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On February 23rd 2019 we had the pleasure of joining Host Elder Michael Davis on his Radio Show ” Ministry in the Marketplace” on Praise 106.1 FM in Baltimore. We spoke about how any business can obtain access to capital through business credit.
If you want to understand how simple and effective a process it is to build business credit listen to this live recording below. And if you would like to understand the process completely and how it can help your business call our Business Credit hotline and give us your name, email address and phone number and we will send you a Free 90 minute webinar that explains our 7 Step process to obtaining complete business credit, linked to your EIN and not your Social Security Number.
Listen Now: https://bit.ly/2EtiWCH
Call The Business Credit Hotline at 1-833-429-2733 (833-4BZ-CRED)
Blacks who attended predominantly white universities can use their Power, Influence and Money to help today’s Students
I am taking this entire week to recover from all the hanging out I did with my fellow alums at the University of Maryland Homecoming this past week. I sit in a café writing and reflecting on all that has changed at my alma mater since 1989. More to the point, I am reflecting on all that has happened to change Black life at the university since the first Black undergrad (Hiram Whittle) was admitted in 1951, the first Black grad student (Parren J. Mitchell) in 1952, and the first Black Women (Elaine Johnson) in 1955.
For the Blacks who attended UM before the early 1980s, it was a largely racist and unwelcoming step toward a better life in America. The majority of the administration, faculty, staff and students called and treated those students as if they did not belong. So much so that the federal government had to step in and insist the University change its treatment. One item on that list was use of the word “Nigger,” which, if you talk to anyone who came through UM between 1951 and 1979, was the first word they heard when the stepped on the campus. As a result of their treatment, it is difficult to find Black graduates for the 1950 and 1960s, because almost all transferred to more progressive and welcoming institutions of higher learning.
By the 1980s and 1990s, UM had been transformed into a mini-HBCU, with a Black student body that numbered close to 1,500. Those students enjoyed total access to university resources and a prospering and successful Black student body. When I arrived at UM in 1989, I was overwhelmed by the large campus and the 35,000 predominantly white students. But within weeks I was enveloped in the arms of the Black Terps and have remained so for the past 25 years. I can’t tell you the hundreds of incredible benefits that have sprung from my time at UM, but can attest to the fact those benefits arose out of the great relationships forged during my time at UM, and nurtured ever since.
And here are some of the facts to bear witness to the facts that the benefits of UM are not mine alone:
- The University of Maryland has the largest group of Black Alumni of any predominantly white institution in the United States of America.
- The University of Maryland produces more Black Lawyers than any institution including HBCUs in the country.
- The University of Maryland instituted a rule that all athletes will be allowed to stay at the university and complete their degrees.
- The University of Maryland graduates 86% of its matriculating Black males and 89% of its matriculating Black females, more than any other similar school.
It is now time for the Black alum of the University of Maryland to take their rightful place in shaping the next 100 years of Black life at our wonderful institution. Black Alums have amassed power, influence and money both nationally and internationally, and it is time that those resources are put to great use for the next generation of leaders, lawyers, engineers, scientist, businesspeople, artists and others seeking a top-notch education.
Because many alums identify more closely with their classmates, fraternities and sororities and organizations than they the university itself, it can be difficult to determine how best to make a contribution to serve the next generation of Black students. Below are a few rules for giving that will help ensure your contributions can reach, and more importantly affect, the future wellbeing of Black students at UM:
Target your giving. If you want to help provide money scholarships for Black students, make sure your money is earmarked specifically for that purpose. Unless your money is earmarked, it can end up anywhere the university sees fit. Neither Bill Gates nor Warren Buffet give money unconditionally, so why should you?
Find a UM organization you care about and give through them. Give through a group focused on the community you seek to help. Such donations give that group more power and influence, and help them achieve their mission. In addition, those donations send a message to the university that this group is a force to be reckoned with. Giving through a specific organization also provides you with more opportunities to observe how your money is being spent, and allows you to play a greater role (if you want to) in helping that organization meet its goals.
If you had a bad experience with racism and bigotry while at the University, you are just as responsible to give to the current student population if you have the resources to do so. America has been a largely challenging experience for Blacks, but the Black students of 1951 – 1979 are as needed as the grads from 1980 to the present. You need to come see that your sacrifice was worth it. In 1951 if someone called you a nigger you took it; by 1989 the person who used such words was not tolerated by the University or the Black students. Now that’s progress!
Today’s students have a different perspective of race relations that we did, and our perspective was far different than those first UM pioneers in the 50s and 60s. But we stood on the shoulders of those that came before us, because their influence paved the way for the seats we took. We must use our influence to pave the way for today’s students, though our commitment to them in time, service, and money.
Don’t just give money. Be visible. Go to alum functions; go to football and basketball games. Volunteer to mentor a student. Provide internship opportunities at your job or business. The ability to help another person’s life turn out better is real power. Call your friends who went to school with you and encourage them to make their power and influence felt at your alma mater. Your network is your net worth.
Give out of love, not obligation. I appreciate UM for the opportunities and relationships it provided me. I choose to give to the university because I love the young people I may never meet, and relish the opportunity to positively influence the outcome of their lives. I encourage you, as fellow alums, to do the same. It is a blessing to be able to help others, and UM has helped me provide that blessing. Being a contributing member of UM alumni community has also has provided numerous financial opportunities and unforgettable memories.
But if you are reading this and weren’t lucky enough to have gone to the University of Maryland, I am sure that there is an educational institution that helped you (or could have), and the students there could use your help. These rules still apply.
The easiest way to get involved and implement these rules is to reach out to fellow alum that you see working hard for the university and ask how you can be of service. Other than that go to homecoming next year and experience what you helped to create.
Wishing you Wealth, Wellness and Wisdom
Mark Fuller lectures on Wealth Building
This is an wonderful idea for recapturing your creativity and peace in your life.
Wishing you Wealth, Wellness and Wisdom
Manager of Wealth
Income is the Goal not simply Cash Accumulation.
Listen to the lecture below and learn just how important income is to a truly happy life and retirement. If you knew what was shared in this lecture when you were beginning your financial life, you would be well on your way to a more secure future.
Check it out Now:
On December 5 2013 Bowie State University invited Mark Fuller of Manager of Wealth LLC to speak to their Freshman students in their Freshman Seminar class. The topic was personal money management and financial responsibility. What grew out of this lecture was a historic conversation between a seasoned financial veteran and several hundred beautiful young Black Minds. Few people in America ever know the truth that was shared at this lecture before they ever make, spend, or invest their first dollar.
I hope this conversation will be both informative and instructive for you and your family. Please share this conversation with the young people in your life.
“Freedom is a road seldom traveled by the multitude” – Fredrick Douglass
Special Thanks to A. Johnson, and the Bowie State University Career Center and the incredible faculty and students of BSU
We have built a retirement system that violates the golden rules of investing. For the last three decades people have been investing in nameless faceless companies with great marketing and poor returns. It is time you understand that’s it’s not at what age you retire but at what income.
Click on the link above and watch what’s really going on in America’s retirement system. Don’t worry we are going to talk solutions in the next blog post.
Wishing you Wealth, Wellness and Wisdom
Manager of Wealth
A grocery store is a complicated place to shop if you want to truly be healthy and live a long life. More Americans are seeking to preserve their QUALITY of life through better eating and are now coming to understand that their choices in the grocery store must change. The world of personal finance, wealth building, and retirement planning has the same challenges as shopping in the grocery store. There are lots of good-looking investment and savings options but very few that are actually good for you. Few will give you the desired outcome which is a long happy life with enough passive income to enjoy your retirement and leave wealth to your heirs.
Below are a few simple rules that will help you be a better consumer of both food and financial products.
Rule 1 for Food
90% of your groceries should be real food from the produce aisle. The more raw food and living food you eat the more real nutrients you will absorb and the better your health will be. 90% of what is in a grocery store is not Food. It is a chemical compound that is packaged in an attractive wrapper but it is not food. Oreos, Twinkies, frosted flakes, spaghetti sauce etc, is not food. Apples ,Oranges, Carrots, Kale, and Bananas are food. If it comes in a package it’s probably not food.
Rule 1 for Finance
90% of all investment produces are prepackaged nightmares that come with too much risk. Avoid as much as possible IRA, 401k, 403b, Thrift savings plans, and mutual funds. These plans are mostly prepackaged garbage with very high hidden fees and lots of market risk. These products can only perform in a raising market but get hit hard every time the market falls. These products are the junk food of the finance world and American baby boomers over consumption of these products produced the greatest bull market in history that took the market to 10000 and beyond. Wipe away all the sales and marketing nonsense and realize that the stock market took off from 1982 to 1999 because baby boomers put all their money in their companies 401k,403b, and thrift savings plans and bought mutual funds. Did I mention that this group has 70% of all of the savings in the country? Over the next decade they will walk away from these products and kill the market for the rest of your lifetime. Avoid these plans and stick to safe products with guaranteed income and favorable tax treatment. You should be investing to create a pension or even multiple pensions. A focus on income and tax reduction is really all you need to understand about planning for retirement. Focus on INCOME!
Rule 2 For Food
Rarely do grocery stores market things that are good for you because they are not sexy. The sexy stuff comes in a fancy package and has a marketing slogan. There is a marketing campaign for every cookie, every toxic chemical in the cleaning aisle, every low sodium TV dinner. If it has a commercial or a mascot and people are buying it avoid it like the plague. When is the last time you saw a commercial for a grape or Kale. You body struggles to break down the things you see commercials for but it absorbs the nutrients out of the real food items.
Rule 2 For Finance
If it has a commercial in finance it probably has little to no financial use and too much risk. People are buying their insurance from lizards and Geckos, and dancing bears. They are being sold on the lowest monthly cost without considering what type of coverage they get for that money. That improper coverage leaves them exposed to many risk. They are walking around carrying big Orange Numbers asking “what’s you number.” The question has never been at what age you retire but at what Income. That big orange number doesn’t tell you how much money you can spend a month and what your tax burden will be.
The best financial products are not marketed on TV. The wealthy use another group products that are they are safe and unsexy. The wealthy look for income and products with low or no tax. In addition, they look for companies that have a track record of paying for 100 years or more. It’s hard to make that sexy, but that’s why the wealthy are wealthy.
Rule 3 For Food
Drink lots of Water but not bottled Water
About a decade ago the country finally got to the point that it agreed that water is very good for the body. This was a good thing. From that discovery the industry of bottled water took off. People stopped trusting water out of the tap and started carrying water everywhere they went. Grocery stores began to stack bottled water as high as they could and a trend began that shows no sign of slowing down, ever. In fact ,the worst public water gets the more bottled water will be sold. There is just one problem with this and that is that the bottle that holds the water is poisoning the water and that poison can cause cancer. In addition , fresh water loses its’ real value after three days so all the water in a grocery store is dead water, not fresh spring water like the package claims. Great idea but poor execution.
The proper water filters and a system that gives you alkaline water in PBA Free bottles is a simple solution. This truth represents a loss in sales of billions to the bottled water industry and the grocery store so don’t expect to see this anytime soon.
Rule 3 for Finance
Save as much money as you can for retirement but not in retirement plans
Americans have one of the lowest savings rates in the world. That may be because people have seen their savings wiped out over and over again since they started investing in the stock market in the 80s. The S & L crisis, the crash of 1987, the tech bubble 0f 1999, the real estate bubble of 2008, at least once a decade people are getting hit hard and that makes them not want to save. When America was a pension society they saved a lot more. It’s not that saving is wrong but like bottled water it’s the package you wrap your savings in. Why put your savings in the stock market? Why tie your life insurance policy to the stock market? Why play hunches and trends?
We can save in solid tax advantaged , non market exposed products that state the return before we invest. We can use produces that have no exposure to the up and down of the market. We always move forward no matter what is happening on Wall Street. Three simple questions to ask are, Can I lose Money, What is the guaranteed return, and What is the tax consequence. The answer should be favorable for all three before you invest.
Grocery stores and investment firms are big shining beautiful places with options and products laid out all over the place. Knowing which to choose is a matter of a proper education that develops into a sound philosophy. If you haven’t invested in that education then you simply put yourself at risk every time you enter either of these institutions. If you need a place to start try reading a simple text written by author Tony Brayboy called The Big Payback, it’s a short instructional book that’s worth a million dollars .
Here is the link: http://readthebigpayback.com/3-matrix/
Wishing you Wealth, Wellness, and Wisdom
Manager of Wealth