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The BlackProsperity Road Map:

Growth-change your Thinking/Habits/Confront your Fears.

Self Education- Knowledge is the key to successful wealth building.

Educate-Yourself to maximize your talent.

Career Planning-Plan the Career that is right for you. Discovering Your talents.

Money Management-Learn How to control your money.

Smart Banking-utilizing the full services of your bank.

Credit-Learn how to use it to your advantage and stay out of debt.

Investments-Learn about them to gain some money back.

Real Estate-A good start in investing.

Entrepreneurship-Owning your own business is it for you ?

Retirement- Don't be fooled what you do with your money dictates what kind of life style you are going to live. Weather it's Good, Bad Or Ugly

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Common Reasons for Denying Credit

Among the most common reasons people are turned down when they apply for credit are:

• Too little time in current job or at current residence.
• Too much outstanding debt.
• Unreasonable purpose for requesting credit.
• Cosigner cannot take on additional debt liability.
• Errors on applicant's.
• Strict creditor's standards.

NO WAY AROUND IT (the four C's of Credit)

For us as black people we have to realize that we really are not in a race, In reality it is not about trying to catch up with other groups. The most important thing is to provide the best that you can for yourself and your family, not as competing against others, but sharing any knowledge that you may have to help each other grow. We know at times that our young people will not listen, this is why the internet is such a great tool. 

Black Prosperity do not have all the answers pertaining  to financial matters but maybe if you drop a line or give a suggestion to this web site maybe just maybe it may help them to try to establish a future for themselves. As many of us say we want our children to have what we didn't have "KNOWING is the foundation of Greatness"  

So let your child see your pay check let them know how much is going toward rent food etc.. Don't talk at them but to them. It is a known fact within our communities that our income may not be the greatest but this is why we need to change our way of thinking. Being successful or educated is not acting white, it is something that each and everyone of use deserve no matter what occupation we hold peace and happiness and contentment is something that money can not buy, But money do make things a whole lot better.

useful calculators

Something to consider

Committed expenses:
Taxes of all kinds, basic living expenses, insurance, charity and regular bills. commit  60%

Irregular expenses:
Vacations, major repair bills, new appliances, etc. commit 10%

Long-term saving/debt:
Money set aside for car purchases, major home fix-ups, or to pay down substantial debt loads. commit 10%

Retirement:
Ideally, 10% of your gross income. commit 10%

Fun money:
Everybody needs a little fun money commit 10%

 From the theory of  The 60% Soultion

" We live in crazy times it is good to be optimistic but it is always good to hope for the best but plan for the worst"      

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