Black Americans' financial well-being has been overlooked for a long time. There are more and more individuals looking for African American financial advisors, looking for knowledge that is relevant to their race. The knee-jerk reaction to a system created to oppress and subjugate millions of innocent Americans is understandable.
African American leaders are using community empowerment as a form of revolt against racism. As a result, many people are stepping up to provide sound financial advice to their social media friends and followers, particularly on Instagram. However, even if other types of financial self-empowerment are relevant today, and knowing where to find them is essential, as with many things in life, sometimes simply knowing the option exists isn't enough.
Looking for sources of financial self-empowerment might help you achieve your goals and take you somewhere in life.
Find a role model who exemplifies positive financial behaviors.
As a testament to the genius of white America, there is an abundance of successful and influential individuals of all races, such as Jeff Bezos, Elon Musk, and Mark Zuckerberg, all of whom are among the wealthiest people on the planet. However, this does not indicate that only white men may become prominent in their field. Many African-American individuals have risen to the top, proving they can overcome various odds. Oprah Winfrey and Michael Jordan are extremely well-known household names, but being a professional athlete or a TV personality is not everyone's goal.
Search for relevant and relatable people
You shouldn't hunt for the richest African American in your neighborhood, or from your circumstances, but rather you should look for someone who is related to your interests and who you can relate to. Madam C. J. Walker may be the appropriate role model if you are interested in self-care and in manufacturing your health or beauty products.
The aim is not just to examine how you can succeed, but also to observe and learn the character traits and strategies that can help you along the way. Entrepreneurs that achieve success know about the odds they're up against and leave behind money for those who might try to duplicate their success.
To empower your community financially, start with social media.
Before identifying your ideal hero, make a list of the people you come into contact with regularly. People find community and support in their online spaces more than in their real locations, and that's just fine. It's critical to recognize that your online community is helping you establish your reputation, and not harming you by sapping your efforts, so beware of people who allow you into your community.
As your financial situation gets better, you may want to form a group chat or Facebook group in which you can post credible money-wellness recommendations, and others can respond with their money advice tips. If you're already linked with African American financial experts, you may even be lucky enough to already be helping your community with financial well-being suggestions.
Attentive Consistently
You will have to moderate any content being shared in your online forum or community. Because of the new introduction of cryptocurrency, many people are delivering questionable stock- and crypto-related advice these days.
While some may profit from the advice of this type, there are other ways to earn money that are risk-free. When giving financial well-being suggestions, make sure that you define in your group definition that these tips should be thorough and reliable.
Make an effort to find books about personal finance.
Your learning about your financial planning will start now that you have a hero to strive for and a community to assist you. Many self-made entrepreneurs, such as African American financial consultants, have published inspirational books as well.
You must identify one that speaks to you because you'll regret wasting your time if you don't. African American authors who write on financial planning include the following excellent authors:
- If you're looking for guidance on financial success, look no farther than Tonya Rapley's The Money Manual: A Practical Money Guide to Help You Succeed on Your Financial Journey.
- For a new perspective on personal finance, read the Wake-Up Call: Financial Inspiration by Ash Exantus. directly inspired by 4:44
- Tara Jackson has written a book about the several financial languages, entitled, "4 Financial Languages: The Secrets to Communicating About Money."
Invest in yourself by listening to the Financial Self-Empowerment podcasts
People who hate reading could be looking for alternate ways to get their knowledge. A vast pool of knowledge may be found in the podcast sector, as numerous individuals have gained a platform to distribute their wide-ranging financial knowledge.
To learn more about African American financial guidance, we recommend the following podcasts:
- Sophisticated Girl Finance
- His money and her money
- paychecks and the value of money
- Embrace day-to-day hustle with Daymond John
This merely goes to show that there are many different sources of self-empowerment out there, so use caution and only use sources you can trust.