Tag: finance planning

BUILDING WEALTH IS ABOUT THE HABIT OF SAVING

When speaking with Ms. Yvonne Green, I heard a soft, relaxed easygoing tone in her voice. However, within a few minutes of our interaction, there was no doubt that this woman, the Director of Financial Empowerment Services at Memorial Assistance Ministries is passionate and committed to her calling.  In her capacity, Ms. Green, who has previously been a housing counselor, asset builder counselor, and who is an AmeriCorps alum, provides services that regular people can […]

The Cost Of Financial Illiteracy Part 2

In our part one of the costs of financial illiteracy, we looked at the story of R. Kelly a popular R&B singer to emphasize America’s lack of knowledge concerning budgeting and saving.  We continue exploring this problem by looking at the Literacy Project.  The Literacy Project s a nationwide organization that works to address and fix America’s financial illiteracy. Recent statistics show that the number of Americans who are “functionally illiterate” (Meaning they can read […]

Why Black People Do Not Invest In The Stock Market

Last year, we saw nationwide unrest and protests over the brutal killing of George Floyd, an unarmed Black man who was killed by White police officers. His killing brought to light the many ways through which the system is failing African Americans in everything, from policing to education to public health. This inequality also means that African Americans are unable to improve the quality of their lives through investing in things like stocks- which is […]

CARES Act Failed To Protect Student Loan Borrowers! This Is How…

Corona Virus and the CARES Act; probably two of the most talked-about topics in the United States in the year 2020. The CARES Act provided a cushion against the economic impacts and effects to millions of Americans, including the students. The Bill proposed an action in which the Federal government was to pause all actions against the student loan defaulters through September 30. The passing of this proposal indeed was a relief to so many […]

The Coronavirus Aid Relief and economic security act retirement plan provisions

The CARES Act was the third phase in Congress’ response to the COVID-19 following the Corona Virus Preparedness and Response Supplemental Appropriations Act, 2020 and the Families First Coronavirus Response Act (FFCRA). In addition to providing emergency relief for the millions of small businesses in the country, the 2 trillion CARES Act, also relaxed several retirement plan rules which helped the plan holders to gain some access to their account balances without penalty. The Client […]