Black Women are Driving the Growth in Women-Owned Businesses

iStock/monkeybusinessimages
By Charlene Rhinehart

There’s no shortage of news about the evolution of women-owned businesses in the past few decades. More women are diving into entrepreneurship and earning a bigger piece of the financial pie that keeps the economy moving. According to the 2018 State of Women-Owned Business Report, commissioned by American Express, the number of women-owned businesses increased by nearly 3,000% since 1972. The report examines trends in women businesses, including black women-owned businesses, based on the 2012 Survey of Business owners and annual gross domestic product estimates.

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Meet Kelechi Anyadiegwu, the Young Entrepreneur Who Turned Down a Deal on Shark Tank



By Winnie Gaturu

When entrepreneurs present their businesses and ideas to the sharks on Shark tank, they all wish for one thing, to get a much needed boost. Some end up getting what they wanted or better, while others walk away disappointed. However, there are a select few who turn down offers made to them by the sharks and walk away determined to make it on their own. Kelechi Anyadiegwu is one such individual.

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Can Somebody Tell Celebrity Baby Mamas that Child Support is for the Child?

Chris Brown, daughter & Nia Guzman
By Brenda Alexander

Children are expensive...this I know. But after recent reports of Chris Brown’s baby mama Nia Guzman gunning for more than $20k monthly in child support, I’m stuck with one question: Are mothers of children who have wealthy fathers taking advantage of child support? Because you can’t tell me that $20k a month is a requirement to provide your child a decent life.

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Insecure Hits a Home Run Tackling the Reality of Living With Bad Credit

Insecure
By Mwabi Kaira

I saw something watching Insecure the other night that we rarely get to see on the screen; the bad credit struggle. A whole scene was dedicated to it and Issa’s dreaded score was right there on display. Our favorite awkward girl’s score is 425. She’s gone to see her friend Kelli for some help getting her financial situation in order. Of the four friends in the Insecure circle, Issa seems to be having it the worst. Molly is a very successful lawyer climbing the ranks at her firm and ready to take her talents to firms with more money. She has a wardrobe to-die-for and an amazing apartment. She’s the goals we dreamed of watching Maxine Shaw and Joan Clayton do their thing. Kelli is a very successful accountant and Tiffany is the bougie wife with the bougie job that throws fabulous dinner parties and enjoys her best bougie life. Bottom line, all three friends can afford international trips, retail therapy not limited to Ross and TJ Maxx, and dinners at upscale restaurants without saving for them. Issa would need a payment plan.

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Is the Man You're Dating Financially Responsible to Your Kids?

Ciara, Russell Wilson and Ciara's Son
By Brenda Alexander

Coming into a relationship with children can add layers of difficulties. A mother and child are a packaged deal, so when you date her, you essentially date her kid(s) also. The reality is, there are risks associated with dating a woman with children. And, if you decide to go steady, those risks turn into obligations. There is an expectation that once a man becomes seriously involved that he should take an active role in her children’s lives both emotionally and even financially. But how much should a man contribute financially to his girlfriend’s children? That’s the question and debate that was sparked after this social media post.

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Be the Boss of Your Finances With These Easy Breezy Apps


By Kira Sparkles

Are your finances not exactly where they should be? That’s okay! You’re in good company. Only 30% of Americans have any kind of savings or investment plan and roughly the same number have an actual budget for their household which means a lot of us have some work to do. Am I where I want to be financially? Absolutely not. However, I’ve managed to sock away some money in a savings account and even raise my credit score (woop woop!). I’m realizing the path to fixing my finances is a journey just like anything else. People talk about hair journeys and fitness journeys, so let’s take a finance journey. I promise it doesn’t have to be daunting. In fact, the first step is easy: awareness.

In the digital age, a lot of us don’t carry cash, but we do carry cell phones that have amazing apps to help keep us focused on our goals. I wanted to share some of my personal favorites that I hope can help you too.

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Anyone Buying a Lauryn Hill Ticket In 2018 Deserves Whatever She Gives Them

Ms. Lauryn Hill Courtesy Photo via TheMiamiTimes
By Veronica Wells 

I was in fifth grade when Lauryn Hill’s Miseducation was released. I don’t think I could overstate what that album meant to me. It changed the game for me (I would learn later, so many other young, Black women.)

A year later, during a family reunion—where we ended up in Vegas— I saw that Lauryn Hill was performing there, the day after we would have already left. I stood there on the strip, staring at that illuminated marquee, somehow knowing that I was missing something magical, some once in a lifetime event. As you know, Lauryn Hill is still performing her classic album. But if I wanted to hear what I fell in love with, the best chance of that would have been in 1999.

The Real Reason It's Important Pat McGrath's 1 Billion Dollar Makeup Co. Surpasses Kylie's

Pat McGrath & Kylie Jenner
By Erickka Sy Savané

Chances are, a lot of you have never heard the name Pat McGrath, the British-born makeup artist born to a single mother of Jamaican decent, who grew up loving makeup and got her start in the 80's with designers John Galliano and Alexander McQueen. Since then, she's worked just about every major fashion show in every major market, with every major photographer for every major magazine before starting her own makeup line, Pat McGrath Labs, in 2015, following her mom's advice. Today, her line is sold at PatMcGrathLabs.com, Sephora.com and its stores, and will be expanding to even more stores and will soon include merch and apparel with the 60 million dollar investment deal she just secured with a New York-based investment firm. Everything said, her company has just been valued at 1 billion dollars.

Now what do we know about Kylie? 

Meet Lauren Simmons, the Only Full-Time Female Stockbroker on Wall St.

 Photo of Lauren Simmons: BBC video screenshot
By Adedamola Agboola

Lauren Simmons is the only full-time female employee currently working as a stockbroker on the floor of the New York Exchange. She is also one of a few women in history to occupy a trading role, and according to the BBC, she joins a short list of women who have signed their names in the book containing the constitution of the New York Stock Exchange alongside the likes of John D. Rockefeller.

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Neighbor Calls Police on a 12-year-old Boy for Mowing the Wrong Lawn & Now His Business is on Fiyah!

Reggie Fields of 'Mr Reggie's Lawn Cutting Service'
By Erickka Sy Savané

Another day, another person calling the police on someone black for no good reason. There was 'BBQ Becky' who called the police on some black folks who were chefing it up with a grill in the park. 'Permit Patty' who got her fingers in a tizzy and called the police on an 8-year-old who was selling water on the sidewalk, and now there's the 'Lawnmower Lunatic' who called the police on 12-year-old entrepreneur, Reggie Fields of Cleveland, who was cutting grass and accidentally cut a piece of their lawn. Now, let me be fair by saying that there's been no footage confirming the color of the neighbors, but usually when there's no mention of color, the perpetrators are white. I'll take the heat if later we see that the Lawnmower Lunatic was actually a cranky old man of color with 10 cats. That said, things have turned out pretty well for Reggie...

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Hey Girlfriends, There is a Way to Get a Girlfriends Movie Made

The 'Girlfriends:' LaVeris/FilmMagic
By Brenda Alexander

Like many, I was disappointed in the lackluster season 8 finale, which turned out to be the series finale (cancellation), of Girlfriends. Fans who grew close to the characters and related to their relationships, were left with no real resolution, or even a happy ending. After years of failing in love, Joan Carol Clayton had finally found it in her fiance Aaron, only for him to be deported to Afghanistan. Free-spirited, once homeless, always jobless and sexually free Lynn Searcy had found steady work and passion as an indie artist with a record deal and an uncertain future at her label. Our beloved “5th girlfriend” William and his wife Monica were pregnant; and, I can’t even remember what the hell was going on with Mya and Darnell post his mid-life crisis gig as a race car driver, their son acting a teenage fool and Mya’s rise and stagnant position as a black self-help author. The most devastating part of it all was that we never got to see a reconciliation between longtime frenemies Joan and Toni. Talk about a cliff hanger?! I mean, I have the series on DVD and watch it from beginning to end in a repeated cycle because I feel like I was robbed of a proper ending.

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Is a Man Obligated To Take Care Of His Ex...if She's Raising Their Children?


By Veronica Wells

My fiancé loves to say things to get a reaction out of me. And a couple of weeks ago, it was “Steve Harvey gave some good relationship advice the other day.” As much as I try not to respond to these outlandish statements of his, I immediately rolled my eyes. But turns out he was serious. And I had to agree that Harvey’s advice in this particular situation was quite...compassionate.

Oprah is the 1 Billion Dollar Woman After Signing Monster Programming Deal With Apple

Kevin Winter/Getty Images
By Erickka Sy Savané

If there was any doubt that Oprah Winfrey is still the queen of television, make no mistake, she is the undisputed champ. After pulling her OWN network from the ashes following a slow start, to the highest rated network for African American women, Oprah is taking it up a notch by signing a multi-year, estimated 1 billion dollar deal with Apple to create original programming. Yes, you heard that right, 1 billion dollars.

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This Financial Behaviorist is Helping Women Make Better Choices Around Money

Photo: Frederick V. Nielsen, II 
By Sharon Pendana 

Financial behaviorist, coach and author, Jacquette M. Timmons has two great obsessions: shoes, and getting people to see that "you don't manage money - you manage your choices around money." Though she left home at sixteen to study shoe design in New York City, an encounter with an Estee Lauder exec opened an entirely different path— to finance. She was hired as her assistant, then moved with her to Wall Street. At Bankers Trust (now Deutsche Bank) Jacquette worked her way up and moved over to the private bank, while working on her MBA in finance. In 1995, she started her own company, Sterling Investment Management, to focus on two specific arms: consumer-facing, with one-on-one coaching for singles, couples, and entrepreneurs, and institutional-facing, with workshops, panels, and speaking engagements. The common thread always people’s choices and relationship with money.

Pay Equity: Not Gaining the World, Not Losing My Soul


By Dawn Washington

Last year I made $43K. I often wonder if everyone went to their jobs tomorrow and did what I just did, that is, told everyone in the office how much they made, would there still be a wage gap in this country? In the American workplace, it is generally discouraged to discuss salary. I have learned in life that anything that is asked to be kept secret becomes an opportunity for lies, deceit, abuse, exploitation, etc. If inequity is shrouded in darkness, no one will challenge it. If everyone discussed their salaries openly, wouldn't management have to give an account for why Tom makes more than Tyrone and why Becky makes more than Brenda?

Secrets are also opportunities for shame.

For Black Millennnials, Home Ownership Still the Best Way to Build Generational Wealth: Part 2

Real Estate Developer & Entrepreneur A. Donahue Baker
By Erickka Sy Savané

In part 1 of this 2-part series we spoke to real estate developer and entrepreneur A. Donahue Baker about some of the misconceptions that black Millennials have when it comes to building generational wealth through home ownership. Here, he'll talk about the best places to buy, gentrified neighborhoods, and how to spot a bargain. Get your pens ready to take notes!

For Black Millennials, Home Ownership Still the Best Way to Build Generational Wealth: Part 1


Real Estate Developer & Entrepreneur A. Donahue Baker
By Erickka Sy Savané

There are people who do their jobs and there are those who are passionate about their work. Entrepreneur and real estate developer A. Donahue Baker has built an impressive real estate portfolio of over 400 residential units nationwide, and he’s passionate about providing minorities and Millennials with the strategies they need to build wealth.

According to the New Jersey native, there are only two options to build generational wealth: real estate or starting a business. Millennials- side hustlers that they are- are starting businesses at a rapid rate, but few want to be home owners due to a variety of perceived myths. In fact, 60% of Millennials choose to rent, according to Goldman Sachs.

Fortunately for us, A. Donahue took time out of his busy baller schedule to dispel some of the myths about home ownership, and provide us with the proper information we need to do it the right way!

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Yay or Nay to Charging Men for Your Number on Dating Apps?


By Veronica Wells

I’ve always thought the conception of online dating was an interesting one. And if I didn’t have such a fear of strangers, it might have been a nice option for me when I was still accepting applications. But that’s not the way the cookie crumbled. And while there are some experiences that I wish I’d had, like swiping or matching with someone who also thought I was attractive, I’ve also heard more than a few horror stories.

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Pay Up Kiddo! Should a 5-Year-Old Have To Pay Rent?



By Erickka Sy Savané

Making the rounds online like a California wildfire is definitely a topic that caught my eye about a mom, Essence Evans, who shared on her facebook page that she charges her 5-year-old daughter rent. As a mom of two who is constantly asking myself whether I'm doing the right things as a parent, it made me stop and think. Should little kids pay rent? Well, you can imagine that there has been A LOT of discussion, sometimes heated, for and against, from here all the way to the UK! Find out what this mom hopes to accomplish by teaching her daughter that ain't nothin' going on but the rent, and share your thoughts!

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Should You Tell Your Kids You're Broke?


By Erickka Sy Savané
“Can we go see ‘The Lion King’?!” asked my five-year-old daughter, while getting dressed for school. It’s a question that comes up every morning when they start showing these Broadway theater advertisements. Yesterday it was ‘Cinderella.’ Usually I tell her that we’ll be going soon, but today I just wanna be honest. “We don’t have the money.”

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