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Are You ‘Broke’? Dave Ramsey Thinks So and Tells You Why

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Personal finance expert and podcast host Dave Ramsey recently taught his audience Why Many Americans are “penniless,” Yahoo Finance reports.

In the episode , Ramsey spoke with a listener from Spokane, Washington, about why he often uses the word “broke” and why many individuals fall into that category. According to the financial expert, the term “broke” is used to explain a one that tends to spend greater than they’ll afford, all to maintain up appearances, saying, “Lots of talk, (but) no money.” “You’re trying to ‘put the dog in,’ as we say in Tennessee,” he added.

“You’re trying to pretend to be someone you’re not… In Texas they say, ‘Big hat, no cattle.’”

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A study by CNBC and SurveyMonkey found that just about two-thirds of Americans would fall into the “broke” category. Sixty-five percent of adults within the United States admit to living paycheck to paycheck. Most would blame the rising cost of living, but the truth of lack of economic planning and overindulgence might be considered the true culprits.

Ramsey’s co-host Jade Warshaw picked up on the sentiment, saying that in her opinion, being “penniless” means someone is solely financially irresponsible and their lifestyle and income don’t match up.

Ramsey, who has been open with fans about his past financial struggles, admits that hitting all-time low forced him to do a “CSI autopsy” of his funds, referring to the favored crime-investigation TV show. He then identified the primary reason Americans are struggling: automotive payments. Ramsey said that a ridiculously expensive automotive is a key indicator of being broke. “When you pull up at a stoplight and see five nice cars, you’re looking at five car payments,” he said.

Edmunds, an internet source for automotive reviews, found that the typical monthly automotive payment in the primary quarter of 2024 was $735. The data shows that just over 17% of automotive owners with a automotive loan kept a monthly payment of greater than $1,000 in the course of the same time-frame. Quarterly, Americans are being forced to stretch their budgets to maintain their vehicles.

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“In the United States of America, cars are a status symbol,” Ramsey said.

“But stretching your budget to keep a car you can’t afford is a sure sign of poor financial management. They’re sitting in stinking apartment complexes and there’s a $40,000 car sitting there. Those are… 100% broke people.”

The creator said that more Americans have to learn learn how to cut unnecessary spending and learn how to put aside money for investing and saving. Another listener, based on The Street, asked Ramsey about his thoughts on withdrawing money from his savings account to repay a bank card for a complete of $5,000. He told the fan that it makes more sense to simply take a part-time jobespecially because it’s not an enormous debt. “I’d honestly rather you took on a second job, nights or weekends,” he said. “It’s not a huge debt, and you could pay it off in just two or three months with a decent part-time job. Plus, your savings would be intact.”

If listeners don’t go that route, Ramsey offered some helpful suggestions, including not having to empty your savings to make the move. Second, and probably easiest, do away with your bank cards. “Cut up your credit cards, close your accounts, and never go into debt again,” he said.

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

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Live Nation plans to improve the Atlanta Center with an investment $ 5 billion

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Live Nation, Atlanta,


Live Nation Entertainment invests in its portfolio of real estate, committing to a plan value $ 5 billion to update the center of Atlanta about the district of the stadium.

The live entertainment company plans to rent a spot for 5,300 places at the Centenary Shipyard in Atlanta. Currently developed next to State Farm Arena and the Mercedes-Benz stadium, a mixed megaproject costs $ 5 billion.

According to Live Nation Will cooperate with sports teams and real estate programmers on the undertaking. The owner of Atlanta Hawks, Tony Ressler, whose team is playing at the arena, and his brother Richard Resssler, the owner of a CIM programming company, have already began introducing the project to realization.

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“The fact that Live Nation decided to be in the center of Atlanta is a great matter,” said the co-founder and director of CIM, Shaul Kuba. “We are creating a completely new market in Atlanta, which did not really exist before.”

It focuses on stadiums as a central element. However, the inclusion of Live Nation will ensure readiness and skill to bring artists from the list A in the center of Atlanta. His concert place will turn into one in every of the largest live internal theaters.

While the project guarantees to help the city of a fighting in the city center, economists don’t seem to sell in the neighborhood model at the stadium. Opposes experts say that projects use taxpayers’ funds to reverse expenditure from the community to the latest stadium.

Reflection of the city itself, the center of Atlanta (*5*)it stays variedAccording to black people, they constitute 48% of his population, according to. However, his financial and residential slowdown, escalated during a pandemic, makes him a brand new trial place for stadium districts.

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Until now, the centenary has made slow progress due to approval, permits and partnerships of city officials. In the case of only $ 1.3 billion in his budget, he has 162 apartments, brewery and pavements established in the area.

However, for the World Championships in 2026, a team of programmers hopes to complete a 304-unique apartment complex, together with hotels, restaurants and retail trade. In addition, he hopes to construct an addictive bar from cinema-sports, which might fit 1,500 participants.

In addition to investing in the creation of space in the center of Atlanta, Live Nation also plans to add 20 more places to its portfolio until 2026. He hopes to play an vital role in the developing entertainment industry and real estate in sport.

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This article was originally published on : www.blackenterprise.com
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The company supported by Aliko Dangot acquires POLLMAN Kenya trips

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Africa Travel Investments, concentrated company acquired Pollman’s trips and safari, the oldest organizer of Kenya trips. The agreement emphasizes the numerous trust of Private Equity in the long run of the Kenya tourist sector, a key factor contributing to the national economy.

The Competition Office in Kenya (CAK) previously approved the takeover of Africa Travel Investments in the quantity of 100% of the Pollman’s issued share capital.

Pursuant to the CAK statement: “In relation to the proposed transaction, after merger, the share in the integrated entity’s market will not change, because the goal and the buyer is not in a similar company, and therefore this will not affect the structure and concentration of markets for tour operators in Kenya.”

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This takeover occurs after the February investment of Alterra Capital, the Private Equity fund supported each by Danglot, the richest person in Africa, together with chairman Dangot Cement, together with the American billionaire Dave Rubenstein, on the ARP Africa Travel Group, Pollman’s mother company. According to CAK, connection won’t be going to affect A competitive landscape of the concert market in Kenya, including the obligatory focus of adventure and abundant safari.

The regulatory authority also determined that the acquisition won’t be going to adversely affect the employment or competitiveness of smaller firms contained throughout the industry.

CAK said: “The office also stated that the contract does not pose a threat to jobs or competitiveness to small companies, two of the key fears related to the law to Kenya. The parties indicated that they would not cause any losses of employment from the takeover.”

According to the Nigerian tycoon, it’s value $ 23.2 billion. Vast business empire dangot Include Dangote Cement, a serious cement producer on the continent with operations covering 10 African nations. His investments also include the production of fertilizers in Nigeria and the recently operational refinery of Dangot.

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The acquisition of Pollman by the entity supported by Danggot signals diversification to the promising tourism market in Kenya.

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This article was originally published on : www.blackenterprise.com
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Fenty joins forces with New York Liberty

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Fenty Beauty and Fenty Skin Rihanny transferred their WNBA partnership to the subsequent level, concluding a brand recent contract with the prevailing masters, New York Liberty, to point into an official sponsor of the band’s makeup and sweetness sponsor – announcement on May 7.

According to whom Rihanna gave an exclusive interview After the partnership is announced, the offer means the first Fenta trip in business with WNBA. It will likely be They entail the Fenty logo on the good and comfortable -up jackets before playing the team and shooting the sleeves, along with some activations contained throughout the sphereD Moments of discovering the product.

“I have always said that makeup is to have fun, express myself. This should reflect the atmosphere, a moment, personality – whatever you want. I am excited, seeing how amazing women from New York Liberty put the faces of the game and I am proud that they have fenta beauty and fasting skin this season,” said Rihanna.

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https://twitter.com/fentyheadlines/status/192012387318405353?s=19

Freedom also probably comprises the suitable mascot in all sports and The most recognizable and dense WNBAEllie The Elephant and Pachyderm coded in a black woman will likely be an infinite a component of activation contained throughout the sphere and other promotions which is able to emphasize cooperation between the team and the Fenty Beauty and Skin Rihanna line.

As Shana Stevenson, director of the Liberty brand, said with reference to the mascot of the Liberty brand, Ellie represents the position of Liberty in Brooklyn and the energy of the district on the extent that does several other mascots.

“The person we know today as Ellie interrogated during this open interrogation, and simply surprised us with his talent and interpretation of Ellie,” Stephenson reminded the shop. “It was so different, so fresh, so harsh. And we said:” This is our person. ” And I also felt a very New York, very Brooklyn in a way we didn’t see before. “

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Keia Clarke, General Director of New York Liberty, expressed the band’s emotions from sponsorship with Rihanna’s cosmetic brands. Clarke believes that Fenty and the team divide values ​​paying homage to supporting women and celebrating individuality.

“New York freedom is excited about working with Fenty Beauty-Pioneer, which shares our values ​​of supporting women and celebrating individuality, authenticity and confidence. Adaptation with similarly thinking brands allows us to provide significant connections and experiences that really resonate with our fans. Together we will include strengthening, courage and involvement in creativity,” said Clarke contained contained contained throughout the statement.

On the heels of the MET gala, which some Liberty players, paying homage to Jonquel Jones, Brenna Stewart and Sabrina Ionescu, along with Rihanna herself, Rihanna mentioned her faith that New York is perfectly embodded by the Liberty team In a press release.

“There is no energy and spirit like New York,” Rihanna said in an announcement. “Women from New York Liberty are an example of such beauty, power and strength, so Fenty Beauty and Fenty Skin have become part of their journey this season, he is amazing. We are excited to cooperate with them to get the faces of the game.”

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New York Liberty (T) Ellie The Elephan (T) Rihanna (T) Fenty Beauty

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