Men Earn More Than $400,000 More Than Women

After all the talk about the gender pay gap, the gender net worth gap, I wasn’t really surprised to read something else about how many fewer dollars women earn than men, but seeing the number attached to the image to the left gave me pause. Could it be true? Over a lifetime, on average, men will earn $431,360 more than women due to the gender pay gap.

Part of me wants to mention all the numbers again, wants  to point out why financial education is so important, and wants to help give you the tools to do something different …. but …. I can’t. We all know why these things are important. We all know that we need to make good choices. We all know ….. *sigh*

Here’s yet another infographic that explains why we need to be aware our value, stand in our power, negotiate hard, and make the most the money we bring home.

View more infographics at UpWorthy.com.

Allensworth Juneteenth Celebration

Col. Allensworth created the town of Allensworth, CA. It was a town founded in 1908, with the idea that African Americans could own property, learn, thrive, and live the American Dream. Every year they have several events to celebrate and commemorate this town.

Saturday, June 9th from 10am to 4pm Shay Olivarria of Bigger Than Your Block will attending the Allensworth celebration of Juneteenth in Allensworth, CA. She’s pleased to be presenting a lecture on financial education among Blacks.  The town was founded by Col. Allensworth because he believed that Blacks needed to be financially independent. He envisioned a town with it’s own school, businesses, and a college. The water turned brackish and people left, but the park has been turned into a state park.

Click the photo to visit the park’s page.

Of course it’s a celebration of enslaved Africans finally being made aware that freedom had come, but it’s also a celebration of our survival. As we remember how far we’ve come, it’s important to plan for the future. Working towards owning businesses, increasing our networth, and passing on our wealth to our children has got to become paramount.

The day will include entertainment for all, food, and of course some great speakers. Shay Olivarria will sell copies of her three books on site or buy them beforehand and have her sign them at the event. Either way, come on out and help celebrate the beauty of Black folks in America June 9th in Allensworth, Ca.

Book Shay Olivarria to speak at your event.

Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, and The Credit Union Times, among others. To schedule Shay to speak at your event visit www.BiggerThanYourBlock.com.

Wonderful people

This doesn't really have to do with anything, but I liked the title of the album. It fits, no?

 

I met some great students today. Great students. I won’t share their names because I didn’t ask, but today I met:

An architect

A poet

A writer

An investor

 

I know that they are just beginning their journeys, but I’m loving their energy and I want to publicly proclaim that they are amazing!

I don’t usually post things written by other people, but I met this guy today and I couldn’t not share is genius. Since he’s a published writer I don’t feel bad about sharing his name. Please take a look at the articles Anthony Turner has written and share them with a friend.

Trayvon Martin, Unarmed and Innocent on the NYTimes blog

As a young black male myself, I sometimes get the sense that other people judge me on my appearance. The fact that I’m a black kid in a hoodie is a mark against me (even though I don’t do anything “suspicious” at all). At times I feel self-conscious, wondering if people on the subway or street automatically wonder: “Is he a troublemaker? Should I hold onto my phone tighter?” It makes me feel bad to think that these kinds of thoughts surface in people’s heads when they see a black person.

 

Foster Teen: ‘I Needed Emotional  Support, Not Medication” on The Huffington Post

My caseworker came to my foster mom’s house and told me that he would take me to KFC and then to a “nice place to get help.” I thought, “OK, that sounds cool. I get my favorite food and I go to a center to feel better.”

The next stop we made was a psychiatric hospital for kids. We went through door after door, and it dawned on me that every door had a lock. Once the door shut you couldn’t open it. The doors locked you in. They intended to keep me here. That realization gave me a panic attack. I started running and the security tackled me. I was forcibly dragged in.

 

Huffington Post – “Foster Teen: I Was  Put In A  Psych Ward. I Wasn’t Crazy” was picked up on the Citizen’s Commission on Human Rights International website

I felt forced into signing a bunch of papers. I didn’t realize I was signing consent to take medication.

The first things they prescribed were Depakote and Risperdal. I didn’t get a say in what I wanted, and that made me feel powerless.

At the hospital, staff joked about it in a perverse way. “Hey kids, come and get your happy pills!” “Come right up for your Skittles, it makes the world a better place!” I was disgusted that the staff were making light of my situation. I wondered how they’d feel if they were forced to take pills in a lockdown facility.

Kids are awesome and I’m soooo looking forward to seeing all the good things they do in the  world!

 

PEACE,

Shay

 

Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, and The Credit Union Times, among others. To schedule Shay to speak at your event visit www.BiggerThanYourBlock.com.

ACS Financial Education Event

 

Shay Olivarria was the keynote at the ACS Financial Education event in New York City April 11, 2011. The event was held at The Children’s Place on 1st Ave and 28th. Everyone had a great time! There were some great vendors at the event:

CheckSpring (community) Bank – They are a local community bank that’s mission is to provide financial services to the local community. They have branches in Brooklyn, Manhattan, and the Bronx.

Department of Consumer Affairs – They have loads of good things going on, but the thing that really stood out was the Safe Start Program. If you can’t open an account at a financial institution because you’re on ChexSystems you might be able through this program. Through the Save USA Program you may also be able to earn $500  for letting your tax  return grow in an approved financial institution.

Henkels & McCoy – They provide job services to 17 to 21 year olds that are not enrolled in school.

IRS – Darrell Weinberg talked about free  services in the city. Did you know you could get your taxes done for free.

SBA – They were on hand to answer any questions about starting a small business. Check them out if you’ve ever considered starting a business.

Candi Sparks was also there. She wrote a book called Can I Have Some Money? (Volume 3) Max Gets It! Pick up your copy for $10 on Amazon.com.

 

Need a speaker for your next financial education event? Book Shay Olivarria! Visit www.BiggerThanYourBlock.com to watch videos, read testimonials, and buy copies of 10 Things  College Students Need to Know About Money, Money Matters: The Get It Done in 1 Minute Workbook, and All My Mistakes.

Free Library of Philadelphia

Shay Olivarria with staff from the Free Library of Philadelphia.

Thursday, April 5, 2012 Shay Olivarria was pleased to present financial education workshop “Creating a Foundation for Wealth” based on her book 10 Things College Students Need to Know About Money to student-workers at the Free Library of Philadelphia. Wow! The students were so much fun! We weren’t able to film because the students were minors, but there are some comments from the evaluation to give you an idea of how the workshop went.

What was the most important thing you learned today?

“Stop being idiot and save some cash!”

“Savings and a bright, ready mind can get you ANYWHERE!”

“How to think critically about money”

“The difference between a bank and a credit union”

“Invest in retirement and have an emergency fund”

“”I learned about small opportunities that make a big difference”

“The most important thing I learned today was how I can start saving now, to benefit my future”

“Avoid fees was the most important thing I learned. The fees can add up and put you in a hole”

“You can buy stock at any age”

“I leaned about saving money and shopping smart”

Book Shay to speak at your event today.

Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, and The Credit Union Times, among others. To schedule Shay to speak at your event visit www.BiggerThanYourBlock.com.

Why Gas is So High

It costs the Saudis less than $2 a barrel to produce oil, but it costs Americans more than $100 per barrel to buy it. Why?

I have no way to prove that this is right or wrong, but with gas prices causing so much trouble for so many American families, I wanted to make sure that the information/perspective was getting as much press as possible.

NPR asked Adam Davidson to write an article explaining why he believes gas costs so much. Read the whole piece here.

Like it or not, the bill for keeping the Persian Gulf monarchies in power is now being footed by every American. Every time we fuel our car we send an extra 35 cents per gallon, or roughly $6 per fill up, to the Save the King Foundation. Since oil goes into everything we buy from food to plastics, this adds about $1,500 annually to the expenditures of the average American family.

 

Thoughts?

Colleges Withholding Transcripts

The Nation just did an article on colleges withholding transcripts from graduates that are in default with their student loans. Re-read that last sentence. You take out loans to pay for your college education banking on the hope that a person with a college degree will have a better chance of getting a decent paying job and firmly settling into middle-class-hood. Then you graduate and you start looking for a job. The loan folks give you six months to find a job before they start requiring repayment.

The Problem

Imagine you’ve graduated, find a low-paying job, move back in with your parents, and start working. You can’t put gas in your car, give a few dollars to your parents for bills, and pay your student loan. You’re trudging along and then one day to see a job posting for the job of your dreams! You’re a perfect fit and it’ll pay you enough to repay your student loans and maybe move out to a small roommate situation. The company requires a copy of your transcripts so you call your alma mater only to find out that you can’t get a copy of them because you’re in default on your student loans. This could become a huge problem.

Documentaries such as Default: The Student Loan Documentary are showing the problems that students are facing repaying student loans.

Debt bomb?

Yahoo! explains the problem perfectly:

A year ago, the Institute for Higher Education Policy published a study tracking the dismayingly high delinquency and default rates of the class of 2005. But as the sum of outstanding student loans has climbed towards the $1 trillion mark, passing total credit card debt along the way, the fact that America’s students are essentially putting themselves into hock for an education has more than a few people panicking. As William Brewer, head of the National Association of Consumer Bankruptcy Attorneys, told the WaPo, “This could very well be the next debt bomb for the U.S. economy.”

Suggestions

I have no answers other than the traditionally held:

#1 Attend a community college to complete your lower division classes.

#2 Choose a college with good return on investment (ROI).

#3 Get as many grants and scholarships as you can.

#4 If you have to take out loans, only take what you need. You can deny portions of your loan package.

#5 Start paying the loan off while you’re in school. Interest is a beast.

What suggestions do you have for dealing with paying for college?

Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, and The Credit Union Times, among others. To schedule Shay to speak at your event visit www.BiggerThanYourBlock.com.