Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / Jan. 29, 1987, edition 1 / Page 21
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The time is - :By JAMES NATHAN ^Syndicated Columnist : WASHrNGTON - Whether ^you earn $10,000 or $100,000 a ;year, now is the time to make 'your move for financial in> dependence. - The first step in this direction is - *? pviiuuio ii o?v a u avtiagt ui higher, compared to 24 percent at predominantly white schools. Allen's survey further showed that student satisfaction is higher and adjustment to college life is easier for blacks on black campuses." Davis said his generalization supports the hypothesis that athletes at major universities must have predictors higher than the general student body to graduate due to the extra demands of varsity athletics. If you are black, he said, the predictor must even be higher. Davis said some other examples support his evidence. For instance, a poll conducted by USA Today found that Tennessee State, a historically black Division I school, had the highest graduation rate of any Division I school in the state of Tennessee for athletes. This shows that the academic demands on Division I-type black athletes are best handled at historically black schools, Davis said. Athletes with less than a 2.0 predictor are usually categorized as high-risk students who should be entrusted into the hands of experts, Davis said. Since black schools have for years specialized in educating individuals who would not normally go to college, they can readily provide the environment and experience to help such students to excel, Davis said. "If you are highly skilled with outstanding athletic ability and do not have the desirable * fcv niaivc mc dcsi use or your current income. With this motive in *tnind, we offer the following ; money-saving tips for 1987: i -v - Reduce your taxes. There has ;been a lot of talk about the new tax law. While the law does not change your tax burden as dramatically for the better as : some would have you believe, you should nevertheless fully understand how to use the law to :keep more of your income from the tax man. There are many publications * available on this subject. Search local bookstores and your public library. Shop less often and buy in : quantity. This is an especially good practice when buying food. It simply does not pay to buy at regular ' prices. There are too many sales iSports Outlc Scholastic Aotitude Test scnres Moreover, student-athletes at historically black schools accounted for 76 percent of the graduating blacks, even though students at the black schools had predictor scores a third of a point below the average tor Division II graduates. Similar figures were found in Division III. Eigfity-one~petcenF~ of the black graduates attended historically black schools with potentials of 2.03, while the was 2.2. 4 The Border Line 4 ; THE STUDY found that high School athletes with a predictor of less than 2.8 ought to shy away from applying to or being tecruited by Division I schools. If you are black with less than a 2.8 ' :predictor and want to graduate, J the percentages are in your favor ;io enroll at a historically black Ischool, Davis said. ' "Supporting this evidence is a ;recent survey by Dr. Walter Allen, a University of Michigan sociology professor," Davis said. "Allen found that 34 percent of the students at historically black nVinnl r ViotiA o ?!>? Oi r r*/?A right ton available. Plus, you would be surprised at the number of items you can buy in bulk. However, watch out for waste. Often when there is a lot of something in sight, there is a tendency toward . waste. And remember that the more often you shop, the more likely it is you will buy things you don't actually need. , As far as housing is concerned - buy, don't rent. If you have decided to make a particular city your home, you are simply throwing away money by renting. Rent goes into the landlord's pocket. Mortgage payments go toward equity. In other instances where renting or buying is the option, you should base your decision on this axiom: If it increases in value, buy it; if it decreases in value, rent or lease it. Stay healthy by eating in moderation and exercising regularly. This is the single best way to reduce medical cost$? Regular exercise keeps you youthful, healthy and alert. As far as food 4* concerned, forget >ok From Page academic predictor, but feel that you can excel at the collegiate level if surrounded by an environment that is conducive to learning," he said, "the historically black college has many years of experience in working with this type of individual." The study's results also noted that students participating in varsity athletics put in an average of 2.7 hours per day more time with college-related activities than their non-athletic counterparts. Davis defined college-related activities as required and unrequired academic endeavors (attending classes, seminars and meetings, as well as studying). V The Ticket MOREOVER, Davis said student-athletes tend to achieve more academically than nonathletic students of similar academic ability. "AthleticsV^when properly organized, is an integral part of the total education process," "Used Can You Can Count 1985 CAPI ESTATE Wi : Loaded, Like h S10,5 r r 1978 CAM A V8, 4-spd., A< s329l 7806A 1986 CAPRICE 4-dr., V-8, 23,000 7408A Easy to set to, jl ^ 1-40 at W. 4th and in Wmston-Sah historic West t lake your r the experts for one moment and instead remember what mama told you: "Moderation is the best policy." Moderate food consumption will improve your health and reduce your grocery bill. Start an income-producing business. If you are not already self-employed, it is best to start a hucinMc wimuivn ui JUUL utrllf cvcil II 11 IS only on a part-time basis. That "business" can be as simple as sponsoring monthly financial seminars or weekly parties or making crafts at home to sell to friends. Give some thought to turning your hobby into a business. Business ownership offers a triple benefit. First, you will keep more of your current income because business tax breaks are tremendous. Second, you will increase your income. The third benefit can be understood by remembering the adage: "Nobody ever got rich by working for someone else." Start a disciplined savings plan. You should be saving 10 ^ it pcrccni 01 your income. HMNIIIIIIIIIHIIINIUIINUniinUIMIIIIIINMIIIIIIIIIIIIIIIII B1 Davis said. "Most feel that sports provide experiences that are symbolic of the American way of life." For black athletes, Davis said, the choice of a college is crucial. "Too often- the only ticket black kids have for entering doors^hat will admit* them to a abetter way-of4ife4s^heir-athletteability," he said. "This ticket is too valuable to be taken lightly.'' Davis was disappointed last month when the NCAA voted to extend Bylaw 5-1-0) (Proposition 48) to Division II in 1988. The U..I !? J * uyiaw scis minimum acaaemic requirements for incoming freshmen of 700 on the SAT and a 2.0 grade-point average. Division II schools can't afford to spend money on scholarship athletes who lose a year of eligibility, he said, while most Division I schools can. Therefore, the rule is not fair. "The rich get richer and the poor get poorer," Davis said. M if-% > yoL RICE 1986.CAVAL AGON V6, Loaded, 40( lew^Jan s14 00 9675A j ijpjfsERlES 676 RO LT 1985 CAVi C, Red Hatchback, Su 5_ |, tfL'6! CLASSIC 1986 C Miles, Gray V8, AT, AC, W PfC*'? _ yfc . l? lit off _ . , ' Broad V#ML tmt WM r nd uuve tur mi o There is only one way to accomplish this on a consistent basis: Pay yourself first. If you wait to save until after you have paid all your bills, you will never save! Reduce your use of credit and keep a sharp eye open for sales. From a strictly business point of view, the only sound reason to QIkM IX>MJ<?? ?K 'o1 ttnj B'unvv Qq&nrto' **r**<>tW Tf \mm kODER USED CARS I CAN COUN1 .IER CONV. 1984 MC X) Miles, Black V8, T-Top, 2( 995^ ^ * 3A SERIES M.IER T10 S 1982 C n Roof, Sporty Glass Top kA f" ufo ?i; I4A AMARO 1981 BUI 14,000 Miles 4.,jr \ 995 " 521A iSBEl Chevrolet t Can't Beat a Downto L US TODAY t Fourth & Broad, Winsti l The Chronicle, ) hui <? t lancial indej go into debt is when you can use l the borrowed money to make i even more money. In addition, there are certain major purchases which require the use of credit. ^Otherwise, too ipuch reliance on credit can he a tran similar tr% ? - w mmm^w W ? ?* ??|/ WUAt??Ml ?V 1 the predicament of the monkeys in the movie "The Wiz," who sang this refrain: "You can't i win; you can't break even and / LX FLAP GUI ( GREAT TIME ' I "LITTLE BROTHE \ THINKINGABOUT \ BIG BROTHER NO FEATURES RIM \ri k? J \l?-| P The MOOCMN CHiVWOL 1 Cm Check*# n our prom h^l AppeMsnce items meet I ^ VHt re so confident of MOO RN CHEVROLET ttH I hnr>>ri1 ?*? V?wwihi, n component essemtw?rs (Protection tor r on1 ssrsi r vn# ihtw^tto MSdMMtM Car wKtudtd) )NTE CARLO 1985 B 3,000 Miles, Brown Lot 7995 , ,s7201 * -^/^StRIES CORVETTE I I 198 s, Blue & Silver 4-dr., V? 2,995 710BB v ^7SERIES CK CENTURY 1383 ? ^6, AC, Silver 7, ? V-P 2995 s 69486 filial m i wn Deal" 722-4197 MvSatom A rsday, January 29, 1967-Page 85 jendence you can't get out of the game." Save and shoD for sales. Constantly search for ways to increase your income. Do not spend too much of your life just trying to make ends meet. Living that way robs your of energy and time -- energy and time you could be using to gel more enjoyment out of life. A I jjt| ?E HAS A \ WITH HIS \ R." TVE 8EEM BECOMING A / MVSELF. / . ' CCMy* 14&po**U$ed ne th&t 140Ss*t>. fierformsnce, sod our Undid ofewcDence our "SfeMMRt tmiu" utcd csn st * protect you Sfmrrst mcchsotcl tp*r or repioccmertt of etffit ms/or itiffnr * trtmrmuio* StNfWJ Mm dtcthd tyssrfu d<M(Mp(WOfl j^r vyMrM l i I UICK RIVIERA I aded, Silver 14,995 I 7523A 5 CAPRICE I I, Fully Equipped s8995 I 6820A LDS CUSTOM I I ?ER WAGON I, AC Beige 4,995 I 7131A om quality i sccvict parts leal i hi imnin i r t r i ~r )
Winston-Salem Chronicle (Winston-Salem, N.C.)
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Jan. 29, 1987, edition 1
21
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