Mar 15, 2023
Feb 2, 2022
Not everyone is an investor. But thanks to platforms like Public and Robinhood , you do not have to have a degree in economics or work at Goldman Sachs to get in on the stock market action. Once reserved for only the most savvy of analysts and the wealthiest of investors, the playing field is far more level — at least in terms of accessibility. However, having access to opportunities and knowing what to do with them are two very different stories. In particular, there is something known as the Fear and Greed Index (developed by CNN) and it directly impacts how successful one can trade traditional stocks or even crypto currencies like Bitcoin. So, if traders are ready to dabble those toes into the stock market, crypto, or both, keep on reading to learn about this critical tool. What Is The Fear And Greed Index? Whether a person is trading crypto or traditional common stocks , the Fear and Greed Index is a tool that helps decide when to jump into a commodity, when to hold it and when...
Magic Johnson wants to ensure the youth have an early start on their road to financial literacy.
When people think about building wealth, many are drawn to the immediate gratification that they may see via social media, celebrities, etc. And many are consistently looking at diverse ways to increase their current worth, from earning a top salary, strategically investing, to starting a business or side hustle. And rightfully so. Today’s job market and economy are in flux. With major layoff announcements occurring almost weekly, earning all you can seems to be at the top of people’s minds. Considering the aforementioned, having a wealth building plan is crucial to the pathway towards building and maintaining financial wellness that leads to creating generational wealth. It all starts with developing positive savings habits and learning how investments and insurance can be wealth-gaining tools, providing security for the future – for yourself and for those you love. What is important for many is breaking down the stigma that financial health and generational wealth are only...
Our Wallet is on a mission to provide teenagers from BIPOC backgrounds with financial literacy education.
Aug 31, 2023
One common misconception about managing money is that the decisions of one individual only affect that person. Because our lives exist in ecosystems that impact multiple people, creating a financial plan often must bear in mind all those connected to the source. But how do you establish a personal financial model that is best for the earner and still beneficial for all involved? Getting your family or loved ones on board with an agreed-upon financial support model may not be the easiest thing to do, but it is not impossible. MassMutual believes one must build that financial planning muscle to achieve those collective goals. MassMutual wants to empower people with tools to align with their loved ones on a shared vision to achieve financial dreams and peace of mind – providing an understanding of how to do so with a growth mindset. Here are a few ways to strengthen financial muscles for you and your family. Budgeting Creating a budget that accounts for all income and expenses is a...
Aug 18, 2023
It was not until Terry Crews became an actor that he reached financial freedom.
Everyone wants to make money moves, but does everyone know what it takes to keep those moves going? Managing income and assets requires great diligence and intentionality, and for many celebrities and influencers that job is covered by someone they have vetted and trusted. However, NFL player Calais Campbell did some cross-checking of his finances and soon found out that the person responsible for managing his money had made a five-figure mistake.
Implementing a lesson learned in his life helped make Rotimi’s finances stay in the green.
Jul 25, 2023
The passing along of wisdom, particularly in the Black community, is a rite of passage. Learning from an Elder or an “OG” is a core part of Black culture and can even find roots in the historic nature of storytelling and oral history exchanges. NBA veteran Andre Drummond has found himself in the proverbial seat of an uncle and was recorded dropping some knowledge on a group of young athletes while coaching. But what makes Drummond’s words of wisdom worth digesting for future and practical use? Drummond is a Mount Vernon, NY, native. The center entered the league in 2012 as the ninth pick of the Detroit Pistons. As a current player for the Chicago Bulls, Drummond has experienced a range of career highlights, including making the NBA All-Rookie Team 2nd Team in 2013. While he’s spent time with other NBA teams like the Los Angeles Lakers, Philadelphia 76ers, Cleveland Cavaliers, and Brooklyn Nets during his ten-season career, his current placement with the Bulls is proving beneficial....
Jul 11, 2023
Despite the wealth he acquired as an NBA player, Iman Shumpert hasn’t squandered it.
Jul 3, 2023
Dwyane Wade has taken a moment to clear the air regarding his family’s household.
Jun 15, 2023
There was once a space and time when we almost didn’t get to hear one of the biggest love songs ever.
Jun 14, 2023
Over nearly three decades, Gabrielle Union has built herself into a household name in Hollywood. Throughout her career, the veteran actress has always been transparent about her come-up, which came with its shortcomings.
May 16, 2023
No matter the debate, Sean “Jay-Z” Carter will go down as one of the most influential rappers of all time. While Carter is mainly known today for his business moves, his long-standing music catalog put him on the map. From topics about his upbringing to the cultural nuances of his community, Jay-Z is no stranger to communicating the times and providing classic bops along the way. At this stage in his career, his business acumen and his music have consistently collided. The billionaire gives listeners consistent insight into how he thinks financially and how getting to the bag is more than just a notion. One of the shining examples of this concept is on his last solo project, “4:44.” While some saw it as a response to Beyonce’s “Lemonade,” others tapped into the financial gems he dropped throughout the album. AfroTech previously reported that fellow rapper Bow Wow noted the 2017 album as a piece of financial wisdom, providing him with an improved financial mindset. But the...
May 10, 2023
It’s one thing to have your education paid for, but what about walking away from college without any debt?
May 9, 2023