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Tagged: money

10May

Why Your Mate’s Character is More Important Than Their Money (BlackEnterprise.com)

Posted in Career, Family, Finance, Life, Men, Romance and Relationships, Women | Leave a comment

Why a love interest’s money can only take you so far

Let me offer this quick tip to you as a public service announcement: If you desire a truly healthy relationship with someone, focus more on their character than the amount of currency they make or have.

It seems that in today’s society, there is a lot more focus placed on income and not enough attention on people’s character. Unfortunately, a number of men and women have resolved within themselves to list income as an item on their future mate checklist. God forbid they run across someone who meets the majority of the core areas like love, respect, compassion, etc., but happens to work in education or in a factory. Is someone who meets all of the character requirements, but only makes $30-$50K automatically ruled out?

I know it sounds absurd, but I’m sure many of you have heard of stories where a friend, family member or co-worker may have eliminated someone from consideration because they didn’t make enough money. If you haven’t experienced this personally, consider yourself lucky to not have had to deal with such superficiality. I believe our culture’s infatuation with money and success has been one of the contributing factors to the decline of healthy relationships. However, that’s entirely different topic to deal with.

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15Apr

3 Financial Habits Your Future Spouse Will Appreciate (BlackEnterprise.com)

Posted in Debt, Finance, Men, Romance and Relationships, Women | Comments Off

Live happily ever after — at least financially stable

The divorce rate in our country is currently above 50 percent. That’s a staggering number. There are a number of factors contributing to this dilemma, but a number of marriage counselors and divorce attorneys will attribute this trend to money, sex and communication as the top three reasons. I personally believe communication is the underlying factor linked to all of the reasons, but I won’t address that point in this post.

Let’s focus on the issue of money in relationships. Unfortunately, too many people wait until after they get married before building a working knowledge of finances. Actually, one of the best times to gain an understanding about money and build positive habits is during your time of singleness. There are some great lessons to learn when you’re single and those lessons can serve as a great foundation for having the money conversation prior to marriage. Notice I said “prior to” marriage. The best time to discuss finances with your significant other is before tying the knot. Some of the financial issues couples experience can be avoided if a couple communicates openly and honestly in advance.

If you’re single, here are 3 financial habits your future spouse will appreciate you putting into practice:

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14Mar

Prenuptial Agreement: Smart Financial Move or Plan to Fail? (BlackEnterprise.com)

Posted in Finance, Men, Romance and Relationships, Women | Comments Off

Is it still something that you need to have so they don’t leave with half?

Two people meet. They date. They fall in love. They make a decision to get married. They begin going through the normal process of preparing for marital bliss. However, there is one element a lot more couples are entertaining as part of the marriage preparation process: prenuptial agreements.

Once reserved for wealthy athletes, entertainers or business people, prenuptial agreements are now finding themselves into the premarital process as a common topic of discussion for many of today’s couples. Why are they becoming more common?

As more men and women are waiting later in life to get married, each brings a lot more money and material wealth into the marriage relationship. According to a report published in Bloomberg Businessweek, the average age of the first marriage for men is 28.7 years of age, and 26.5 years of age for women. The delay in marrying allows each person to become experienced in their respective careers, while beginning to build home equity and retirement funds.

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02Mar

Why Complacency Is Costing the African American Family (BlackEnterprise.com)

Posted in Business and Professional, Debt, Finance, Life, Men, Women | Comments Off

Thoughts on generational wealth for our families

The African-American family is currently at one of the lowest points in recent history. Critics, media and community publicists all weigh-in trying to allocate blame to the cause of our societal and cultural demise. I agree that the liberated black woman movement has influenced a shift in how the family structure was traditionally built, but also recognize the desire for a woman to better herself should be seen as an asset and not a liability. After all it is not her fault that a number of black men have lost motivation to better themselves.

Despite the issues our black women possess today, you can often identify one of us (black men) as the source behind many of their troubles. Whether it’s abandonment by a father or mental/physical abuse in relationships…we are generally behind these unfortunate experiences, but I digress.

Let’s explore a couple questions that need to be asked regarding black men’s complacency and its associated financial impact.

1. Why are so many of us not finishing high school and opting to simply underachieve? It is not okay for this trend to continue, especially in a society that is demanding higher qualifications for some of the most basic employment opportunities. There is definitely a specific group of men that are better served pursuing alternative learning and skill development training (trade schools), but this should be the exception and not the norm. In health, we identify cancer as a disease that eats away at the various areas of a person’s body.

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11Feb