In today’s “Money Mondays” segment, Mellody Hobson discusses balancing love and finances. In the spirit of Valentine’s Day this Friday, I am here to talk to you about love and money. In particular, how to make sure that when you get serious with your better half, you are able to get your finances right and […]
In today’s “Money Mondays” segment, Mellody Hobson gets you ready for tax season. I don’t mean to bring people down on this Monday morning, but it is time to start thinking about the April 15. Some important changes took place last year, so it is possible that your taxes could be different from years past. […]
In today’s “Money Mondays” segment, Mellody Hobson tells listeners how to ask for what they’re worth. We all know that the recession hit Americans, and particularly black Americans, pretty hard. We have seen jobs losses, sliding wages rates and fewer pay raises. It has certainly been tough out there. But the good news is that […]
In today’s “Money Mondays” segment, Mellody Hobson talks about a very important topic: preparing kids to be financially responsible adults. This week, I came across a poll from late last year that found that 27% of 17-year-olds do not feel they have the financial intelligence they need to manage their finances by the time they […]
Happy New Year to you! As we kick off 2014, I want to start by looking back at last year. That’s the best way to move forward, right? There was an article in the Wall Street Journal last week that declared “Boring Investors” as the big winners of 2013. What is a boring investor? I […]
Mellody Hobson and George Lucas finally stepped out in the public with their beautiful 5-month-old baby girl Everest. The family was spotted on vacation in St. Barts. Everest Hobson Lucas was born via surrogate on August 9, 2013. The couple married in June 2013. See the photo of baby Everest here on TMZ.
Last Tuesday, a federal judge declared that Detroit met the specific legal criteria to receive protection from its creditors, making it the largest city in U.S. history to enter Chapter 9 bankruptcy. What does this mean for Detroit and its citizens? Well, literally it means the city of Detroit cannot meet its financial obligations to […]
“Star Wars” creator George Lucas and wife Mellody Hobson, financial analyst and Tom Morning Show special commentator, donated $25 million to the After School Matters program in Chicago. The program serves 4500 teenagers during the school year and 5500 in the summer. The money will be used to keep kids in the program and provide […]
In today’s “Money Mondays” segment, Mellody Hobson gives you the inside scoop on cyberscammers and how to avoid them. With Black Friday behind us, we’re now in full-swing holiday shopping season. But before you nab those “can’t be beat” deals, consider my advice about protecting yourself online. Today kicks off the online holiday buying frenzy, […]
In today’s “Money Mondays” segment, Mellody Hobson answers “Text Tom” questions about retirement. This first one is more specific but it’s great. A listener texted that federal employees can borrow from their 401(k) plans for a one-time fee of $50. The interest and payment of the loan goes back to the employee because they’re borrowing […]
Mellody Hobson answers some of the “Text Tom” questions our listeners have sent in. Today, let’s focus on the ones that came up around saving for college. “How do companies work that help with student loans in default and back taxes owed? They’re very popular and I am wondering if they’re real or a scam […]
What is the Twitter IPO? An IPO is an Initial Public Offering. It’s the first sale of stock by a private company to the public—that’s why it’s also called taking a company public. IPOs are often issued by smaller, younger companies who are seeking capital to grow, but that’s not always the case, like with […]
