Being an African American in the year of 2008 is a very proud moment in time.  I know many of us feel this sense of pride knowing that we have a bi-racial or as some call him an African American Presidential nominee.

Although I am truly impress with Mr. Obama, I am more intrigued with his wife Michelle.  I won’t go into all of my reasons, but I will say that she is a positive role model for not just African-American women, but all women.

Here is my concern however.  Mr. Obama cannot save the African-American race.  We cannot put the burden on him to improve our communities, strengthen our families, and educate our children.  We are the true leaders. This is where wealth comes into play.  Since women make so many financial decisions, we need to do the right things with our money!  We need to own a home, stay out of debt, and teach our children that buying $200 shoes with someone else name on them is not a sign of wealth.

I think the Obama’s are truly inspirational, but we need to be careful not to relying on him or anyone else for that matter to lead us.  We all need to be leaders in our communities and start with understanding the importance of OWENRSHIP and true WEALTH.

Now be a leader with your day!

The Fear Is Gone!

I think this saying is the title of B.B. King’s song –lol-.  Anyway I was talking with my niece yesterday and we were discussing the economy.  I told her that while everyone is in a “Fear Mode”, smart people are getting richer.  Yes they are.  I saw this same panic happen back in 1987 when the stock market crashed.  I was new to the financial/banking world at the time and didn’t benefit the way I should have.
I remember getting a stock tip from my boss and mentor.  He would get dozens of dividend checks on a weekly basis and I would go down to the bank to deposit them.  I remember thinking “who would want a check for a 1.57” but the total amount of his deposit would always shock me.  Most of the time it was over $100 each deposit.

He told me to invest in Citibank stock.  At the time (1987) I hadn’t heard of Citibank. They weren’t in the West Coast at that time.  The stock price was about $5 a share and guess what?  I didn’t buy a single share.  Well, we all know who Citibank is now –right- ieeeeeeee
My point is every 15-20 years the economy does something crazy in a particular industry.  Then it was banking, now real estate.  Usually greed is the fundamental cause.  Currently, I am purchasing real estate at auctioning prices as low as $1,000.  Can you believe this? Oh well some see obstacles, while others see opportunity!