Consumers should be aware of the risks associated with different payment methods and take steps to protect their money from scammers, such as using secure payment methods, being cautious when sending money to unfamiliar individuals, and taking advantage of credit and debit card protections.
Category: Money
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Planning for your small business future
Planning for an ownership transition is essential for entrepreneurs to ensure the success of their business and create wealth-building opportunities for current and new owners.
Posted inBlack Press
47th president’s personal fortune surges as critics point to historic monetization of presidency
Since his reelection, Trump has doubled his net worth, expanded his business empire, and used the presidency to capitalize on a level of influence and impunity that has redrawn the boundaries of acceptable conduct in Washington.
Posted inBaltimore News
GBC and SelectUSA host second annual Baltimore Region Investment Summit
The Greater Baltimore Committee co-hosted the Baltimore Region Investment Summit with Select USA on May 15 to showcase the region’s growing infrastructure, business opportunities and appeal to national and global investors.
Posted inBaltimore News
Transforming market downturns into opportunities for retirement
In the wake of market volatility, Engage Wealth CEO Byron Deese urges near-retirees and young professionals to reassess their retirement strategies. From 401(k) reallocation to Roth IRA options, real estate and diversified investments, Deese highlights practical steps to protect and grow retirement savings during uncertain times.
Posted inBaltimore News
Baltimore residents demand fair budget, aid for immigrants at taxpayers’ night
By Tashi McQueenAFRO Staff Writertmcqueen@afro.com The Baltimore City Council held its fiscal year (FY) 2026 Taxpayers’ Night on May 15. Taxpayer’s Night is an annual opportunity for the community to voice their thoughts and concerns about Mayor Brandon M. Scott’s (D) proposed budget before the council decides whether to accept the mayor’s budget as is […]
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Rent vs. own in today’s economy: Is now the best time to buy?
Homeownership can be a long-term wealth-building strategy, but renting may be more affordable in certain areas and offer more flexibility, while owning a home provides stability and the potential for equity.
Posted inMental Health
Money woes and mental health: The unspoken struggles of financial stress
Money-related stress weighs heavily on many Black Americans, often manifesting as emotional and mental exhaustion and strained relationships. Experts say historical inequities, ongoing financial disparities and cultural pressures make the burden especially intense and deeply personal.
Posted inMoney
From debt to success: Lamar Laing’s journey
Lamar Laing, CEO and founder of Copiafy, turned his struggles with debt and poor credit into a mission to empower Black Americans with financial literacy and resources. Through Copiafy, an online platform, he provides tools for setting financial goals and tracking bills and credit report disputes.
Posted inMoney
Gray divorce: 10 financial and tax issues you must know after 50
Beyond the emotional toll of gray divorce, securing your financial future requires smart planning—starting with professional legal help and extending to budgeting, downsizing, Social Security strategies, income options and long-term care decisions.
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Harnessing Emerging Technologies to Power Your Business
Small business owners are increasingly using AI to drive innovation, efficiency and growth, with 80% already using or planning to implement AI, focusing on customer-facing applications like chatbots and customer service automation.
Posted inMoney
Saving, spending and surviving: Real talk on financial literacy
As financial literacy takes center stage this month, individuals are finding creative ways to budget, save and manage rising costs. From cutting back on dining out to using cash-only spending methods, everyday people share how they navigate their finances. While some prioritize emergency savings, others focus on investments or stretching their dollars with strategic shopping. Their stories highlight the realities of financial planning and resilience in today’s economy.