As protests continue across the country, many Americans are looking for ways to help support the Black Lives Matter movement any way they can.
While protesting and calling your local officials are valid approaches to fighting racial inequality, it's equally as important to put your money where your mouth is. Are you even aware of the black owned businesses in your area? Have you supported them recently? It's more important than ever to support black entrepreneurs, so to aid in your search, we've compiled a list of apps that make it easier than ever to discover local, black-owned businesses.
Launched in 2018 by Rameish Budhoo, Black Nation is a thorough database that lists black-owned businesses free of charge. The app makes it easy to find a company that matches your needs as a consumer to create both local and national visibility for POC entrepreneurs. Log on and search for whatever you need, and it will link you to dozens of businesses in your area that meet your guidelines.
Black-owned restaurants have been hit especially hard thanks to the current pandemic, but eatOkra aims to help. Founded in 2016 by Anthony Edwards and Janique Bradley, eatOkra is the go-to directory for black-owned restaurants. It features over 2,500 restaurants across the U.S. Just put in your location and search your desired cuisine, and the app will match you with dozens of results. You can even order delivery, and the app includes GPS directions in case you need to hop in a car. Personal recommendations for additions to eatOkra are also encouraged.
Official Black Wall Street
Official Black Wall Street offers over 5,000 black-owned businesses across 10 different countries, making it the most extensive directory app for businesses by people of color. Black business owners create a listing through the app, and consumers can leave reviews, and access photos and exclusive offers through Official Black Wall Street. Started in 2014, the app was developed to help consumers invest more in black-owned businesses, as it says on their website: "only 2% of [Black Americans] $1.1 trillion buying power is invested into black businesses."
Explicitly curated for Brooklyn, Black-Owned Brooklyn is exactly what it sounds like. It's a digital publication that offers great resources for New Yorkers wishing to support black businesses. The publication includes write-ups for featured companies in food and drink, home and design, style and beauty, health and wellness, and even history and culture. It also updates regularly with new additions, and seeks to focus on businesses not part of the gentrified suburb, but rather businesses that have been in place for years.
WhereU Came From
Using crowd-sourced listings and referrals, 2016's WhereU Came From is an app designed to help you discover local black-owned businesses. Both an app and a website, WhereU Came From offers in-depth search functionalities that project real-time leaderboards of companies across categories and are ranked by customers and peers who have used the services.
Airbnb offers an affordable option for people looking to be more comfortable as they travel.
However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.
And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.
If you're keeping tabs on the art and tech worlds, you've probably been hearing whispers about "NFTs" for the past month. Just over the past week they've entered the mainstream lexicon.
Twitter founder Jack Dorsey made the news for selling his first ever tweet. The app has been teasing paid subscription models and newsletter-like features, but tweets for sale is "the next frontier."
just setting up my twttr— jack (@jack)1142974214.0
The 2006 tweet went up for auction as an NFT, and the current bid is $2.5 Million. But what does it mean to own that? Why would anyone want to? And what even is an NFT?
Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.
The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.
Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.
Stick To a Specific Strategy or Niche
Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.
First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.
Be Vigilant About Viable Financing Options
While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.
Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.
Master the Art of Finding Good Deals
There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.