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8A STRICTLY BUSINESS/The Charlotte Post March 14, 1996 Heritage House expansion planned by owner Continued from page 7A feet on two levels, Wilson said. The first level is devoted to gift items and home accessory items, prints, custom framing, while the second level is devoted to children’s items, what she calls “attic trea sures” and books. In addition to Wilson, there’s a full-time employee and three part-time employees who work on weekends. “I started with zero,” Wilson said. “I started with me, my brother, my niece and my two children.” “The biggest challenge is juggling all the balls,” Wilson said. “At any given time I could be cleaning a bathroom. stocking the shelves or talking to suppliers or learning the computer to actually process accounts payable. Trying to stay on top of all the balls that have to be juggled.” Wilson hopes to open more Heritage Housfe shops. “My vision is larger than one store,” she said. “Most retail stores that are successful-are larger than one store. She said another store could open in about 18 montl;.-?. “I want Heritage House to be a household name, known for quality and pricing, but cater ing to a market that appreci ates diverse products.” Culture believes in credit shopping Continued frompage 7A widespread availability of consumer loans in this coun try and changing demo graphics are largely respon sible for America's indebted ness. “The people who were com ing of age during the 1930s formed an attitude about saving that you don’t go into debt ... You don't know what's going to happen next. You save for a rainy day," Meredith said, noting that generation witnessed the 1929 stock crash and suf fered through the Great Depression. “Contrast them to the early Baby Boomers who came of age from 1963 to 1972. The stock market is still going straight up, unemployment is low, the economy is growing. They feel like there’s always going to be something good around the comer so you don't have to save. “That was even more preva lent for the group who came right behind them ... those who came of age from 1973 to 1984. They were influenced by the oil shock of the period, inflation running at 18 per cent. For them, debt made economic sense that became ingrained in them." Durant Abemethy, president of the National Foundation for Consumer Credit, also blames the greater acceptance of materialism, particularly among Baby Boomers who now comprise 42 percent of the nation's population. “Years ago, people only went into debt for large purchases or made installment payments on appliances at department stores," said Abemethy, whose group counseled 816,000 indi viduals last year in 1,100 offices nationwide, nearly five times higher than 10 years ago. “It's keeping up with the Joneses," agreed Patricia Duran, a Phoenix librarian, who recently turned to credit counseling to handle $47,000 in accumulated credit card debt. “Even when you go to church you see people getting all dressed up. They need to look sharper, better than the others." Most people can handle cred it responsibly, but some may borrow to compensate for a job loss, medical emergency, divorce, or poor money man agement. 'They could find themselves using credit to supplement their incomes. “That can get people in big trouble over a period of time," Abemethy said. SUPPORT OUR ADVERTISERS! BUY BLACK!!!!! Black memorabilia collected, sold Continued frompage 7A some of the items weren't meant to be racist. He reminds her also of games in which darts were to be thrown at black faces, and black boys were pictured with watermel on. “Blacks were not popular in the 1920s and 1930s," he says. “I think the (items) were derogatory. I think today we've made them collectible." White people aren’t the only collectors of black memorabil ia. The O'Learys have black friends who collect to preserve their history, but say some won't allow the most racist items in their homes. Jack Graham of Kennebunk collected until he got priced out of the market. "The thing that amazed me as time wore on was how it went from almost an under-the-counter thing to people sticking it out in front and putting big dol lars on it," he says. Graham eventually auc tioned off his lawn jockey because he didn't want his grovring children who invited black friends to their birthday parties to become entangled in the issue of whether black col lectibles are racist. “Some of it is obviously demeaning," says Graham. “I can see why some people are offended, and I can under stand the beauty of a piece. ... Many times what attracted me was colorful stuff." Graham especially likes paintings of black life after the turn of the century, but says he hasn't collected in a decade. Tony Cohutt, who co-owns Antiques USA with Ron Koocher, says black memora bilia came into vogue in the late 1800s. Slavery was abol ished in the U.S. territories by Congress in 1862. Financial Services (Computerized Services For Businesses, Organizations And Individuals) TAXPREPARATION • Set Up and Maintain Accounting Systems • Prepare Financial Statements, Payrolls And Tax I^rts • Training Accounting Office Personnel • • Secretarial Service • Copy Service • Electronic Tax Filing • • PRE-TAX PLANNING FOR 1997 • 1021 B Beatties ford Road • C^harlotte, (704)377-4288 157 East Main Street, Suite 401 • Rock Hill, SC (803)324-2107 Fund purchases always should be diversified Continued from page 7A mutual fund. But resist that temptation. Mutual funds, by definition, provide diversity, so a better strategy may be to buy more of a successful fund you already own. There are advantages to buying a fund you know rather than adding a hot fund you may not know anything about. You already know how your fund is run and what kind of risk it entails. All too often, a new, heavily adver tised fund comes with surpris es. The same extreme approach that made it such a hot number can turn it cold quickly if market conditions turn. Consider using the pro ceeds from eliminating a weak fund to invest more in a proven winner. Sell funds that have challged strategies When you bought your mutual fund, you probably chose one with an investment strategy that matched your own. If that fund's strategy has changed, it may be time for you to look for a new ' mutual fund. Funds can change managers, names, strategies, and often all three. Do a little home work. 'What is the background of the new manager? Does he or she have a strong track record.' Is he or she looking to change the strategy of the fund? You may find that the new manager passes muster. If not, a wait-and-see approach may still make sense. Has the name of the fund changed? Does the new name reflect a new strategy? If you liked the old strategy, this is not good news. Other things to consider are a challge in the f md's size, or new ownersllip. It may be time for you to move on. CHARLES ROSS is host of the nationally syndicated radio program, "Your Personal Finance." INTER DOMESTIC SATES Gmports and U.S. Made Wholesale) ' Handbags ' Watches / Clocks Human Hair / Braid etc. Telephones / Answering Machines Fashion Clothes Name Brand Shoes Toys Jewelry Incense / Perfumes Radio Alarm Clock African Clothes (Original Materials) Dollar Items General Merchandise -s SJ'j A' We are No. 1 telephone 4707 North Tryon St. Charlotte, NC 28213 Phone: (704)596-1472 Fax: (704)399-5111 We Ship UPS Nationwide Divorce requires attention to taxes Continued from page 7A pay s it, and taxable to the recipient. Head of household A custodial parent may quali fy for "head of household " filing status, which entitles him or her to lower tax rates than those for single taxpayers or for married people filing sepa rately. To qualify for this sta tus on a 1995 return, the par ent must be unmarried on Dec. 31, 1995, and must have paid more than half the cost of maintaining his or her own home for the year. Furthermore, the child must have lived in the home for more than half the year. Earned income credit Tlie earned income credit is available to low income work ers who earn less than a speci fied amount - for 1995, $24,396 for a taxpayer with only one "qualifying child" and $26,673 for a taxpayer with more than one "qualifying child." Child support is not considered income for this pur pose. For years after 1995, the credit may be lost if the tax payer's investment income exceeds a certain amount. If you need additional informa tion, consult a CPA or refer to IRS Publication 504, Tax Information for Divorced or Separated Individuals. For a free copy, call (800) TAX- FORM or obtain one from the local IRS office. LONG & SON MUTUAL BURIAL ASSOCIATION, INC. FINANCIAL REPORT, PERIOD ENDING 12/31/1995 BALANCE DECEMBER 31, 1995 $45 321 90 RECEIPTS $3,758.51 Total Receipts $49,080.41 DISBURSEMENTS Miscellaneous expenses $537.98 Total disbursements $2,041.58 BALANCE TO BE ACCOUNTED FOR $47,038 83 ASSETS: Cash in banks $47 083 83 UABIUTIES Total liabilities $800.00 SURPLUS $46,238.83 Number of assessment.s during year 12, Membership in good standing at close of books 12-31.95 399, I hereby certify that the information giv-en in the foregoing report is true and correct to the personal knowledge of the undersigned SUBSCRIBED AND SWORN TO BEFORE ME this 29th day of February 1996. Patrice Dixon, Notary Public my commission expires 4/30/2000 OFFICERS President ■ Lemuel Vaughn v. President - Louie B. Davis Secretary/Treasurer - Lem Long, Jr. Directors: Eddie V. Long, Louie B. Davis Elncter Long, Bleatha Vaughn %Zt'B Bo ##♦# Call one of our professional representatives to help market your business, profession or event in the publi cation that produces results and keeps you in touch. • StrictlyBusiness, Designed to Profile Minorities in Business and Minorities Successful Within Majority Corporations. • Healthy Body/Healthy Mind, Designed to Keep You Abreast of Current Health Issues, Concerns and Preventions. • The Post, Designed and Dedicated to the concerns of the Black Coi?imunity. FRANFARRER , Advertising & Marketing Director & General Sales Call: (704) 376-0496 or Fax: (704) 342-2160 JERI Assistant Sales Manager & Automotive Specialist Prime Spots Still Available In The 1996 BLACK GUIDE CALL TODAY! PAT Healthy Body/Healthy Mind Specialist CARLOS StrictlyBusiness Specialist & Rock Hill Account Executive BOB General Manager & Account Executive Don’t Miss The Charlotte Post Special WEDDING EDITION March 28, 1996 "Put Your Business On Display, Call Today!
The Charlotte Post (Charlotte, N.C.)
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March 14, 1996, edition 1
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