Carmelo Anthony Founds M7 Tech Partners


Carmelo Anthony has decided to co-found a company, M7 Tech Partners, that will invest in technology start-ups. The NY Times says:

The idea that turned Carmelo Anthony into a venture capitalist came to him during practice with the Knicks last season.

The basketball star became interested in the sophisticated sensors that players had recently started wearing to track their performance …

The average basketball player has a career of five seasons. After playing many athletes have little money and no skill set other than playing basketball. I’m glad to see that Carmelo Anthony is building a financial foundation to make sure that he and his family will be financially secure after retirement from basketball.

Bloomberg reports that Anthony said:

“We are actively looking for ventures with strong leaders creating breakthrough products that resonate with consumers,” he said. “I particularly have my eye on companies that are involved with wearable technology and connected devices – these will be huge areas for the future.”

Investing in tech start-ups is a tough field, so I’ll be keeping a close eye on M7 Tech Partners. I wonder if M7 will actively pursue Black and/or Latino tech start-ups?


Financial Institutions Owned by People of Color


Did you know that there are 28 financial institutions owned by Black people? How about that there are 33 owned by Latinos? 86 owned by Asians and 19 owned by Native Americans? If you want to use your funds to grow your community then using a financial institution owned by communities of color might be right up your alley.

Check out the whole list here.

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,, and The Credit Union Times, among others. To schedule Shay to speak at your event visit

Passport Day 2012

Shay visited Tokyo, Hiroshima, Kyoto, and Osaka in 2011.

Why is there a photo of Shay standing in a train station in Tokyo? Saturday, March 10th is Passport Day! The company is named “Bigger Than Your Block” for a reason. We believe that travel is an integral part of education. We’re encouraging everyone to go get your passport tomorrow (even if you don’t know where you’d like to go or if you don’t have the money to pay for it) because taking that first step will start changing your mindset.

Officially, Passport Day is “On Saturday, March 10 only, apply for your U.S. passport at a Regional Passport Agency without an appointment. You will be able to apply for standard processing (4-6 weeks) or pay an additional $60 for expedited processing (2-3 weeks, door-to-door).”

Necessites un Passport de America?

Applying to a  get a passport is SUPER easy. You just bring your birth certificate, two regulation sized photos (get ’em at AAA for about $10), a photo ID and pay your fee. Beware: the office is going to take your birth certificate (they will mail it back to you with your passport). The whole thing will last about 5 minutes and you’ll end up with the ability to travel the world!

U.S. Dept. of State website:

First-time applicants


Minors (under 16)

Shay at the Eiffel Tower in Paris, France in 2006.

Now, Americans can get a passport (for the WORLD!) and a card to travel to Canada and Mexico for about $25. When I was a kid, I started a file with all the the places I wanted to visit. It took me a while to get started (I was 27) but I’ve managed to visit 9 counties on 3 continents. I wish I would have known it was this easy a loooong time ago.

Read more about it at:
I’m Black & I Travel
Los Angeles Times


Happy travels!



Your Job is NOT Your Wealth

New article from the Money Matters series on

I’ve run across many people that seem to think that having a job is the best way to create financial stability. I’m aware that it’s a common idea, but it always floors me when I hear it. Owning a business and having passive income are much better ways to create financial stability for you, your family, and your community.

Let’s look at the idea that your job is a stable source of income. Ha! Your job is not as stable as you might think. We all know people that have been laid off for no reason other than it was best for the company’s bottom line. You will be hired or fired based on the needs of the company. Your employment, from the business’ perspective, has nothing to do with your needs.

What about the idea that having a job brings in “good” money? A job provides x amount of money for y amount of time. Usually you’re trading your time for a specific amount of money without understanding the affect our specific work has on the company’s overall bottom line. Businesses are in business to make money, so it makes sense that whatever amount you are being paid is obviously much less than that work is actually valued at.

A job is a critical piece for most people, but not because of the reasons that most people think. A job provides

…. click here to read the whole article.

Click here to check out all the articles from Shay on

Mavs teach money lessons

As we all know, the Dallas Mavericks beat out the Miami Heat to become the 2011 NBA Champions. Most people had their money on the Heat winning due to the hype about the “Big 3”, the perceived skill of the team members, and the age of the players on the Maverics. The only thing that was not taken into account was who wanted it more.

Never give up

There was a lot of focus on LeBron getting a ring, but no one took the time to consider that if the Dallas Mavericks won it would be the first Championship ring for Jason Kidd and Dirk Nowitzki too. Some thought that the Mavericks had no chance to win because of their finals defeat to the Heat in 2006. No matter how far gone you think you are in regard to your financial solvency, it’s …. read the rest of the article here.

To view more articles from Shay on click here.

Invest in Yourself

Read Shay's new weekly personal finance column on Black Voice News.

Starting this week the most dynamic financial education speaker working today has a weekly column on personal finance at Black Voice News! You can read her pithy insights and personal views on all things money in the physical paper and online. Check out this excerpt from her first article “Invest in Yourself” and leave a comment on

Every day we make decisions about how we will spend our money. Most of the time we spend our money investing in things that will not increase the value of ourselves, our families, and our communities. In 2010 African-American buying power was valued at $836 Billion by the U.S. Census. How much of that money went into purchasing things that increases the net worth of African-American households?

There is an idea that you’ve had for a while now about generating more income. It could be starting a business. It could be furthering your education. It could be cutting unnecessary costs to create, or add to, your emergency account or retirement account.

What’s stopping you from investing in yourself? I bet you invest ….

Read the entire article here.