Celebrating Progress: Black Americans & Financial Literacy
Disclaimer: Good Day, Readers. The WealthBuildingPowers blog is a financial literacy and competency blog, and it does not provide specific investment recommendations.
Let’s be real: Black Americans still rank at the bottom in education, employment, income, and more. But we’ve come a long way—and that deserves celebration.
In 1940, a staggering 87% of Black Americans lived below the poverty line. By 2023, that number dropped to under 18%. Among Black married couples, the poverty rate was just 6.5%. That’s not just progress—it’s proof that two-parent homes play a significant role in economic success.
🔑 FOUR SIMPLE STEPS TO LEVEL UP
1. 🎓 Finish High School—and Keep Learning
Whether it’s community college, trade school, university, or self-education, keep sharpening your skills. The goal is income-generating ability. Just start. Just build. Just grow.
2. 💼 Get a Job—Any Job
Your skills are your engine. Now put it in gear. Hustle hard, no matter the role. One young man started collecting carts at Walmart. Twenty years later, he manages 300 employees—at Walmart. Effort compounds.
3. 💍 Build a Family After Marriage
I adore my daughter. I wish I had more kids. But here’s the truth: raising children today is expensive. Some families pay $3,000/month for childcare. Two incomes and two committed adults make better parents. Get married first. Or wait. Or protect. Just be intentional.
4. 💰 Save 20% of Your Household Income
Can’t afford it? Work harder. Earn more. Cut waste. Make it happen. I saved consistently—and just returned from a 17-day trip to Kenya and Tanzania. That’s what financial discipline buys you: freedom.
🚀 No Excuses. Take Action.
We’ve made progress. But the journey isn’t over. The next chapter is yours to write—with grit, strategy, and vision.
So celebrate your wins. Then get your behind back to work—and CRUSH IT.
If we want better children, we must become better adults. If we want stronger communities, we must first strengthen ourselves.
The paths to financial freedom are UNLIMITED. CHOOSE YOUR OWN!
LET’S MAKE SOME MONEY – CRYPTOCURRENCY IS ACCEPTED!
WHAT SUBJECTS DO YOU WANT TO READ NEXT? WHAT QUESTIONS CAN I ANSWER? UNTIL NEXT TIME!
TRUST ME – YOU WILL LIKE THE BLOGS BELOW!
The Slow Destruction of the Two-Parent Homes
The Real Story Behind Education and Wealth
The Power of Your Work Ethic
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ABOUT ME
I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger with an NC. State, Chemical Engineering, University Rutgers, MBA and Harvard University, Advanced Management education.
I left a corporate career because I desired to make a difference as a speaker and writer. I was blessed to be coached and mentored by strong women and men in my family and professional life. It is my time to serve and give back.
DISCLAIMER
I started my first business at ~13 years of age (a small but brilliantly created plant nursery). I am a successful investor in stocks, options, and real estate and am happy to share my finance and investment lessons. I am NOT a licensed financial advisor. Please do not construe my suggestions on this blog as recommendations for your situation. As an investor, you must establish your risk/loss tolerance. Investment in any asset involves risk, including complete loss.
Please seek your licensed CPA or fiduciary financial advisors for individual financial advice.
I write this weekly blog to make an impact by reaching an audience and demonstrating the need for financial literacy. I will help you get there.
