The Dr Boyce Breakdown

Jeff Lightsy Jr and I spoke today about Nick Cannon's interesting child bearing philosophies 

Today on Financial Juneteenth TV, I am going to break down the story about a mother who says that she pays her kids' allowance based on their passions and hobbies, not to do chores. 

I like the creativity of her idea, but I think also that when teaching kids the power of economic thinking, we should calibrate the situation to ensure that safeguards are in place.  

Hobbies are fun and beneficial in a multitude of ways, but providing the right economic incentives for successful choices in adulthood requires a bit of thought. 

I'll share some ideas on this topic in hopes that this can help you figure out how to create the right economic thinking in your own children. 

I spoke today for over an hour with Jason Whitlock, and we had a great and intelligent conversation.   He spoke on a lot of issues that people need to hear about.  You should check it out. 

Today I spoke with Dr Nicole Price about the challenges that black families have with creating family businesses. 

You can watch our conversation here. 

Also, on Wednesday nights, I host The Dr Boyce Book Club.  Right now, we are reading "Black Labor, White Wealth" by Dr Claud Anderson.  If you wish to join the book club for free, please visit BlackKeysToGreatness.com. 

​Hello, I hope you're doing well.

This morning, I am covering some of the things I'm seeing in the stock market and investing world.  You can join the discussion onThe Black Financial Channel by visiting this link.  We start at 10:30 am EST if you're reading the email before we get started.

Secondly, the world's leading business automation expert, Chris Davis, is speaking to Black Business School students tomorrow, Tuesday, August 3 at 11 am EST.  Chris is the specialist who has helped a ton of entrepreneurs scale their businesses from a few thousand a month in revenue to over $100k per month.

If you'd like to join us for this BBS Assembly, you can register here.  This gathering will replace our weekly meeting for The Black Stock Market Program, so we are inviting you to join us in class.

Please take care and have a wonderful day.

Sincerely,

Dr Boyce Watkins

Why rapper Da Baby keeps apologizing

Today I speak with Shannon Stewart about wealth mistakes you have to avoid in order to be successful. 

Today I spoke about the attacks on Shaun King and the economic breakdown of what's going on in that situation.  Shaun King's criticism might have merit, but there's something to be said about whether or not an activist should be compensated for their work. 

SHOW LESSNBA millionaire was allegedly duped by baby mama - Dr Boyce Watkins.  The story about PJ Washington and Brittany Renner is a cautionary tale for anyone seeking to understand how NBA riches can attract everyone, including those who seek to prey from your newfound wealth.   PJ Washington is a top draft pick in the NBA and is now claiming that Renner faked their entire relationship only to get access to his money.  This was further confirmed by a video in which Renner appears to be saying that athletes are dumb and that you can take their money by having their baby.   Renner clearly is in the wrong here, but are there ways that men like PJ Washington can protect themselves from predators?  That's what we're discussing in the saga of PJ Washington and how you have to be careful when you have wealth all around you.

Today I spoke about student loans and other major black wealth killers.  This is an important topic for those who are seeking to build generational wealth.