Blackstocks.com: In the Know

There Are No Gurus

' People can assist. People can help, but - when it comes to my money there are no Gurus.'

I remember the first time that I started to pay attention to terms like cash flow, and profit centers. Though I had an MBA, these terms really did not hit home until, I watched a commentator interview a special guest on television. The guest was the late - and truly great - Barry White.

Here was this guy, that most considered a love-song singing maestro, talking about the responsibility of taking care of an entire orchestra when he traveled. His answers to the commentator made it clear to me, he had the entertainment, and the money making side of his business under control.

The commentator in his interview with Barry mentioned that he was the Guru of love. He went on to ask him, “After such a long absence, how did you make it back?” Barry had not released an album in sometime.

Mr. White quickly checked the man. He said, ' Guru. I ain't no Guru. And I have not been anywhere. If it makes you feel good to say I am back, then fine.'

Barry would not let the commentator set him up as an expert or Guru.

The Barry Whites of the world and someone like Bob Johnson, founder of Black Entertainment Television, are wise. They don’t let celebrity go to their heads. They will quickly let you know that they 'ain’t no Gurus.'

What's the point? People can assist. People can help, but – when it comes to my money there are no Gurus. I appreciate the great advice that I can get from a sharp broker. I understand and care about the help I may receive from a well-schooled financial planner. You have thousands of highly educated people who want to help you. They are making an honest buck. Some may attempt to push the stock diseur or investment of the day on you. On the other hand, most won't.

The challenge is not to slap your money under the mattress. If you try something and it does not work - don’t give up. Remember if you learned something from the process – you can never fail. Pick yourself up, dust yourself off, and get back in the game.

Excerpt taken from ' The 10 Principles of Wealth for Black People and Other Folks Too'

Technorati tags: Bob Johnson, founder of Black Entertainment Television, BET, Barry White, investing, money, broker, Alton Perkins, www.blackstocks.com, Blackstocks/ShareBuilder, African American

Life Bank - James Brown Beat the Odds

Soul 'Godfather' James Brown dies

• James Brown dies after being hospitalized with pneumonia
• Agent says it is unclear what 73-year-old singer died of
• Death ends revolutionary career at forefront of funk and disco

There's much to be said about James Brown passing on this day, Christmas day. For many of us, black, brown, red, or white and of most any hue, James Brown meant something special to us all. Because of him not only can we still say, I'm black, brown, red, yellow or white, and I'm proud.

We can all stand up and say it loud. But what is really special about Mr. James Brown is that he beat the odds. What odds? The odds that say the average African American male will leave this earth most often on or before his 69th birthday. This is according to the U.S. Government ' Life Expectancy' Mortality Data.

On the other hand, African American women are expected to live on average 75.5 years, while white males on average live to about 74 years of age; and white women 80 years. In the Book, the '10 Principles of Wealth, for Black People and Other Folks Too!' it talks about what is called your ' Life Bank.'

The book further challenges you to take a look at how many days, hours, months, and years you have left in your, ' Life Bank.' It outlines based upon your age and race, approximately how many years you have left to do something, mostly good, before, the time runs out likes grains of sand in your life bank.

James Brown left us with much brilliance, knowing that we all can be proud. Now let's all standup regardless of your hue and, say it loud, I'm sure the right master James Brown would surely be proud!

Technorati tags: James Brown, African American, Black male, White male, White Woman, The 10 Principles of Wealth for Black People and Other Folks Too, www.blackstocks.com, Alton Perkins, Music, Soul, R& B, Life Bank, Funk, Disco, South Carolina, African American

The Color of Money

The Color of Money

“People may say ‘Some things are impossible,
Some folks never try,
Some folks see an obstacle,
And never get by..”

The Temptations

Let me cut right through the chase.

I am giving it to you from a person who ought to know, Bob Johnson, founder of Black Entertainment Television, and recognized by Forbes Magazine, as the first African American billionaire.

When asked, “What are the top five ways for black folks to grow wealth?”

He Stated “The same as white folks.”
1) Save money
2) Invest money
3) Postpone instant gratification
4) Accumulate assets; and
5) Don’t be afraid to take risk.

There you have it, up front, and without fan fare. Implement these five points and you can grow wealth too.

Why?

Why The Ten Principles of Wealth For Black People and Other Folks Too? Buy Now- Down Load

By 65 Many Will Be Dead Broke

Here’s why.