Monday, December 21, 2009

The Latest from Dr. Boyce Money – 12/21/09

 

 

Dr. Boyce Money

Thursday, December 10, 2009

Dr. Boyce Joins Urban League tonight at 8 pm – You’re invited

Are you ready for some good financial love making?

 

Urban League Young Professionals of Philadelphia presents

Dr. Boyce Watkins

How are things in your financial bedroom?  Have you and your partner merged assets successfully or are you dealing with financial infidelity?  Are you suspicious of how the person you’re seeing manages money? 

What if you could have a full-proof way to know whether you were financially compatible with someone?  Or maybe you’re already married.  What if you could improve your communication as it relates to finances? 

Finances are the number one cause for divorce in America and in this recession just about everyone’s number 1 source for stress and anxiety.  But it doesn't have to be! 

Join the Urban League of Philadelphia Young Professionals on Thursday, December 10th at 8p.m. as we host Dr. Boyce Watkins for a FREE teleseminar entitled “Financial Love Making.” Dr. Boyce Watkins is a “financial activist” that appears regularly on CNN, MSNBC, and FOX News.  He has a Ph.D in Finance and has been a finance professor for over a decade.  He is author of “Financial Love Making:  Merging Assets With Your Partner in Ways That Feel Good.” 

In this Teleseminar Dr. Watkins will cover topics including:

  • Does size really matter? Meaning the size of your mate’s bank account

  • Getting financially naked with your partner

  • Dealing with financial infidelity

  • The art of financial foreplay

  • Finding a rhythm with your partner for good financial lovemaking

Dr. Watkins has received claim from a wide variety of individuals including scholar Dr. Cornel West, talk show host Wendy Williams, and civil rights activist Jesse Jackson.

The first 100 people to RSVP at www.createyoureconomy.eventbrite.com will receive free access to the Financial Love Making Newsletter (a $19.95 value). 

Save yourself time, money, and heart ache by participating in this free teleseminar or your wallet and mate might regret it. 

Thursday, December 10th at 8p.m. RSVP at www.createyoureconomy.eventbrite.com and we will send you the dial in information the morning of the call.

Brought to you by the Urban League Young Professionals of Philadelphia, Ascendant Strategy Group (www.ascendantstrategy.net) and UrbanPhilly.com a UCI Group company. 

Thursday, December 3, 2009

Tiger Woods Divorce might cost him a lot of Money

Tiger Woods and his financially costly divorce - what's he going to have to pay?

Sunday, November 29, 2009

Why Are Black People Not Getting Married?

Are the men or the women to blame for the reason that black people are not getting married?

Dr. Boyce: How Does Prosperity Gospel Work Anyway?

by Dr. Boyce Watkins, Syracuse University 

Nearly every African American knows just how important the black church is to our community. We also know about "prosperity gospel," the act of preaching about God within the context of wealth building. I admit that this form of faith is a bit odd to me. I am a Finance Professor and I become confused when my pastor talks about money more than I do. The saddest truth is that it's hard to tell the difference between a pastor and a pimp: Most pastors aren't pimps, but any pimp could be a pastor. The same skill set is required in both professions.


My father is a preacher, but he almost never preaches about money. I've never heard him asking for money on the pulpit, or mentioning that giving money to him is one of the keys to gaining access to heaven. But I don't presume that my father is right about all things, and given that I write about money on a regular basis, I have gained an appreciation for what financial resources can do to enhance your life. Also, one must be aware of the pragmatic realities of running a church: You have the building fund, bills to pay every month and any community service initiatives that the church chooses to pursue. The proper use of money can certainly enhance your ability to do God's work.

 

Click to read.

Friday, November 20, 2009

Dr. Boyce Money: Saving on Funeral Costs

by Dr. Boyce Watkins 

Funerals are never fun. They are emotionally draining and you are forced to endure the shock of knowing that your loved one will never be back in your life. In addition to the emotional devastation, you have to deal with the financial burdens of paying for someone to be buried. We all know that funerals are not free or cheap, and the last place you want to be cheap is when it comes to burying the person you love.
But there are ways you can keep the cost down. They say you can't take the money with you, but someone who doesn't plan for their death may be taking their relatives' money with them to the grave. Here are some ways that you can bury on a budget: giving relatives dignity without creating financial hardship.


There is a funeral cost calculator on FuneralswithLove.com that helps you to figure out how much your funeral might cost and whether or not you're going to be able to pay for it. Effectively, the cost estimator first determines your total resources from prepaid expenses, personal savings/investments, and death benefits. Once you know what is available to you, you have to determine how much you want to spend. Some of us want to go out in style and some of us figure that since we're dead, our relatives should be the ones having all the fun.

click to read.

Friday, November 6, 2009

How Your Family Can Manage the High Cost of Health Care

Get health care tips from Dr. Elaina George - how is your family going to afford it?

Tuesday, October 27, 2009

Mother, Wife and Businesswomen: How do you Balance?

In this episode of Financial Lovemaking, Dr. Boyce and Tia talk with Towanna Freeman, an author, speaker, wife and mother on how to balance love, life, and success.

Thursday, October 22, 2009

Black Entrepreneurship: Towanna Freeman Talks about Being an Entrepreneur

by Dr. Boyce Watkins, AOL Black Voices 

An entrepreneur doesn't think like everyone else. She is willing to take chances, disciplined enough to focus on a dream and passionate enough to pursue that dream. Towanna Freeman is in that category. AOL Black Voices had the chance to catch up with Towanna, to get some advice on striking out on your own, as well as managing a marriage, children and career, all at the same time.
1) What is your name and what do you do?
Have you noticed how so many people seem to be living an unbalanced life or living beneath their full potential? Well, I assist people, particularly women, who are ready to take life changing action to get that sense of balance back along with that greater feeling of fulfillment and happiness. I am also the principal consultant of Towanna Freeman & Associates, a management consulting firm with the primary emphasis on leadership coaching and employee performance improvement; the founder of the Young Women's Empowerment Network a nonprofit organization that produces empowerment workshops, conferences, and other special events for teen girls; and the author of "Purposeful Action, 7 Steps to Fulfillment."

Click to read.

Wednesday, October 21, 2009

Financial Implications of Love: Man Shoots Boy For Having Sex with His Daughter

by Dr. Boyce Watkins, Syracuse University, AOL Black Voices 

I have daughters and I love them all. They are all at "that age," between 16 and 20, where they tend to love the boys that you want to beat down the most. Every time I hear them express their undying love for Lil Wayne, I can only think about him having 3 women pregnant at the same time. When I see a Chris Brown poster in their room, I remind them that Chris was accused of having boxing practice on Rihanna's face.


But as a father, you can't protect your daughters from themselves. Some things they have to learn on their own. And if sleeping with a pants-saggin, "purple stuff dranking," gold grill wearing, 10,000 tattoo having buffoon is the way they need to learn their lessons, you just kinda have to deal with it.I empathize with Wade Edwards, the man accused of shooting a boy for sleeping with his step daughter. Wade shot the boy four times, aiming for the "relevant zone" with each bullet. But while I can understand Wade's anger, I do not, for one second, condone his actions.

Click to read more.

If the link above doesn’t work, click here.

Financial Lovemaking: Shooting Your Daughter's boyfriend

We all want to protect our kids, but does it make sense that Wade Edwards shot his daughter's boyfriend?

Wednesday, October 14, 2009

Your Health Insurance News – 10/14/09

Health Insurance Companies causing pain for patients: Are insurance companies limiting the options available to your doctor? That may be the case. While our nation is quick to blame physicians for the state of healthcare, the insurance companies may be a more sensible target for our collective frustration.

What is umbrella insurance?
- This type of policy protects you from all the things that your standard insurance plan doesn't cover. Everyone should consider getting umbrella insurance.
How do you keep your insurance if you lose your job? - If you don't know the answer to this question, you need to learn about the COBRA laws. COBRA allows you to keep your old health insurance if you lose your job, and as part of the stimulus package, the federal government pays 65% of the cost.

Click to read more.

Sunday, October 11, 2009

Financial News: Insurance Costs Overwhelming Many Americans

"The high cost of each premium and the high deductible a person or family must pay per year is my biggest complaint against health insurers."

"For example, I pay around $300 a month for my wife and me for basic coverage, and pay a deductible of $750 each every year, not to mention a co-pay of $15 to $20 at the window."

"My yearly income is around $32,000 a year. Very little is left for goodies. Meanwhile, a doctor takes in $80 to $120 a visit that lasts 15 to 20 minutes. Imagine how much he makes a day, a week, a month, a year. Plenty of goodies here."

 

Click to read.

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Friday, October 2, 2009

Consumer Bankruptcies Soar During September

Consumer bankruptcies soared 41% from the previous September and climbed from August, as high unemployment and the housing market crash took their toll, the American Bankruptcy Institute said Friday.

September filings totaled 124,790, the fourth-highest month since the bankruptcy law changed in 2005.

Filings also rose 4% from August, even as recent reports indicated the housing market might be stabilizing and consumer confidence appears to be recovering.

September's filings pushed 2009 consumer bankruptcies to 1.05 million, the highest for the first nine months of a year since 1.35 million in 2005.

The American Bankruptcy Institute said it expects consumer bankruptcies to climb to more than 1.4 million this year.

The U.S. unemployment rate rose to a 26-year high in September at 9.8%, according to government statistics released on Friday.

 

Click to read.

Thursday, September 24, 2009

Ever Thought Hard about Property Insurance? Well, you need to think again

Your Black World 

Most of us know very little about the ins and outs of property insurance. Christopher Chestnut is not in that category. As a prominent attorney out of Florida, Mr. Chestnut has taken on multi-million dollar cases and handled some of the most complex lawsuits imaginable. As one of the leading young black attorneys in America, Chestnut has been recognized by President Obama for his outstanding accomplishments.

I spoke to Chris this week about Property Insurance and what it can do to make your life a little simpler. Here is what he had to say:

1) If you rent, make sure you have renter's insurance. Also, make sure your landlord has homeowner's insurance, since renter's insurance only includes the contents that are INSIDE the house

2) Check your landlord's insurance regarding injuries on your rented property. Most people are unaware of the fact that the homeowner is liable in the event that someone is injured on their property. Even if the children across the street climb the fence to get into your yard, you are liable if one of them gets hurt. Find out how your landlord's homeowner's insurance would cover you if someone has an accident.

Click to read more.

Wednesday, September 16, 2009

Health News: A Strong Case for Healthcare Reform: Divorcing to Stay Alive

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from The Huffington Post

For Mary McCurnin and husband Ron Bednar, money trouble has followed health trouble. In 2003, the couple declared bankruptcy after their insurance covered only 10 percent of treatment costs for her breast cancer and his intestinal bleeding. In 2004, McCurnin’s breast cancer returned, and Bednar underwent open heart surgery.

Now, after repeatedly refinancing their house to pay medical bills and living expenses, they’re broke. To improve their chances of growing old together, they’ve filed for divorce.

"It occurred to me that I could get my first husband’s Social Security," said McCurnin. Her first husband, to whom she’d been married 20 years, died in 1989. When she turns 60 in November, McCurnin said she will be eligible for $1,200 in monthly survivor’s benefits from the previous marriage. As the Social Security Administration told her, she can’t have the survivor benefit if she’s married to someone else.

Read more at: http://www.huffingtonpost.com/2009/09/16/loving-couple-divorces-to_n_287094.html

September 17, 2009 Posted by Staff | african american health, black healthcare | healthcare reform | No Comments Yet

Thursday, September 3, 2009

The Link Between Sex and Money

by Dr. Boyce Watkins, Syracuse University

I recently appeared on ABC News to talk about Financial Lovemaking, and the link between sex and money. I've discussed relationships and money several times on AOL in the past, but I think that I should quickly lay out some very interesting similarities that may not have crossed your mind. As I teach my Personal Finance Class at Syracuse University this semester, I am reminded that managing our money is linked to managing our love, which is critical to the ultimate goal of effectively managing our lives.

1) Many people think about both sex and money every single day. Don't lie, you know you enjoy thinking about sex, even if you aren't getting any. But chances are, you also think about money, whether it's figuring out how to get what you need or how to keep what you've got. Even most rappers spend all their time talking about either sex, money or how they use their money to get more sex. It's actually a universal concept.

Click to read.