Click to watch Dr. Watkins’ episodes.
Wednesday, September 29, 2010
Wednesday, September 15, 2010
Black Scholars Watkins and Metzler on CNBC – 9/15/10
Black Scholars Dr. Boyce Watkins and Dr. Christopher Metzler Discuss "Keeping The Bush Tax Cuts" on CNBC
Friday, September 10, 2010
Black Relationships 101: What’s Up With Black Couples?
by Dr. Boyce Watkins, Syracuse University – Scholarship in Action
I have a theory that I've wondered would hold up to empirical scrutiny. My theory is that there are quite a few women who might be willing to settle for part of a good man rather than having 100% of a mediocre man. For example, men like Tiger Woods might have more girlfriends than most of us can count, and some would wonder if any of those women expect him to be committed to just one person. Not to say that I condone one lifestyle over another, but we all know how things go down in the real world.
Monday, September 6, 2010
African American Unemployment Rises 700% More Than White
by Dr. Boyce Watkins, Syracuse University – Scholarship in Action
This weekend, I was on the radio with Rev. Jesse Jackson. He'd just completed a march in Detroit, for jobs, peace and justice, only to find that his SUV was stolen upon arrival. But when I asked him if he was OK, his response was quite telling of the leader that he is: He simply said that the car doesn't matter at all when there are so many people suffering across America.
Well, the nation-wide suffering for African Americans has just intensified with the recent unemployment data delivered by the Bureau of Labor Statistics. It's most recent report showed that while white unemployment only went up from 8.6 percent to 8.7 percent, black unemployment went up from 15.6 percent to 16.3 percent. This increase of seven percent is at a rate that is 700 percent of the increase of white Americans.
Saturday, September 4, 2010
Kodak Pays $21 M for discrimination
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Kodak Set to Pay $21.4 Million in Racial Discrimination Lawsuit
6:40 PMSep 4
Source: BV on Money
I'm not sure if the company's executives would consider this to be a Kodak moment, but it's certainly a moment in racial history. Kodak, the large film company based out of Rochester, New York, just had a racial discrimination suit settled for the ... Read More
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Regina King to the Emmys: Racist as Ever
6:00 AMSep 4
Source: Blackvoices Main
From The Huffington Post: Since the Emmy ceremony, I have been going back and forth about whether or not I should compose this letter. I try hard in my daily life not to engage in uncomfortable situations regarding race. But sometimes it's very ... Read More
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Tom Joyner Helps HBCUs to Start Online Programs
12:35 AMSep 4
Source: BV on Money
Radio show host Tom Joyner has decided to start making investments in the educational arena. Joyner has announced that he will help found a company designed to support Historically Black Colleges and Universities (HBCUs) in their quest to create ... Read More
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Sean Bell's Fiancee May Run for City Council
8:26 PMSep 3
Source: BV Black Spin
Nicole Paultre-Bell, the young woman who lost her unarmed, would-be husband Sean Bell on the day before their nuptials nearly four years ago in an out-of-control hail of police bullets, is mulling over possibly running for the position of Queens City ... Read More
Wednesday, September 1, 2010
When You Die, Who’s Responsible For Your Debts?
by Dr. Boyce Watkins, Syracuse University
You are going to live forever. Death is beneath you. Those who depend on you financially will always be able to rely on your immortality as a guaranteed source of financial security. I hope you don’t think I’m lying, being sarcastic or sounding flat out silly. Perhaps you do.
Ok yes, I was being silly. But the reality is that most of us are equally ridiculous when it comes to our perception of death and how our sudden passing could financially ruin those who care about us. Death doesn’t care how many appointments you have, how many projects you’re working on, or how many plans you have for the future. It just takes you, and it’s always at the least convenient time. That’s the nature of the Grim Reaper, who might not be nearly as malicious as the bill collectors seeking to get their money back after you’re gone.
While comprehensive financial planning is beyond the scope of this article, I can share a few tips on dealing with debt in the event of your death. This information could help you when dealing with a deceased relative, and it should also be shared with your relatives in case you pass on unexpectedly.
Dr. Boyce Watkins: How to Teach Your Kids About Money
by Dr. Boyce Watkins, Syracuse University
Given that our children are likely our greatest expense and greatest love, perhaps it might be helpful to discuss how we teach them about money. If you raise your kids to be financially responsible, they can be assets to you during retirement. If they are taught about money in the wrong way, they become horrible economic liabilities that leave you riddled with guilt. So, although I don’t claim to know everything about child rearing, I thought I’d share some guidelines you might want to consider when it comes to teaching your kids about money.
Sunday, August 29, 2010
Bad Financial Decisions of Fantasia
by Dr. Boyce Watkins, Syracuse University, Scholarship in Action
One of the most magnificent voices in all of music is owned by Fantasia Barrino, the singer out of North Carolina. Most of us know that Fantasia attempted suicide recently. Of course the suicide attempt led to instant national media attention, and she was all over the news telling her story. Her management team, understanding the value the incident could have for her brand, pushed out the Vh-1 special before you could say the words "publicity stunt."
Now, I'm not here to say that I know what happened to Fantasia or whether the suicide attempt was genuine. But one thing that remains fundamentally true is that she'd been highly upset over the decline of her career. Also, we know that the television specials and additional PR from the incident have put Fantasia in the limelight in a way that far exceeds what she had access to last month. The final thing we know is that Fantasia is working furiously in the studio to get an album out in order to profit from the re-establishment of her celebrity status. Unfortunately, her team may be looking to replicate the experience of Jennifer Hudson after her difficult experience last year.
Sunday, June 13, 2010
Diddy's Son Gets a $350,000 Car - Is that too much?
Some think it's too much that Diddy's son got a $350,000 car for his 16th birthday - do you agree?
Monday, June 7, 2010
Thursday, May 27, 2010
Monday, May 24, 2010
LeBron James' Mother and Her Son's Teammate: Overkill?
Is it right for LeBron James to be so distracted by the rumor that his mother is sleeping with his teammate?
Saturday, April 24, 2010
Boyce Watkins on ABC News - Love and Money Questions to ask Your Partner
by Dr. Boyce Watkins, Finance Professor - Syracuse University
As a Finance Professor, I find it incredibly ironic that many people get married without talking about money. They talk about every kind of compatibility from emotional, to spiritual, sexual, and professional, but they seldom take the time necessary to ensure that they can tolerate the idea of sharing their financial life with a person who may not be on the same page. This problem is compounded in black relationships, where many women describe economic hurdles as one of the reasons that black women have trouble finding the right mate.
Monday, April 19, 2010
Sunday, April 18, 2010
Dr. Boyce Watkins on ABC News: Love, Money and Divorce
Watch Dr Boyce Watkins, Finance Professor at Syracuse University on ABC News discussing money and divorce - how to do it the right way.
Friday, April 9, 2010
Thursday, March 4, 2010
Dr. Boyce on Money: Checking Your Financial Security
by Dr Boyce Watkins, Syracuse University, Your Black World
I'd like to ask you a quick question that I ask my students here at Syracuse University. It is also a question I had to honestly ask myself when I thought I was on top of the world after spending 12 years going through college and graduate school to earn a PhD in Finance (which was unbelievably difficult). The question is this: Do you have financial security? If you don't have financial security, do you at least have job security? If you believe your job is secure, then how many jobs do you have?
If you are like most Americans, you probably have just one job. I am not here to tell you that this is wrong. But, I am here to tell you that you might want to rethink what it means to be economically secure.
At worst, economic security is not provided by just having a high income. In fact, in some ways, having a high income can make you less secure, since you are more likely to have higher monthly expenses. To some extent, having a high income from just one job can fool you into believing that you are financially secure, when the truth is that you might be one paycheck away from economic disaster.
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Brought to you by The Great Black Speakers Bureau, the top black speakers bureau in the world and Your Black World where you can get black news and black social commentary from Dr. Boyce Watkins and other leading black scholars.
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Tuesday, February 16, 2010
The Economic Policy Institute – 2/16/10
12/07/09
American Indians and the Great Recession—Economic Disparities Growing Larger
Issue Brief
11/12/09
Getting Good Jobs to People of Color
Briefing Paper
07/21/09
Unequal unemployment—Racial disparities in unemployment vary widely by state
Issue Brief
03/09/09
Stuck in Neutral: Economic Gains Stall Out for Asian Americans and Pacific Islanders in 2000s
Briefing Paper
10/31/08
Hispanics and the economy: Economic stagnation for Hispanic American workers, throughout the 2000s
Briefing Paper
09/18/08
Reversal of fortune: Economic gains of 1990s overturned for African Americans from 2000-07
Briefing Paper
01/18/08
What a recession means for black America
Issue Brief
Web-only Content
Date
Title
Type
12/16/09
A bleak future for black children
Analysis & Opinion
12/09/09
High unemployment: A fact of life for American Indians
Economic Snapshots
11/12/09
Reversing the Decline in Good Jobs [event]
Other
11/10/09
Jobs creation effort needs to focus on good jobs
Economic Snapshots
09/18/09
Three lessons about black poverty
Analysis & Opinion
07/08/09
African Americans see weekly wage decline
Economic Snapshots
04/22/09
Among college-educated, African Americans hardest hit by unemployment
Economic Snapshots
09/05/08
Jobs Picture, September 5, 2008 - Special Issue
Economic Indicators
08/04/08
Understanding the black jobs crisis
Viewpoints
06/10/08
Subprime mortgages are nearly double for Hispanics and African Americans
Wednesday, February 3, 2010
News: Homeowners Walking Away from Mortgages
updated 12:25 a.m. ET, Wed., Feb. 3, 2010
In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040.
“People like me are beginning to feel like suckers,” Mr. Koellmann said. “Why not let it go in default and rent a better place for less?”
After three years of plunging real estate values, after the bailouts of the bankers and the revival of their million-dollar bonuses, after the Obama administration’s loan modification plan raised the expectations of many but satisfied only a few, a large group of distressed homeowners is wondering the same thing.
Friday, January 29, 2010
Wednesday, January 20, 2010
Study Finds Financial Benefits to Marriage
Historically, marriage was the surest route to financial security for women. Nowadays it's men who are increasingly getting the biggest economic boost from tying the knot, according to a new analysis of census data.
The changes, summarized in a Pew Research Center report being released Tuesday, reflect the proliferation of working wives over the past 40 years — a period in which American women outpaced men in both education and earningsgrowth. A larger share of today's men, compared with their 1970 counterparts, are married to women whose education and income exceed their own, and a larger share of women are married to men with less education and income.
"From an economic perspective, these trends have contributed to a gender role reversal in the gains from marriage," wrote the report's authors, Richard Fry and D'Vera Cohn.
Saturday, January 9, 2010
Financial News: Jobs Come and then Go
NEW YORK (CNNMoney.com) -- Employers once again slashed a substantial number jobs off their payrolls in December, according to adisappointing report from the government Friday. But there was a small glimmer of hope as well.
The payroll number for November was revised to a net gain of 4,000 jobs. That's the first increase in jobs in nearly two years. The government had previously indicated that 11,000 jobs were lost in November.
Click to read.Friday, January 8, 2010
Why Black Women Are Not Getting Married
Dr. Boyce Watkins and S. Tia Brown discuss some of the reasons that Black women are deciding not to get married.
Why Black Women Are Not Getting Married
Dr. Boyce Watkins and S. Tia Brown discuss some of the reasons that Black women are deciding not to get married.
Thursday, January 7, 2010
Dr. Towanna Freeman: How do you find a way to be happy?
| The following is an excerpt from the book, “The Millionaire Mentor” by Towanna Freeman (click her name to buy the book) Happiness is a Choice You Make |
| If you are not a happy person that is a choice you are making. You have full control over your life and the decisions that you make. There are many factors which people measure happiness. Some people think money is happiness however they may absolutely miserable with what they do on a daily basis to make their money. |
| You might look at people who have absolutely everything and you strive to be like them. These things may be wealth, possessions, status, or even the position you hold at work. These things don’t create happiness. Happiness is a choice. |
| There are many people who have wealth and a high status who are completely miserable. They may be lonely, divorced and more. Happiness comes from within. These people may be working jobs they absolutely hate but just have a knack for making money. |
| Happiness is Subjective |
| There are things in life that can make you happy that are subjective. They are subjective because happiness comes differently for everyone. |
| You might find joy and happiness seeking thrills through rides like roller coasters and bungee jumping. This thrill may be more than torture for someone with a fear of heights who would never step foot on a roller coaster or ever be brave enough to jump from a bridge suspended by a bungee cord. |
| Everyone seeks happiness in their own way. What makes you happy is a natural high that you deserve to seek. There is nothing wrong with the things that you find joy in. You may be told you are crazy but that is because of the subjectivity. |
Monday, December 21, 2009
Dr. Boyce Money – The Latest – 12/21/09
Dr. Boyce Money
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How a Happy Meal Can Cost You Half a Million Dollars
Many of us don't spend much time thinking about retirement planning. We figure that it's something ...
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Sinbad: Comedian Files for Bankruptcy After Going Broke
It turns out that Sinbad is broke. The comedian declared bankruptcy on December 11th of this year, ...
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Man Gambles Away $127 Million Dollars - Dr. Boyce Money
Terrance Watanabe has a serious problem. The 52-year old man went into Harrah's casino, got drunk ...
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Gatorade Drops Tiger Woods Drink: Dr. Boyce Money
Gatorade has dropped Tiger Woods, well, at least they dropped his drink. The new Gatorade drink, ...
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Prosperity Gospel and the Black Church: Legitimate or Not?
Nearly every African American knows just how important the black church is to our community. We ...
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Inner City Schools: Funding Should be Equal Across the Board
The following is an excerpt from the book, "Black American Money." I saw some random "expert" on a ...
Thursday, December 3, 2009
Sunday, November 29, 2009
Why Are Black People Not Getting Married?
Are the men or the women to blame for the reason that black people are not getting married?
Dr. Boyce: How Does Prosperity Gospel Work Anyway?
by Dr. Boyce Watkins, Syracuse University
Nearly every African American knows just how important the black church is to our community. We also know about "prosperity gospel," the act of preaching about God within the context of wealth building. I admit that this form of faith is a bit odd to me. I am a Finance Professor and I become confused when my pastor talks about money more than I do. The saddest truth is that it's hard to tell the difference between a pastor and a pimp: Most pastors aren't pimps, but any pimp could be a pastor. The same skill set is required in both professions.
My father is a preacher, but he almost never preaches about money. I've never heard him asking for money on the pulpit, or mentioning that giving money to him is one of the keys to gaining access to heaven. But I don't presume that my father is right about all things, and given that I write about money on a regular basis, I have gained an appreciation for what financial resources can do to enhance your life. Also, one must be aware of the pragmatic realities of running a church: You have the building fund, bills to pay every month and any community service initiatives that the church chooses to pursue. The proper use of money can certainly enhance your ability to do God's work.
Friday, November 20, 2009
Keeping the Cost of Your Funeral Low
by Dr. Boyce Watkins, Syracuse University
Funerals are never fun. They are emotionally draining and you are forced to endure the shock of knowing that your loved one will never be back in your life. In addition to the emotional devastation, you have to deal with the financial burdens of paying for someone to be buried. We all know that funerals are not free or cheap, and the last place you want to be cheap is when it comes to burying the person you love.
But there are ways you can keep the cost down. They say you can't take the money with you, but someone who doesn't plan for their death may be taking their relatives' money with them to the grave. Here are some ways that you can bury on a budget: giving relatives dignity without creating financial hardship.
There is a funeral cost calculator on FuneralswithLove.com that helps you to figure out how much your funeral might cost and whether or not you're going to be able to pay for it. Effectively, the cost estimator first determines your total resources from prepaid expenses, personal savings/investments, and death benefits. Once you know what is available to you, you have to determine how much you want to spend. Some of us want to go out in style and some of us figure that since we're dead, our relatives should be the ones having all the fun.
Friday, November 6, 2009
Tuesday, October 27, 2009
Mother, Wife and Businesswomen: How do you Balance?
In this episode of Financial Lovemaking, Dr. Boyce and Tia talk with Towanna Freeman, an author, speaker, wife and mother on how to balance love, life, and success.
Thursday, October 22, 2009
Black Entrepreneurship: Towanna Freeman Talks about Being an Entrepreneur
by Dr. Boyce Watkins, AOL Black Voices
An entrepreneur doesn't think like everyone else. She is willing to take chances, disciplined enough to focus on a dream and passionate enough to pursue that dream. Towanna Freeman is in that category. AOL Black Voices had the chance to catch up with Towanna, to get some advice on striking out on your own, as well as managing a marriage, children and career, all at the same time.
1) What is your name and what do you do?
Have you noticed how so many people seem to be living an unbalanced life or living beneath their full potential? Well, I assist people, particularly women, who are ready to take life changing action to get that sense of balance back along with that greater feeling of fulfillment and happiness. I am also the principal consultant of Towanna Freeman & Associates, a management consulting firm with the primary emphasis on leadership coaching and employee performance improvement; the founder of the Young Women's Empowerment Network a nonprofit organization that produces empowerment workshops, conferences, and other special events for teen girls; and the author of "Purposeful Action, 7 Steps to Fulfillment."
Wednesday, October 21, 2009
Financial Lovemaking: Shooting Your Daughter's boyfriend
We all want to protect our kids, but does it make sense that Wade Edwards shot his daughter's boyfriend?
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