Financial Strategy
There are a plethora of ways to attempt to gain economic advantage. On this page various forms of financial advice and financial entities will be offered
First I'll list black owned organizations that offer economic and financial services to Black U.S. Citizens
The first financial resources are black owned banks a list provided by investopedia is listed below, in addition any bank not listed "on this site" is due to detrimental and questionable history
Services
One United Bank
Private Owned Bank
Offers basic banking services
Services
City First Bank
1432 U St NW, Washington, DC 20009
Private Owned Bank
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Offers basic banking services
Services
First Independents Bank
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Private Owned Bank
7310 Woodward Ave #101,
Detroit, MI 48202
(313) 256-8400
Offers basic banking services & loans/ housing lender
Services
Carver Federal Savings Bank
142 Malcolm X Boulevard
New York, NY 10026
(718) 230-2900
Private Owned Bank
Offers basic banking services & loans/ housing lender
Services
Industrial Bank
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4812 GEORGIA AVENUE., N.W.
WASHINGTON, D.C. 20011
(202) 722-2000
Private Owned Bank
Offers basic banking services & loans/ housing lender & credit cards
Services
Brooklyn Cooperative Federal Credit Union
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1474 Myrtle Ave,
Brooklyn, NY 11237
(718) 418-8232
Private Owned Bank
Offers basic banking services & loans/ housing lender & credit cards
Services
Lower Eastside Peoples Federal Credit Union
37 Avenue B,
New York, NY 10009
(212) 529-8197
Private Owned Bank
Offers basic banking services
Services
Mechanics and Farmers Bank
2634 Durham-Chapel Boulevard Suite 101
Durham, North Carolina, 27707
(919) 687-7803
Private Owned Bank
Offers small business loans
Services
Urban Upbound Federal Credit Union
13-03b 40th Ave,
Long Island City, NY 11101
(718) 784-5050
Private Owned Bank
Offers basic banking services & loans
Services
Tioga Franklin Savings Bank
320 E Girard Ave Phila,
PA 19125
215-423-8012
Private Owned Bank
Offers basic banking services & business loans
Services
Hill District Credit Union
2021 Centre Ave,
Pittsburgh, PA 15219
(412) 281-0822
Private Owned Bank
Offers basic banking services & personal loans
Services
Liberty Savings Federal Credit Union
666 Newark Avenue
Jersey City, NJ 07306
(201) 659-3900
Private Owned Bank
Offers basic banking services & personal loans
Services
The Harbor Bank of Maryland
25 W. Fayette Street
Baltimore, Maryland 21201
(410) 528-1800
Private Owned Bank
Offers basic banking services & personal loans
Services
Virginia State University Federal Credit Union
3401 Boisseau St,
South Chesterfield, VA 23803
(804) 526-6708
Private Owned Bank
Offers basic banking services & personal loans
Services
Faith Community United Credit Union
3550 E 93rd St,
Cleveland, OH 44105
(216) 271-7111
Private Owned Bank
Offers basic banking services & personal loans
Services
Toledo Urban Federal Credit Union
1441 Dorr St,
Toledo, OH 43607
(419) 255-8876
Private Owned Bank
Offers basic banking services & personal loans
Services
Financial Health Federal Credit Union
777 Indiana Avenue,
Indianapolis, IN 46202
(419) 255-8876
Private Owned Bank
Offers basic banking services & personal loans
Services
Liberty Bank
Private Owned Bank
Offers basic banking services & personal loans
Services
GN Bank
Private Owned Bank
Private Banking Services
Services
South Side Community Federal Credit Union
Private Owned Bank
Offers basic banking services & personal loans
Services
St. Louis Community Credit Union
Private Owned Bank
Offers basic banking services & personal loans
Services
Hope Credit Union
4 Old River Place, Suite A
Jackson, MS 39202
1-866-321-HOPE (4673)
Private Owned Bank
Offers basic banking services & personal loans
Services
Greater Kinston Credit Union
Private Owned Bank
Offers small business loans
Services
Optus Bank
Private Owned Bank
Offers basic banking services personal & business banking
Services
Brookland Federal Credit Union
Private Owned Bank
Offers basic banking services online banking
Services
Florida A & M University Federal Credit Union
Private Owned Bank
Offers basic banking services online banking
Services
Carver State Bank
701 Martin Luther King Jr. Boulevard,
Savannah, GA 31401
(912) 447-4200
Private Owned Bank
Offers basic banking services online banking
Services
Unity National Bank
Private Owned Bank
Offers basic banking services online banking, business loans & personal loans
Services
Citizens Trust Bank
Private Owned Bank
Offers basic banking services online banking, personal loans, assets
Services
1st Choice Credit Union
Private Owned Bank
Offers basic banking services online banking, personal loans, auto loans
Services
Credit Union of Atlanta
Private Owned Bank
Offers basic banking services online banking, personal loans, auto loans & home equity loans
Services
Alamerica Bank
Private Owned Bank
Offers basic banking services online banking
Services
Columbia Savings & Loan Association
Private Owned Bank
Offers basic banking services online banking & loans
Services
Southern Teachers & Parents Federal Credit Union
Private Owned Bank
Offers basic banking services online banking & loans
Services
Southern Teachers & Parents Federal Credit Union
Private Owned Bank
Offers basic banking services online banking & loans
Black men you really should consider
"Life Insurance"
This next section will provide list of Black owned Life Insurance companies.
Focused on Community
Contact: info@focusedoncommunity.com
This is probably the most proactively recruiting life insurance company there is. It also has 18 hour support line if need be.
Booker T Washington Insurance
Contact: (205) 328-5454
This life insurance company has personal connections to the admirable Booker T. Washington which is pretty self explanatory in its name and why its a premier life insurance company
Williams-Progressive Life Insurance
Contact: (337) 948-8238
This insurance agency is based in Louisiana. However like most of these insurance companies they offer services across the country
Golden State Mutual Life Insurance Company
Contact: (510) 858-1921
Based in California this life insurance company has good reviews and is seen as an ideal company to do business with.
Atlanta Life Insurance Company
Contact: (888) 407-3209
This insurance agency is based out of Atlanta has medium reviews however its been around for over 100 years so it must not be the worse life insurance company in the world.
Did you Know you could be your own bank?
This next section will list different ways to grow and use your own equity as you would with a banking service
Open a Life Insurance Policy and use it as an asset and borrow against your life insurance that way it isn't taxable and if you invest with this money the investment is also non-taxable. This is often referred to as "Bank owned Life Insurance. This is achieved by an unstructured loan. You can borrow how ever much you want that is within your policy amount. You won't have to pay back this loan due to the fact that eventually you will die the life insurance company will get their money back by taking the difference owed minus your legacy (policy amount). This is a known strategy used by the rich.
Marriage and "Relational" Advise
Black Men you need to be intelligent with who choose to marry or sex with with. Whether you choose to actually marry a "westernized" female or you are a pass port carrying individual your future can be either saved or ruined depending on who you engage yourself with.
FIRST THINGS FIRST
In all honesty you should NOT BE GETTING MARRIED especially in the United States and especially not to a WESTERNIZED female you, have a passport for a reason. If you do it signifies LOW INTELLIGENCE on your behalf.
Pre-nup (Prenuptial Agreement)
What is a prenup? A prenup, or prenuptial agreement, is a contract between two people that's created before they get married. It typically lists each person's assets, debts, and outlines how they'll be handled should the couple divorce later on.
Why do I need it? I don't know whether you've been paying a attention lately but divorce is at an all time high. This is especially true for first time divorce with is at a 96% failure rate. If you're a high value man whether you be wealthy, rich or upper middle class if you marry someone without protecting your financial stability or assets (assets meaning house, cars or other property of value) and a divorce comes about, everything you worked for and own despite the fact that the other party may not have been present when you earned/acquired it is subject to liquidation in favor of that other party. And if you're wondering this includes money, personal property that may have been family heirlooms past down through your bloodlines for generations or property that you may hold near & dear to your heart to the simple fact of the challenging aspects of acquiring it and by the way this all occurs before alimony is potentially awarded. This is also true for economic status acquired from you working tirelessly to earn it and the court doesn't care about your trials, triumphs or failures if you need any clarification look at Tyrese Gibson's current ordeal. The fact of the matter is men are not safe in the western world and if things continue on their current trajectory violence and civil disorder will ensue and Martial Law will soon be your reality who will be enforcing it is a mystery. You can produce your own prenuptial agreement but I HIGHLY advise you consult a professional lawyer due to each state having its own individual laws regarding marriage and trust me when I say a lot of states are biased remember I work(ed) for the Family Law Court system in the state of California and I've seen the most backwards and downright illegal orders bestowed by the court, its all the more reason not to get married. If you're stupid enough to ask a female for her hand in marriage and she refuses to sign a prenup, be smart enough not to marry her.
Because of the complexity of marital law depending on the state that you're in I will NOT be providing the prenuptial agreement links that allow you to produce your own agreement. I'm telling you this from experience CONSULT A LAWYER!
NDA (Non-Disclosure Agreement)
What is a Non-Disclosure Agreement? A Non-Disclosure Agreement is a document that at least 2 party's sign that upholds secrecy by creating a confidential relationship between the parties who sign it. Essentially if you and a another person were to have unorthodox sexual intercourse from threesomes to even scat heaven forbid the other party can't speak about it, its strictly between those parties. Drake already does this with whatever female he allows near him and to enter the consulate, even R. Kelly used NDA's I won't go any further than it saved him for a long time. As a high value man you need to use NDA's on females you plan on "sexing" with to keep from being victimized as oppose to using them to victimize people.
What is a Confidentiality Agreement and why is it ideal over an NDA?
A confidentiality agreement is a signed document that binds all parties to keep secret information such as the sexual acts previously stated confidential by all means how ever NDAs are better suited for situations involving a one-way guarantee of classified information not being disclosed where as the confidentiality agreement is for all parties. Remember you're in it for yourself not everyone else.
Protect your financial assets
Black Men you need to be intelligent with your financial assets that you've earned over a large period of time. With the current state of affairs in the united states MEN are not protected. To be specific if you get a divorce from a female whether she initiated it or not, and even if she cheated on you the court will most likely penalize you for her degenerate actions. Life is not fair especially for men in this current day and age. However there is legal recourse that you can take to protect yourself.
This can be accomplished with prenuptial agreements as already stated however there is also another way to achieve financial security.
Another way to protect your retirement or 401K plan is by having (QDROS) QUALIFIED DOMESTIC RELATIONS ORDERS. This allows you to either completely deny your former spouse your retirement or if you do choose to give her some or half of your retirement fund it prevents you from paying taxes or penalty fees on it. However do take into consideration that not all retirement plans or retirement funds are legally covered or protected by QDROS.
Credit cards are NOT free money and you need to pay the balances immediately to grow your FICO score
Black Men in case you haven't figured it out yet you need to be intelligent with your finances and financial assets. In general people act like credit cards are a convenient source of money that they only have to pay back when they fell obligated. THAT COULDN'T BE FURTHER FROM THE TRUTH.
The harsh reality regarding credit cards and the potential benefits if properly utilized is listed below.
The Truth about Credit Card Use
Be financially healthy
Credit Cards are not a convenient source of money ascertainable to you for your leisure. Credit Cards are in actuality a convenient loan that you can utilize from either your bank or credit card company without having to go through the process of filling out a loan agreement every single time you utilize it. Your approval is your permission to use their funds and that 4 sided card in your wallet is nothing more than a materialized portable loan, that's the only convenience afforded to you. The fact that your credit card is a loan means that it still entails loan stipulations such as of course paying the money back and interest rates and just like with a regular loan failure to pay at a designated time will accrue late payment penalties and higher interest rates. Unlike normal loans however these interest rate accruals can accrue on top of itself constantly due to the creditor consistently reporting your outstanding balance to the two primary credit monitors as well as adding late fess on the already existing late fee accrual, essentially causing your credit card to balance to become unsubsidized compound interest. This can quickly place someone in $25,000 or more easily in debt because this loan is "credit" based its more detrimental to your fico score/credit score because its tied directly to your credit, hence the name "credit card". As bad as this can be detrimentally a credit card can be an asset not only in terms of money but in terms of credit. The proper way to utilize a credit care is simple: use the credit card for purchases that you can immediately cover or only for emergencies. Avoid using the credit cards for survival even during time periods of economic recessions or inflations. Credit card creditors report your balance and credit standings to the credit monitors every fifteen days, basically twice a month. By utilizing a credit card and paying off the balance within fifteen days of use this will leave the creditor no choice but to report "responsible" credit behavior to the credit monitors causing your score to simultaneously go up. Good credit scores makes it easier to obtain brand new cars, loans for mortgage and acceptance for an apartment.
You need to rethink what debt is
When the idea of debt is thought about what comes into mind are car payments, bank loans, mortagage credit cards & student loans. You're going to be enlightened to just what and who debt can be.
There is a unacknowledged reality regarding debt that will hit close to home in a very inconvenient and consequential way.
1. Females
Greg Adams said it best: Females produce debt and a lot if it. If they're not demanding money for providing you sex despite the fact you may be in a long term relationship with them or even married to them their life decisions and choices will often incur a hefty expense and she will be looking to you to bail her out or simply cover it. This is especially present in the case of marriage. Females complain that they don't want to submit to men in the marriage, what they're to ignorant to realize is that their husbands are submitting to them as well. For example if you marry a female and she has bad credit you will most likely incur her debt. How? In some places its state law where everything you have she inherits and vice versa unless you have a prenuptial agreement (all the more reason to get one). However don't be surprised if she took the liberty of telling the debtor to add you as part of her "baggage" as well. This is a very common nightmare than many married men have had to endure. All the more reason not to get married they're more trouble than they're worth.
DEBT
2. Your precious baby
UNFORTUNATELY
THIS TOO IS DEBT
Greg Adams also brought about the fact that even your precious babies are a debt one that'll cost $320,000 within an 18 year time period although the average child is going to be in the home well past that age. Children cost a lot of money and to place parenthood into perspective legally according to the U.S. Government you literally have another person's life in your hands for 18 years obligatorily. Now that your perspective has been changed in regards to children you now need to take into consideration who you choose to have children with because poor decisions can lead to compounding debt with a child and worse of all being stuck with an unwanted female. So with this being addressed, you need to prove who you engage with sexually as relationship material and choose WISELY.
Get a "Will"
Black Men you're not alone in this most people don't have "will's". What is a will for those of you who don't know? A "will" or death will is a legally honorable document that you sign and endorse the purpose of which is to state your delegation of economic resources, assets and property to different parties such as children, a wife, extended family and other persons. Dying without a death will would most likely result in your delegations not being enforced and the delegates possibly having to fight in court with each other and your estate for years. The main reason for a will has already been stated, to delegate your assets to whomever you see fit and you definitely should not wait until you're older because life is not promised to anyone. You may very well walk out your house and be involved in a fatal accident and now your estate and possessions no matter how much or how little they may be are now in legal limbo. GET A WILL.
It is important to take into consideration that a death will may not entirely solve all legality dilemma's that may come about from your death however it is possible that it might especially in regards to wording and the elimination of "gray zone".