the dangerousNEGRO — Economic Empowerment

Black Consumer 101

Posted by dangerousnegro on

How To Be a Responsible Black Consumer by Tre Baker I've done a lot of studying and research on economic development as it relates to the Black community, and, as you can imagine, I've found many critical issues that need to be addressed.  But I think most of these issues stem from the same core  problem: lack of ownership and control of the companies that we spend most of our money with.  Economics can be complicated and boring, which I guess is why we kind of forgot to deal with it while we were worried about integrating in white schools...

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$16 Billion Down the Drain

Posted by dangerousnegro on

by Dr. Jawanza Kunjufu This summer and throughout the year our largest 150 African American organizations will convene their national conferences. They include the NAACP, Urban League, Operation Push, National Baptist, Omegas, Alphas, Kappas, Sigmas, Deltas, AKAs, Sigma Gamma Rho, and many more. I am honored that I will be speaking at many of them. My only regret is that we will spend $16 billion with Mr. Hyatt, Hilton, Marriott, United ,American, Delta, etc. Can you imagine how much money we have spent with them since 1954? What do we have to show for it? At many of these conferences,...

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Make it Plain - Black Business

Posted by dangerousnegro on

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Knowledge Drop: The most powerful force in finance

Posted by dangerousnegro on

Most people don't know what compound interest is, and even fewer know about the Rule of 72.  This is why saving your money is critical to your financial future and why, as compulsive/conspicuous consumers, Black people in America have made no significant economic progress relative to other ethnic groups since Reconstruction.  Compound interest is your friend and next to significant liquidity events (e.g. selling an internet start up for millions) the most powerful economic force to build wealth in our community.]]>

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