Showing 5 results for:

passive-income

All results

5
How Anthony Edwards Balled His Way Into A $40 Million Net Worth

Anthony Edwards has been making headlines recently for his prolific performance on and off the court . Since joining the NBA in 2020, the young legend has already managed to stack up a list of accolades a mile long and has even landed a front-and-center placement as the subject of a season-long documentary with Netflix’s Starting 5 . The latter has seen Edwards popping up in the news a lot lately, due to his braggadocios nature and tendency to roast Jayson Tatum every chance he gets. Since Edwards has become such a major media figure in recent years, it only makes sense that we take a look at his net worth and various streams of income . According to Celebrity Net Worth , Anthony Edwards is currently packing an impressive nest egg of over $40 million, exemplifying his meteoric rise to super-stardom. So, let’s take a moment to study Edwards’ rise to popularity, college and NBA records, and other various streams of income to see what we can learn about his fast accumulation of...

Oct 10, 2024

'We Barely Made It' — How Jackie Cummings Koski Retired With $1.3M As A Single Mom At 49 After Facing Financial Hardship Growing Up

This is the lifestyle of ease that people dream of acquiring at some point in their lifetime! Living a life free of financial hardship has always been a desire for Jackie Cummings Koski. As the daughter of a single dad, the 51-year-old recalled money always being scarce growing up with five siblings and wanting to ensure that this wasn’t the case for her as she became an adult.

Sep 12, 2022

Money Avenue CEO A. Donahue Baker Explains The Keys To Building Generational Wealth

Unfortunately, generational wealth isn’t readily available to Black Americans, but this founder is on a mission to change that. A. Donahue Baker is the co-founder and CEO of Money Avenue and is on a mission to help people create generational wealth through real estate acquisitions and entrepreneurial investment opportunities. When he isn’t leading change through his company, he is teaching entrepreneurship at Morehouse College or serving the community as a Certified Public Accountant. He defines generational wealth and highlights a key misconception most have when identifying wealth in that light during the latest episode of Black Tech Green Money with host Will Lucas. “One of the misconceptions is that generational wealth is simply making sacrifices in your own personal life that it will benefit the next generation,” said Baker. He also uses his own personal experience to highlight how generational wealth goes beyond just making those sacrifices. “I have a three-year-old son, his...

Apple Partners With HBCU To Launch 'Smart Campus' To Set Students On A Path To Generational Wealth

Virginia Union University (VUU) is launching a new transformative initiative that’s pairing tech with generational wealth for its students. According to an announcement, the historically Black university has announced its partnership with Apple as well as a Smart Campus initiative, which will provide its first-year students with a bundle of the tech giant’s products to help them with their studies and prepare them for the workforce. The new initiative — referred to as “Mobile Learning, Mobile Life” — will reportedly start by offering the incoming class of 2025 an iPad Air, Apple Pencil, Smart Keyboard Folio, Apple Watch and AirPods Pro. VUU President and CEO Dr. Hakim J. Lucas claims that the Smart Campus initiative will not only assist students in their educational pursuits, but the devices will also be used to help them as they become working professionals and set them on a path to build up wealth for their families. “Creating a Smart Campus at VUU is critical to the academic...

Jun 23, 2021

You Can Only Work So Much: Passive Income Can Help To Build Generational Wealth

Your paycheck helps you live, but accumulating wealth takes more than a steady 9 to 5 with a nice salary. The average millionaire has seven streams of income. Rather than solely earning a salary from a single occupation, financial prosperity is generated by multiple investments that earn money without requiring active work, also known as passive income. If you’ve ever heard someone say, “it takes money to make money,” or something along the lines of, “rich people make money in their sleep,” you’ve heard about passive income. Take a look at the first Black female and male musicians to reach billionaire status, Rihanna and Jay-Z. Rihanna went nearly bankrupt then grew a $600 million net worth. The majority of Jay-Z’s income is the result of smart investments and business ventures, such as clothing lines, sports teams, music streaming and restaurants. The path to wealth building is rarely that straightforward, however. The racial wealth gap offers some proof. According to the 2019...

Apr 28, 2021