Dr. Boyce Watkins joins MSN’s “The Invested Life”

 

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Did Eddie Bernice Johnson Take Scholarships from Deserving Black Youth?

by Dr. Boyce Watkins, Syracuse University – Scholarship in Action 

I watched 'Anderson Cooper 360' last night, and saw a black woman's face on the screen. Like most other African Americans, this was my cue to turn the volume up to find out what might be going on. As I watched Anderson stare at the screen with his piercing, cold, concerned eyes, I could see that he and his guests had made the Congressional Black Caucus their target for the night. The arrows hit the bull's-eye, and Anderson seemed to keep throwing them.

The subjects of their disdain were Eddie Bernice Johnson (D-Texas) and Sanford Bishop (D- GA). Both of the legislators are being accused of using CBC Scholarship funds as their personal family gift bag. Johnson was made into the worst of the culprits, giving $31,000 in scholarship money to her relatives. She also signed two letters written to the CBC Foundation specifically requesting that the funds be sent directly to her two grandsons and grand nephews, instead of their universities. Rep. Bishop is accused of giving three scholarships to his stepdaughter and wife's neice in 2003 and 2005.

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Your Black News: HBCU TV Network to Launch This Fall

by Dr. Boyce Watkins, Syracuse University – Scholarship in Action 

NewsOne.com is reporting that there are plans to launch a 24-hour network dedicated to HBCUs. The network is set to be focused on "edutainment" and lifestyle for Historically Black Colleges and Universities. The company behind the platform, C3 Media LLC says that the network is set to fill a niche within the cable industry that has barely been reached in the past.

Much of the programming will also feature various sports teams sponsored by black colleges all across America. "The idea and vision behind the creation of the HBCU Network is to preserve and celebrate the African American colleges and universities, while also providing opportunities for their growth and further prosperity," CEO Curtis Symonds told NewsOne. "At the same time, we are passionate and excited about building a strong media brand and network from the ground up."

 

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Black Scholars Watkins and Metzler on CNBC – 9/15/10

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Black Scholars Dr. Boyce Watkins and Dr. Christopher Metzler Discuss "Keeping The Bush Tax Cuts" on CNBC

When You Die, Who’s Responsible For Your Debts?

by Dr. Boyce Watkins, Syracuse University 

 

You are going to live forever.  Death is beneath you.  Those who depend on you financially will always be able to rely on your immortality as a guaranteed source of financial security.  I hope you don’t think I’m lying, being sarcastic or sounding flat out silly. Perhaps you do.

Ok yes, I was being silly.  But the reality is that most of us are equally ridiculous when it comes to our perception of death and how our sudden passing could financially ruin those who care about us.   Death doesn’t care how many appointments you have, how many projects you’re working on, or how many plans you have for the future.  It just takes you, and it’s always at the least convenient time.  That’s the nature of the Grim Reaper, who might not be nearly as malicious as the bill collectors seeking to get their money back after you’re gone.  
While comprehensive financial planning is beyond the scope of this article, I can share a few tips on dealing with debt in the event of your death.  This information could help you when dealing with a deceased relative, and it should also be shared with your relatives in case you pass on unexpectedly. 

 

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Dr. Boyce Watkins: How to Teach Your Kids About Money

by Dr. Boyce Watkins, Syracuse University 

Given that our children are likely our greatest expense and greatest love, perhaps it might be helpful to discuss how we teach them about money.  If you raise your kids to be financially responsible, they can be assets to you during retirement.  If they are taught about money in the wrong way, they become horrible economic liabilities that leave you riddled with guilt.  So, although I don’t claim to know everything about child rearing, I thought I’d share some guidelines you might want to consider when it comes to teaching your kids about money.

 

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