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How Cedric Nash Went from Employee to Millionaire Boss

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money, financial well-being, OneUnited

 


Cedric Nash, also referred to as “Your Millionaire Mentor,” is an award-winning entrepreneur, financial advisor, and founding father of The Black Wealth Summit, an annual event dedicated to educating the Black community about wealth.

Nash can also be the creator of a recent book. He began his profession as a consultant earning lower than $40,000 a 12 months, became a millionaire by age 32, and has expanded his business ventures to $90 million in annual revenue.

Nash said that when he read other personal finance books, he noticed that they didn’t address the challenges black people face in a white male world trying to get wealthy.

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“We face unique challenges when it comes to increasing our income and opportunities. I started with $36,000 a year out of college and went on to make millions by growing my business without any outside investment, without a rich parent, and without a rich uncle. I want to give people a roadmap to do that,” Nash said. BLACK ENTREPRENEURSHIP.

During the interview, Nash shared that he has built a net value of over $50 million today by following principles that anyone with the proper mindset and discipline can use to construct wealth. He shared a few of those principles during our interview.

Expanding your network

Nash credits 4 millionaires he met in his youth with helping shape what he believed was possible for himself.

“I had four millionaire mentors. They shaped my thinking and gave me a vision of what to do with my money. They were in my area. They built houses and owned buildings. One of my mentors was a consultant when I was in the 11th grade, and he inspired me to become a consultant. He was a janitor in a prison, but he had to stop working when he hurt his back. He was always reading, was an avid stock investor, and started buying real estate. He had a basement apartment, and I asked him if I could move in. I paid him to move in, just because I wanted to be close to him.”

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Educating yourself

Inspired by his mentor, Nash focused on education outside of college. He credits books like and ready him to grow to be wealthy. Reading broadened Nash’s mind about what was possible and gave him the tools he could use to construct wealth. He prepared himself by processing information that he could be ready to use once he had the funds to start investing. Nash inherited $10,000 when his grandmother died. At the time, she was earning $200 a month working at a laundromat. Nash invested his inheritance within the stock market and continued to invest repeatedly.

Creating a plan

Inspired by his mentors and his newfound knowledge, Nash wrote a plan of what he wanted to accomplish in the following five to 10 years. “I remember graduating from college and looking at buildings named after mostly white guys. I wanted to do that, too. So I wrote a plan of what I wanted. I lived very frugally and bought my first apartment right out of college. I wrote a plan for the next five to 10 years, and then I got to work. I put that piece of paper aside and found it years later and I accomplished 99 percent of those goals.”

Nash emphasized the importance of getting a plan, documenting a start line, end goal, budget, and clarity on what wealth you would like to achieve.

“What is your current net worth? How much cash do you have? How much income do you have to earn? How much income do your assets automatically generate for you? Your end goal is that point where you decide not to work or you decide to use your gifts and talents in the way you choose.”

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“What assets do you want? How much income do you want to generate from those assets? Do you want to be just financially comfortable or financially independent? Do you want to be rich or ultra-rich? So you have to have a very specific goal that you’re working towards.”

Learn how to earn more and invest the difference

Nash believes that a major a part of constructing wealth is making extra money. You need to work out how to increase your earnings in order that you have got more to save and invest.

“The key is to create a plan for your investments. You have to make money from your main job, your side job and, ultimately, your investment job. But if you fix your mindset and add the desire to do the right things with your money, you’ll be on the road to wealth.”

Nash believes that constructing wealth is feasible for anyone who’s conversant in wealth and has the proper mindset. But once we’ve wealth, to have a long-term positive impact across generations, we want to teach the following generation how to grow money and pass it on to the following generation in order that the following generation can live off the income that those assets generate and proceed to grow it.

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

Business and Finance

Carmelo Anthony launches Stame7o in New York

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CARMELO ANTHONY,, WEED, MARIJUANA, STAYME7O


NBA Hall of Famer and former New York Knicks forward Carmelo Anthony revealed that his marijuana, Stame 7o, And the agency, the Grand National, began in New York.

Anthony, who has just been introduced to the Gallery of Sław Basketball at Naismith, announced that the implementation of his brand would start in April. The entrepreneur established cooperation with the marijuana entrepreneur Jesce Horton and the award -winning creative director Brandon Drew Jordan Pierce for Stame7o (clear Stay Melo; 7 means his Knicks Jersey number).

“I’m excited Down To be launching . debut With Stayme7o IN New York “ he said Anthony in a written statement. “New York Is house, AND bringing This design Down life Here feelings incredibly personal AND full wheel. This isn’t Just about hemp – it about strengthening our community, ghost underestimated entrepreneurs, AND creation significant possibilities This support AND rejoice our culture.”

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Great National is an agency focused on hemp, founded by three men, an umbrella company, in which the falls of Stame7o. The Grand National Initiative is strategic supporting brands and cannabis operators in today’s evolutionary industry. The agency shall be Focus on cooperation With minority firms AND Clinics, with an emphasis on committing Down social justice AND economic strengthening.

“Launching Stayme7o IN New York along Carmelo example . type With projects Great National Is involved to – construct brands This authentically represent . culture AND bring value AND excitement Down . market,” he said Horton, co -founder With Great National AND co -founder With . Minority Cannabis Business Association.

Stayme7o it was initially launched IN Oregon last yr.

AND Hi With influences with Staye7o’s turnover shall be support Nuproject, AND unprofitable This provided financing, financial coaching, AND network knowledge Down Entrepreneurs trying construct generational wealth By . legal cannabis industry. The agency also supports . Last Prisoner Design, AND unprofitable Dedicated Down cannabis criminal justice reform.

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“His obligatory We Open door AND create significant possibilities Down these Community – said Anthony.

(Tagstranslata) Newsletter 4

This article was originally published on : www.blackenterprise.com
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Forum Pitchblack Black Public Media, which exceeded $ 2 million

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Dow, CEO, Karen, S. Carter, PITCHBlack, $2 million,, funding


Black Public Media (BPM), the National Non -Profit organization, supporting the creators of black content, announced on Tuesday that his Pitchblack forum awards over $ 2 million in film financing and interesting projects this yr. Forum, recognized as the most important competition on the pitch within the United States for independent filmmakers and artistic technologists focused on black narratives, will call in Harlem on April 30 from 9 am to 17:00

The culmination of this event will likely be Pitchblack Awards on May 1 at 19.00, in which production and distribution prizes will likely be announced. . There may even be a night Presentation of the distinguished BPM Trailblazer Award Lillian E. Benson, Ace (American Cinema Editors), a known character known from her Emma’s work on breakthrough projects, comparable to Showtime’s, NBC’s and OWN.

Pitchblack Forum, sponsored by Netflix and PBS industry giants, will provide a platform for talented creations to issue their progressive projects in front of an excellent audience of public media representatives, television directors, distributors and founders throughout the country.

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Since its launch in 2015, BPM has transferred over $ 1.8 million to support 23 convincing film and addictive projects through the Pitchblack competition. This yr it’s a major milestone when the forum moves to the stages of Apollo in Victoria, Harlem, a vigorous district of New York, which serves as a BPM base. Since BPM provides for the granting of over USD 225,000 for projects themselves this yr, the organization is able to break USD 2 million in complete financing granted through the Pitchblack program from its creation.

“We are glad that this year we will organize Pitchblack in the creative and cultural Mecca of Harlem,” said Leslie Fields-Cruz, executive director of BPM. (*2*)

Futurist promoting Tameka Kee will return to the moderate Pitchblack forum for this yr’s event. In the film segment, scheduled from 9 am to noon, there will likely be fields for documentary teams, including Sidney Fussell and Jennifer Holness, Karen Hayes, Arlieta Hall and Brittany Alsot, Chelsi Bullard and Jacqueline Olive and Caron Creighton. The engaging competitors of the Arabia, Aya, Steven Christian, Jeremy Kamal, Joel Mack and Rasheed Peters-Wajd on the stage from 13:00 to fifteen:30, presenting projects that contain the most recent technologies, comparable to artificial intelligence (AI), augmented reality, augmented reality, 3D animation and interactive games.

The winners of the Pitchblack Forum will likely be announced through the award ceremony on May 1 at 19.00

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The award ceremony, led by the comedian Jamie Roberts, will include a radical conversation with the winner of the Trailblazer award, Lillian E. Benson, moderated by the host NPR Brittany Luse from a recognized podcast.

The winner of Fellowship Nonso Christian Ugbode, a prestigious award named after the late Director for Digital Initiatives BPM and designed to support talented creativity below 30, may even be announced through the award ceremony. The evening will end in live nature.

Tickets for Pitchblack awards They are priced For $ 300 and could be bought on the Apollo Theater website.

By adding one other dimension to celebrating the influential Benson’s profession, this yr’s flashback of the BPM Trailblazer film will contain a particular collection of works edited by The Estemed Honore. These movies will likely be available totally free stream transmission to BlackPublicmedia.org between April 28 and May 12, offering a wider audience the chance to experience the master edition of Benson. Recommended movies include; ; ; And; and two key parts: (part 10) and (part 13).

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The significant impact of Pitchblack on the landscape of black media is feasible because of the generous support of key sponsors Netflix and PBS, with additional financing provided by Corporation for Public Broadcasting, John D. and Catherine T. Macarthur Foundation, Acton Family, Agog Llc, New York Community Trust, New York Community, Rockefeller Fund, New York City of Cultural Affairs, New York State Found. The mayor’s media and entertainment office.

For those interested, learn more about progressive projects competing at this yr’s Pitchblack Forum, yow will discover detailed information Here. Further details about black public media and their initiatives can be found at BlackPublicMedia.org. The most significant information and updates from Pitchblack could be followed on Instagram, Facebook and Tiktoku on @blackPublicmedia.

Apollo theater

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

How does professional life change in Great Britain

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For many individuals in Great Britain, it changes: how we work, what we do and where we do it. Change is quicker for some than for others – and does not at all times change for the higher.

New national study – organized and managed by my colleagues and I – paints a mixed picture of professional life in Great Britain. What makes him Testing skills and employment 2024 It is exclusive that it’s eighth in a series that dates back to the mid -Eighties.

The survey focuses on the professional life of individuals: what skills they use and where they work and what they consider their work. The data series consists of interviews of just about 35,000 employees, with about 5500 in 2024.

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Some people have good things to say about changing professional life. Other people’s professional life is just not improving. For a lot of us it’s a little bit of each.

Good news

One of the excellent news is that only a few employees think that their work has no value. Against estimates Through some scholars that about 40% of individuals “work on tasks they consider to be pointless”, our study suggests that only 5% of respondents imagine that their work is irrelevant and has no value.

So -called “Bullshit Jobs” They are rare. Instead, almost 70% reported that their work gave them a way of feat at all times or more often than not, while 76% stated that their work was useful.

Work becomes more qualified too. In 2024, 46% of employees stated that they would want qualifications on the graduate level in the event that they were to use for his or her current job. It increases from 20% in 1986.

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Another excellent news is that the pace of excessive qualification has dropped. In 2024, 35% of employees reported that they’d qualifications that were higher than those currently required to work in comparison with 39% in 2006.

. Quality of labor sex gap It is narrowing. The difference in salaries was consistently falling, however the gap in the physical work environment – in the standard of labor and professional skills – also narrow. For example, the share of men who reported that their health or security was threatened due to work from 38% in 2001 to 21% in 2024, while amongst women remained stable at 22%.

Bad news

However, not every thing in the world of labor. Abuse of workplace It is common – 14% of British employees have experienced intimidation, violence or sexual harassment at work. The risk of abuse is far higher in women, LGBTQ+employees, nurses, teachers and those that work at night.

How common is abuse at work?
Alan Felstead/Skills and Employment Survey 2024IN Author given (without reuse)

One of probably the most striking findings from our study is a big decrease in ability Employees to make decisions About their immediate professional tasks. In 2024, 34% of employees stated that they’d a “great influence” on what tasks they performed, how they did them and the way they worked hard. In 2012, it’s a decrease in 44% in 1992.

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The mechanisms of greater worker control increased over time, but this didn’t translate into greater control at the person level.

Mixed news

Another striking, if not surprising, the statement is to extend the number of individuals Woking from home. But the long nature of change could also be a surprise. The study shows that the rise in hybrid work began in 2006, long before this date.

The survey also sheds light on where they work from home. It shows that 45% may isolate themselves from others in the household, making a home office. The rest have to be content with a kitchen table, sofa or corner of the room.

A chart showing the location in which people work
Where do people work?
Alan Felstead/Skills and Employment Survey 2024IN Author given (without reuse)

After years of falling membership in the Trade Union, the study shows that the wave may ultimately They turned around. Levels of membership increased, and the rates of trade union presence in the workplace and the impact of unions on remuneration increased in 2017-2024.

The growing a part of the members of trade unions claims that their relationship has a big or significant impact on the best way of organizing work – in comparison with 42% in 2001 to 51% in 2024.

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The technological change brings each possibilities and advantages. This study showed Digital technology He played a job in just about all workplaces, and 78% of employees are considering “necessary” or “very important” computers in their work, in comparison with 45% in 1997.

The participation of AI users increased throughout the data collection period, which indicates its quick acceptance. But there are few signs that they’re displacing employees, a minimum of for now.

Regular monitoring of all problems raised here – and lots of besides – is just possible if regular and solid research, reminiscent of Skills and employment test are carried out. These are invaluable elements of our knowledge infrastructure that have to be valued, protected and supported if we’re to evaluate exactly how the world of labor changes.

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This article was originally published on : theconversation.com
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