In theory, it would stand to reason that generating passive income should be a one-man effort: rolling up your sleeves and getting down to business (but without putting in the elbow grease, because this is supposed to be passive after all). Taking risks upon yourself and likewise reaping the benefits on your own. But passive- income advice content is frequently marketed with byproducts to buy. In other words, there’s always a catch in order to move forward; a first step to take that involves some kind of purchase.

The report titled, “African-American Women: Our Science, Her Magic,” was released by Nielsen during the Congressional Black Caucus Foundation’s annual legislative conference; it revealed that African-American women’s consumer preferences and brand affinities are resonating across the mainstream culture, driving total Black spending power toward a record $1.5 trillion by 2021.

Maybe money can’t buy love, as the saying goes, but if recent trends in the world of philanthropy are any indication, it can, in many cases, buy absolution from a host of sins. How so? When oil companies such as BP or Exxon create environmental havoc, their go-to response is usually to donate money to pliant conservation organizations.  They then take ads out in national newspapers such as the New York Times, The Wall Street Journal, or USA Today touting their donations. 

Whites had an average wealth of $632,000 in 2010 while Blacks had about $98,000 and Hispanics had $110,000, according to a recent study by the Urban Institute. “Such great wealth disparities help explain why many middle-income Blacks and Hispanics haven’t seen much improvement in their relative economic status and, in fact, are at greater risk of sliding backwards,” the report says.