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American consumers account for the majority of economic growth. And they're cutting back on their spending.
What do you consider to be the most important issue facing black people in America? Jobs?
Money and credit are two items that affect nearly everyone. We earn, spend and sometimes save money. But it seems nearly inevitable that the need for credit arises and efforts to retire it become debt that can hang around longer than a bad penny.
Do women have different relationships with money than men? Very definitely, yes, says entrepreneur and business coach Meriflor Toneatto. “For women, money is an emotional currency, tied to our sense of self-worth and confidence, which can lead us to financial pitfalls that ultimately limits what we pursue in life,” says Toneatto, a certified business and life coach, and author of “Money, Manifestation & Miracles: 8 Principles for Transforming Women’s Relationship with Money,” (www.moneymanifestationandmiracles.com).
You’ve probably heard the advertisements on urban radio urging consumers with at least $10,000 in debt to call a number right away for a financial rescue. Promising to end debt troubles by getting creditors to somehow accept less money than what is owed can sound really appealing.
Veteran Investment Advisor Shares Four Tips for All Wealth Stages
Financial resolutions can be the most difficult to keep. They can include minute detail, number crunching, plenty of files and discipline that can affect a person’s entire lifestyle, says veteran investment advisor Paul Taylor, a member of the National Ethics Bureau.
The new MCE Women-Owned Business Loan (WOBL) Fund has loaned over $500,000 to businesses owned by women on The Eastern Shore and in the Annapolis-Baltimore area since being founded.
During a seminar in Buffalo, N.Y. a few years ago, noted author and financial adviser, Brooke Stephens said, “How you handle your money is a reflection of how you feel about yourself.”