Personal Finance and Business

Personal Finance and Business Archives

Magic Johnson offers $100 million in loans to minority businesses

May 21, 2020

Former Los Angeles Lakers guard and team president Earvin “Magic” Johnson announced his life insurance company will provide $100 million for women- and minority-owned small businesses as part of the Paycheck Protection Program (PPP). Johnson, the owner of EquiTrust, the nation’s largest minority-owned insurance company, will partner with MBE Capital Partners, a Latino-owned company, to… [Read More]

The hotel industry, like so many others, is doing everything it can to stay viable during the COVID-19 pandemic

May 21, 2020

In Milwaukee, hotels like the Iron Horse, Potowatomi and the Pfister, all closed early on in the pandemic. They’re not alone. Trish Pugal, interim CEO of the Wisconsin Hotel and Lodging Association said at the start of the pandemic, 18,000 hotel and lodging employees were furloughed. She said that number likely has increased significantly. “Approximately… [Read More]

Coronavirus and the new American economy (part 2)

April 30, 2020

By Solomon Ali CEO of NDR Energy Group and Revolutionary Concepts Part 2: How we brace for financial impact and minimize the fallout • Communicate with your creditors and debtors Explain where your company is at, discuss options and re-negotiate terms if you can. Inquire about extensions on payment terms, request waivers of late fees… [Read More]

COVID-19 financial warning: Consumers and banks should stay away from Payday Loan Stores

April 9, 2020

By Charlene Crowell Senior Fellow with the Center for Responsible Lending For the foreseeable future, ‘normal’ life will be indefinitely suspended due to the global pandemic known as the coronavirus. Record-breaking employment layoffs in the month of March resulted in the Department of Labor reporting that 10.4 million consumers lost their jobs and filed for… [Read More]

Department of Revenue Secretary Peter Barca warns of scams related to COVID-19

April 9, 2020

Reminds taxpayers to never share personal information via phone, email or text Department of Revenue Secretary Peter Barca has some very simple and important information to share with Wisconsinites waiting for stimulus checks from the IRS. “The IRS will never call, text, or email you to ask for personal or banking information, and neither will… [Read More]

Planning for the future requires the right team behind you, WE Wealth Management Group

December 19, 2019

Perhaps the most reliable method to accumulate wealth involves creating a realistic investment plan, sticking with it and educating your heirs so they are prepared to assume the responsibilities when the time comes to pass those assets on to the next generation. Unfortunately, investment planning within the African American community of Milwaukee is underused and… [Read More]

How not to break the bank this holiday season

December 13, 2019

The holidays are almost here. Get ready for festive parties, family gatherings, and…financial stress? Hold up, let’s scratch that last one. The holidays should be a time for celebration, not financial frustration, yet why do so many people find themselves worrying about their bank accounts this time of year? With the amount of commercialism we’re… [Read More]

Ten insider tips for new car buying

October 31, 2019

Whether you buy a new car regularly or haven’t shopped for one since the invention of the minivan, the process goes more smoothly when you know what to expect. Let’s start with some good news: There’s a ton of information available to the savvy car buyer like you. And here’s some better news: Most dealers… [Read More]

Worried about saving for college? Here are the key points to consider

October 16, 2019

By Alexander Joyce As students head back to college, millions of parents are hoping their younger children someday can do the same. With the high costs of college continuing to rise and many students and families saddled with heavy debt, saving for college has become as important as ever. Many people started savings plans early,… [Read More]

Historic King Drive BID #8 hosts annual meeting to discuss King Drive in 2020

October 10, 2019

On Wednesday, September 25, 2019, the Historic King Drive BID #8 hosted its annual meeting at the Jewels Caribbean Restaurant, 2230 N. Dr. Martin Luther King, Jr. Drive. The purpose of the meeting was to discuss BID #8’s plans for the King Drive business district in 2020. The event was also a chance for business… [Read More]