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Originally posted on Majic 102.1:
According to the Institute for Policy Studies, the wealth of the Forbes 400 billionaires is equal to the wealth of the entire African American population. There are currently 41 million blacks in America. After the economic crises in 2008, wealth, specifically in African American households, declined dramatically. According to the research, the amount of billionaires that would fit “in a high school gym” equals to the entire number of black households – about 14 million.
On the list of billionaires includes only one African American woman: Oprah Winfrey. Winfrey holds a net worth of $2.9 billion. She is one of six other black billionaires all over the world.
The numbers are also supported by the homeownership percentages for African Americans. 43.1 percent of blacks are homeowners while white homeownership is at 73.3% and Latino at 47.6%. According to the study, African Americans make up 13 percent of the U.S. population but have only 2.7 percent of total wealth.
Originally posted on Gossip, Fast Fashion, Female Lifestyle, Sex & Love: CollegeCandy:
Hi, my name is Katie. I’m also (technically) unemployed. This is true. I am working part time here and there. I also nanny occasionally, but technically, I am unemployed. And since this is case, you can guess how much I just love talking about it–with my parents, with my boyfriend, with my boyfriend’s parents, etc. It’s awkward and embarrassing and yes, I get to wear sweatpants on most days, but I wish I was in some business casual gear!
Originally posted on Majic 102.1:
The CW has pick up a barbershop competition series hosted by the comedian, who starred alongside Ice Cube, Eve and Michael Ealy in the 2002 and 2004 “Barbershop” films.
“Barber Battle” will venture to different barbershops across the country in each of the 10 episodes.
Originally posted on SoshiTech - Soshitech.com:
For many of us, we always read the successful stories about entrepreneurs and their companies. They are filled with great anecdotes about their path to making money, growing their businesses and achieving successes. Sometimes it almost sounds kind of easy but what are not usually included in these narratives, are the bumps in the road faced by this group.
It can be a tough journey for an entrepreneur as the outlook may not be so good but according to Harvard researchers, persistence will pay off in entrepreneurship.
For a first-time entrepreneur, he will have an 18 percent chance to succeed while that entrepreneur who has failed before but is trying again, has a 20 percent chance of success.
Yes, everyone has faced failure one time or another and at the October Chicago Ideas Week, a weeklong forum bringing together world-renowned thought leaders to share and discuss ideas, some entrepreneurs shared stories from their business journeys. They also offered the following four words of wisdom, according to FOXBusiness.com.
Failure is Part of the Journey:
Many great entrepreneurs will treat failure as part of their entrepreneur journey. If you have a setback in your new company, you should keeping trying different things to make it work.
Eric Lefkofsky, CEO of Groupon, said of failure, “The great ones treat failure as a necessary part of their journey. It’s not win or lose. It’s always win or learn.”
Lefkofsky shared some of his failings and added there was no magic to him finding success but continually trying things has enabled him to find something that did work.
Keep Your Eyes Open for Opportunities:
You may have a great idea for a product. Think about what’s already out there in the marketplace and what annoys/frustrates you about it. Make a change to create a better product and by doing so, opportunity will ensue.
Dr. Barry Nalebuff, the founder of Honest Tea, used economic theory to find success. He believed that the best tea beverage should not be as sweet as the ones currently on the market. He wanted fewer calories for the product and lower manufacturing costs.
Nalebuff did this through Honest Tea in 1998 and in 2011, he sold the company to Coca Cola.
Be Ready When Opportunity Knocks:
You may come across a networking opportunity when you least expect it. Be ready to share your idea or product. You never know what type of opportunity will come out of it.
Nalebuff, always carrying Honest Tea samples with him, met Oprah Winfrey at a yoga retreat. He offered her a bottle of his beverage to try; she liked it and mentioned it in her magazine.
We all know the positive effect on a product if Oprah endorses it.
Moral of the story: be ready to talk about your small business or product to anyone, anywhere.
No Fixed Path for Success:
While you may be an organized entrepreneur and have a great business plan and idea, there’s no set path to success. Be ready to veer off course. It doesn’t mean failure will follow but perhaps a different path than you initially intended—one that could prove to be successful.
Dan Gilbert, founder of Quicken Loans said at Chicago Ideas Week, “There’s no set path to success, there are many ways to get there.”
And one a final note from another well-known millionaire (well really a billionaire), Richard Branson gave his perspective on the skills needed when he first started. This came in response to a letter from a 12-year-old girl.
Branson said via Entrepreneur.com, “The key enterprising skills I used when first starting out are the very same ones I use today: the art of delegation, risk-taking, surrounding yourself with a great team and working on projects you really believe in.”
Your success is only as good as your small business idea, hard word and persistence. We just make it easier to execute.
Originally posted on MyPraise 102.5, Atlanta, Inspiration, Gospel, Radio, WPZE:
It’s a new year and no better time to get your finances in order. Dr. Deena Carr joined today’s Tapping Into Your Fortune on ”The James Fortune Show” to help listeners get on the right track. Listen to the audio player to hear Dr. Carr explain four things you can do to reset yourself financially today.
RELATED: Keep Cool Over Your Finances
Originally posted on Variety:
First Lady Michelle Obama is returning to Los Angeles later this month to raise money for the Democratic National Committee.
The first lady will appear at a Jan. 29 evening event at the home of producer-writer Phil Rosenthal and his wife, Monica Horan, with tickets starting at $1,000 per person.
An event had been scheduled at their home in October, but it was canceled because of the government shutdown.
Originally posted on News One:
In a speech on Tuesday from the White House, President Barack Obama urged Congress to come together in a bipartisan effort to extend emergency unemployment insurance to out of work Americans. Stressing the loss of benefits and its detrimental effect on the U.S. economy, the President’s measured approach was replete with direct shots at congressional leaders and their haggling over this issue.