3 pitfalls African Americans should avoid when building wealth - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

'African Americans represent only 1.5% of all Certified Financial Planners in the country, which means it can be difficult for my community to find representation among financial professionals'

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

Can I be honest? The last few months as an African American living in the United States have been emotionally exhausting. When you see victims like Breonna Taylor, Ahmaud Arbery, and George Floyd suffer from police aggression and racism around the country, you have no choice but to stop and reflect.practicing in the United States. African Americans represent only 1.

Unfortunately, unwise or uncontrolled spending is one of the main ways to hinder your wealth-building efforts — no matter how much you make or how successful you may be in your career. To build assets, you need to avoid the temptation to keep up with the Joneses. Not to be confused with former presidential hopeful Elizabeth Warren's wealth tax, the wealth-builder's tax is the pressure felt or promises made by first-generation, financially independent minorities to family and friends to support them financially.

I understand the urge to give back to the people in your family or around you who could use financial support, but you must focus on securing your own wealth before financially contributing to others.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Most minorities don't even know that world exist. LetsHelp!!!

First SoftBank then a16z then Google, now soon all of corporate America will come with sad stories or condescending views in support of the poor blacks oppressed just for being black. WTF is going on here?

Why do they have to be black Racist

books, phone, email, youtube, planes, trains and automobiles exist. Many professionals I use are hours away from me yet I am able to make it work. Sounds like a false narrative.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Look inside a converted Rhode Island fire station for sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. When you feel like giving up, remember why you held on so long in the first place. Never give up on your dream! I mean, they can’t get credit for keeping the fire pole. No sane person would remove the fire pole PTeach111 Wow. That’s quite a place.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside clash between Minneapolis police and union: Arradondo and Kroll - Business Insider[THREAD] 👇 Chief Medaria Arradondo — Minneapolis' first black police chief — once sued the city and the department, alleging racial discrimination. He’s attempted to institute meaningful reform, but has been met with resistance from the police union. Criminal justice experts say police unions impede meaningful reform in city police departments by protecting aggressive cops. In addition to advocating for higher wages, unions sought to protect job security by limiting disciplinary transparency. Here you go...here’s a really good way to reform police departments...target the unions...they’ve been hindering reform for years and protect bad cops when they shouldn’t be protected DemocRAT run Minneapolis right ? ...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No junk food. They save lives.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Jeff Bezos' wealth has exploded to $150 billion since the beginning of the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. TF Have a salad and relax 🥗 Olokito meo
Source: BusinessInsider - 🏆 729. / 51 Read more »