Black Financial Expert Boyce Watkins Joins AOL

Syracuse, NY – Dr. Boyce Watkins of Syracuse University has recently joined America Online as a financial writer and expert commentator.  He will be the resident Financial Expert for AOL Black Voices, the premier Black news website in America, with over 100,000 readers per day.  Dr. Watkins has been on the faculty at Syracuse University [...]

Your Black News: New York Pastor Gets $600K Pay Package

Dr Boyce Watkins
www.BoyceWatkins.com
I read today about the financial compensation package of pastor Brad Braxton of the New Riverside Church in Manhattan.  Here is the breakdown of Braxton’s compensation:
$250,000 in salary.
$11,500 monthly housing allowance.
Private school tuition for his child.
A full-time maid.
Entertainment, travel and "professional development" allowances.
Pension and life insurance benefits.
An [...]

Should Gibson’s Wife Get Half a Billion?

In this episode of Financial Lovemaking, Dr. Boyce and S. Tia Brown discuss Mel Gibson’s Half billion dollar divorce.  They also discuss various issues that relate to how couples should merge their love and money together.  Click the image to watch!

Technorati Tags: black money,african american,black wealth,african american wealth,couples and money,relationships and money,love and money

The RushCard: Predatory Lending or Financial Philanthropy?

From Dr. Boyce Watkins
To the YourBlackWorld family:  Some of you saw my recent critique of the RushCard, the new prepaid debit card issued by Russell Simmons.  Some took my article about the RushCard and interview about the Rushcard on BBC World news and The New York Times to imply that I have serious problems with [...]

Obama Asks for Budget Cuts

President Obama said Saturday he will ask all of his department and agency heads for specific proposals for cutting their budgets at his Cabinet meeting early next week as he searches for ways to streamline government spending.
Obama, who is attending the Summit of the Americas in Trinidad this weekend, said in his weekly radio and [...]

Dr Boyce in the NY Times: Is The Rushcard a good thing or Predatory?

In a speech today, the Federal Reserve chairman Ben S. Bernanke talked about the need to “strike the right balance: to strive for the highest standards of consumer protection without eliminating the beneficial effects of responsible innovation on consumer choice and access to credit.”
Where exactly regulators think that “balance” lies has varied greatly over time. [...]

Donald Easton-Brooks Explains the Wealth Gap

This study examined whether socioeconomic indicators including wealth, parents’ education, parents’ occupation, and parents’ income predicted the academic outcomes of African Americans and European Americans differently. Using a sample of 1,302 African American and 6,362 European American public high school students drawn from the first- and second-year follow-up of the National Educational Longitudinal Study of [...]

Why the Rushcard May Not Be a Good Thing

Dear Mr. Simmons: My name is Ryan Mack and I have followed your career for most of my life. I have been a long-time admirer of your work, a tremendous fan, and believe that millions are inspired by the paths that you have created in the field of Hip-Hop. More importantly, [...]

Predatory Lending in the Black Community: Is Russell Simmons a Perpetrator?

Dr. Boyce Watkins, one of the world’s leading Financial experts and Black Social commentators, spoke with BBC World news about the RushCard, which has been heavily adopted in Black communities.
Watkins wrote this commentary about the Rushcard and you can click the image below to listen in on the interview.  Dr. Boyce Watkins is a [...]

Predatory Lending in the Black Community

 
Why Financial Predators Usually Have Black Prey
By Dr. Boyce Watkins
www.DrBoyceMoney.com
I talked to my good friend Ryan Mack, CEO of Optimum Capital Management, the other day. Ryan wrote an interesting piece about The Rushcard, a new prepaid debit card offered in a partnership between Russell Simmons and Unifund, a company that typically makes its money from [...]

Tia Brown on Communication

This week I look at issues of respect from both co-workers and your nearest and dearest. I am 28-years-old and work in an office full of 45-56 year-old women. My issue is how to talk to them when they say things I do not like without being disrespectful. – Young & Angry [...]

Your Black Money: Black Scholar Speaks on Predatory Lending

by Charles Lewis Nier III
Responding to a controversy regarding incendiary remarks that surfaced in the media from his former pastor, Reverend Jeremiah A. Wright Jr., United States Senator and Democratic presidential candidate Barack Obama came to the City of Philadelphia to deliver a major address on the issue of race in the United States. In [...]

Don’t Let Your Tax Deadline Cause you to Make Mistakes

Gentlemen (and ladies), start your engines. Tax Day is less than a week away.
But as you race toward the finish line, be mindful of common tax-filing errors. Some mistakes could cost you money. Others could raise red flags at the IRS. Tax software will do math and point out tax breaks you might overlook, but [...]

The Cost of Kids: Baby’s Aren’t Cheap

By: Sarah Horner April 8, 2009 An article from MSNBC.com entitled, "Budgeting for Baby: What does it really cost?" outlines exactly how much having and raising a child will cost you. "If you’ve [...]