizing my inability to time the market and just sit still, my Net-Worth increases most years. Taking No Action ...
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For a $500,000 home, the difference between a 760 and a 620 credit score could cost you more than $150,000 in additional interest payments, over 30 years, due to higher rates! This is an example of one cost savings and there are several more below. Credit vendors, banks, landlords, etc. use our credit scores to evaluate our credit worthiness. Your creditworthiness is the likelihood you will pay your debt or NOT. Our ...
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FINANCIAL LITERACY , SAVINGS
WHAT IF I TOLD YOU THAT BRAND NEW DREAM CAR IS COSTING YOU ~$800,000 OVER THE NEXT 30 YEARS? STILL WANT IT?
Have you noticed how many new car commercials are on television EVERY day? The automobile manufactures spend $ BILLIONS advertisement dollars annually. They hire young, good-looking actors, leaping for joy to acquire a 72-month car payment! Because the car manufacturer and dealers want YOUR HARD EARNED MONEY! If you resist these ads and YOUR own excuses, and invest 30 years of new car money, you will grow YOUR ...
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Regardless if you are a Doctor, Physical Therapist, Landscaper, etc., the average American spends almost 70% of after tax dollars on just three items: Housing, Transportation and Food. We save on average, four percent. This lack of savings is a recipe for future Titanic size disaster. You will struggle to help your kids attend college or trade school. You will possibly be unable to pay for your Housing, Transportation, ...
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Years ago I worked for BP Oil and Gas. BP had the best 401-K plan I have contributed to, matching seven percent of my salary, IF I contributed my seven percent. Easy decision! But one thing I found interesting (the British usage) was the huge number of funds we had to select from. It was well over 200 funds we could choose from. Maybe you love choices, but for many people ...
Read MoreWhen is the last time you celebrated a financial win? I listen to my friends and readers tell me how difficult their financial problems are to solve. And I agree - IF you look at their obstacles in totality it may seem insurmountable. We see a steep mountain, in Siberia, covered in ice, with below freezing temperatures and wind chills of -40 degrees. BRUTAL! Let’s ...
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FINANCIAL LITERACY , RETIREMENT
DO NOT DONATE YOUR HARD EARBED MONEY FROM YOUR RETIREMENT ACCOUNTS TO COLLEGES TO PAY FOR YOUR KIDS EDUCATION!
Years ago, due to a layoff, my friend faced the dilemma of cashing in his 401-K Plan for his kids education or letting them take college loans. Today this is a common dilemma many parents face. Seventy five percent of parents report a willingness to delay retirement to help their kids get through college. It is expected by 2024, ~25% of those 65 and older will ...
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FINANCIAL LITERACY
DO YOU LOVE YOUR ADULT KIDS? IF YES – HELP THEM TO A STRONG FINANCIAL START IN LIFE!
My Dad and Mom, helped prepare me to become successful. As a father, I have that same responsibility to help my daughter succeed. I constantly read how the majority of Americans live check to check. I have been laid off too many times to live check-to-check! My parents taught me the value of budgeting, living beneath my means, growing my emergency savings, etc and I survived ...
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FINANCIAL LITERACY , INVESTMENTS
YOU HAVE TWO CHOICES –YOUR COMMITMENT TO A GOOD LIFE OR FEAR. PICK!
I fear failure and have sometimes avoided risk and MY OWN DREAMS. Imagine all the great things that would NOT have happened in the world if so many denied their dreams due to fear. Some of you have expressed your fears in starting to invest. People find change to be difficult and that makes us hesitate to take actions to reduce debt, build emergency savings, fund 401-K plans and ...
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FINANCIAL LITERACY , INVESTMENTS , WEALTH BUILDING POWERS
THE NEED FOR MULTIPLE STREAMS OF CASH FLOW
Click on Today's Blog Quick Video Summary https://biteable.com/watch/embed/multiple-streams-of-income-1922859 MULTIPLE STREAMS OF INCOME on Biteable. Last week we discussed the criticality of finding good mentors. One of my favorite mentors taught me the value of this week’s topic- Multiple Streams of Income. My Uncle, a public school teacher in NC, {NC, my home state, pays educators well below national average.) through hard work developed the following multiple income streams: Teacher’s Salary; Cash From 31 ...
Read MoreClick on below to see brief introduction video. Use backspace to return to blog. https://biteable.com/watch/embed/mentors-1916337 Mentors on Biteable. Last week we discussed the wealthy‘ s obsession with reading. The wealthy are MORE obsessed with finding coaches, role models, and MENTORS. “It’s better to hang out with people better than you.” We cannot know everything, but can find the right people to help us learn and be better. Your assignment - Work harder at ...
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Buying a home should be an investment and can be a key component in building wealth. Every mortgage payment means you OWN (build up your equity in the home) more of your home, which you will get back when you sell it (hopefully at a higher price than you paid for it, but that's not always the case).
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To achieve financial success, I identified successful investment mentors. If you aspire to be a great photographer, you want to learn from successful photographers. If you achieve financial freedom, make an intentional effort to learn from individuals you aspire to be: other wealthy and successful people.
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How many truly stupid people do you know who are rich? The objective today is to avoid being consistently stupid. Stupid happens every day and it happens to the best of us. But you can learn from others and from me to avoid making stupid investments. You are on your own in other matters. My definition of stupid: - Making decisions that appear to lack common sense. I cannot count the ...
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Actions in education, economics, incarceration, are NOT going to solve this problem. There is too little communication or action, on this subject. Federal, state, and local governments, will NOT address this issue. It is up to our communities, our places of worship, and you, to make a difference.
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MENTORS
Dr. Anna Julia Cooper’s Unbelievable Journey: Born a Slave; High School Graduate; University Graduate; High School Principal; Earned a Phd; And a Mother! WOW!
During his tenure at UCLA, Wooden led the Bruins to 10 NCAA national championships in 12 years, including an unprecedented seven consecutive titles from 1967 to 1973.
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Disclaimer: Good Day, Readers. The WealthBuildingPowers blog is a financial literacy/competency blog, and it does not provide specific investment recommendations. 🧾 One Sheet to Rule Your Wallet: Lifetime Financial Plan Screenshot Start now, retire rich. Seriously—this one-sheet could be your golden ticket to millionaire status (and early beach days). 💸 The Basics Screenshot Kill credit card debt monthly. Interest is a villain—don’t let it win. Save 20% of your after-tax income. Can’t hit 20% yet? Trim the fluff and work your way ...
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Disclaimer: Good Day, Readers. The WealthBuildingPowers blog is a financial literacy and competency blog, and it does not provide specific investment recommendations. Let’s be real: Black Americans still rank at the bottom in education, employment, income, and more. But we’ve come a long way—and that deserves celebration. In 1940, a staggering 87% of Black Americans lived below the poverty line. By 2023, that number dropped to under 18%. Among Black married couples, the ...
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Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. Hard Work; Never Give Up; Make the Right Choices; Fix Your Own Errors; Treat People Kindly Muhammad Ali Hard Work - I Never Met a Successful Person Who Did Not Earn It! I was at my favorite store, Costco, and noticed a young man I often see working there. He is a dedicated hard worker. The ...
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Disclaimer: Good Day, Readers. The WealthBuildingPowers blog focuses on financial literacy and competency, and it does not provide specific investment recommendations. Disability and Life Insurance! Your biggest asset isn’t your house or car. It’s your ability to earn money. Financially literate people protect their ability to earn money in sickness and in health. Disability insurance Disability insurance is a crucial coverage that most people skip. If you have a health crisis or accident and ...
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Disclaimer: Good Day, Readers. The WealthBuildingPowers blog focuses on financial literacy and competency, and it does not provide specific investment recommendations. From Good To Great To “Ghetto” Thomas Sowell, an alum of Dunbar High, is a renowned American economist, social theorist, and political commentator known for his influential work in economic history, race relations, and public policy. Raised in Harlem, New York, Sowell overcame early hardships to earn degrees from Harvard (BA), ...
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Disclaimer: Good Day, Readers. The WealthBuildingPowers blog is a financial literacy and competency blog, and it does not provide specific investment recommendations. When we talk about poverty, most people think of financial metrics—low income, minimal savings, and limited net worth. However, poverty doesn’t just manifest in bank accounts. It shows up in health outcomes like obesity and diabetes. It appears in classrooms, where educational achievement is lagging. It appears in communities where opportunity seems out of ...
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Disclaimer: Good Day, Readers. The WealthBuildingPowers blog is a financial literacy and competency blog, and it does not provide specific investment recommendations. Wealth isn’t just about income — it’s about allocation. Here’s how high-net-worth individuals typically structure their portfolios: 🧠 Confidence: The Invisible Currency Wealthy people don’t just have money — they have belief. They walk into rooms and take the head seat at the table, believing they belong. They expect opportunity. They act from a place of deservedness, not scarcity. They ...
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Disclaimer: Good Day, Readers. The WealthBuildingPowers blog is a financial literacy and competency blog, and it does not provide specific investment recommendations. 🏈Fumbled Fortunes: Why Wealth Is Just Another Game You’ve Gotta Learn to Play Picture this: a teenager who’s never seen a TV is plopped in front of an NFL game. She watches in wide-eyed confusion as a swarm of oversized men crash into each other like caffeinated rhinos. There’s a weirdly ...
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Disclaimer: Good Day, Readers. The WealthBuildingPowers blog is a financial literacy and competency blog, and it does not provide specific investment recommendations. Was BLM More Than A Catchy Slogan? I’ve been criticized for not publicly supporting Black Lives Matter. Not because I don’t care about Black lives—of course I do—but because I’ve questioned what the movement could/would deliver. Years after the slogan swept across headlines and BLM was painted on the streets of ...
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