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More than one in four black households have zero or negative net worth compared to less than one in ten white families.

Economic Policy Institute, February 13, 2017

Contact Brooklyn Capital Collective at info@brooklyncapitalcollective.org to assist you in executing these wealth building strategies.

Strategies:

  • Have a plan.
    No one plans to fail, we fail to plan.
  • Invest in the stock market.
    In the long term, the stock market represents the best opportunity to build wealth.
  • Reduce debt.
    Make a conscious effort to pay down debt.
  • Diversify investments.
    Mama said don’t put all your eggs in one basket. Mama was right.
  • Own your own home.
    Creates equity and is a cornerstone for wealth creation.
  • Focus on networth.
    Everything you own minus everything you owe is your networth. You must consistently own more than you owe.
  • Maximize your spiritual, mental and physical well being.
    Exercise your mind and your body striving for good, overall health. If you believe in a higher power, actively practice your beliefs.