Finance
Finance
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Starter Tips for Building Your Own Financial Legacy
Small steps pave the way to achieving bigger goals.
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Is Credit Racist?
A recent investigation into the mortgage loan industry exposed the well-known systemic inequality embedded in America’s credit reporting system.
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Maurice Jones-Drew, NFL Player's Association Partner With Goalsetter to Surprise Over 250 Students With Savings Accounts
In our quest to break generational curses, more and more Black folks are going to therapy and embracing financial literacy. I personally have made both a priority during the pandemic—I’m happy to report that my credit score no longer resembles my shoe size—and Black-owned finance app Goalsetter has positioned itself as an excellent resource to…
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![Turns Out, Kanye Is Not the Richest Black Man in America [Corrected]](https://www.theroot.kinjastaging.com/wp-content/uploads/2025/04/bkbxiegeshdrerevutpf-300x168.jpg)
Turns Out, Kanye Is Not the Richest Black Man in America [Corrected]
Correction: 3/18/2021, 12:15 p.m. ET: *record scratch* Laaaaaa, la, la, laaaa wait ‘til we (and a bunch of other media) get our wealth valuations wrong. Kanye West is actually not the richest Black man in the U.S. On Thursday morning, a whole Kanye-kerfuffle erupted including a now-retracted Forbes article stating that the rapper-entrepreneur-former-presidential-candidate had become…
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Russell Westbrook Helps Varo Bank Secure $63 Million Investment, Will Address Financial Inequality as Advisor
I will never in life seek his counsel on fashion choices, but when it comes to money moves, Russell Westbrook is no joke. On Thursday, Varo Bank, America’s first all-digital nationally chartered bank, announced that the nine-time NBA All-Star has come on board as both an investor and advisor. In this capacity, he’ll have direct…
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OneUnited Bank Creates OneTransaction Campaign to Help Black Americans Close the Racial Wealth Gap
You’ve likely heard of the racial wealth gap, and you may have already seen its impact on your own family’s ability to accrue generational wealth. It’s the phenomenon of the average white family having about 10 times the net worth of the typical Black family in America. That gap has persisted due to disparities in how…
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Chris Paul, Goalsetter Have Big Plans to 'Draft' One Million Black and Brown Kids Into a Path of Financial Freedom
When sports heads hear the term “drafted,” we typically think of the moment when amateur athletes transition from making their coaches and colleges millions of dollars to when they can finally see that kind of money themselves. But as part of its Black History Month initiative, Black-owned finance app Goalsetter is focusing on an entirely…
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10-Year-Old Wins Big on GameStop Shares His Mother Got Him for Kwanzaa
Here’s a heartwarming story that’s come out of the drama between hedge funds and retail traders (many of them from Reddit) who drove GameStop shares up in the stock market this week. The rise and fall and rise again of the stock price for GameStop (or GME) over the past couple of days sent everyone…
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Why Your Education and Job Could Mean You’re Paying Too Much for Car Insurance
Editor’s Note: This story was produced by Consumer Reports, an independent, nonprofit member organization that works to create a fair and just marketplace. Sign up for CR’s free newsletters. Cuqui Rivera bought car insurance from Liberty Mutual for nearly a decade before she started shopping around for a cheaper policy in December. She hadn’t planned…
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Robert Smith, Billionaire Who Promised to Pay Off Morehouse Student Loans, Committed Tax Fraud
Remember last year when billionaire Robert Smith told students graduating from Morehouse College he was going to pay their student loans? Remember how good that felt to see? Well, you might want to hold on to that feeling because it turns out dude committed tax fraud. According to the Hill, Smith admitted to participating in…