We want to utilize our basketball platform to entice the youth of life skills off the court as well. Our initiative is to provide opportunities and resources that sets each individual up for success.
TNT Capital established this foundation to teach the less fortunate youth about financial literacy & life skills.
The updated signed and passed stimulus bill includes a provision that would help the most generous individual donors and corporate givers. For individuals, the 50-percent of adjusted gross income limitation would be suspended for 2020. For corporations, the 10% limitation would be increased to 25% of taxable income.
HELP MAKE AN IMPACT BY JOINING THE MOVEMENT FOR CHANGE!
With the events as of late, we are all aware of the elephant in the room of racial inequality and injustice. The 100’s of years of systematic racism, and how George Floyd’s death seems to be the final straw of tolerance. To be honest, the systematic inequality and injustice will continue until we take care of the root of the problem, and in my opinion, it is education.
I wanted to prove that education was the difference maker by doing a case study on myself. I wanted to see if I self-educated myself on personal finance, investing, and other ways of building wealth would make a difference, or do you have to be rich with resources to accumulate wealth.
My process started in October of 2019, I read Personal Finance for Dummies, Series 7 Exam for Dummies, Trading for Dummies, Follow the Smart Money, and The Intelligent Investor. After completing the list of books, I started a new TD Ameritrade account with an amount of money I thought was on the high end of what a less fortunate person could initially invest, $500. I took a bottoms-up investment approach by researching cheap fundamental stocks that I could invest in long term. Thus far in my case study, my portfolio is up 40%, and one of the stocks I pick is up 137%.
The other evidence that education opens doors is with my son, Tyrell. Growing up, his mom and I would always tell him how important education is over sports. He would ask me if he should go to a basketball tournament or a math competition, duh I would say the math competition. His coaches would get frustrated because he was an exceptionally talented basketball player. Eventually, those decisions led to Tyrell accepting a full academic and athletic scholarship to Stanford University that is worth $73k annually not including the resources, education, and network that Stanford offers.
Through this self-case study and current events, it has given me clarity that education of life skills and financial literacy can change the foundation of systematic inequality and injustice. I am no Martin Luther King, Jr., but God Willingly I want to do my part in making change. With your assistance, the Tyshon N. Terry Foundation would like to take on this initiative to change inequality and injustice through education of life skills and financial literacy.
Mr. Basketball Academy is looking to build a facility to enhance our ability to impact the youth. We want to utilize our basketball platform to entice the youth of life skills off the court as well. Aligning with the Tyshon N. Terry Foundation, our initiative is to provide opportunities and resources that sets each individual up for success. TNT Capital established this foundation in honor of the late Tyshon (pic to the right) to teach the youth about financial literacy, and statistics show that if we had a foundation for just financial literacy less likely those kids would show up. Utilizing the basketball platform an environment that most less fortunate kids thrive in, we can make an impact both on and off the court.
The Mr. Basketball Academy facility will be used as basketball arena, educational institution, and fitness center. By raising the necessary funds to build an astonishing multi-million-dollar facility, we will give an immense and extraordinary ROI to not only investors, but the millions of youth that enter the door! Right now, more than ever is evident that statistically, literally, figuratively, etc. this is time for change.
Join with us on this journey to make equality an actuality and not an unaccomplished dream that Martin Luther King, Jr. died for.