Balance sheet analysis leads to better business decisions

www.atconnercpa.com

A well-prepared balance sheet contains a wealth of information. Assuming the asset, liability, and equity amounts are supported by accurate data, the relationship between the numbers — especially when compared with prior balance sheets — may provide valuable insight into your company's financial health. That information, in turn, may guide you toward the best operational decisions.
A financial statement ratio is simply a comparison of one number with another. Though you may not use this term to describe such relationships, you're already familiar with many ratios. Miles per gallon, price per pound, calories per serving of your favorite dessert — all are ratios used in everyday life.
The following three balance sheet ratios are paramount:

• Current ratio. To arrive at this ratio, divide current assets by current liabilities. For your company, current assets might include cash, short-term investments, accounts receivable, inventory, and supplies. Such assets are "current" because you expect to use them up in the coming year or operating cycle. Current liabilities are similarly defined. Such amounts might include accounts payable, payroll, or the portion of long-term debt that's payable in the near term.
  
  The higher the ratio, the better your firm's liquidity. If you have a current ratio of 3:1, that means your current assets are three times the amount needed to pay off your current obligations. If the ratio is trending downward from one balance sheet to the next, your ability to service short-term debts is also declining. If the ratio drops below 1:1, your ability to meet current obligations may be hanging by a thread.

• Working capital. Though not technically a ratio (the number isn't a quotient), working capital is another key measure of liquidity. Defined as current assets minus current liabilities, the greater the amount of working capital, the more likely a firm has enough liquidity to meet current obligations.

• Debt-to-equity ratio. Divide total liabilities by total equity (assets minus liabilities) to arrive at this ratio. This relationship is often scrutinized by financial institutions. The lower the percentage, the stronger a company's equity position. In other words, the firm isn't relying solely on debt to meet payroll or finance ongoing operations — music to the ears of lenders.

Ratios derived from profit-and-loss and cash flow statements may provide additional insight into your company's fiscal health. If you'd like help analyzing your financial statements, give us a call.

aconner@atconnercpa.com

It's time to spend down your FSA account

 

If you contribute to a Flexible Spending Account (FSA) to cover your out-of-pocket medical expenses, it's time to review your remaining balance. Even if your employer extends the spending deadline to March of next year, you'll want to take full advantage of this tax-favored program.
One study found that over 80% of companies having 500 or more employees offered FSA plans, and they're popular with many smaller businesses as well. A huge selling point is the ability to reduce income taxes. In effect, by contributing pre-tax dollars to an FSA account, you enjoy a discount on costs you would incur anyway. But if you fail to spend the entire account balance before the deadline arrives, you forfeit whatever's left. That's the law.
Check with your human resources department or benefits office to confirm your company's FSA spending deadline (usually December 31 or March 15 of the following year). Then consider paying down your account balance with the following eligible medical expenses:

• Dental checkups. If you've already scheduled an appointment for a few months from now, consider moving it up. You also may want to pay for recommended dental procedures — crowns, fillings, and so on — before the spending deadline.

• Vision examinations. Many insurance providers offer limited coverage for visits to an optometrist or ophthalmologist, so consider setting up an appointment before the FSA deadline. If you need to renew your eyeglass prescription, now may be a good time to make that purchase as well.

• Chiropractic visits. Your insurance provider may limit the number of covered visits to the local chiropractor. Again, schedule additional appointments before the FSA deadline.

• Medications. Prescription drugs are generally covered, but if you use over-the-counter medications, you'll need a doctor's prescription or letter of medical necessity for those costs to be FSA-eligible.

• Mileage. Don't forget the cost of getting to and from medical appointments or drug stores. Keep track of the miles, the offices you visit, and the receipts. You're allowed to claim those miles using IRS mileage rates, but make sure you don't claim the same miles on your end-of-year tax forms.

• Medical supplies. Anything from first-aid kits to walking canes to blood pressure monitors may be eligible. The key is having a doctor-signed letter of medical necessity on file.

If you need more ideas about medical expenses that may qualify under the FSA spending rules, give us a call.

aconner@atconnercpa.com

Get Off That Beach!

Ahhh….the sun is beaming just perfect for a sun bathe.  Ocean waves dancing and singing a tune while the resort prepares for another day of activities to keep me busy for the next several days. I have my tropical drinks and entertainment to accommodate me and I’m feeling great and relaxed! I’ll soak up the sun during the day and unwind and jam at night. Then the day before its time to check out, I’ll go down to the resort’s gift shop and see what they have for everyone back home. No need to come leave the resort. I “think” everything is here!

Sounds familiar? How many times have you taken an All-Inclusive vacation and said those very words? Or, how many times have you taken an All-Inclusive vacation and, upon returning home, you were asked what did you do for 7 days and 6 nights while on the Caribbean Islands? If your only doing the beach and shopping at the resort’s gift shop, allow me to be the first to tell you you’re throwing away money and not maximizing your vacation.

While the concept of All-Inclusive vacations is to accommodate guests so that they don’t have to worry about any additional expenses like food, beverages and nightly entertainment, remember the reason you chose to vacation to begin with. Don’t get so caught up in what the resort has to offer that you miss out on seeing what the destination is all about. Leave the resort and take an excursion or 2.

Diss the resort buffet and chow down on some authentic food and dine with the locals. Montego Bay, Jamaica, perfect example. People are friendly and easy to talk with and there is always something fun going on. Taxis are available from your resort and their restaurants are great! In addition, there are so many tours that you can partake in and transportation is included with most tours. Plus, they’ll even pick you up from your resort. If Jamaica is in fact where you have landed, take advantage of Dunns River Falls & Mystic Mountain both located in Ocho Rios, about 90 mins from Montego Bay. Or, take a taxi down to Montego Bay’s Hip Strip for some shopping. After, grab a nice Caribbean entrée with a rum punch from Margaritaville Caribbean to end the day. Catamaran & Snorkeling, Appleton Estates Rum Tour and Horse Back Ridding are just a few of the many tours that are available to tourists once they arrive to Jamaica. Here’s an idea of how you can include some of these excursions and activities during your stay…

For a 5 night stay in Montego Bay, Jamaica, try planning your activities like this:

Day 1 – Arrival. Check in. Relax

Day 2 – Explore the beaches, activities, entertainment and foods of the resort

Day 3 – Dunns River Falls tour in Ocho Rios. Bam! You just made plans to see another area of the island in one trip!

Day 4 – Beach day at the resort. Relax and map out day 5.

Day 5 – Hit the Hip Strip and go shopping! By the way, if you decide to eat at Margaritaville Caribbean, you may want to bring your swim clothes. It’s on the beach and they have these fun water activities for FREE!

Notice how the sample itinerary didn’t sound over whelming or prepared to wear you out. You still get some sun and relaxation. But you also get a chance to explore the island.

So, the next time you visit the Caribbean Islands, go off the beaten path and explore the island in depth. Make your hard earned dollars work for you! Maximize your vacation and clear your activities bucket list together with your destination bucket list. Here at Wallet Happy Vacations, we recommend taking advantage of the many excursions that are available to travelers upon arrival to their destinations. We help our clients determine what will be fun, interesting and rewarding for them. Like the example above, we help plan itineraries so that our clients will taste what the resort has to offer and the island itself.  

Are you ready to get off that beach?

The Next Generation's GIVEBACK 12/21/12

FOR IMMEDIATE RELEASE:

PHILADELPHIA

December 10, 2012 - Sporty Marketing, LLC, Mic Check 1-Two!, and The Circle Ent. have organized the 2^nd Annual Inter-Communal Giveback Feast and Concert on December 21, 2012 at the Cecil B. Moore Recreation  Center in North Philadelphia. The goal of The Giveback is to help children and families from low income communities by providing a quality meal, gently-used clothing, entertainment, and a chance to fellowship with the community.

Hunger affects close to one million individuals in the Delaware Valley. In various communities throughout our region families and individuals experience food poverty and live in communities that qualify as food deserts, or regions with limited access to healthy and nutritious food. Because of the scarcity of community resources in low-income neighborhoods, many families are not able to receive quality food in abundance. Many of these families also struggle with meeting their basic needs like clothes and winter coats to adapt to the changing seasons.

In the winter of 2011, Sporty Marketing & The Circle Ent. decided to tackle these fundamental social issues by organizing the 1st Annual Philadelphia Inter-Communal Giveback Feast & Concert. The Giveback event includes a clothing drive, a feast, and a concert, all FREE. Last year we fed and clothed almost 400 people at Haddington Recreation Center in West Philadelphia. This year, with added partnerships and community involvement, we hope to help feed and clothe even more families.

The concert will be hosted by journalist, Sincerely Syreeta (SincerelySyreeta.com) and comedian Evan Polk (EvanPolk.com). The night’s entertainment includes local musicians such as: Aime, S.K., Suzann Christine, Band 4 Higher, Hello Dolly and many more! Community members will be able to browse and select from gently-used clothing and receive tips from two Philadelphia fashion stylists Curran J (KingsRuleTogether.com) and Kia Denise (From My Style To Urs) .

The 2012 Inter-Communal Giveback Event will be an affair to remember! Come out and lend your support and spread the word!

About the organizers:

Sporty Marketing, LLC is a new age firm which specializes in a classic approach to funneling revenue into businesses, large & small. A guaranteed increase in gross business & measurable results sets Sporty Marketing apart from the pack of today's intangible promise makers. For all your marketing needs, call Sporty Marketing indeed.

Mic Check 1-Two! is a community based organization dedicated to creating community level opportunities to encourage people to be vessels of changes.

The Circle Entertainment Group is a networking group built to support entertainers and businesses by providing information and resources for positive growth.

If you would like more information about volunteers or  would like to become a part of this event in another capacity please contact Lana Adams at 484-429-0004 or send an email to creatingdialogue@gmail.com

Additional Contact: Rashaad Lambert: spit@iamnotarapperispit.com; Cell: 949-667-1479

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EDUCATION: Playing our part in the SOLUTIONS for Saving Our Schools

JB Productions Presents: “Conversations” – A fun, kinda let your hair down type of event! Focusing on discussing real – life topics & issues that we deal with on a day – to – day basis in an open forum! The intention is to create the atmosphere for interactive/mutual dialogue between attendees & host(s). All done for fun, but designed for guests to have open, honest, candid, mature, RESPECTFUL & down to earth dialogue that would allow for potential solutions to some of the challenges we face on an individ...

ual level.

This month’s topic of discussion will be: "EDUCATION: Playing our part in the SOLUTIONS for Saving Our Schools!” We will discuss the importance of taking personal accountability and assisting with developing implementable solutions to help save our schools!!! We will be bringing in individuals to educate and dialogue with the audience about the current state of affairs; the importance of the public’s involvement; the impact of NOT being involved; and identifying a targeted list of supportive, implementable solutions to save our schools!!! We are also pleased to have Dr. William Hite, the new Superintendent of the School District of Philadelphia, participating in the discussion! Please spread the word and show up at this life changing event!

When: Tuesday, November 20th
Time: 6:00PM to 8:00PM
Details: Networking/Chat & Chew: 6:00 – 6:30PM
Conversation begins: 6:30PM (SHARP)
Wrap – Up: 7:45PM – 8:00PM

Where: School District of Philadelphia, 440 N. Broad Street, Room 1075
Dress Code: Fashionable
Cover: FREE
Parking: Metered Street & paid lot parking available!!!
Amenities: Complimentary Refreshments provided by Eatible Delights Catering

We are hoping for a successful, engaging & fun event. Looking forward to seeing you there. Help us spread the word and invite others to join you and participate in a very mature, life – changing chat!

Sponsored by: Eatible Delights Catering www.eatibledelights.com; Eye Innovations www.eyeinnovations.net; and Black Professional News www.earlharvey.com.

Vacation time: Use it or Loose it!

If you’re like me, the second someone says let’s go, you’re ready! You really don’t need a reason to travel. Just the fact that you are over worked and stressed is good enough. Now, while that may work for you and I, there are lots of people out there who actually need a “reason” to come out of their never changing 4 wall city to see what the rest of the world has to offer.

The next few paragraphs I’ll give you some of the best reasons to travel and even offer ways to make it happen. Trust me; this is the last year you’ve decided to stay in your city! Ready? Here we go…

Reason #1

YOU need a break. If your over worked and stressed out, why not treat yourself to a nice weekend getaway? Don’t you think YOU deserve it? A nice trip to the beaches of Ft. Lauderdale, Florida, Montego Bay, Jamaica or even Puerto Vallarta, Mexico should get you back in the swing of things. Or, take a 7 – 10 day guided tour of South Africa or Europe. Notice how refreshed you’ll feel upon your return home. Not to mention I am sure you’ll want to return soon!

Reason #2

When I worked in corporate America, there was a saying that went “Use it OR Loose it”. That term was regarded toward my vacation time. If I didn’t use it, I’d loose it. Although I no longer work for corporate America, to my knowledge, that rule still stands. Need I say more?!

Reason #3

Now in days, vacations are super super affordable. Most agencies, including myself, offer payment plans so that clients can pay their trip off and not be overwhelmed with paying for their vacation upfront. At Wallet Happy Vacations, we offer EZ payment plans tailored specifically for our clients’ budget. This way, not only do you have a trip to look forward to but, the ease of paying on it is also available.

In sum, get out of your town and explore what the rest of the world has to offer!  Take a break from work. Treat your stress to a nice day in the Spa while on the beautiful Caribbean Beaches. Use your vacation time and treat yourself. Utilize your Travel Professional’s EZ payment plan programs. It’s the best option for making your vacation a reality!

Cheers to a reason to travel and taking advantage of your vacation time in 2013.

Anitra R. Byers

Travel Professional/Owner

www.wallethappyvacations.com

215.200.8311

Wallet Happy Vacations

Living and Growing in the Valley

Wow.  I haven't actually written anything in a long time.  Here it goes...

I was recently blessed by a sermon during the Enon Tabernacle Church’s revival.  Although I can’t remember the name of the sermon, what I walked away with is the realization that “It’s in the Valley that I Grow.”

Just the week before, I was whining about living in a valley.  You see,  I felt that being unemployed, unpopular, unappreciated, and unattached were all valleys.  On top of that, I LITERALLY LIVE in a valley!  I felt stagnant, like I wasn’t moving forward and had not accomplished much of anything in my 48 years here on this earth.  Yeah, I was having myself a good ole pitty party…in my valley.  Then I realized how much I HAD actually grown living here in this valley for the past 3 years.  I have grown spiritually and emotionally.   It’s a miracle that I am even living in the valley because rightfully I should have been homeless.  This cute little apartment is my “stones from the Jordan River”; a constant reminder of what God has done for me in the past and a glimpse of the wonderful things He has in store for my future.  So I began to praise God for this “Valley” season of my life.  Then came hurricane Sandy…

Sandy blew thru the eastern borders like nothing we’d ever seen.  My apartment is surrounded by trees and I decided to stay home this time.  I didn’t sleep a wink on Sunday night.  I was scared.  I was up praying and reading and when I did finally lay down I tossed and turned the rest of the night.  Got up Monday morning and watched Sandy roll in and was sleep by 6pm with the TV on all night; something I almost NEVER do.  I slept from6pm Monday until 6am Tuesday.  Slept peacefully thru the entire storm!  Guess what?  Living in the valley kept me safe from the storm!  All around me people were experiencing power outages and trees falling down.  I never even lost my directtv which was really unusual because that will go out if a neighbor sneezes too hard. 

So today I am truly grateful for ALL my valleys.  They really do help us to grow.  I hope you clicked the link and read the poem. 

On another note, around 2 years ago I met a gentlemen by the name of Mr. Scott.  We were watching people play tennis at the black tennis club behind my apartment.  Mr. Scott was 82 years old.  Out of nowhere he asked if I lived on Rubicon Street.   It’s actually pronounced Rubicam and I told him so.  He said well for you my dear, it is the RUBICON;  You have crossed the Rubicon.  Do you know what that means?”  I said “No.”  He told me to google it and gave me his phone number to call him after I googled it.  Which I did, but I still didn’t get it…not until today.  All I understood was that Julius Ceasar crossed the Rubicon river and started a war.  For some reason I looked it up again today and found this definition: Crossing the Rubicon - to do something which will have very important results, which cannot be changed later.  Hmmmmm.  It’s still not FULLY hitting home yet, but when it does I’ll be sure to write about it!

 

Please Support My Daughter's Generation Give Back Initiative

Peace and Blessings Family and Friends,

This year my organization, Mic Check 1-Two! , has joined Sporty Marketing and The Circle Ent in planning the 2nd Annual Inter-Communal Giveback Feast & Concert. Last year The Giveback was held in West Philadelphia at Haddington Recreation Center. They fed and clothed close to 500 people with the help of volunteers and clothing & food donations from some of YOU (remember I was driving around the city stuffing my car with trash bags full of your stuff? haha).

Hunger affects close to one million individuals in the Delaware Valley. In many and various communities throughout our region families and individuals experience food poverty and live in communities that qualify as food deserts, regions with limited access to nutritious food. Residents’ low-income status affects both the quality and amount of food that enter their homes and their acquisition of other basic needs such as clothing.

We want to help and reach even more people this year, so we are engaging people earlier and moving to a new location (TBD). Starting Election Day (11/6/12) we are collecting non-perishable food items and gently-used clothing & shoes at select Philadelphia polling places and two businesses. We will continue to collect donations at area businesses and accept donations from individuals until the day of The Giveback. Please donate - no donation is too small, if you have even one shirt, one pair of shoes or one canned good we will accept and it will help those in need!

Please help us spread the word by forwarding this email or the attached flier to your network or simply by telling someone.

Look for Mic Check's article in The Philadelphia Tribune later this week (I'll send out the link when posted).


 Mark your calendars...

  December 21, 2012
 ...we would love for all of you to be in attendance at The Giveback. If you want to volunteer your time (we'll need volunteers) or make a monetary donation, let me know.

   The day of The Giveback begins collection for Mic Check 1-Two! Prom Drive 013 (this year we're collecting suits!!)


Thank you for your continued support,
 -- Portia M Fullard
"One hundred years from now, it will not matter what my bank account was, how big my house was, or what kind of car I drove. But the world may be a little better, because I was important in the life of a child."

Safeguard your business vehicle deductions

 

When you use an automobile in your business and claim vehicle-related federal tax deductions, you typically have to follow recordkeeping rules that are more strict than the requirements for other business expenses. These tougher substantiation rules call for logs detailing the usage of the vehicle, including the date, mileage, and purpose of trips.

The substantiation rules also apply when your business owns or leases vehicles for the use of your employees. You can get copies of auto usage logs from your employees or rely on a statement from each employee as long as you know the information is based on a properly kept log.

Either way, your employee must keep the records, and you report a summarized version of the information on your business tax return, typically on Form 4562. Failure to follow the rules can mean automobile deductions are disallowed or treated as a taxable fringe benefit to employees.

In some cases, your business can qualify for a safe-harbor exception to the substantiation rules when employees use company-owned vehicles. For example, if you have a written automobile policy prohibiting all personal use of a vehicle, including commuting, and the vehicle is kept on company property when not in use, detailed mileage records may not be necessary.

Please call us for help setting up a recordkeeping system that will keep your business vehicle expenses deductible.

aconner@atconnercpa.com

Avoid payday loans

 

Most folks know the "in-between-paycheck" cash crunch. Your money runs out before the next paycheck rolls in. The car breaks down, the roof starts leaking, the daredevil child falls off his bicycle and lands in the emergency room with a broken arm. The bills need to be paid, but your bank account is running on empty.
Payday loan companies are glad to offer a solution. They open storefronts in strip malls — often in the city's poorest neighborhoods or near military bases — and may even provide access to loans via Internet websites. You can walk into a payday loan store with copies of your driver's license and current pay stub, and walk out with a check. If you apply online (providing similar proof of employment and identification), you can have funds deposited directly into your bank account, sometimes within the hour. The amount borrowed is typically due within two weeks.
But borrowing from a payday loan company is seldom a good idea. Consider these three disadvantages:

• Payday loans are extremely expensive. Taking out a cash advance on your credit card is considerably cheaper (though not recommended). A typical payday loan of $375 carries an average fee of $55. That works out to 15% interest over two weeks. Carried out to an annual percentage rate (APR), you're borrowing money at well over 300%. A typical cash advance on a credit card is around 25% APR.

• Payday loans don't address the underlying issues. Although payday loans alleviate financial stresses for a time, the causes behind those problems may remain unresolved. It's better to face financial problems head on. To bring expenses into alignment with income, it may be necessary to adjust your lifestyle or work a second job (at least until the financial picture improves).

• Payday loans can lead to a debt spiral. Loan companies make tremendous profits from repeat customers. Borrowers extend their payday loans, accumulate fees, and dig themselves into greater and greater debt. The short-term fix becomes a long-term habit. The better loan companies will try to assist you by limiting your borrowing.

If you find yourself strapped for cash, consider alternatives to payday loans. Ask family and friends for help. Work overtime or take a side job. Sell unused items. Eliminate unnecessary expenses. Contribute — perhaps only a small amount at first — to an emergency fund. Increase your earning potential by going back to school. Develop habits of financial discipline. And say goodbye to payday lenders.

aconner@atconnercpa.com

Domestic Violence Awareness Does Not End in October

Kitchen to Host Upcoming 'Mothers & Daughters Day'

PHILADELPHIA, Oct. 23, 2012 - State Sen. Shirley Kitchen, in conjunction with Community Empowerment Group, are hosting the 4th annual "Mothers & Daughters Day," a free informational event to raise awareness about domestic violence and offer resources to women in transition.

Women and young ladies ages 13 and older are invited to attend the event, which takes place on Saturday, Nov. 3, from 9:30 a.m. to 2 p.m., at the Student Faculty Center, Temple University Health Sciences Campus, 3340 N. Broad Street (corner of Broad and Ontario Sts.) Registration starts at 8 a.m. Women must register with their mother or daughter. Women are welcome to bring granddaughters, nieces, cousins and/or other female acquaintances. Metered street parking is available.

Participants will learn more about options and resources for women. There will be speakers, discussion groups, giveaways and special prizes. Continental breakfast and lunch will be served.

"The bond between women in the family, whether they are mothers and daughters, grandmothers and granddaughters, aunts and nieces, or mentor and mentoree, is extremely special," Kitchen said. "This event is meant to bring domestic violence to light and empower women and young ladies with resources and information on this issue so that they can live in a peaceful and loving environment."

Attendees will be able to take a commemorative photo of themselves between 8 and 9:15 a.m., so individuals are asked to arrive early to participate in the free photo shoot.

Registration is required. Call 267-736-8801 or register online at www.senatorkitchen.com

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Kentia Waters
Director of Communications
State Senator Shirley Kitchen's Office
1701 W. Lehigh Ave., Suite 104
Philadelphia, PA 19132
215-227-6161
Fax: 215-560-1316
kwaters@pasenate.com
http://www.senatorkitchen.com/

Domestic Violence Awareness Forum

Plan now for the tax impact of the health care law

 

Did you adopt the wait-and-see approach to tax planning this summer? With the Supreme Court decision on the health care act removing a level of uncertainty and the end of the year approaching, it’s time to stop waiting and start doing.
Here are three questions to consider.

• How will the increased medical deduction threshold affect me? Beginning in 2013, your unreimbursed medical expenses will have to exceed 10% of your adjusted gross income in order to claim an itemized deduction, unless you’re 65 or over. For your 2012 federal income tax return, the threshold is still 7.5%.
  
  Tip: Consider shifting elective medical expenses into 2012.

• Should I convert my Roth in 2012? Starting January 2013, a 3.8% tax on unearned income such as capital gains, dividends, and interest applies if your modified adjusted gross income (MAGI) is more than $200,000 ($250,000 for married filing jointly). Distributions from Roths do not increase your MAGI - but conversions do.
  
  To do: Calculate your tax exposure before year-end.

• Will the additional Medicare tax on earned income apply to me? The new 0.9% Medicare surtax takes effect in January 2013, and will apply when your compensation and self-employment income exceeds $200,000 ($250,000 when you’re married filing jointly). Your employer is only required to take your wages into consideration when withholding the tax.
  
  Result: Your estimated tax payments or withholding amounts might need to be adjusted next year.

Please call to discuss how the health care law will affect your taxes for 2012 and future years.

© MC 2012

aconner@atconnercpa.com

Home equity loans and lines of credit: Consider the pros & cons

 

It's a simple calculation. Deduct the outstanding balance on your mortgage from your home's market value. The difference is home equity. For example, if your house is worth $300,000 and your outstanding mortgage (including any other liens tied to the property) is $200,000, your home equity is $100,000. And as lenders are quick to point out, that equity represents a ready source of cash. It can be used to pay for emergencies, home improvement projects, debt consolidation, tuition payments, even a cruise in the Bahamas.

The two main vehicles for tapping your home's equity are home equity loans (HELs) and home equity lines of credits (HELOCs). With a HEL, you get the loan proceeds in a lump sum and establish payment terms (loan amount, payoff period, and interest rate). In that sense, a HEL is similar to an automobile or consumer loan. A HELOC, on the other hand, acts more like a credit card. The lender establishes a limit against which you may borrow, and the interest rate tends to be variable.
Before using the equity in your home to bolster your bank account or pay off high-interest debt, consider the following:

• A home equity loan is best used for a one-time goal, such as remodeling a kitchen. Using the proceeds for a project that increases the home's value may even pay for itself in the long run. A home equity loan provides the security of a fixed monthly payment, a stable interest rate, and a definite term (typically ten to fifteen years), making it a good choice for planning purposes. On the other hand, if your income suddenly dries up or your home's market value drops, you're still on the hook to make those payments.

• Home equity lines of credit provide more flexibility, making them useful for, say, a remodeling project to be completed over an extended period of time. You take on only as much debt as needed to complete the next step in the process. On the other hand, a line of credit's variable interest rate makes it more risky when rates are climbing. And like a credit card account, a line of credit is easy to abuse.

The decision to tap your home's equity using either of these vehicles will depend, to some extent, on your tolerance for risk. Remember, if you fail to make the required payments, your house is on the line.

Vacations: All-Inclusive vs. Seperate Food Expense

From Wallet Happy Vacations

After being stressed with life’s every day challenges, reaching the decision to take a vacation is, at most, the easiest yes you’ll ever say! After all, who wouldn’t pass up a weekend of pampering filled with spa treatment? Or, 7 whole days on the sunny beaches of the Caribbean Islands just to get away from it all? Even paying for the trip is a breeze with so many travel professionals partnering with destinations and resorts to offer unbeatable value! So you call up Wallet Happy Vacations, get your family together, book, pack and go!

Fast forward…

What happens after you’ve arrived to your destination and, after 2 days, have already spent more than $150 on just food? Yup! That seems to be the not so new but, new thing these days. Seems like where ever I go people are asking about the true benefit of booking an All-Inclusive vacation versus being surprised by the expense of food and entertainment with choosing not to have an All-Inclusive vacation.

So, the question today is: To be All-Inclusive or NOT to be?!

Before I tell you why I recommend the All-Inclusive option, allow me to provide the meaning of All-Inclusive for those who aren’t sure.

 All-Inclusive is having unlimited access to all of the amenities and food/beverage options you would otherwise have to pay separately for while on vacation. At most, the All-Inclusive resorts include some of the following under the All-Inclusive option to every guest during their stay:

·         Unlimited Meals

·         Unlimited Beverages(inclusive of alcohol)

·         Unlimited Use of in room Mini Bar

·         Unlimited Snacks

·         Unlimited SELECT Resort Non-Motorized Activities

·         Unlimited Resort Activities & Entertainment

·         Roundtrip Ground Transfers upon arrival to your destination

·         Tips & Taxes (Yes! It will include tips as well. But remember to take good care of the servers who took good care of you!)

Although I’ve traveled where the All-Inclusive added value is not offered, both, All-Inclusive and having a food expense have worked out rather well for me and my family. But, I’ll admit, the All-Inclusive vacations were the most fun and beneficial to us! Why? Well, for start, taking a teen anywhere food is is enough reason to book All-Inclusive! Besides not having to worry about the pricing of each person’s plate, there is also relentless entertainment from sun up to sun down and for all ages!  Remember, one of the concepts of the All-Inclusive option is to give people like you and I a break when it comes to having to pay for things we would paid for separately like food and activities. It’s a good idea to utilize this feature!

 Now, of course, we know the option to go without your family’s vacation being All-Inclusive could amount to as much as your monthly mortgage payment depending on how many your traveling with! Yup! It’s true.

The biggest question I ask my clients when vacation planning is, are you taking the kids? That pretty much sums it up! As a Travel Professional, I recommend that if you are taking children on vacation with you, you want to consider All-Inclusive packages or take a cruise. These options will cover all food & beverage expenses. Except for cruises where carbonated beverages are additional. Plus, with these options also comes unlimited activities and entertainment. The best thing about this is, the fee is paid upfront and incorporated in your package so there are no surprises!  

In sum, there are many options resorts will offer to you and your family to help make your vacation one that is memorable. The last thing you want is for your spending money to go on food for 7 days. Why not take advantage of your vacation and stay with resorts that will take care of you and your family including unlimited meals, beverages, snacks and entertainment? It’s a true money saver indeed!

"Leaves alot to be desired"

My mother used this phrase a lot.  This morning as I was having my usual one-sided conversation with her, reminding her of how she left too quick with so many of my questions unanswered, I ended the sentence with “that left a lot to be desired.  Now what exactly does that mean woman/!”  lol

As much as I remember hearing her say it, I never really thought about what it meant.  Like so many of her little hip quips, I just laughed and said ‘yeah okay mom.  That’s real hip.”  Not realizing at the time just how really hip her quips were…

 

Then I ended by telling her that's the way I feel about this upcoming election.  It leaves alot to be desired.

Education tax benefits can offset college costs

Planning your college course schedule is important — and so is planning for the tax benefits available to help offset the expense of paying for those courses.

For 2012, federal education tax benefits include two credits: the American opportunity credit and the lifetime learning credit. Each has different rules, and you can only take one per student in the same year.

In addition, you're limited to receiving one tax benefit from the same expenses. For example, say your employer provides educational assistance, and you use the money for qualified expenses, such as tuition. The employer-provided assistance is generally tax-free, so you do not include the expenses for which you used the money when calculating your American opportunity or lifetime learning credit.

The one-benefit rule also applies to expenses paid with scholarships, grants, or other tax-free assistance, or that you deduct elsewhere on your federal income tax return.
You can, however, claim whichever credit applies for other out-of-pocket education expenses. That's true no matter whether you pay by cash, check, credit card, or loans.

If someone in your family is headed to college this year, please give us a call. We'll help make paying for the courses a less taxing experience.

*Corporate office: 8000 Old York Road Elkins Park, PA 19027 (215) 782-8833 Fax: (215) 782-8933 Branch office: 6319 Germantown Avenue Philadelphia, PA 19144 (215) 849-0733 Fax: (215) 849-6130 E-mail: aconner@atconnercpa.com

How to cut car maintenance costs

contact: aconner@atconnercpa.com

Insurance, fuel, loan interest, maintenance, repairs, depreciation — all the expenses associated with owning and driving an automobile can take a huge bite out of your family budget. Some of these are sunk costs. Because the money's already been spent — the down payment to purchase your car, for example — such costs are irrelevant when budgeting for the future. But other costs of owning and operating a vehicle can be pared down substantially. Shopping around for a better insurance rate or discovering a station that sells cheaper gas may save hundreds of dollars over time. Being vigilant about routine maintenance is also a great way to reduce operating costs and avoid major repair bills.
To make a dent in your car maintenance budget, follow these five tips from the pros.

• Read the owner's manual. That little booklet in your glove box is full of detailed information about your car. It also includes a recommended maintenance schedule, which is more reliable than the sticker the auto shop attaches to your windshield after an oil change. If you've lost your owner's manual, maintenance recommendations for your car are often available on the Internet at websites such as www.carcare.org.

• Shop around for repairs. Generally speaking, independent repair shops tend to charge less for repairs than dealerships. But be cautious. Ask family and friends for recommendations, and don't be afraid to get several estimates. If possible, find a shop with at least one certified automobile technician.

• Change your oil regularly. Depending on your car's make and model, as well as driving conditions in your town, "regularly" will vary. Again, the owner's manual should be your first stop to determine how frequently to change lubrication fluids. How long an engine functions without major repairs is often directly correlated to how routinely the oil was replaced.

• Use cruise control. In general, driving at a constant speed improves gas mileage. You'll need fewer trips to the gas station if you keep an even pressure on the accelerator instead of lurching through town like a student driver.

• Check your tires. Another key to better gas mileage is keeping your tires properly inflated. The best place to find proper tire pressure or PSI (pounds per square inch) is on your car's door jamb. Regularly rotating the tires also helps distribute wear and tear and may keep shocks from needing replacement as often.

Participating in a Travel Club has many benefits

If you’re like me, you’ve heard all kinds of reasons why people won’t travel. From the distance of the destination to the expense, I can’t keep up with the reasons why people put off traveling.  But, after having to put off another trip in 2010 because friends & family had backed out, I decided to start my own travel club. Travel clubs are the ultimate way of meeting new people and exploring destinations you once put off because you had no one to travel with. Joining travel clubs opens doors one would have never thought otherwise! Below, I’ve listed the top 8 reasons I feel travel clubs not only broaden your likeliness to see the world, but being an active member of a travel club also exposes you to the many diverse settings us earthlings have to offer!

8 > Budget friendly when traveling in a group. Traveling with your club members can offer you lots of savings depending on when and where you are traveling to. At most, when I’ve booked my club members on group travel to the Caribbean Islands for instance, we’ve saved a nice $100 per person. That’s enough to grab a few souvenirs to tease those who backed out of traveling with you! Or even better, take the $100 and purchase an excursion!

7 > Invited to come back by city host. Well organized travel clubs whose members are on their “best behavior” are always welcomed back. Group leaders can expect friendly emails from hotel management thanking them for their business and to invite them back again. This is a plus because when you return, you’re almost guaranteed to get all group request fulfilled like room upgrades.

6 > Discover personal interest. Sometimes we think we know everything about ourselves, right? Well, uh…WRONG! Sometimes you have to be exposed to things you wouldn’t do in order to discover that you like them after all. Take snorkeling for example. Being terrified of water higher than a foot, I thought I was literally going to die in Coho Rios, Jamaica this past April when I discovered that snorkeling wasn’t so bad and that I absolutely loved it! Until this very hour, I still thank the crew for “pushing” me in the water after holding up about 20 other people who were ready to jump in the shallow end of the sea.

5> Experience places you never thought you’d go. Travel clubs open the door for endless travel opportunities. Many people seek to fulfill their bucket list while being travel club members. After all, the only reasoned they joined was to travel, right? Being a member is where you discover your interest for South Africa or Costa Rica.  These are places you’ve always turned down because you just couldn’t picture yourself being there.  

4 > Brush up on your social skills. Believe it not, being a member of a travel club also helps you brush up on social and networking skills! Meet and greets are popular in my travel clubs. Knowing how to communicate and get along with others is critical. Good social and networking skills makes it that much easier to choose travel buddies and plan your next adventure.

3 > Exposure to diversity. Knowing who else lives in the world and how they live their lives is, for many, a very high interest, hence, creating a historical and culturist traveler. As a member of a travel club, you are exposed to various cultures and backgrounds worldwide depending on where you are traveling to. Learn how to say hello in Swahili or good bye in Mandarin. How about how are you in Spanish? The locals will love you for it!

2> Make new friends and go places! Travel clubs are all about meeting likeminded people and traveling the world! I’ve met many good people since organizing my own clubs. Lots of people who live and breathe to see the world. They are passionate about traveling and are offered endless travel options as members. No matter if it’s a day trip to our nation’s capital or a 10 day journey to South Africa; you can find buddies and go!

#1 reason to join a travel club…

Endless travel opportunities. That’s right! The opportunities for travel are endless when you’re a member of a travel club! While you may not always be available to travel with the group, there are always options posted for another time. In my clubs for example, I have a large trip which consist of 7 + days and an extended weekend trip posted for each month from January to December. With over 700 club members combined with all of the clubs I organize, there are always options available and it helps keep everyone motivated to travel.

Next time you have the travel bug but your friends don’t, find a travel club and join in on the fun of exploring the world! I invite you to join me and my travel clubs on meetup.com. Below is a list of the clubs I organize and the requirements to join. 

The Philadelphia Single Travelers Connection- Designed especially for those who don’t like traveling alone and who are trying to avoid single rate travel fees. Age requirement is 25 and older. Meet & Greets are held every 4^th weekend. To join us, follow the link > http://www.meetup.com/The-Philadelphia-Single-Travelers-Connection/

The Philadelphia Travel Club – Designed to bring those who live in or near Philadelphia together through travel. The group focuses on seeing the world with endless possibilities. Open to ages 25 and older. To join us, follow the link > http://www.meetup.com/travel-596/

The Globe Trotting Ladies of Philadelphia – Especially designed for women aged 35 years and older. The group focuses on women whose passion is to travel, but fear having to travel with those who aren’t peers. Believe it or not, many people won’t travel with someone who is 5 + years younger than them because they feel the experiences won’t have meaning. This group is new and has a focus of bringing together women who are passionate travelers and who are within the same age bracket, whether it’s a group of 35 year olds or 50 years old, either way, we’re focused on bringing age together through travel.  To join THE GLOBE TROTTING LADIES OF PHILADELPHIA, Click Here!  

The next time your travel desire is turned down, travel with us!

Anita Byers, CEO

Wallet Happy Vacations

CANCER FIGHTING FOODS, HERBS & SPICES

The National Cancer Institute estimates that roughly one-third of all cancer deaths may be diet related. What you eat can hurt you, but it can also help you. Many of the common foods found in grocery stores or organic markets contain cancer-fighting properties, from the antioxidants that neutralize the damage caused by free radicals to the powerful phytochemicals that scientists are just beginning to explore. There isn't a single element... in a particular food that does all the work: The best thing to do is eat a variety of foods.

The following foods have the ability to help stave off cancer and some can even help inhibit cancer cell growth or reduce tumor size.

AVOCADOS are rich in glutathione, a powerful antioxidant that attacks free radicals in the body by blocking intestinal absorption of certain fats. They also supply even more potassium than bananas and are a strong source of beta-carotene. Scientists also believe that avocados may also be useful in treating viral hepatitis (a cause of liver cancer), as well as other sources of liver damage.

CRUCIFEROUS VEGETABLES - broccoli, cauliflower, kale, Brussels sprouts, and cabbage contain two antioxidants, lutein and zeaxanthin that may help decrease prostate and other cancers.

Broccoli, cabbage, and cauliflower have a chemical component called indole-3-carbinol that can combat breast cancer by converting a cancer-promoting estrogen into a more protective variety. Broccoli, especially sprouts, also have the phytochemical sulforaphane, a product of glucoraphanin - believed to aid in preventing some types of cancer, like colon and rectal cancer. Sulforaphane induces the production of certain enzymes that can deactivate free radicals and carcinogens. The enzymes have been shown to inhibit the growth of tumors in laboratory animals. However, be aware that the Agriculture Department studied 71 types of broccoli plants and found a 30-fold difference in the amounts of glucoraphanin. It appears that the more bitter the broccoli is, the more glucoraphanin it has. Broccoli sprouts have been developed under the trade name BroccoSprouts that have a consistent level of sulforaphane - as much as 20 times higher than the levels found in mature heads of broccoli.

Studies show that consumption of GREEN AND YELLOW LEAFY VEGETABLES has been associated with lower levels of stomach cancer.

CARROTS contain a lot of beta carotene, which may help reduce a wide range of cancers including lung, mouth, throat, stomach, intestine, bladder, prostate and breast. Some research indicated beta carotene may actually cause cancer, but this has not proven that eating carrots, unless in very large quantities - 2 to 3 kilos a day, can cause cancer. In fact, a substance called falcarinol that is found in carrots has been found to reduce the risk of cancer, according to researchers at Danish Institute of Agricultural Sciences (DIAS). Kirsten Brandt, head of the research department, explained that isolated cancer cells grow more slowly when exposed to falcarinol. This substance is a polyacethylen, however, so it is important not to cook the carrots.

CHILI PEPPERS and JALAPEÑOS contain a chemical, capsaicin, which may neutralize certain cancer-causing substances (nitrosamines) and may help prevent cancers such as stomach cancer.

FIGS apparently have a derivative of benzaldehyde. It has been reported that investigators at the Institute of Physical and Chemical Research in Tokyo say benzaldehyde is highly effective at shrinking tumors, though I haven't seen this report. In addition, the U.S. Department of Agriculture says figs, which contain vitamins A and C, and calcium, magnesium and potassium, may curtail appetite and improve weight-loss efforts. Fig juice is also a potent bacteria killer in test-tube studies.

FLAX contains lignans, which may have an antioxidant effect and block or suppress cancerous changes. Flax is also high in omega-3 fatty acids, which are thought to protect against colon cancer and heart disease. See Budwig diet for a specialized diet using flax seed oil and cottage cheese. For studies about flax seed and flax oil, go to our Important News or Archives Page.

GARLIC has immune-enhancing allium compounds (dialyl sultides) that appear to increase the activity of immune cells that fight cancer and indirectly help break down cancer causing substances. These substances also help block carcinogens from entering cells and slow tumor development. Diallyl sulfide, a component of garlic oil, has also been shown to render carcinogens in the liver inactive. Studies have linked garlic — as well as onions, leeks, and chives — to lower risk of stomach and colon cancer. Dr. Lenore Arab, professor of epidemiology and nutrition at the UNC-CH (University of North Carolina at Chapel Hill) schools of public health and medicine and colleagues analyzed a number of studies and reported their findings in the October 2000 issue of the American Journal of Clinical Nutrition. According to the report, people who consume raw or cooked garlic regularly face about half the risk of stomach cancer and two-thirds the risk of colorectal cancer as people who eat little or none. Their studies didn't show garlic supplements had the same effect. It is believed garlic may help prevent stomach cancer because it has anti-bacterial effects against a bacterium, Helicobacter pylori, found in the stomach and known to promote cancer there.

GRAPEFRUITS like oranges and other citrus fruits, contain monoterpenes, believed to help prevent cancer by sweeping carcinogens out of the body. Some studies show that grapefruit may inhibit the proliferation of breast-cancer cells in vitro. They also contains vitamin C, beta-carotene, and folic acid.

RED GRAPES contain bioflavonoids, powerful antioxidants that work as cancer preventives. Grapes are also a rich source of resveratrol, which inhibits the enzymes that can stimulate cancer-cell growth and suppress immune response. They also contain ellagic acid, a compound that blocks enzymes that are necessary for cancer cells - this appears to help slow the growth of tumors.

KALE has indoles, nitrogen compounds which may help stop the conversion of certain lesions to cancerous cells in estrogen-sensitive tissues. In addition, isothiocyanates, phytochemicals found in kale, are thought to suppress tumor growth and block cancer-causing substances from reaching their targets.

LICORICE ROOT has a chemical, glycyrrhizin, that blocks a component of testosterone and therefore may help prevent the growth of prostate cancer. However, excessive amounts can lead to elevated blood pressure.

MUSHROOMS. There are a number of mushrooms that appear to help the body fight cancer and build the immune system - Shiitake, maitake, reishi, Agaricus blazei Murill, and Coriolus Versicolor. These mushrooms contain polysaccharides, especially Lentinan, powerful compounds that help in building immunity. They are a source of Beta Glucan. They also have a protein called lectin, which attacks cancerous cells and prevents them from multiplying. They also contain Thioproline. These mushrooms can stimulate the production of interferon in the body.

Extracts from mushrooms have been successfully tested in recent years in Japan as an adjunct to chemotherapy. PSK is made from the Coriolus Versicolor. Maitake mushroom extract is PCM4.

NUTS contain the antioxidants quercetin and campferol that may suppress the growth of cancers. Brazil nut contains 80 micrograms of selenium, which is important for those with prostate cancer. (Note: Many people are allergic to the proteins in nuts, so if you have any symptoms such as itchy mouth, tight throat, wheezing, etc. after eating nuts, stop. Consider taking a selenium supplement instead or work with someone on how to eliminate this allergy.)

ORANGES AND LEMONS contain Iimonene which stimulates cancer-killing immune cells (lymphocytes, e.g.) that may also break down cancer-causing substances.

PAPAYAS have vitamin C that works as an antioxidant and may also reduce absorption of cancer-causing nitrosamines from the soil or processed foods. Papaya contains folacin (also known as folic acid), which has been shown to minimize cervical dysplasia and certain cancers.

RASPBERRIES contain many vitamins, minerals, plant compounds and antioxidants known as anthocyanins that may protect against cancer. According to a recent research study reported by Cancer Research 2001;61:6112-6119, rats fed diets of 5% to 10% black raspberries saw the number of esophageal tumors decrease by 43% to 62%. A diet containing 5% black raspberries was more effective than a diet containing 10% black raspberries. Research reported in the journal Nutrition and Cancer in May 2002 shows black raspberries may also thwart colon cancer. Black raspberries are rich in antioxidants, thought to have even more cancer-preventing properties than blueberries and strawberries.

RED WINE even without alcohol, has polyphenols that may protect against various types of cancer. Polyphenols are potent antioxidants, compounds that help neutralize disease-causing free radicals. Also, researchers at the University of North Carolina's medical school in Chapel Hill found the compound resveratrol, which is found in grape skins. It appears that resveratrol inhibits cell proliferation and can help prevent cancer. However, the findings didn't extend to heavy imbibers, so it should be used in moderation. In addition, alcohol can be toxic to the liver and to the nervous system, and many wines have sulfites, which may be harmful to your health. Note: some research indicates that alcohol is considered a class "A" carcinogen which can actually cause cancer - see http://www.jrussellshealth.com/alccanc.html. You should probably switch to non-alcoholic wines.

ROSEMARY may help increase the activity of detoxification enzymes. An extract of rosemary, termed carnosol, has inhibited the development of both breast and skin tumors in animals. We haven't found any studies done on humans. Rosemary can be used as a seasoning. It can also be consumed as a tea: Use 1 tsp. dried leaves per cup of hot water; steep for 15 minutes.

SEAWEED and other SEA VEGETABLES contain beta-carotene, protein, vitamin B12, fiber, and chlorophyll, as well as chlorophylones - important fatty acids that may help in the fight against breast cancer. Many sea vegetables also have high concentrations of the minerals potassium, calcium, magnesium, iron, and iodine.

SOY PRODUCTS contain several types of phytoestrogens — weak, nonsteroidal estrogens that could help prevent both breast and prostate cancer by blocking and suppressing cancerous changes. There are a number of isoflavones in soy products, but research has shown that genistein is the most potent inhibitor of the growth and spread of cancerous cells. It appears to lower breast-cancer risk by inhibiting the growth of epithelial cells and new blood vessels that tumors require to flourish and is being scrutinized as a potential anti-cancer drug. However, there are some precautions to consider when adding soy to your diet. Eating up to 4 or 5 ounces of soy a day is probably ok, but research is being done to see if loading up on soy could cause hormone imbalances that stimulate cancer growth. As a precaution, women who have breast cancer or are at high risk should talk to their doctors before taking pure isoflavone powder and pills, extracted from soy.

SWEET POTATOES contain many anticancer properties, including beta-carotene, which may protect DNA in the cell nucleus from cancer-causing chemicals outside the nuclear membrane.

TEAS: Green Tea and Black tea contain certain antioxidants known as polyphenols (catechins) which appear to prevent cancer cells from dividing. Green tea is best, followed by our more common black tea (herbal teas do not show this benefit). According to a report in the July 2001 issue of the Journal of Cellular Biochemistry, these polyphenols that are abundant in green tea, red wine and olive oil, may protect against various types of cancer. Dry green tea leaves, which are about 40% polyphenols by weight, may also reduce the risk of cancer of the stomach, lung, colon, rectum, liver and pancreas, study findings have suggested.

Tapioca is derived from the CASSAVA plant. It is one of the many plants that manufactures cyanide by producing a chemical called linamarine which releases hydrogen cyanide when it is broken down by the linamarase enzyme. Spanish researches have been studying the cassava and attempting to clone the genes from the plant which are responsible for producing the hydrogen cyanide and then transfer it to a retrovirus. However, funding for the project has run out. http://news.bbc.co.uk/hi/english/health/newsid_317000/317467.stm for more information on this.

TOMATOES contain lycopene, an antioxidant that attacks roaming oxygen molecules, known as free radicals, that are suspected of triggering cancer. It appears that the hotter the weather, the more lycopene tomatoes produce. They also have vitamin C, an antioxidant which can prevent cellular damage that leads to cancer. Watermelons, carrots, and red peppers also contain these substances, but in lesser quantities. It is concentrated by cooking tomatoes. Scientists in Israel have shown that lycopene can kill mouth cancer cells. An increased intake of lycopene has already been linked to a reduced risk of breast, prostate, pancreas and colorectal cancer. (Note: Recent studies indicate that for proper absorption, the body also needs some oil along with lycopene.)

TURMERIC a member of the ginger family, is believed to have medicinal properties because it inhibits production of the inflammation-related enzyme cyclo-oxygenase 2 (COX-2), levels of which are abnormally high in certain inflammatory diseases and cancers, especially bowel and colon cancer. In fact, a pharmaceutical company Phytopharm in the UK hopes to introduce a natural product, P54, that contains certain volatile oils, which greatly increase the potency of the turmeric spice.

Consumption of FRUITS AND VEGETABLES has been associated with decreased risk of cancers of the colon and rectum.

There are many good books on this topic, including Vern Verona's book on "Cancer Fighting Foods."

Source: cancure.org

Where are our black leaders?

When I was a little girl, my parents were very Afro centric.  They were pretty cool in the 70’s with their afros and were always up with the fashions of the time.  More importantly, they were socially conscious and I often found myself in the midst of some heated conversations about what was going on in the 70’s – politically, socially and economically.  We were far from rich, but we never missed a meal, always had fun things to do and even received a weekly allowance.  My mom always said we were poor but her kids would never know it – and we didn’t.

My mom was very politically active and “up with the people”.  She was always at the forefront of voter registration drives and anything that had to do with the city workers union,  that’s where you could find her.   She had a burning passion for justice and equality for all people.  So at an early age, I decided that when I grew up, I was going to be a Black Panther or work for the NAACP or some other “black” organization where I would work hard to help black people obtain the equality that America promised to all of its citizens

When I became a teenager and was forced by my mother to attend a predominantly white catholic school I couldn’t believe it!  Here this racially conscious, dare I say even “radical” black woman who raised me that way is making me go to the white institution?   The same institution where I had attended a fun fair kinda thing with my older brother (who attended that institution at the time) and my cousins, only to be put off the premises by the priest because of an altercation between my brother and male cousins and some sloppy looking white football players who were clearly plastered!  That didn’t matter.  Another thing about my mother:  when she decided on something that was it.  Period.  So off I went for 4 years at a predominantly white institution where I learned that while not  all white people were not mean and nasty towards blacks, racism and prejudice were definitely still alive and kicking in the late 70’s and early 80’s.  I had a hard time during those 4 years, but somehow still managed to graduate with 2^nd honors, but was always on disciplinary probation; mostly because of my outspokenness.

The years went by – 80’s, 90’s and by now, I’m a mommy myself.  On the surface, it appeared that blacks had progressed, but when you pulled back a layer, you could still see major disparities in the areas of employment, health, education, access to healthy food, etc..  Even if you were employed there was still a disparity in the income level of blacks vs. whites.  Even if you were blessed to live near a supermarket, there was still disparity in the quality of food sold.  None of this affected me directly.  I lived a sheltered life that was primarily focused on raising my children.  I drove all over and shopped all over, just like my mother before me.  Blacks were in good political positions in where I lived (Philadelphia, PA) Blacks were beginning to open and operate their own businesses.  Life around me personally was good.   It really wasn’t until I ventured back into corporate America that racism and prejudice knocked me clear upside my head again – and it was now the dawn of a new millennium.

Usher in the year 2000 – the year when the most controversial presidential election of the U.S. occurred and ended with a questionable win (or steal) by George W. Bush.  Where were our black leaders and organizations?  I can’t remember hearing too much from them then.  My ex-husband and I were running a pretty successful construction company and my life was full.  Then…we began to feel racism at it’s best.  Ain’t nothing BUT racism in the construction industry - from the bottom to the top -  and boy oh boy did I get it up close and personal.

By now my passion for wanting to work for one of those organizations had begun to resurface.Long gone was Cecil B. Moore.  David P. Richardson had also been laid to rest.  These were two of my favorite local political heroes.  I’ve not had one since Dave Richardson.  There was no place for us to turn to help us with the economic murder plot that we were experiencing.  Everyone had pretty much sold out or just got out.

In 2001 I found myself working at the African American Chamber of Commerce of PA NJ and DE.  It was my dream job.   It was a place where I had a chance to meet people from all walks of life and where I felt I was making a difference in my community, city and world.  We worked with grassroots organizations and even successfully boycotted the Philadelphia Daily News because of their unfair news coverage of blacks.  II even got to work together with other “black organizations” and leaders and it was a good feeling.

2012.  We now have a President whose skin color and half of his ancestry hails not from a European descent.  The disparities are still there and may be even worse than before.   Where are our black leaders and organizations?  They haven’t gotten together with and agenda to present to the president to address the issues that are relevant to us.  Then when someone questions them their response is “He’s president of ALL U.S. citizens; not just blacks.”  WTH?  It’s beginning to sound like a pre-recorded and embedded message that they’ve been programmed to say.  Even the first POTUS must be wondering where our black leaders are.  He surly didn’t think they were at the most recent NAACP convention because he didn’t even bother to attend. 

And if our black leaders were not at the NAACP convention; the convention hosted by ( I think) the oldest black organization in these United States; and organization whose mission is "to ensure the political, educational, social, and economic equality of rights of all persons and to eliminate racial hatred and racial discrimination".  If our black leaders weren’t there, then where are they???

Today, the little girl in me is sad.  Sad that there are still so many disparities in existence.  Sad that is still a need for black leadership.  But most of all she is sad about the lack of leadership among her people.

Interesting articles on this topic:

Black Agenda Has Fallen By The Wayside.
Making The Results Match the Rhetoric.