Letters.BLACK WEALTH I am a retired banker and a volunteer instructor at the local high school. I instruct in·struct v. in·struct·ed, in·struct·ing, in·structs v.tr. 1. To provide with knowledge, especially in a methodical way. See Synonyms at teach. 2. To give orders to; direct. v. students in personal finance and investing in the stock market. In recent months, I have become accustomed to relying on the great articles that have appeared in BLACK ENTERPRISE for discussions and guidance. But I must tell you the January 2000 issue is absolutely invaluable. My students have been learning the practical aspects of investing by jointly researching and selecting stocks to invest in and making actual purchases within the $5,000 account that was made available to them at the beginning of the school year. Whatever profit accrues from their investment at the end of the year will be given to them to start their own investment club. This week we discussed the Black Wealth Initiative and the Declaration of Financial Independence that appeared in this month's edition of BE. Copies were given out for them to take home to their parents. From the enthusiasm showed by the students, I feel certain that these two documents will change many lives for the better down the road. Many thanks for a great magazine and keep up the good work in providing your readers with the tools for a brighter future. Lou Myers President Sun Coast Travel Inc. Jacksonville, Florida Lmyers7249@aol.com OUR LEGACY I am a subscriber of BE who enjoys reading every issue. In the January 2000 issue, I read your column, "Let Our Wealth Be Our Legacy" (Publisher's Page). We African Americans African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. need to continue to strive to accumulate wealth and invest wisely. [However], accumulating wealth, although important, should not be our sole legacy. Ours should be a legacy of a people who believed in God and were enslaved Enslaved may refer to:
We should also support our churches. The black church has sustained us and enabled us to overcome the forces of evil against great odds. More emphasis needs to be placed on the continuing role of the black church in enabling us to accomplish what we have accomplished. Calvin J. Allen Attorney At Law Key West, Florida CA407364@aol.com Editor's note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : Our Circle of Wealth concept ("Getting Started," January 2000) of our Black Wealth Initiative shows how we can strengthen and support the black church and other institutions of importance to our communities by learning to manage and accumulate wealth through disciplined saving and investing. As shown by the following reader letter, the black church will continue to play a critical role in this latest phase of our deliverance Deliverance See also Freedom. Aphesius epithet of Zeus, meaning ‘releaser.’ [Gk. Myth.: Zimmerman, 292–293] Bolivar, Simón (1783–1830) the great liberator of South America. [Am. Hist. from slavery and oppression. It was interesting to read your January 2000 issue on building black wealth. Your Declaration of Financial Empowerment touched my spirit because two years ago, I was elected treasurer of the Allen Investment Ministry (AIM). AIM started out as part of the men's ministry of Allen AME See AIT. Church in Queens, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , where Rev. Dr. Floyd H. Flake Reverend Dr. Floyd Harold Flake (born January 30, 1945 in Los Angeles) is the senior pastor of the 23,000 member Greater Allen African Methodist Episcopal Cathedral in Jamaica, Queens, New York, and president of Wilberforce University. is pastor. In a meeting, Rev. Flake flake an epidermal scale. flake Cocaine, see there asked 200 men, "How many of you have a stock account?" Only five men raised their hands. As a result, we organized to form an investment club. Our club now consists of 465 members divided into 12 subgroups, all with biblical names : A B C D E F G H I J K L M N O P Q R S T U V W X Y Z This is a list of names from the Bible, mainly taken from the 19th century public domain resource: This goes to show you what folks can do with $20 per month. I look to BE for suggestions on how to keep our club motivated. Ricardo Bentham St. Albans, New York icmnt@aol.com |
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