Black People : The Black Economic Wealth Gap

I recommend maxing out all of your government-insured savings plans(CDs, IRAs, Roths, etc).

If you still have money left over to invest, and you don't want to personally manage the investments yourself, I recommend buying an index fund.

As far as entrepreneurship goes, it depends on what you want to do and if there is a market for that particular product or service. What kind of business do you want to start?




I have an IRA and annuity. As I said, I'm past that. The strategies I'm talking about are for people like me

:lol:














:em0200:

 
It seems their financial and economic development initiatives are comprehensive having something to offer to the financial novice to those ready to create generational wealth through investing and entrepreneurship.

Furthermore, finacial education is widely available and universally applicable independent of race. A good source of financial education is the "Rich Dad, Poor Dad" series from Robert Kiyosaki. I teach my children concepts from his products that cover the 4 basic techniques for earning money, then ask them which method or combination of methods do they think fits their personality and life goals.

Cashflow_Quadrant.jpg





Yeah, that's more like it

:toast:


















:em0200:
 

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