Creating Generational Wealth
The basics of wealth building, assets, liabilities, budgeting, and legacy planning.
Category: Feature
2023: America’s democracy in crisis
Hip-hop turned 50 this year – ‘never thought hip hop would make it this far.’ Hip-hop’s 50th was probably the highlight of 2023, everything else seemed a low light reminding us how fragile our democracy is. Last year, the demise of Roe v. Wade, sent Read More …
Peter Mondavi Jr. on multigenerational wealth
The next generation of billionaires will not be entrepreneurs but those who inherit multigenerational family wealth. “Billionaires have accumulated more wealth through inheritance than entrepreneurship, indicating that the great wealth transfer is gaining momentum,” according to a UBS study. By the numbers: In just the last Read More …
ESSENCE over 50 years celebrating Black women
After the 2020 election, phrases like “listen to Black women” were oft repeated, but not a reality for Black women in politics or business. The Women’s Right movement in America has been tied to the emancipation of Blacks and civil rights. To defeat talks of emancipation or Read More …
Hip-hop’s impact on Black businesses
The 50th anniversary of hip-hop coincides with the national Black business month in August, and the former has been a driver of growth and empowerment for the latter, according to leaders in the music genre’s industry. Hip-hop is an industry with an economic impact of $16 billion and has launched Black-owned Read More …
Nasdaq celebrates hip-hop’s 50th
LL COOL J rang in hip-hop’s 50th anniversary this month at the Nasdaq’s opening bell, underscoring how influential and profitable the genre has become. The bell-ringing at Nasdaq was last week, but today, August 11, is the official anniversary. An industry with an economic impact Read More …
Juneteenth: High on the Hog
Honored to co-host Yahoo’s Juneteenth interview of Stephen Satterfield, host of Netflix’s High on the Hog docu-series. Part One: The meaning of “high on the hog” Part Two: America’s culinary tradition – Hercules and James Hemmings Part Three: The power of food to unite and teaser Read More …
When women lead businesses thrive
As Women’s History Month comes to a close, Nasdaq had women leaders at Monday’s closing bell. With only 10% of Fortune 500 companies led by women, the symbolism of having some of the most innovative women at the intersection of finance, funding, and founding at Read More …
Tax policies have disparate racial impact
Tax breaks and tax enforcement are not agnostic when it comes to race, according to a pair of recent studies. White taxpayers disproportionately benefit from five studied tax breaks versus Black Americans, in many cases when adjusting for income, according to a Treasury study from the Read More …
Student Loans: One-time IDR payment adjustment
Income-driven repayment (IDR) plans were considered a fix to a broken student loan system, offering borrowers monthly payments based income, unlike standard payment plans. An additional benefit of IDR plans was that after 20-25 years of repayments, the remaining balance would be discharged. However, over Read More …
Discriminatory impact of AI algorithm bias in insurance
While artificial intelligence (AI) technology has made mortgage underwriting and insurance claims faster and easier, it could also unintentionally discriminate against protected classes. The Casualty Actuarial Society (CAS) this year acknowledged “the potential impact of systemic racism on insurance underwriting, rating and claims practices” in four research papers examining the Read More …
Steve Stoute: ‘If you don’t own, you can’t create generational wealth’
From remote working to the gig economy, technology has allowed workers more autonomy over their professional lives. This impact is especially evident in the music industry, when before if you didn’t have a record label contract you couldn’t make it. Now, independent artists are retaining Read More …