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How “earn money for leisure” changes financial knowledge for the benefit of culture

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Financial literacy has change into a hot topic on social media, but for years it was the preserve of MBA graduates, Ivy League players and the white middle class. Despite good intentions, many black parents were unprepared to show their children about stock options, real estate investing, debt management, and the importance of ownership or life insurance just because they themselves didn’t have access to this information. Even today, many working-class communities of color still lack access to the economic resources available to prestigious institutions and business establishments. But Rashad Bilal and Troy Millings are changing the narrative with a financial podcast that has grown right into a wildly popular, multi-faceted platform changing the face of wealth.

Genesis

Before launching Earn Your Leisure (EYL) in 2019, Bilal and Millings taught financial literacy to public school students in the Bronx, New York. While working as an elementary school physical education teacher, Millings incorporated financial literacy into his lesson plans during summer school. At one point he asked Bilal, a financial advisor, to instruct his students about money. Finally, longtime friends built the set finance curriculum for students. Meanwhile, Bilal had also began constructing a robust social media presence by sharing financial information, and desired to expand his reach by starting a podcast. Naturally, he asked Millings to co-host, and the two began discussing the money games behind sports, entertainment and business, in addition to the latest economic trends. On the show, Bilal and Millings delve into the stories of famous entrepreneurs and famous business owners, comparable to the billionaire Marek KubańczykNBA legend and business titan Shaquille O’Nealand social entrepreneur John Henry.

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“There were a lot of business podcasts or business platforms (that gave) a lot of crap and a lot of motivational stuff,” Bilal said BLACK ENTERPRISES. “I really don’t want to hear it. I want to know exactly what’s going on and how did you do it?”

Bilal says that in the first few episodes, Bilal and Millings “did deep into the case studies. This was the original assumption. It was like pop culture mixed with Harvard Business School. He added that “we took case studies like Airbnb and broke them down.”

Strengthening Culture

Their formula worked. Just seven months after launch, EYL has raised over 6,500 subscribers and averaging 20,000 episode views through July 2019. The show has now amassed over 5 million downloads, in addition to a formidable 422,000 YouTube subscribers and 702,000 Instagram followers. Hosts consider their following has grown because they consistently serve disenfranchised markets with content that’s authentic, delicious, and economically empowering.

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“We have created our own niche when it comes to the financial literacy space. We approached it differently,” Bilal said. “For years, you had to wear a suit and tie to really be taken seriously and talk about business. And you had to shave your face, (but) we come with beards and hoodies and sneakers and hip-hop lyrics.” He states that “the best marketing tool was simply being yourself.”

Millings says the key to growing the audience was intentionally reaching out to underserved communities which have historically lacked access to financial tools and resources.

“We added value to a community that needed it,” Millings says. “We combined barbershop conversations with Wall Street and it just worked out.”

In addition to the podcast, Bilal and Millings created it Earn money at recreational university, a web based learning platform offering dozens of courses across 35 different industries. They also launched the EYL podcast network, which currently produces and distributes programs including: with Ash Cash and with the investor Ian Dunlap. What’s more, a duo secured the contract with iHeartMedia and Charlamagne Tha God with the groundbreaking podcast network The Black Effect earlier this 12 months.

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Implementing games in practice

Bilal and Millings not only bring economic gems and exclusive interviews to a brand new generation; in addition they apply these lessons to their very own lives. For example, Millings says Dunlap has modified the way he saves money.

“I remember when Ian (Dunlap) and I sat down and he told us, ‘Listen, we told you you needed six to eight months of savings to be safe.’ And I remember he said, “No, my new theory is we need 60 months.” And that blew me away,” Millings recalled. “I said, ’60 months? That’s almost five years of savings!” Dunlap, nonetheless, explained that constructing a bigger savings fund is the foundation of generational wealth.

“When you accumulate a certain level of wealth, it should now not be about you, but about your loved ones and the generations that may live without you. And this has now change into my way of pondering,” says the teacher.

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Bilal talks similarly about his interview Stairs on Wall Streetstock trader and YouTuber, persuaded him to open a deposit account for his son.

“It’s something I did not have for my son. “I already knew that, but just him talking about how much money he had for his daughter really encouraged me to actually go ahead and put the money into my son’s account,” he said.

“I use everyone we brought to the platform who actually has anything to do with stocks,” says Bilal. “I pick their brains, ask them different questions and learn as much as I can from them offline.”

The future of the Movement

From expanding a web based university to opening a non-public equity firm, the sky is the limit for the EYL brand, and the hosts set themselves ambitious goals.

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“We want to grow in the online education space and be the largest online university that can compete with the University of Phoenix,” says Bilal. “I think we have over 9,000 members at EYL University. So we want that number to grow to about 50,000 or 100,000 members.”

He then revealed that he and Millings desired to own a fleet of trucks and 100 properties, open a non-public equity firm, and create a financial literacy curriculum for multiple schools.

“I feel like there’s nothing we can do,” Millings added. “We are ambitious enough to believe we can do anything. And yes, you can see us in some movies, you can see us in some short TV shows. It really is limitless.”

Ultimately, he says, their mission is to return EYL to its roots in education. “One of my passions is to get back to that and spread those seeds to communities that need us.”

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has now added Invest Fest to its portfolio. Invest Fest is a three-day conference held in Atlanta designed to offer entrepreneurs with opportunities to develop and network. You can learn more about Invest Fest Here.


This article was originally published on : www.blackenterprise.com
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Business and Finance

Annual women’s salaries narrow the gap. But men are still ahead of women with an average of USD 547 per week

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Women’s annual earnings are closed to men, and the difference in sex salaries in the Australian private sector decreases from 14.5% to 13.6% last yr.

This everlasting improvement, in comparison with 15.4% gap two years ago.

While women work and earn greater than ever before, they are now entitled to much more information to barter wages and judge which firms.

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This information is especially helpful on the tight labor market, z unemployment rate On just 4.1%, because firms are fighting for the best talents.

This is the second yr Gender Equality Agency in the workplace (WGEA) published the company Differences in gender salaries, responding to fears that progress in the scope of gender equality stuck.

Transparency in payments solves the problem of “asymmetrical information”, wherein employers know where every worker sits on a salary scale, but employees don’t.

Data from 7,800 private firms

Typical full -time women’s salaries amounted to USD 72,638 in 2023–24, in comparison with USD 84,048.

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Although narrowing, it’s still a niche of USD 11,410 per yr, i.e. about USD 220 per week.

The difference is far higher after bonuses, time beyond regulation and pension are included: USD 18,835 or a complete salary gap of 18.3%.

All private firms in Australia from at the very least 100 employees must report their data of the Federal Agency. This includes 5.3 million employees in 7,800 firms, which is a fantastic expansion in comparison with 5000 firms last yr, because more firms will improve data reporting.

Employees can Look at the Agency’s website To discover a difference in the gender salary of your employer from the private sector – or one they give thought to joining.

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This yr’s calculations of the company’s differences in the company’s salary also include salaries of the highest management staff.

When general directors and business bosses participate, the difference in the average salary of men and women rises to USD 28,435, i.e. 21.8%.

All this consists of men overtaking women by an average of $ 547 per week.


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A more in-depth take a look at the gaps in the genital wages at the company level

In all firms, the average gender difference in total salary is 13.0%. But size differs significantly in numerous firms.

About 2,200 firms (a couple of quarter) have a niche exceeding 20%. Of these, about 250 firms have a niche exceeding 40%.

On the other hand, a couple of quarter of firms has a niche that’s either zero or negative, which implies in favor of women.

The agency considers the difference in gender salary in the negative scope of 5% to a positive 5% as a legitimate measure to which it needs to be sought.

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WITH The largest organizations (Out of 5,000 or more employees) Airlines are amongst the worst contractors. Virgin has an average gender difference in total salary of 41.7%, while Qantas reports a niche of 39.2%.

Among the banks, Commonwealth Bank and Westpac report an average difference in sex salaries of 22.4%. GAP Suncorp is nineteen.3%, the NAP is nineteen.0%, and Anz has a niche of 18.8%.

Progress happens

The purpose of the Pay Gap publishing home is given to drive progress in the field of gender equality in Australian workplaces.

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He follows in accordance with prescribed reforms to motivate employers to listen to their difference in gender salaries and have taken more actions.

Comparisons with last yr’s data suggest that this is occurring. The agency informs that just over half of all employers (56%) reduced the difference in gender salaries. And 68% conducted an evaluation of its difference in gender salaries, which is an vital first step in making progress.

Greater transparency makes the employer more liable for improving working conditions.

It can also be a technique to recognize firms that improve with time and learn from their success.

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Correct interpretation is crucial

The difference in sex salaries, measured as the difference between the earnings of men and women, is just not the same as the equal remuneration for equal or comparable work. For over 50 years, he has been contrary to the law in Australia to pay for men and women otherwise for performing equal value.

Luki at the employer’s level In earnings, the combination of aspects, including gender patterns in various types of professions, wherein men and women are in the company. But these gender patterns in the types of tasks don’t explain the entire image.

Prejudices and barriers Stay, including unconscious favors, sex imbalance in life duties and consolidating sex stereotypes.

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It can also be not a niche that will be explained by women working lower than men. Calculations include part -time employees, whose remuneration is transformed into an annual full -time equivalent.

Every employer He has a probability to present a deeper evaluation and explanation of their differences in genital salaries and their actions of their official statements of employers, which are also available on the Agnece website.

This information will strengthen not only current employees, but in addition potential employees, clients, business partners and a wider community of their elections, wherein firms should work, do business and support – which are not.



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This article was originally published on : theconversation.com
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Business and Finance

Hot Girl Spirl

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Megan Thee Stallion just isn’t only the lover of Tequila – he’s now a tycoon of Tequila. The three -time Grammy winner and licensed Hot Girl adds further flexibility to his CV with launch Funny girlsThe Premium Tequila brand designed to bring an event. Is there a greater option to rejoice 30 years than with a bottle (or two) of your personal alcohol?

Chicas Divertidas, which translates into “Fun Girls” in Spanish, hopes that he’ll bring all of the fun to the subsequent meeting. Star tequila is Apparently fabricated from simultaneous100% Agave Blue Weber, collected in the highest maturity from the red volcanic highlands in Mexico. Available in each Blanco and Reposado styles, Megan describes the recipe Chicas Divertidas as “light”, making it ideal for sipping, shooting and making memories.

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“As someone who values ​​good vibrations and wonderful memories, I knew that I wanted to create a tequila, which was designed to share and enjoy my hottia,” said Megan Thee Stallion in a press release. “Smooth, stuffy and premium. This process lasted many years and I am very proud that I can take another step as an entrepreneur. I know that hotties are ready – it’s time to give them a drink made by me! “

For the rapper “Hot Girl Summer” the standard of the brand shines through the product and its packaging. Inspired Angel’s trumpet flower – beautifully alive but fatal– Each bottle has sharp cuts and grooves resembling agave plant with shades of orange, pink, red and purple. The heart pierced with a dagger is on top, embodding the brand’s energy: sweet, elegant and the correct amount of cutting.

“The bottle is beautiful. It looks almost like a mixture or potion. This is a very high quality bottle; Has nice color gradients; My heart with a dagger upstairs; Golden accents. I think quality looks like. “She said Forbes.

This just isn’t just one other alcohol supported by a star. The star says that Chicas Divertidas is its extension.

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“I’m not a brand ambassador for alcohol. I don’t only put my face on someone’s brand. This is my tequila – she explained. “I devoted time to making a liquid and a bottle. Everything on this represents me. This is my business; This is my company. And this distinguishes me from other alcohols with endowed celebrities. “

She continued: “Everyone knows that I am a culture of a hot girl. I like to play. I am a curator. When you go to parties, my experience shows that the drinker is tequila. It seems to me that this is only a universal happy drink. And I’ve always loved good reposado. This is my favorite. So I decided that I had to bring a climate for parties – with gifts. That’s how I came up with Chicas. “

And when you are wondering the right way to sustain, it has one easy advice: “Drink water after each shot. Stay hydrated. “
Funny white girls ($ 70.00) and Resto Chicasdivertidastapila.com AND Respertbar.com. It can be expected that the brand will soon start with chosen American retail sellers.

(Tagstransate) Megan thee stallion (T) Business

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This article was originally published on : thegrio.com
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Business and Finance

Unemployed claims reach the largest weekly

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The variety of unemployment claims increased greater than expected last week, because more candidates for the first time applied for unemployment profit.

According to CNN, It is estimated that 242,000 unemployment claims were made last weekAn increase of twenty-two,000 in comparison with the previous week. Apparently, economists expected about 220,000 claims to land.

The variety of unemployment claims submitted last week has been the largest weekly for over 4 months. Weekly claims have also been at the highest level since December.

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Despite the growth, the American Department of Work The aforementioned snowstorms in some parts of the country and holidays on the occasion of the Presidential Day are guiltyWhich could cause some variability, informs.

“Extreme winter weather was mainly responsible for receiving in the initial claims last week,” said Samuel Tombs, the most important economist of the USA at Pantheon Macroeconomics.

How mass exemptions at federal level affect unemployment

It stays unclear how mass exemptions at federal level, directed by billionaire technology Elon Musk, who supervises the newly created Department of Government Efficiency (dog), will affect claims. According to Reuters, federal employees submit a separate compensation of unemployment, which, as stated, has a weekly delay. The latest data from February 15 show 614 people submitted to acquire advantages, which is barely one among the previous week.

“We will have to wait another week for details exactly how many initial claims were made throughout the country by former federal civilian employees, but this number was 614 in the week ending on February 15, only one – this is not a mistake – last week” – wrote Tombs in a note for investors on February 27. “It will take another week or two so that work reductions in the middle of the month will fully go into the given claims.”

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The work report in February is to be published on March 7. Economists reportedly expect a rise in employment, predicting that the USA adds about 160,000 jobs in February.

(Tagstranslat) feet of unemployment

This article was originally published on : www.blackenterprise.com
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