B.E. 10 Wealth for Life Principles

Thought this might be helpful. From Black Enterprise Magazine:

1) I will live within my means.

2) I will maximize my income potential through education and training.

3) I will effectively manage my budget, credit card, debt, and other tax obligations.

4) I will save at least 10% of my income.

5) I will use homeownership as a foundation for building wealth.

6) I will devise an investment plan for my retirement needs and children’s education.

7) I will ensure that my entire family adheres to sensible money management principles.

8) I will support the creation and growth of businesses owned by people of color.

9) I will guarantee my wealth is passed on to future generations through proper insurance and estate planning.

10) I will strengthen my community through philanthropy.

These are great guiding principles to use in your financial life. Please read each one carefully and consider how it might be applied in your life. I keep a copy of them taped the refrigerator in our office to remind everyone of what we’re here to do.

Free College for Low Income Washington Students

From HeraldNet:

These are low-income middle schoolers who are guaranteed a full ride to any Washington college if they fill out an application, maintain a 2.0 grade point average and don’t commit a crime before they graduate high school.

Some haven’t applied because they think the deal is too good to be true. Others don’t know about it. And some just haven’t taken the time to fill out the brief application, which includes one question about family income and basic information about the applicant.

Statewide, just 28,000 students have applied since the program began last year.

Many students wrongly believe they need to pay to apply for the scholarship or that it’s some kind of hoax, said Amie Mbye, an eighth-grader at Alderwood Middle School in Lynnwood.

For more information on the College Bound scholarship program or to apply online, go to www.hecb.wa.gov/collegebound.

To read the complete article visit HaroldNet.