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How Coco Gauff Is Maintaining Her Growing Net Worth While Enjoying The Fruits Of Her Labor Thanks To Financial Advice From Her Father

Black Girl Magic is real, and Coco Gauff is evidence of this phenomenon. Born in 2004, Cori Dionne “Coco” Gauff is an American tennis player who comes from an athletic family. According to PEOPLE, her parents, Corey and Candi, were on the road to becoming professional athletes as well. Gauff’s dad, Corey, played college basketball at Georgia State University, while Candi was an accomplished track and field star at Florida State University. Though the two don’t take full credit for Gauff’s athletic prowess, they acknowledge that their own experiences as athletes provided a solid foundation for understanding the dedication and discipline required to perform at a high level. Their support and guidance have been instrumental in creating the atmosphere for her to succeed. “I think it helps parents when they have played as high as college or even pro,” Gauff’s father told The New York Times in 2019. “You better understand the process and so you don’t get too jittery about it. You don’t...

Jul 11, 2024

Michael Rainey Jr. Shares A Piece Of Financial Advice That He Learned From His Mentor 50 Cent

For almost a decade, Michael Rainey Jr. has been a staple in 50 Cent’s TV reign on Showtime. Following the release of “Power,” the actor went on to star in its spinoff, “Power Book II: Ghost.” As the series is in its fourth and final season, Rainey has recounted his journey of being a part of the successful TV franchise. During an interview on Forbes’ “New Money” podcast, he spoke about how 50 Cent has not only been a mentor to him but also a father figure. Working closely alongside the business mogul and fellow co-stars of the “Power” franchise such as Omari Hardwick and Joseph Sikora, Rainey shared that it served as a time for learning critical skills including how to handle his money responsibly. “I’m still young, so I’m still learning how to manage my money, but I really just take advice from people that are around me,” Rainey said. “Being on ‘Power’ not only changed my life career-wise, but just being on that show, being on set with everybody every day, just being around those...

May 14, 2024

Joe Budden Says He's Made About $4M From His Success In Podcasting And Offers Advice To The Industry — 'This Is Not Unimaginable If You Work Hard'

Joe Budden is getting candid about his career podcast earnings. According to Vibe, the rapper-turned-podcast-host recently shared that he has earned at least $7 million since he made the career transition, pocketing a reported $4 million from that after taxes. “Off podcasting, off of this?” Budden said during an episode of “The Joe Budden Podcast.” “All together in the whole 10 years? About $4 million… Gross is $7 million.” He also opened up about how he and his team managed to get to those numbers, noting that inking partnerships with various brands along the way has been beneficial. “Early on we were doing it for free,” Budden recalled. “Then we hit a little lick, Spotify. Then n—as left, the building crumbled a little bit, and my friends came and saved the day.” As previously reported by AFROTECH™, he shared the real reason that he walked away from Spotify’s initial offer. “In business, there are signs, for me, that show faith in a relationship,” Budden said at the time. “And me...

Apr 26, 2024

16 Unique And In Demand Tech Startup Ideas

Getting into the tech business is becoming more appealing with every success story we come across. Technology is the future and it will only continue to be that way as it evolves. Common folk with an idea and a dream are taking their unique tech startup ideas and turning them into a profitable business . It can truly happen for anyone willing to put in the work and pursue it with the right amount of determination. However, it is first essential to have a promising idea. Tech startups can operate across various industries, from healthcare and finance to education and entertainment, aiming to disrupt traditional models, improve efficiency, or create entirely new experiences for consumers or businesses. These startups often seek to address a specific problem or need in the market using technology as a fundamental component of their solution. Good tech startup ideas do not need to be something a person is highly knowledgeable about or skilled in; the idea just needs to be original and...

Jan 26, 2024

Where To Find Startup Grants For Your Business In 2024

Those seeking funding for their small business have the debt-free option of applying for startup business grants or small business grants. These grants are typically awarded by government entities, private organizations or corporations and, unlike loans , are not expected to be paid back. There are incentives for these companies and organizations to award these grants, as the new businesses could create economic growth or support a certain cause/research topic (like social or environmental) that one of these entities is interested in. These grants are highly competitive and have very specific requirements that must be met before they are awarded. Most likely, applicants will need to prepare by verifying the eligibility criteria, funding amount, application deadlines and any restrictions of a grant that their business aligns with. Also, ensuring the applicant’s business is specific enough to the grant’s requirements is very important . Doing so ensures the applicant has a better...

Jan 19, 2024

How To Sell Yourself With An Elevator Pitch

Even if you’re not a salesperson, the day may come when you need to convince someone — anyone — that they should take a chance on you. This could be a job interview , when you’re jockeying for a promotion, decide to start your own business and are trying to make sales or secure clients, or if you need to lobby for funding . Whatever the goal, you need to give your target audience a persuasive reason why they should give you the job or promotion, shop with you over a competitor, or fund your business instead of another startup. To do this, you need to sell yourself. This can include creating a thorough presentation that outlines the benefits of someone aligning themselves with you. But you need a good elevator pitch to draw them in before you get to that step. What Is An Elevator Pitch? Once upon a time, people literally did chase after executives, corner them in an elevator, and essentially pitch themselves as a viable option. Whether this was to get a job or secure a business deal,...

These Black Men Millionaires Are Offering Up Some Invaluable Advice On Wealth-Building

While Black men who are millionaires are becoming more common in this day and age, there’s still a noted disparity between them and millionaires of other races. According to the Financial Samurai, there are some pretty mind-boggling statistics to consider when it comes to millionaires. For example: If you are a Black man with only a high school diploma, your chances of becoming a millionaire are only one percent. But having more education doesn’t improve your chances exponentially, because if you’re a Black man with a master’s degree, you only have a six percent chance of becoming a millionaire (A white man with a master’s degree, however, has a 38 percent chance of becoming a millionaire). These statistics alone indicate that millionaire Black men have to go through more to achieve the same thing as their non-Black counterparts. These six millionaire Black men had some invaluable advice to impart — so if you’re looking to join that rarefied strata, read on.

Remembering Nipsey Hussle: 5 Prolific Lessons to Motivate Every Entrepreneur

A year ago today (Mar. 31), Crenshaw-bred rapper Nipsey Hussle, born Ermias Asghedom, was gunned down in the parking lot of his Marathon Clothing retail store. The Los Angeles shopping plaza, owned by Hussle, was not only a symbol for the Grammy award-nominated emcee’s rise, but it was also an emblem of his love for his neighborhood and motivation toward increased economic growth in the Black community. By age 33, the prolific artist and businessman made historic and unprecedented strides toward success. In 2013, the All Money In record label founder launched the Proud 2 Pay campaign to promote his $100 mixtape, “Crenshaw.” In 2017, he collaborated with tech innovator Iddris Sandu to establish The Marathon Clothing flagship as an app-driven “smart store” to offer his fans exclusive content and products. By February 2018, Hussle co-founded Vector90 , a co-working space and STEM education incubator to promote intellectual discovery and diversity in tech. In addition, Nipsey Hussle...

Mar 31, 2020

4 Steps To Secure Funding From An Investor

Roughly one in four businesses are unable to receive the funding they need.  According to the SBA, business loans and credit cards account for about three-fourths of financing for startups. However, these methods of funding can be difficult to acquire due to business age, revenue criteria, or credit considerations. Some businesses can benefit more by securing funding from an investor. Here’s how. 1. CREATE A PLAN It’s very important to have a plan before presenting your proposal to investors. If you don’t, they won’t take you seriously. So make sure you have a growth plan in place, which will show investors that you have a long-term, detailed plan for development. Also, you’ll need a budget to acquire your first customers. Calculate your reliable revenue and expenses for the year. Investors want to have confidence that you know what you’re going and that you have clear goals about the direction you want your company to go. 2. NETWORK Finding the right investor for your startup is...

Nov 13, 2019