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5 Ways to Focus on Money

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Teri Williams is the CEO and owner of the biggest black-owned bank in America, One United. She is a Harvard Business School graduate, a mother of two, and has been married for 25 years. OneUnited manages greater than $620 million in assets and this summer launched a social media campaign that has caught the eye of a lot of A-list celebrities.

OneUnited Bank has over $620 million in assets under management. This conversation is less about how to earn more money and more about howImprove your attitude towards money. During my time at Williams I learned five things ways to increase my wealth mentality:

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Leave room for probability

Williams admitted to being a Type An individual, but has found that her biggest opportunities come from “staying open to possibilities.”

Teri Williams’ vision of shopping for a bank was never on the board. “My sole purpose was to provide economic empowerment to African Americans. I didn’t know how I was going to accomplish that big of a goal,” Williams says.

When her husband first proposed buying the bank, she thought it was an extended shot. Well, the long shot resulted in the ability couple buying three smaller banks and mixing them right into a nationwide umbrella, now referred to as OneUnited. The name was chosen to reflect the vision of uniting banks and the black community.

Williams says a part of her process isn’t really about owning it. “For me, it’s about recognizing that you don’t know what you don’t know. In fact, if I had my process laid out that way, I would have shut myself off from people reaching out to me and educating me on ways to do things better,” Williams says.

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Williams took an identical approach when she enrolled at Brown University.

“I had no idea what an Ivy League university was,” she admits. “I went to Brown University on the recommendation of a family friend and simply because they offered me the most money. But it was at Brown that I was inspired by my peers who wanted to become judges, international lawyers, and doctors. That started to question my initial career interest in becoming a teacher. After hearing all of their ambitions, I decided that studying economics would be a better fit.”

Your teachers are in every single place

Williams says that although she was proud to be top of her class at Harvard Business School, have an MBA and work in corporate America, she owes her business talent to her great-grandmother, Anna Coachman, affectionately referred to as “Ma-honey.”

Ma-Honey had a portfolio of properties: a juke joint, a candy store and a barbecue grill within the Nineteen Fifties. (*5*) Williams says. “We should never forget where we came from. Always remember that you are someone’s child, someone’s grandchild and someone’s great-grandchild, and those relationships can be the foundation of your success.”

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Where you come from doesn’t determine where you are going!

I’ve heard many stories concerning the rags to riches rise to power, but Williams’ story was still a motivation to make cash. There was a way of possibility within the room as she spoke of her humble beginnings in Indiantown, Florida, where the median income is now $28,000 for a population of 6,850, according to 2010 U.S. Census data.

Yet Teri Williams is now the CEO and owner of the biggest black-owned bank in America, with $620 million in assets under management across banking offices in Miami, Boston and Los Angeles. She attributes her success to a disciplined lifetime of prayer for guidance and the strength to act on that guidance when it’s given.

Stay curious

Although Williams was the primary in her family to graduate from college, her parents played a big role in fueling her curiosity. One family tradition that Williams found encouraging was Sunday drives together with her family. Despite their limited financial resources, Williams’ parents felt it was essential to see the opposite side of the town.

During these trips, Williams says she began looking the windows of homes and wondering: “Who lived in these houses, how did they get here, what did they do to live like this, why do these people have a lot and why don’t we live like that, and what drives them?

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A seed was planted. Williams says that since then, curiosity has driven her to understand why some individuals are wealthy and others aren’t, and what drove them in a single direction or one other. Those drives not only gave Williams curiosity, but additionally a way of confidence: “If they will do it, I can do it.

Your goal will grow with you

“My goal of economic empowerment for African Americans — that’s a growing goal. That’s a goal that I’m committed to from now until the day I die,” Williams says.

In August 2016 #BankBlack challengereleased by Atlanta rapper Killer Mike, prompted black America to pour $10 million into the bank in lower than a month. In that point, OneUnited went from opening fewer than 50 accounts a day to greater than 1,000 a day.

“You can’t know everything at the beginning. But if you keep going and listen to the clues, you’ll find them wherever you are,” Williams says.

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

Eagles and bosses have already won the winners of Philadelphia and Kansas City

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If you reside in the areas of the metro in Philadelphia or Kansas City, congratulations: the indisputable fact that your city has reached Super Bowl translates into about USD 200 additional in your pocket.

He agrees – regardless of whether Philadelphia Eagles or Kansas City Chiefs will win an excellent game on February 9, each cities have won economic victory. Studies show that Playoffs themselves are enough to extend personal income in the region. And in case your team wins, you and your city will get even greater growth.

This Gratel doesn’t come from increased sales of goods, as you would possibly expect. Instead, happiness is a key driver. A successful season raises the mood of fans, which is not directly – to larger expenses and performance.

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Why the win pays

I’m macroeconomist fascinated by sports economyAnd my colleague Christian end The University of Xavier is a psychologist specializing in fans’ behavior. Together, we published two studies connecting our areas of knowledge: “Winning proposal: Economic impact of successful NFL franchise“And”Team success, productivity and economic impact. “

In a study using data from the end of the twentieth century and at the starting of the twenty first century, we discovered that when the team moves from zero to 11 wins-the number needed for Playoffs-a home region sees a mean increase in income per person by around USD 200 per yr, corrected for inflation. We also discovered that the Super Bowl win was related to the premiere of USD 33, re -corrected with inflation.

When you multiply USD 200 by 6 million people living in a metropolitan area in Philadelphia and 2 million in the Kansas City region, that is because of all the money.

It’s about happiness, not T -shirts

If you’ve got ever been at the Super Bowl parade, you possibly can assume that increasing your income is related to people spending more on teams related to the team. But research shows that skilled sports teams normally have little impact on local income.

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Even the Super Bowl host doesn’t seem a lot: our research shows that folks are higher economically if their local team wins Super Bowl than if their local area is the host.

So if people don’t spend more directly on the team, something else have to be happening. Our work pointed to 2 possible explanations – each related to happiness.

First of all, we hypothesized that happier people normally spend more. And when people spend more, this money is returned to the population by wages, so people’s income is growing. The secret is that folks spend more on the whole lot, not only things related to sports teams.

Because the football season normally ends in December, it might be that completely satisfied parents, who’re fans of the local NFL team, spend more on Christmas presents for his or her children. When the Super Bowl stretches later for the winter, family members can get nicer floral bouquets and more chocolate for Valentine’s Day, when the local team wins Super Bowl.

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Happy people – like coach Kansas City Chiefs, Andy Reid, left, celebrating victory in the Super Bowl in the team on February 11, 2024 – they sometimes spend more.
Steph Chambers/Getty Images

Another possible path is increased performance. Psychological research has discovered this happier individuals are more productive. As the season passes and the team wins, he has the reason that folks in the area shall be completely satisfied and work hard.

Previous studies confirm this concept. For example, a 2011 study Federal regulatory authorities are more productive. In places where private corporations dominate in the local economy – which suggests that almost all of the rest of the US – a rise in performance would lead the company to a more profitable, which could lead on to residents of higher earnings. Not even fans see the advantages when their neighbors are happier, spend more and work hard.

Regardless of how the Super Bowl seems, each the Metropolitan areas of Philadelphia and Kansas City have already won, because each fans and out of every region can make the most of higher income.

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This article was originally published on : theconversation.com
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Dei Target’s drama has just become more mess – and now investors want to recover money

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The ongoing controversy Dei Target simply turned to legal trading. The retail giant – along with the director general Brian Cornell and his current and former members of the board – stands within the face of the collective process, accusing them of misleading investors of monetary risk related to the corporate’s initiatives, own capital and integration (Dei).

A collective lawsuit filed by City of Riviera Beach Police Emeryant Fund in Florida claims that the goal issued “false and misleading” statements regarding his dei, environment and social policy. According to Reuters, Shareholders’ notification also states that the corporate has deceived them to pay inflated share prices and unknowingly supported the “improper use of investor funds to serve political and social purposes.”

The claim also refers to the controversial Pride 2023 LGBT campaign. As previously reported by Thegrio, the vendor was on the Center of Cultural War, when he debuted with pride goods, only to later draw chosen items after the confrontations in the shop aroused security concerns. This, after all, caused even greater indignation – each from those that opposed the gathering and those that felt betrayed by its removal.

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“For over a decade, Target offered a range of products to celebrate the month of pride,” said Target in May 2023, on ABC messages. “Since the introduction of this year’s collection, we have experienced threats affecting the sense of security and well -being of our team during work. Considering these unstable circumstances, we introduce corrections of our plans, including removal of elements that were in the center of the most important confrontational behavior. Currently, we focus on dealing with our constant commitment to the LGBTQia+ community and standing with them when we celebrate the month of pride and all year round. “

Despite public statements, investors claim that the choice led to a major decrease in shares and this purpose didn’t reveal the slack, which caused a decrease within the 22% Target share price on November 20, 2024, by breaking around USD 15.7 billion out there value.

The lawsuit appears among the many wider corporate retreat from Dei’s obligations. At the start of this 12 months, the major brands – including Walmart, Meta and McDonald’s – change Dei’s efforts after political control, especially from conservative circles. Now that investors are pushing one another, the longer term of Dei corporate strategies stays uncertain.

A growing list of companies that have stopped or got involved in diversity strategies and inclusion strategies

(Tagstranslat) goal

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This article was originally published on : thegrio.com
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86% of Black Americans are worried about tariffs this year – they will raise consumer prices –

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California, High Schools, Fourth of July, raise money, grants, Businesswomen, Financial Literacy, broke


The latest report shows that 86% of Black Americans are convinced that this year’s tariffs will raise consumers.

This possibility, resulting from the proposed President Trump, has already caused that many have modified their shopping habits.

Discoveries suggest that folks inflicted on fears about the potential harmful influence of tariffs on their wallets. On February 4, China imposed 10% to fifteen% on American goods after America imposed a ten% tariff on Chinese goods. Trump delayed 25% of the tariffs, which previously announced products from Canada and Mexico for month.

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Questionnaire 1 007 Last month, Americans were conducted on how tariffs can affect their purchasing habits, plans and bank accounts. It was commissioned by the vendor of production equipment for the position and made by Digital Third Coast, a digital digital marketing agency based in Chicago, which provided arrangements for 269 black surveyed.

The data has shown that 78% of black plans to vary the shopping method on account of potential tariffs. Seventy -seven percent are worried about how the tariff plan will financially affect them, and 76% claims that the threat of tariffs will increase prices. Fifteen percent began to wire positions in response to the expected tariffs.

In general, the study showed that 64% of respondents plan to scale back meals and regularly. Although most individuals need to support domestic products, 68% cite higher costs because the foremost barrier to the acquisition of goods produced by American.

The evaluation also showed that 68% of Black Americans claim that tariffs may also help revive American production, which is 11% of GDP. Currently, 78% of black claims that purchasing American goods is vital to them.

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In general, it was reported that the proposed tariffs for Canada, Mexico and China can increase costs by over USD 800 for every household this year. Observers also say that tariffs can raise prices, including in homes, cars, electronics, foodstuffs and gasoline.

Allison Hadley, an auction spokesman, told about some of the apparitions that got here out of the survey.

“We conducted this survey on January 10 and I think it is significant that even then more than two in the Three Americans believe that generally the tariffs will affect them negatively, and a similar amount already changes their shopping habits.”

She added: “Not only this, but 12% of Americans were the collection of items that they think will affect the tariffs. It seems that people are very worried about the economic fall from these tariffs. “

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(Tagstranslata) Consumer prices

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