Centuries of discrimination have created a cavernous wealth gap between Black and white Americans. Today, Black Americans own an estimated one-tenth the wealth of white Americans — $17,150 for Black families compared to $171,000 for white families. This gap is not only bad for Black people, it’s bad for the […]
Month: October 2020
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This year to me has been like 1918, 1929 and 1968 all wrapped into one. As financial services is central to our economy — and society — I held a September 10, 2020 conversation with four industry leaders to discuss their strategy; the Zoom audience was about 500. Here are […]
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As your business grows, you’ll likely have more capital in rotation. As you bring in more money, you will also need to spend more to continue growing. However, it’s important to ensure that you’re not spending in excess and are still saving money where you can. Otherwise, you may find […]
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Founder and CEO of SmartFinancial.com: on a mission to make the insurance buying process more efficient. getty It used to be that if you asked someone who they’re insured with, they’d give you their insurance agent’s name. Billions of dollars in advertising later, people now name their carrier and barely remember the […]
As millennials, we’ve learned about money the hard way. From the Great Recession to stratospheric student loan debt to a pandemic, there’s been no shortage of life giving us lemons. While the long-term economic effects of the pandemic are yet to be fully realized, you may have noticed one positive […]
Entrepreneurs have seized the opportunity to start new companies in a wide variety of industries during the COVID-19 pandemic. While not all of these ventures will be successful, businesses that help alleviate some of the new challenges created by the pandemic are poised for long-term growth. Here are three industries that hold promising opportunities for entrepreneurs looking to start new businesses. 1. […]
Real estate is the most valuable asset most people will ever possess, and insuring against natural disasters like floods and storms is common sense. Or so you might think. Two government-mandated programs are in financial straits, with critics asking if they should exist at all. The Texas Windstorm Insurance Association […]
Six months into the coronavirus pandemic, many Hollywood companies still can’t head back into production on film and TV projects because of one major roadblock: Insurers have made no moves to incorporate pandemic coverage into policies, leaving big studios to self-insure and smaller production companies to seek pricey alternatives — […]