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5 Signs That You’re Being Too Frugal
Don’t get me wrong, being frugal has its benefits. I credit a strong sense of frugality for my ability to eliminate student loan debt or even find the money to start The Frugal Feminista. As a personal finance philosophy, Frugality will enable you not only to build wealth, but to
EBONY’s New Owners Set Sights on Expansion
For Michael Gibson and Willard Jackson everything they needed was in place. Seven decades as a vanguard for the African American community? Check. A media company equipped with the staff and management they wanted? Check. Positioning to take advantage of emerging digital platforms for growth? Check. So when their company,
Bridging the Gap Between Black Banks and the Black Community
Leah Chase recalls a time when she couldn’t get a loan from a White-owned bank to expand her now-legendary New Orleans restaurant. “I remember my husband going to a bank we used for years,” said Chase, 93. “When we went to get a loan, we couldn’t. This was in 1957,
What Happened to the Black Banks?
America has half as many Black-owned banks as existed 15 years ago. Exactly why these banks have disappeared is complex, but Black bankers say the cost of doing business, the financial instability of their communities and counterproductive federal policies have created overwhelming challenges. “People assume [Black bankers] don’t know what
Increasing Black Wealth Takes Generational Sacrifice — It Always Has
Several months ago I heard a distinguished, older Black man, U.S. Court of Appeals Judge Damon J. Keith, speak at an event and he made many profound statements. We were all taking notes, to refer to later for our own encouragement; and, we all rushed to get a copy of
