D
17
YOUR FINANCES
�:D1e�1leIl1
ADII�ced:· The atioDal B .
League �ted their aD­
nual awards for· at
the 88th annual NBL �
tion in Richmond, V � last
month. Awardees included
Valores Wa hiagton, co­
lounder of- Continental Sup­
p1icr's - J enlrjns, Chancellor at
Elizabeth Oty S UDftersity
in North Caroli ; F. V. Allison,
Jr., <lWrman of die American
League of Finailci.alll{stitu- Eason, a Harv rd Business
tiODS;EarlPaceJr.,Presicientof School graduate, was un­
Pr ional Pub·· Inc- comfortable ith" her son's
- Richmond, VA; Catherine desires to be like He-Man, -
Hughes, owner of WOL-AM his blonde-haired, blue-eyed,
and WMMJ-FM in Real Estate hero .... Kissyfur, one Blacks's
Brokers; David Ria; Exeartive adorable story of a arms bear
vice-peesideat of the NB4 � sp WIled a Saturday morning I
Nancy Freeman, owner and' cartoon series. A stuffed version
manager of W Am Radio in . available in retail stores.
Ridn"ond, vs: Linda Olds designed � ,
T 15 By Us •••• With N' Fly", a heritage board game,
Christmas just three wee to oompensate for the fact tha
away, yo miPt want to con- her children weren't 1earniog'
sider some of the numerous of- much about Black history. 'I1le
fe� of America' Black toy company initially experienced
manufacturers, some of them great response in the stores until
I reaping big reven in today's the interest in Black games
toy industry ... Huggy Bean, the waned. Merton Olds, president
first mass-marketed Black of Olds, Ogden & Johnson, t­
character doll, is probably most tributes the drop in interest to
renowned The doll, manufac- the fact that "most of the buyers
tured by Golden Ribbon Playth- were white and jewish and re­
iDgs, shares her chocolate forest lated to fads." "Breaking the bar­
with ten other Black and rier of getting shelf space: is at
Hispanic characte and comes present, his biggest obstacle.
with a fantasy storybook, detail- "Buyers like to treat the . c
I ing dventures to drought-rid- . as a whole. It's hard to have so
den Ethiopia and to learn about many products and give each
South Africa's apartheid. segment special attention." To
"Rule� Of The Sun" is a line of combat the frustration of most
minority super-heroes from the Blacks in finding the game, Olds
01mec Corp, designed by Yla opted, for the mail-order route,
---�T B ISHI, G YOUR 1989 FI
ByJ
ow is the time to get your­
self financially ready for 1989.
The only Way to accomplish this
task is by establishing a work­
able, well conceived financial
game plan.
Without such a plan your
financial steps could lack direc­
tion and coordination. The
result will be that you will be­
come your own rst financial
enemy. Devel p plan and stick
to it for 1989. alee that one of
your new year's resolutions.
There are several key steps to
developing a workable, well
conceived financial plan:
, II
Ilr m E.
•
313/ 7-7245
313/963-5981
pi&
in. lead recoQnized
�--------.. though the gam� can still be part-owner of a line of Black
found in some Sears outlets, To character dolls. Partner Ann
, get the � which retaik for Woodford designed the rag­
. $29.95, contact Olds, Og� &. dolls with silk screen face and
; Jolmson, P.O. Box 200, Rock- afro hair, which retail for S29.95,
land, DE 19732. in 1974. Said Woodford, -tt'sour
Other board games include way of helping our kids feel bet­
"Black Trivia- based on histori- tel' about themselves. H Black
cal facts rqpttding B cb, from children have images to grow up
the BIakGame Group. If you'd with, they come up with beter
like to m where you can find images of themselves." Rolle
any of these toys, (X) tact Toy says their company, E&A
Manufacture of America, 200 Global, is making a product that
Fifth Avenue, ew Yor City would make a difference.
10010, (212) 675-114L LA. 'Gears F Break Wi
Good Es· ree Abdul-Jabbar:
R TIIDCS couldn' eem Abdul-Jabbar, who is
better for Esther Rolle and her beginning his 20th and final
new role as entrepreneur and season as center for the Los An-
-. Set Specific Fina cial
G And Dea I • Simply
stated you must have a pretty
good idea of what you want out
of 1989 before you can establish
a plan for achieving those goals.
In addition, your financial
desires must be stated fairly
specifically. Statements such as
"I want to be bett r off financial­
ly" mean absolutely nothing. Be­
sides such a statement con­
stitutes a wish DOt a financial
goal Be specific, For example:
"I want to increase the balance
in my savings accoun by $10,000
no later than October 1, 1989."
o that's' a financial goal!
Further, you have given yourself
a deadline. Goals have only
been established once you have
set a deadline for achieving:
them.
- Get tarted I eli Iy.
The companion to setting a
deadline for achieving your
financial goals is to set a date to
start working on them. That's
right, the day to start i today.
Remember, the biggest fman­
cial sin committed by most
peopl is procrastination - the
failure to get started. As soon as
you say I'll get started on this as
soon as I pay next month's rent",
you are already half way to
defeat 'Pte day to ��t is !oday.
geleS Lakers, will be the focal
point of a mu1ti-media ad cam­
paign by L.A: Gear. The NBA's
aD-time scoring leacb will be
seen in print, lV, andbi1l>oards
beginning in February. For �
part, J abbar will receive a
guarantee plsu percentage 0
LA Gears sales for its n� liD
ofbaskc� shoes and appare[
(Sales Ime tripled in the last
year from $70,500,000 to more
than $214,000,(00). A spo
man for LA. Gear says the com­
pany expects the Laker center
will attract a greater volume of
press in his last year and that he
will mention LA. Gear at every
oppo�.
A
- G ther All Pertinent In­
formatio d Detennine Your
Curren Fin ncial Stat . First
of all, what is your net monthly
income or take home pay?
Secondly, what are your total
monthly expenses? Most people
know how much they earn but
only a few people know exactly
how their money is spent. Yes,
you may know the big expenses
but a lot of money is wasted on
impulse buying and unplanned
purchases. However, the
keypoint here is that monthly
net income should exceed total
monthly expenses by at least
10%. Stated differently, you
should be saving 10% of every
dollar you earn.
- Demop Additional Sour-
Of Inc e. The sad fact in
America is that the overwhelm­
ing majority of jobs do not pay
enough to provide a family with
financial security. In other
words, you could discipline
yourself to the point of saving
10% of y ur monthly income
and still not have enough to
begin enj ying am re financial-
ly rewarding life. f
Frequently, the only soluti n
i additional income. Howev r,
this must and can be ac­
complished without working
yourself half t death and n t
having time for family and
friends.
We continue to recommend
joining an investment club or a
walth building group. A 35-
member investment club can
achieve wonders with each
member contributing only $25 a
month. Better still is the f rma­
tion of a wealth-building group
which sponsors money-making
events. We believe that this is
absolutely the best way to make
your money grow without drain­
ingyour savings
I - Do om thing! Life only
gets better if you make it o.
Your goals and desires will
remain no more than dreams if
action is not applied to them.
•
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